NET Market Cap Surpasses $70 Million, Reaching an All-Time High

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BlockBeats News, August 26th, according to GMGN market data, the market value of Robinhood's on-chain DeFi protocol NetNet Capital's token NET briefly exceeded $70 million, reaching a new all-time high. It is currently trading at $66.48 million, with a 24-hour growth rate of 100.5%.

NET is a concept coin of OHM (OlympusDAO), and the protocol architecture is inspired by OlympusDAO v1, using USDG held in the treasury to provide value support for NET. The smart contract stipulates that each NET is backed by a risk-free value (RFV) of at least 1 USDG; if the minting volume exceeds the RFV held by the treasury, the transaction will automatically revert.

In addition, the OHM concept coin DTF (Down to Finance) has a reported market value of about $5.99 million, with a 24-hour growth rate of 107%.

ソース：BlockBeats

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