Market Analysis

ALLY Hits 1K+ ETH Daily Trades, Reaches $10M Cap

Author : Velagala Kumar Reddy

The cryptocurrency landscape has witnessed a remarkable achievement with the launch of the ALLY Marketplace. According to a recent Binance news report, the platform has already garnered a daily trading volume exceeding 1000 Ethereum (ETH), coupled with an impressive market value of over $10 million.

This remarkable feat marks ALLY Marketplace as the first EVM inscription to exclusively support minting through the account abstraction protocol. ALLY’s operations are fully integrated with Particle Network’s comprehensive full-chain account abstraction protocol, showcasing a unique approach in the crypto sector.

The marketplace’s growth is evident in its on-chain statistics. The number of on-chain addresses associated with ALLY has surpassed 120,000, indicating a strong and growing user base. Moreover, the total gas consumption for these inscriptions is nearing a staggering $3 million, underlining the high level of activity and engagement within the platform.

DisclaimerPlease note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.