EVER price climbs nearly 30% in 24 hours

The price of the Everscale blockchain’s native EVER token rose by more than 27% in the last 24 hours. Data from CoinMarketCap show this.

As of 20:00 MSK, the asset price exceeded $0.31, rising from $0.24. EVER trading volume over the same period rose by more than 220%.

The likely reason was activity by participants in DeFi and the move to a new governance model for the Everscale ecosystem (formerly Free TON).

According to the DeFi Llama service, over the last month the volume of locked assets (TVL) on the decentralised exchange FlatQube — the largest DeFi app on the Everscale blockchain — doubled, from $31.7 million to $63.7 million. Only in the last 24 hours did this metric increase by more than a third.

Recently, FlatQube conducted the QUBE token sale and began distributing farming rewards in it.

Also, developers launched Octus Bridge — a cross-chain bridge for transferring assets between the Ethereum, BNB Chain, Polygon, Phantom and Everscale networks. In the future they plan to add Avalanche and Milkomeda to this list.

In addition, in Everscale launched a DAO for EVER holders. To participate in voting, you need to convert the native coin into the wrapped WEVER token and lock it in a dedicated smart contract. Participants in votes receive rewards.

According to the Ever DAO site, nine votes on Everscale development have been held there, and the total amount of WEVER locked in the DAO contract has exceeded 17.7 million tokens.

Earlier, Amaze announced a collaboration with a key Everscale developer. The aim of the partnership is to enable NFT functionality on websites without the need to write code.

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