Key Points
- Today, Binance listed COW and CETUS with Seed Tags utilized.
- The cash’ costs spiked between 60% and 70% following the trade’s announcement.
Binance listed Cow Protocol (COW) and Cetus Protocol (CETUS) immediately.
The new spot buying and selling pairs embrace the next, in keeping with the trade’s official announcement:
Trading opened for spot buying and selling pairs at 12:00 (UTC).
Binance utilized the Seed Tag to the 2 tokens. Seed Tags are utilized to revolutionary initiatives that might exhibit greater volatility and dangers in comparison with different listed tokens.
Following the trade’s announcement, the cash’ costs recorded important surges.
COW and CETUS Prices Surged Following Binance’s Listing Announcement
At the second of writing this text, COW is buying and selling above $0.41, up by over 62% prior to now 24 hours.
Ahead of Binance’s announcement, the token was buying and selling at ranges of $0.26, forward of a worth spike to $0.46 ranges. The token has a market cap of just about $108 million.
CoW Protocol is a DEX aggregator that permits customers to signal their swap intention and delegate the execution to solvers aka relayers in different protocols. Solvers bid on the absolute best trade fee so as to win the correct to settle trades.
By batching a number of trades collectively so as to create CoWs (Coincidence of Wants), solvers can save on fuel prices, AMM charges, and execution dangers.
The COW token permits holders the correct to control and curate the infrastructure of the CoW Protocol.
The worth of CETUS additionally recorded a big surge, following Binance’s announcement of round 70%. The token reached a brand new ATH at $0.32.
At the second of writing this text, CETUS is buying and selling above $0.29, up by round 63% prior to now 24 hours.
Before the announcement of the trade, CETUS was buying and selling at $0.21 ranges. The token’s market cap is above $175 million.
Cetus is a crucial DEX and concentrated liquidity protocol that’s constructed on Sui and Aptos blockchains. Its mission is to construct a strong and versatile underlying liquidity community to make buying and selling simpler for customers and belongings.
