Tellor (TRB) secures coveted Binance listing as oracle bull run continues

2020-8-28 06:57

The DeFi sector’s massive growth in recent weeks has given rise to other fragments of the crypto market, with decentralized finance’s reliance on oracles driving investor demand to these types of projects. This has caused Chainlink, Band Protocol, and Tellor to all see notable growth in recent weeks.

Tellor is by far the smallest of these three oracles, having a market cap of just under $70 million at the time of writing.

This is only a fraction of Chainlink’s $5 billion market cap, and significantly smaller than Band Protocol’s $250 million market cap.

The cryptocurrency associated with Tellor’s oracle network – TRB – secured a listing on Binance today, with the exchange now accounting for the majority of the token’s trading volume.

Tellor (TRB) price surges following news of Binance listing

At the time of writing, Tellor is trading up roughly five percent at its current price of $47.20.

This marks a notable upswing from its daily lows of $43.00 that were set around this time yesterday. It is, however, trading slightly below its daily highs of $51.00.

These highs were set directly after news broke of Binance adding support for TRB. The exchange announced the listing in a tweet, saying:

“New Binance Listing: TRB. [Tellor] is a decentralized oracle on Ethereum. TRB provides crypto-economic incentives to secure the Tellor network.”

In the hours following its listing, the TRB/BTC trading pair on Binance rapidly became the highest volume trading pair Tellor has across all the platforms it is listed on. The listing also added over $4 million in 24-hour trading volume to the cryptocurrency.

Oracle sector gains momentum, led by LINK, BAND, and TRB

The oracle sector, although playing a vital role in decentralized finance, still remains fairly small, only encompassing a total of seven protocols.

In recent weeks, Tellor, Chainlink, and Band Protocol have been driving the majority of this sector’s growth.

According to proprietary data from CryptoSlate, the aggregated market cap of the seven tokens that fall within this sector is roughly $5.75 billion. Chainlink accounts for over $5 billion of this market cap.

Data Source: CryptoSlate

Oracles also only account for 1.65 percent of the entire market’s total capitalization – a sign that there is still room for growth as accurate and decentralized data streams grow more valuable to the crypto ecosystem.

The post Tellor (TRB) secures coveted Binance listing as oracle bull run continues appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Decentralized Machine Learning (DML) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0014998 (-100%)

decentralized market crypto fragments finance reliance these

decentralized market → Результатов: 126


Uniswap Review 2020 – New Ethereum’s Top Decentralized Exchange

The concept of decentralized exchanges has been popularized recently on the market, with a number of competitors swooping in and attempting to fill out this still developing niche. While many considered 0x to be in prime position to take this market for itself, it has become clear that said protocol somewhat stalled and let other […]The post Uniswap Review 2020 – New Ethereum’s Top Decentralized Exchange appeared first on CaptainAltcoin.

2019-12-17 18:30


Credits and Alibaba Cloud Storming Chinese Market With Blockchain-Based Solutions

The Credits open-source decentralized blockchain solutions provider and Alibaba Cloud have announced the joint launch of operations in the Chinese logistics market. The solution being launched jointly by the Credits platform and Alibaba Cloud is aimed at solving the multiple issues in the logistics market using blockchain technologies.

2019-12-3 19:13


Credits Blockchain Platform Joins Alibaba Cloud For Catering To The Chinese Logistics Market

The decentralized, open-source Credits blockchain platform has recently announced its cooperation with Alibaba Cloud in developing blockchain-based solutions for solving logistics issues on the ChinesThe post Credits Blockchain Platform Joins Alibaba Cloud For Catering To The Chinese Logistics Market appeared first on AMBCrypto.

2019-12-3 18:00


IDEX Reports the Development of an Infinite Solution to Ethereum Scalability

IDEX is a popular decentralized platform on the crypto exchange market. It is accountable for an excess of all decentralized transactions of the crypto market. Recently, the platform had reported to developed a “scaling solution” that is said to be limitless in the trading of Ethereum. Transactions are now Faster by 1,000 Times In the […]

2019-11-11 21:44


Фото:

A Wild Centrality Appears in the Top-60 Market Cap — But Why?

If you have checked CoinMarketCap lately, you might be surprised to find an obscure new entry has suddenly appeared in the top-60. The new cryptocurrency is none other than Centrality (CENNZ), a peer-to-peer blockchain marketplace that offers a wide variety of decentralized applications (dApps) from any business or startup that looks utilize the Centrality dApp […] The post A Wild Centrality Appears in the Top-60 Market Cap — But Why? appeared first on BeInCrypto.

2019-10-16 04:08


Фото:

Ethereum Hard Fork Is Coming — Here’s What You Need to Know About ‘Istanbul’

Istanbul, the long-awaited Ethereum hard fork, is set to release sometime later this year, bringing changes regarding scalability, mining, and accessibility. As the number two cryptocurrency in terms of market cap, and one of the largest platforms for decentralized application (dApp) development, the network could really use an upgrade.

2019-10-9 11:15


Spring Labs To Create Blockchain Registry For $5.6B Energy Loans Market

Spring Labs, a blockchain-centered startup has acquired a license to track the liens registry in the $5.6 billion energy-efficiency loan market using DLT, reported Bloomberg. The main goal of the startup would be streamlining the loaning process using the decentralized tech to cut frauds and increase overall efficiency. As per the deal, four lenders under […]

2019-10-1 19:50