- PUFFER price skyrocketed to the moon, noting a sharp rise of over 110% this week.
- Amidst rising market speculation, the token’s market cap surged to $62.09 Million.
- The claim portal launch creates engagement among community members and staking opportunities.
PUFFER is the native governance token of Puffer Finance. The token has experienced a massive price surge following its claims portal launch. Over the last seven days, the Puffer Finance price noted a triple-digit surge of over 120%, trading at $0.6508 at press time.
Fueled by the growing market interest, the PUFFER token price gained massive speculation and skyrocketed to the moon. Also, a sharp volume buying and follow-on price surge was noted after the claims portal launch.
Puffer Finance Price At Press Time
Among recent developments, the Puffer Finance price noted a gigantic rise. It skyrocketed more than 10%, reaching $0.6508 at press time. Its market cap rose to $62.09 Million, and the altcoin was ranked 516th in the market cap.
Furthermore, the PUFFER token had a circulating supply of $102.31 Million and a volume-to-market cap ratio of 4.62. During the intraday hours, the altcoin hit an ATH mark of $0.909 and retraced over 34% to $0.6066 at press time.
PUFFER’s Fully Diluted Valuation (FDV) was around $614.60 Million, representing the asset’s growth rate.
PUFFER Token Ecosystem Expansion: New Staking Opportunities
Following the launch, the Puffer finance community has engaged more with the project than ever. Through the portal, users are enabled to stake PUFFER tokens.
This new feature incorporates community participation and allows individuals to come and seek opportunities in the ecosystem. The PUFFER staking service enables holders to stake or utilize PUFFER in the governance or the staking protocol.
The new approach provides things within projects where the holders would get a chance to earn even more. It is added to the asset’s re-staking services and is expected to support various operationally active services.
Its inclusion in PUFFER token’s liquid restaking technology enhances yield generation. That lets holders be part of the governance that controls the rewards for the protocol’s treasury.
PUFFER Token’s Listing among Exchanges
At the moment, several CEXs list PUFFER tokens. However, Bitget is the one that records high trading volume. Some other trading platforms are Gate.io, KuCoin, and HashKey Global.
Secondly, the PUFFER token currently only has USDT, a stablecoin, as its trading partner. This partnership enhances market liquidity because investors will have easier access to the market.
More trading pairs will still be added as the token is relatively new and expanding. Puffer Finance’s liquid restaking service on Ethereum ranks it among the highest TVL protocols. The list also includes Ether.Fi and EigenLayer are in the same pool.
Per the DeFiLlama, Puffer has a Total Value Locked (TVL) of $1.397 Billion. The Puffer finance price was trading in uncharted territory and could continue to generate upward thrust. It may cross its daily high mark of $0.909 shortly and would continue to outperform ahead.
Disclaimer
Investing in crypto assets involves a high degree of risk. Crypto owners can lose their entire investment due to inherent risks. Past performance is not indicative of future results. Make sure to conduct your own research before investing in cryptocurrencies.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.