ZEUS token rises by 37%, surpasses $180m market cap
The Zeus Network’s ZEUS token experienced a notable price surge, increasing by 37.4% in a single day to $0.9821.
The gain reflects growing investor interest in the token, as evidenced by a significant boost in trading volume, which soared by 140% to over $97 million within 24 hours, according to CoinGecko.
Despite its relatively lower ranking among the top 5,000 cryptocurrencies, the network’s market capitalization also saw a substantial rise, reaching a top of $180 million and currently sits at over $165 million.
Like Jupiter’s JUP token, the Zeus Network utilizes ZEUS tokens for various functions within its ecosystem. The Zeus Network also used Jupiter’s launchpad to launch the token. Security is enhanced as token holders can use ZEUS to improve protective measures for transactions and interactions. The tokens also facilitate access to services, including transaction fee payments, smart contract operations, and special feature access.
In governance, ZEUS token holders vote on critical platform decisions, such as protocol upgrades and development directions, allowing the community to be involved in the network’s management.
The Zeus Network also offers ZEUS token incentives for contributions supporting network growth and functionality. Rewards include liquidity provision, token staking, and community initiative participation, aiming to encourage active engagement within the ecosystem.
OKX listed the Zeus Network’s ZEUS token for spot trading, enabling ZEUS/USDT transactions. The integration aims to leverage Solana’s scalability with Bitcoin’s security, enhancing the potential for decentralized applications and secure financial services.
The Zeus Network, utilizing the Solana (SOL) blockchain, raised $8 million in seed funding, led by Mechanism Capital, with participation from OKX Ventures, Animoca Ventures, and significant investors like Solana’s Anatoly Yakovenko.
The funding supported the development of a cross-chain infrastructure, promising to bridge Solana with Bitcoin (BTC) and Litecoin (LTC), marking a step forward in blockchain interoperability.
