GHO Information

GHO is an innovative stablecoin designed to maintain a steady value while offering users the advantages of blockchain technology. With its robust underlying mechanism, GHO aims to enhance transaction efficiency and provide a reliable medium for digital payments. As the adoption of decentralized finance continues to grow, GHO is positioned to play a significant role in the evolving landscape of cryptocurrencies.

GHO

$1.00

Title : GHO
Symbol : gho
Current Price $ : 0.999565 $
High 24h : 0.999892 $
Low 24h : 0.999234 $
Price Change 24h : -6.8545707400336E-5 $
Price Change % 24h : -0.00686 %
Market Cap : 203856722
Whitepaper : https://github.com/aave/gho-core/blob/main/techpaper/GHO_Technical_Paper.pdf
Website : https://gho.xyz/
Total Volume : 17594938
Market Cap Change 24h : 484079
Market Cap Change % 24h : 0.23803 %
Circulating Supply : 203946725.58019
Total Supply : 203946725.58019
Last Updated : 2025-03-12 23:59
All Time High (ATH) : 1.03
ATH Change % : -2.93778 %
ATH Date : 2024-02-28 17:15
All Time Low (ATL) : 0.917065
ATL Change % : 8.99853 %
ATL Date : 2023-10-24 04:41

more information

GHO, the native stablecoin of the Aave ecosystem, has intrigued investors and crypto enthusiasts alike since its inception. As a key player in the DeFi space, GHO promises to bridge the gap between traditional finance and blockchain technology. In this article, we will explore the characteristics of GHO, its historical performance, advantages and disadvantages, and potential future outlook.

Understanding GHO: The Basics

GHO is designed to be a decentralized, collateral-backed stablecoin that maintains its value pegged to the US Dollar. By leveraging the unique features of the Aave protocol, GHO aims to facilitate seamless transactions while ensuring that users have access to liquidity. Its underlying mechanics are detailed in their comprehensive technical paper, which can be found on the official GitHub page.

Historical Performance of GHO

Since its launch, GHO has undergone several price fluctuations. With an all-time high (ATH) of $1.03 achieved on February 28, 2024, the coin demonstrated its potential for growth. However, it faced some volatility, notably hitting an all-time low (ATL) of $0.917065 shortly after on October 24, 2023. Currently, GHO trades around $0.999647, showcasing its design as a stablecoin, particularly in reflecting small price changes.

Advantages of GHO

One of the significant advantages of GHO is its integration within the Aave ecosystem, which is known for its robust lending and borrowing features. This integration enables users to easily leverage their GHO holdings within DeFi protocols, providing further utility. Moreover, as a decentralized currency, GHO offers users increased autonomy and security compared to traditional banking systems.

Additionally, the transparency of the protocol ensures that users can track collateralization ratios, enhancing trust in the coin's stability. Its backing by various crypto assets adds an element of security against market fluctuations, making GHO a more reliable alternative to volatile cryptocurrencies.

Drawbacks of GHO

Despite its advantages, GHO does come with certain drawbacks. The reliance on collateral means that if the value of the backing assets decreases significantly, there may be a risk to the stability of the GHO peg. Such dynamics can lead to confidence issues in a high-volatility market. Furthermore, as a relatively new player in the market, it may face stiff competition from established stablecoins like USDT and USDC.

Moreover, regulatory scrutiny surrounding stablecoins could also pose challenges for GHO's adoption and use cases. Market participants should remain vigilant regarding potential changes in regulations that may affect the DeFi landscape.

The Future Outlook for GHO

The future of GHO appears promising, given the growing interest in decentralized finance and stablecoins. As users increasingly seek alternatives to traditional banking, GHO's unique position within the Aave ecosystem may attract a larger user base. Its recent market cap of approximately $170 million signifies confidence among investors, while its circulating supply indicates a substantial demand within the market.

In the coming months, GHO could see further adoption and integration into various DeFi platforms, potentially increasing its utility and driving demand. Continuous updates and improvements to the underlying protocol will be essential for maintaining competitiveness in the quickly evolving crypto landscape.

In conclusion, GHO presents a fascinating opportunity within the DeFi space. With its strong foundation within the Aave ecosystem, potential for growth, and inherent benefits as a stablecoin, it is poised for attention from both retail and institutional investors. However, participants must weigh the advantages against the inherent risks associated with the market.

General Information
from price $1
Title GHO
Symbol gho
Whitepaper https://github.com/aave/gho-core/blob/main/techpaper/GHO_Technical_Paper.pdf
Website https://gho.xyz/
Community -
Last Updated 2025-03-12 23:59

Price Data
Current Price $ 0.999565 $
High 24h 0.999892 $
Low 24h 0.999234 $
Price Change 24h -6.8545707400336E-5 $
Price Change % 24h -0.00686 %

Market Data
Market Cap 203856722
Total Volume 17594938
Market Cap Change 24h 484079
Market Cap Change % 24h 0.23803 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 203946725.58019
Total Supply 203946725.58019
Max Supply -

Historical Data
All Time High (ATH) 1.03
ATH Change % -2.93778 %
ATH Date 2024-02-28 17:15
All Time Low (ATL) 0.917065
ATL Change % 8.99853 %
ATL Date 2023-10-24 04:41