Carbon Protocol price is $0.00180515
| Market Rank | #2467 |
|---|---|
| Market Cap | $ 3.1M |
| Volume 24h | $ 63.0K |
| Circ. Supply | 1.7B |
| Total Supply | 2.2B |
| Max Supply | 2.2B |
As of the most recent data available, the current price of Carbon Protocol (SWTH) stands at $ 0.00180515.
Carbon Protocol, symbolized as SWTH, is a revolutionary decentralized layer 2 trading protocol that is specially designed to facilitate the trading of sophisticated and advanced financial instruments such as options, bonds, and futures across different blockchain networks. The aim is to support these kinds of financial instruments at a larger scale while ensuring utmost efficiency and security. Utilizing the power of decentralization and blockchain technology, Carbon Protocol aims to revolutionize the way that financial instruments are traded.
The Carbon Protocol is built on the Switcheo Network, which is a well-known name in the realm of decentralized finance. Unfortunately, the specific details regarding the founders or the team behind the Carbon Protocol are not provided. It is advisable to visit their official website switcheo.network to gather more information about the people responsible for this groundbreaking protocol.
Carbon Protocol operates by utilizing the advanced features of the Layer 2 protocol to facilitate effective cross-chain trading of financial instruments. By utilizing this decentralized framework, it enables direct peer-to-peer trading of said instruments without the need for intermediaries, thus simplifying the trading process and ensuring efficient execution of trades.
What sets Carbon Protocol apart is its unique focus on supporting refined and sophisticated financial instruments such as options, bonds, and futures. While many other protocols focus on facilitating simplistic trades, Carbon Protocol steps it up by providing a platform for advanced financial trading at scale, with exceptional efficiency and security, all thanks to its implementation of layer 2 and cross-chain functionalities.
As of the latest available data, Carbon Protocol ranks as #2468 in terms of market capitalization, boasting a value of $ 3.1M.
The circulating supply of Carbon Protocol (SWTH) stands at 1.7B, out of a total supply of 2.2B.
Buying Carbon Protocol (SWTH) can be done on the following exchanges: Gate.io. These exchanges have been confirmed to list Carbon Protocol (SWTH), and it is advised to trade on these platforms. However, please remember to conduct adequate research before performing any cryptocurrency transactions.
As Carbon Protocol (SWTH) is a layer 2 trading protocol and not a base-layer cryptocurrency, it cannot be mined in the traditional sense that base-layer cryptocurrencies such as Bitcoin and Ethereum are mined.
Carbon Protocol notably uses layer 2 protocol technologies, enabling faster and more efficient trades across various blockchain networks. It specifically offers a platform for advanced financial instruments to be traded on a larger scale. The utilization of this technology helps traders avoid the slowness and inefficiencies that otherwise plague blockchain-based trades.
Over the last 24 hours, the price of Carbon Protocol (SWTH) has decreased by approximately -2.25%.
The 24-hour trading volume of Carbon Protocol has been reported as 63.0K. Considering this volume, it appears that Carbon Protocol is adequately liquid, facilitating trades in a smooth manner.
Unfortunately, it's out of scope to provide direct advice on whether Carbon Protocol or any other crypto asset is a good investment. It is essential to do thorough research and possibly consult a financial advisor before making any investment decisions concerning cryptocurrencies.
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