Why is Marlin (POND) crypto gaining attention?

The Marlin (POND) crypto gained traction on June 17 as its price rallied over 24%. Its trading volume increased by more than 92% in the last 24 hours to Friday morning.

Let’s discuss more on the POND crypto.

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What is Marlin (POND) crypto?

Marlin is an open protocol offering a programmable network infrastructure for higher efficiency of DeFi and Web 3 operations. Marlin nodes, called Metanodes, manage the MarlinVM.

MarlinVM provides a virtual router interface to developers deploying customized overlays and performing edge computations. Many overlays can be created through MarlinVM, including low-latency block multicast for scaling blockchains, anonymous networks like mixnets, etc.

Also Read: Is Solar (SXP) crypto rising on Kraken listing news?

POND is the native utility token of Marlin. It is available for trading on exchanges like Binance, MEXC, KuCoin, etc. The token has several uses like running validator nodes through staking and voting on governance proposals, etc.

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The POND crypto gained attention after Binance Custody announced to facilitate deposits and withdrawals for the token, besides tokens like Metal (MTL), Venus (XVS), etc., on June 1. In addition, Coinbase said the POND token would start trading on Coinbase Pro paired with Tether (USDT) after it meets the required liquidity conditions.

Also Read: Blockchain bridge-maker ICON (ICX) crypto soars after KuCoin listing

Data Source: CoinMarketCap.com

Bottom line:

The POND token was priced at US$0.01198 at 10:18 am ET on June 17, up 24.03%, while its volume for the last 24 hours increased by more than 92.95% to US$33.43 million. It has a market cap of US$46.78 million, and its fully-diluted market cap is US$119.75 million.

The token has a maximum supply of 10 billion, a total supply of 5.03 billion, and its current circulating supply is around 3.91 billion. It returned gains of 4.54% in the last seven days while increasing 34.83% in the last 30 days. The POND crypto saw the highest price of US$0.01399 and the lowest price of US$0.007238 in the last 30 days.

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