Gate News Bot news, July 18, according to CoinMarketCap data, as of the time of writing, KWENTA (Kwenta) is currently priced at $16.43, having risen 53.67% in the last 24 hours, reaching a high of $24.73 and a low of $9.70, with a 24-hour trading volume of $151,100. The current market capitalization is approximately $7.1 million, an increase of $2.48 million compared to yesterday.
Recent important news about KWENTA:
1️⃣ Kwenta partners with Perennial to expand the Arbitrum ecosystem
Kwenta and Perennial are collaborating to launch an expansion plan for the Arbitrum ecosystem, jointly securing support of 19 million ARB tokens. This strategic partnership not only brings substantial financial support to Kwenta but is also expected to drive its business development on the Arbitrum network, expanding its user base and application scenarios.
2️⃣ Synthetix and Kwenta Launch V3 Perpetual Contracts
Synthetix has launched the V3 version of its perpetual contract product in collaboration with Kwenta, now live on the Arbitrum network. This new version of the perpetual contract may provide users with an optimized trading experience and richer features, helping to enhance Kwenta’s competitiveness in the derivatives trading market.
3️⃣ Kwenta is considering integrating GMX and Gains Network
Kwenta is evaluating a proposal to integrate GMX and Gains Network into its perpetual contract market. This potential integration plan demonstrates Kwenta’s commitment to expanding its ecosystem and enhancing product diversity, which may attract more users and liquidity.
The recent positive actions of Kwenta, particularly its efforts in expanding the Arbitrum ecosystem and product innovation, may be the main factors driving its price significantly up. These initiatives are expected to enhance Kwenta’s competitiveness in the DeFi space and may lead to more user participation and volume. However, investors should remain cautious of the high volatility in the cryptocurrency market.
This message is not intended as investment advice; investors should be aware of market volatility risks.
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