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TürkçeTRON VS BENQI Liquid Staked AVAX
VS
TRON
TRON is a blockchain-based platform that aims to decentralize the digital entertainment industry, providing a space where creators can share content directly with consumers without intermediaries. It is known for its high throughput, which allows for rapid processing of transactions and supports a wide range of decentralized applications. The platform's native cryptocurrency, TRX, facilitates transactions and smart contracts within its ecosystem, enabling seamless interaction between content creators and consumers.
more informationBENQI Liquid Staked AVAX
BENQI Liquid Staked AVAX is an innovative solution designed for Avalanche users to maximize their yield and maintain liquidity. By allowing token holders to stake AVAX and receive a liquid derivative token, it combines the benefits of staking with the flexibility of DeFi. This approach not only enhances capital efficiency but also integrates seamlessly with other decentralized finance systems on the Avalanche network.
more information
TRON
BENQI Liquid Staked AVAX
General Information |
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Title
TRON
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Title
BENQI Liquid Staked AVAX
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Symbol
trx
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Symbol
savax
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Whitepaper
-
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Whitepaper
-
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Website
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Website
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Community
-
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Community
-
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Last Updated
2025-02-01 23:55
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Last Updated
2025-02-01 23:51
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Price Data |
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Current Price $
0.244695
$
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Current Price $
38.23
$
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High 24h
0.256357
$
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High 24h
41.66
$
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Low 24h
0.244217
$
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Low 24h
38.06
$
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Price Change 24h
-0.009021966533737
$
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Price Change 24h
-2.7605801650198
$
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Price Change % 24h
-3.55592
%
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Price Change % 24h
-6.73388
%
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Market Data |
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Market Cap
21088461782
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Market Cap
288864935
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Total Volume
726203947
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Total Volume
3238573
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Market Cap Change 24h
-772499440.97119
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Market Cap Change 24h
-20406353.257804
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Market Cap Change % 24h
-3.53369
%
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Market Cap Change % 24h
-6.5982
%
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Return on Investment (ROI)
12778.678797602
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
86124722522.409
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Circulating Supply
7555619.9622438
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Total Supply
86124813364.219
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Total Supply
7555646.4924141
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Max Supply
-
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Max Supply
-
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Historical Data |
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All Time High (ATH)
0.431288
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All Time High (ATH)
103.55
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ATH Change %
-43.20318
%
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ATH Change %
-63.10306
%
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ATH Date
2024-12-04 00:10
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ATH Date
2022-04-02 13:44
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All Time Low (ATL)
0.00180434
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All Time Low (ATL)
9.25
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ATL Change %
13476.03592
%
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ATL Change %
313.10928
%
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ATL Date
2017-11-12 00:00
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ATL Date
2023-09-14 12:26
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TRON
The Rise of TRON: A Deep Dive into the Blockchain Giant
TRON (TRX) has emerged as one of the most formidable players in the cryptocurrency space, known for its ambitious goal of creating a decentralized internet. In this article, we explore TRON's development, advantages, challenges, historical performance, and future outlook.
Understanding TRON: The Vision and Technology
TRON was launched by Justin Sun in 2017 with the vision of building a decentralized internet platform that empowers developers to create DApps (Decentralized Applications) without relying on central authorities. The platform uses blockchain technology to ensure transparency, security, and peer-to-peer sharing.
TRON's architecture is divided into several layers that ensure its robustness, including the Storage Layer, Core Layer, and Application Layer. The use of a Delegated Proof of Stake (DPoS) consensus mechanism facilitates high throughput and scalability, which are crucial for accommodating millions of daily transactions.
Advantages of TRON
One of TRON's key strengths is its high scalability and low transaction fees, making it attractive for developers and end-users. The fast transaction speeds and ability to support a large number of transactions per second (TPS) are crucial as the platform grows.
TRON's acquisition of BitTorrent, the world's largest decentralized file-sharing protocol, also strengthens its ecosystem. The integration of BitTorrent has the potential to improve TRON's user base and diversify its use cases.
Challenges and Criticisms
Despite its strengths, TRON has faced criticism for its centralized governance structure, which some argue contradicts the decentralized ethos of blockchain technology. There have been concerns about the concentration of power among the super representatives who govern the network's operations.
Furthermore, TRON has been scrutinized for its marketing strategies and fast-paced growth, with some critics questioning the authenticity of certain partnership announcements made in its early stages.
TRON's Historical Performance
Since its inception, TRON has experienced significant growth. Its Initial Coin Offering (ICO) was in September 2017, and since then, the coin has evolved substantially. TRON reached an all-time high of $0.231673 on January 5, 2018, during the crypto boom but has since seen fluctuations with current prices lower.
Despite the volatility, TRON has shown resilience with its current price at approximately $0.163, and an impressive ROI of around 8483.66%. The price has weathered market fluctuations and indicated strong potential for sustained growth.
Forecasting the Future: What Lies Ahead for TRON?
Looking forward, TRON's future will likely depend on its ability to expand its ecosystem and increase adoption among developers and users. The focus on DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) represents a potential area of expansion, especially given the rising popularity of these sectors.
Moreover, ongoing enhancements to the platform's infrastructure and strategic partnerships will be key to maintaining a competitive edge. If TRON can continue to innovate and address criticisms related to decentralization, it has the potential to remain a major player in the blockchain industry.
Overall, TRON represents an intriguing blend of innovation and ambition, with the capacity to drive significant change in the realm of digital content creation and distribution. Its ability to fulfill its long-term vision will hinge on strategic decisions and market dynamics in the coming years.
BENQI Liquid Staked AVAX
Understanding BENQI Liquid Staked AVAX (sAVAX)
BENQI Liquid Staked AVAX, abbreviated as sAVAX, is an innovative financial instrument in the cryptocurrency ecosystem, facilitating enhanced utility and engagement with the Avalanche (AVAX) blockchain. While the platform continues to evolve, sAVAX remains a pivotal asset, enabling users to maximize AVAX staking yields with added liquidity.
The Rise of BENQI Liquid Staked AVAX
From its introduction, BENQI Liquid Staked AVAX has offered something unique to the DeFi landscape—an opportunity to stake AVAX and simultaneously maintain liquidity. This asset emerged during a time when decentralized finance was gaining mass attention, capturing both retail and institutional interest with its safe yet flexible yields.
sAVAX allows users to effectively stake their AVAX tokens, earning rewards while retaining the ability to trade or lend their liquid staked tokens in various DeFi applications, thus providing a versatile and efficient way to benefit from staking rewards without locking away their assets.
Performance and Historical Trends
Since reaching an all-time high of $103.55 in April 2022, sAVAX has experienced significant volatility, as is common in the crypto market. The token saw its lowest value of $9.25 in September 2023, showcasing a rapid rebound trajectory with a 240.02% increase from this low point. Currently, sAVAX trades around $31.47, indicating a resilient position despite market challenges.
This volatility highlights both the risks and the incredible growth potential within the DeFi space, reflecting broader market trends and the specific dynamics of the Avalanche ecosystem.
Advantages of BENQI Liquid Staked AVAX
The core advantage of sAVAX lies in its dual utility: offering the benefits of staking rewards alongside the versatility of liquidity. Users aren't locked into their stakes, providing an agile approach to handling market shifts. This liquidity feature can be particularly advantageous in fast-moving markets where rapid shifts in strategy are often required.
Additionally, the BENQI protocol bolsters security and decentralization, vital features for any DeFi platform. The AVAX backbone further supports its standing, considering Avalanche's prominence as a high-performance blockchain.
Potential Drawbacks and Risks
Despite its benefits, sAVAX is not without drawbacks. The inherent volatility of cryptocurrency means there's always a risk of substantial value fluctuations. As DeFi protocols often encounter regulatory scrutiny, any shifts could impact sAVAX's utility and adoption.
Moreover, smart contract vulnerabilities pose a constant threat, stressing the importance of maintaining robust security practices within the BENQI ecosystem.
Future Prospects for sAVAX
Looking ahead, the future of BENQI Liquid Staked AVAX is promising yet contingent upon several factors. Continued innovation and upgrades within the Avalanche network are likely to support further growth and adoption of sAVAX. The path ahead may include challenges, particularly relating to regulatory landscapes and the competitive DeFi space.
For sAVAX to maintain and enhance its standing, ongoing community engagement, strategic partnerships, and enhancements to security and usability will be crucial. If these factors align, sAVAX could continue to offer attractive staking solutions and liquidity mechanisms to the crypto community.
Overall, BENQI Liquid Staked AVAX stands as a testament to the evolving nature of decentralized finance, representing both an opportunity and a challenge for forward-thinking investors seeking to navigate the complex and dynamic world of cryptocurrency.