Klaytn token down 15% in a month, but network's TVL shows resilience
KLAY's market cap is roughly 70% below its all-time high, but the network's TVL and DApp data hint that the service-oriented blockchain might bounce from its lows. Klaytn (KLAY) had a promising start in March 2021, reaching an impressive $11 billion market capitalization following its debut. However, investors have exaggerated their expectations as the token's current total value stands at $3 billion, down roughly 70%.KLAY/USD on Binance. Source: TradingViewAlthough not as well known as the leading smart contract blockchains, Klaytn remains a top-35 token by capitalization rank. Moreover,....
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Klaytn, the metaverse-friendly blockchain, has just gained another sub-token. On July 25 Klaytn Lending Protocol, better known as KLAP, launched its governance token for users of the decentralized application (dApp). The move comes just two months since the KLAP platform went live and is part of its team’s efforts to decentralize the KLAP protocol. At […]
The 1inch Network has integrated its aggregation and limit order protocols to the burgeoning Klaytn blockchain mainnet. South Korea's most popular metaverse blockchain Klaytn is set to benefit from deeper liquidity and improved token swaps through a new partnership with decentralized finance (DeFi) protocol 1inch Network.Klaytn has enjoyed success in South Korea as the country continues to see prolific nonfungible token (NFT) and GameFi use. Klaytn is a product of tech behemoth Kakao, which commands a user base of some 52 million people that use its flagship KakaoTalk application and suite....
Klaytn, the open-source metaverse-focused crypto, has boasted impressive gains in the last week. Just seven days back, the crypto was trading at $0.21. It also stumbled quite a bit during the week before picking momentum on Wednesday. Since then, the token has only fluctuated upward, recording an impressive gain of 30.80%. Klaytn recent pump has several catalysts, with the recent overall crypto market uptick being a major factor. The Klaytn team also made several bullish moves during the week, like its block reward cut proposal and token buybacks. Related Reading: On-Chain Data Suggests....
Apart from participating in the co-governance process of Klaytn, Shinhan Bank will also be involved in the development of Klaytn-based digital services. Shinhan Bank, one of the largest banking institutions in South Korea, has entered into a partnership with Klaytn, a global blockchain platform developed by Kakao subsidiary Ground X.According to a Monday announcement, Shinhan Bank has joined Klaytn’s blockchain governance council, becoming a member of the co-governance of the Klaytn blockchain. As part of the new partnership, Shinhan will be also involved in the development of Klaytn-based....
The US-based Metaverse concert organizer Animal Concerts has partnered with South Korea’s Klaytn blockchain network to bring leading global music entertainment stars to the Metaverse. Metaverse concert organizer Animal Concerts has partnered with South Korean unicorn Kakao’s Klaytn network to increase its exposure to the Korean entertainment industry and facilitate Klaytn’s global expansion plans.The Jan. 10 announcement from Klaytn explains that the partnership between Klaytn and Animal Concerts is expected to help Klaytn increase the number of NFTs that are traded on the platform. Klaytn....