DOLO (Dolomite) rose 12.74% in the last 24 hours

Gate News Bot news, on September 1st, according to CoinMarketCap, as of the time of writing, DOLO (Dolomite) is currently priced at 0.33 USD, having risen 12.74% in the last 24 hours, with a high of 0.37 USD and a low of 0.19 USD. The 24-hour trading volume reached 253 million USD. The current market capitalization is approximately 86.3 million USD, an increase of 9.76 million USD compared to yesterday.

Dolomite is the only lending platform that supports over 1000 unique assets. Users can lend and earn returns on this most comprehensive DeFi platform without losing their native rights in DeFi. Dolomite believes in the fundamental rights of DeFi users, and when users lend assets on Dolomite, they do not lose the utility of those assets, such as governance rights, yields, and staking rewards. Dolomite currently operates on Arbitrum, Mantle, Polygon zkEVM, and X Layer, which are optimized for high throughput and low gas fees while maintaining user security and composability.

Important recent news about DOLO:

1️⃣ Gate exchange adds trading pairs to enhance liquidity Gate exchange launched the DOLO/USDT trading pair at 18:00 on August 28, providing a new trading channel for DOLO. This move is expected to enhance the liquidity and market exposure of Dolomite, supporting a rise in price. The opening of the new trading pair directly promotes the growth of volume, driving a noticeable pump in DOLO's price in the short term.

2️⃣ Large-scale trading incentive program stimulates market demand The recently launched DOLO trading challenge has a total prize pool of up to 4 million DOLO tokens. This large-scale incentive program has attracted more traders to participate, significantly increasing short-term trading volume and buying demand. The ongoing nature of the incentive program is one of the important factors driving the continuous rise in DOLO prices, and it also explains why the 24-hour trading volume can reach a high level of 253 million USD.

3️⃣ Project team background enhances investor confidence The Dolomite project has personnel connections with World Liberty Financial, as its co-founder Corey Caplan also serves as the CTO of World Liberty Financial. This background information enhances investors' confidence in the strength of the project team, indirectly supporting the market performance of DOLO and helping to maintain the rise in price.

From a technical perspective, DOLO has shown significant volatility in the past 24 hours, with a price range between $0.19 and $0.37. The current price level of $0.33 demonstrates strong upward momentum, having surpassed previous highs, but investors still need to closely monitor the stability of subsequent trends.

This message is not intended as investment advice; investors should be aware of market volatility risks.