A decentralized communications network is surging on the news that top US crypto exchange Coinbase will list its native token.
In an announcement, Coinbase says Sylo (SYLO) and four other Ethereum (ETH)-built tokens will start trading paired with Tether (USDT) once appropriate liquidity conditions are met.
According to the project website, Sylo’s priority is ensuring that people around the world are free to communicate with one another without the barriers associated with centralized systems. Its vision for Web 3.0 involves bringing communities together via the metaverse, non-fungible tokens (NFTs) and a wallet that facilitates user interaction.
The price of Sylo is surging, up by 22.48% over the last 24 hours to a value of $0.006195.
Also joining Coinbase is Metal (MTL), a protocol designed to bring crypto payments to the mainstream.
Metal is currently up 3.84% over the last 24 hours, trading for $1.47.
Next up is Gnosis (GNO), a protocol designed as a decentralized prediction market. Native token GNO is used for transferring value and validating transactions on the network.
Although Gnosis is currently down by over 6% on the day and trading for $147.17, it remains up 28.7% from a week ago.
Coinbase will add support for Gnosis (GNO), Metal (MTL), SwftCoin (SWFTC), Sylo (SYLO), and Arcblock (ABT) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. pic.twitter.com/f1c0UlkOIF
— Coinbase Assets (@CoinbaseAssets) July 20, 2022
Coinbase is also adding SWFTCOIN (SWFTC), a blockchain protocol incorporating machine learning and data analysis to facilitate efficient and low-cost cross-chain swaps between 300 crypto assets.
SWFTCOIN has gone vertical on the price charts over the past 24 hours, up by 25.2% from $0.002929 to a current value of $0.003669.
Last on the list of new Coinbase digital assets is Arcblock (ABT), a developer platform for decentralized applications (DApps) putting an emphasis on user-friendliness.
Arcblock has also witnessed some dramatic price swings since Monday, down 3.21% today but up 19.6% over the past week with a current asking price of $0.122.
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Featured Image: Shutterstock/agsandrew/INelson