Aztec (AZTEC), the native utility and governance token of Aztec Community, a hybrid public-private Ethereum layer 2 protocol, shot up over 80% as we speak after Upbit and Bithumb, South Korea’s two dominant digital asset exchanges, listed the token.
The twin debut unleashed a wave of Korean won-denominated shopping for, pushing the token from $0.019 to $0.037 and lifting its market capitalization to roughly $100 million from $57 million earlier than the announcement.
AZTEC is now buying and selling at $0.033, up 73% within the final 24 hours, CoinGecko information reveals.
Buying and selling quantity additionally ballooned as retail traders piled in, a sample per the so-called kimchi premium that often inflates costs on Korean platforms.
Aztec Community is a zero-knowledge sensible contract platform that permits builders to construct functions with built-in privateness. The venture goals to unravel default transparency, one among Ethereum’s largest limitations, by letting customers maintain balances, transactions, and sensible contract logic confidential with out sacrificing safety or decentralization.
The AZTEC token era occasion came about on February 12 and has seen fast growth throughout main world exchanges, resembling Coinbase, Kraken, Bybit, and KuCoin.
AZTEC powers the Aztec Community ecosystem, serving because the spine for staking, governance, and future transaction charges.
