Back to Blog
Sylo coingecko5/27/2023 Comparatively, the current price is -93.60% lower than the all-time high price. The highest price paid for Silo Finance (SILO) is $0.908248, which was recorded on (12 months). What is the all-time high for Silo Finance (SILO)? The trading volume of Silo Finance (SILO) is $198,100.88 in the last 24 hours, representing a 228.10% increase from one day ago and signalling a recent rise in market activity. What is the daily trading volume of Silo Finance (SILO)? Other popular options include Uniswap (v3) and Curve (Ethereum). The most popular exchange to buy and trade Silo Finance is Balancer (v2), where the most active trading pair SILO/WETH has a trading volume of $86,179.92 in the last 24 hours. SILO tokens can be traded on decentralized exchanges. With a circulating supply of 220 Million SILO, Silo Finance is valued at a market cap of $12,901,971. This represents a 19.00% price increase in the last 24 hours and a 20.50% price increase in the past 7 days. The price of Silo Finance (SILO) is $0.058444924867 today with a 24-hour trading volume of $198,110. I highly recommend those who are reading to look into Sylo, as it may be one of the few low-cap projects that prove itself to be an uncut diamond.Silo Finance (SILO) price has increased today. Sylo has a small marketcap and the right partnerships, and it’s only a matter of time until more people realise this, and jump in at the opportunity presented. I could go on and on but altogether, I believe this is just the beginning of Sylo’s massive leg up both in the market and in innovation. This comes down to Sylo’s unique, completely decentralised infrastructure which relies on incentivised, user-run nodes for communications relay. Because Sylo is one of the most widely adopted scalable PROTOCOLS for high volume APPLICATIONS in that ecosystem, it also becomes a forerunner in decentralised messaging. This is where value creation becomes key and inherently present in the Sylo network. Sylo’s entire network infrastructure is built to not just handle - but adapt to - the market demands that both dApps and protocols have created in the crypto ecosystem. This theory argues that the value of a project is in its protocol, not in its apps. It’s a long read, but here is a TL DR for you. I can simply use my bank card or credit card inside the Sylo app, and complete the transaction. People can buy crypto in-app with their bank cards.Įspecially with the latest spike in transaction fees, I particularly like the fact that Sylo has made it easier for their users and holders to skip fluffing around on complicated exchange websites, and stay inside their native Sylo app.Shared a concept called Social DeFi built around groups/content to bring stake and yield functions into the Sylo Smart Wallet (to be launched in 2021).Released the docs for developers to build Sylo Experiences that can exist inside the Sylo app (think of them like mini-apps inside WeChat, except decentralised).Launched a fully decentralised communication network (the Sylo network) enabled by user-run nodes and incentivised by the Sylo token (SYLO).Enabled people to pay with BTC at vending machines (finally somewhere to spend my crypto in the real world!).Launched a Web3 browser to the Sylo Smart Wallet for accessing Ethereum Dapps (Eg, Uniswap, CryptoKitties, OpenSea, and more).Deployed support for Bitcoin and Tezos to the Sylo Smart Wallet.Gained over 300,000 users in their app, the Sylo Smart Wallet which was only released in late 2019.Partnered with some big names, including Tezos and Coca-Cola.Listed their token on multiple exchanges ( Kucoin, Bitbns, and Gate.io!).It turns out that Sylo is a hidden gem, that has been tirelessly making innovation! I could write further about it, but here is a little breakdown. Updates to the Sylo Smart Wallet, from Sylo official Twitter
0 Comments
Read More
Leave a Reply. |