NIL (Nillion) has pumped 18.76% in the last 24 hours.

Gate News Bot news, on November 17, according to CoinMarketCap, as of the time of writing, NIL (Nillion) is currently priced at $0.23, with a rise of 18.76% in the last 24 hours, peaking at $0.24 and dipping to a low of $0.16. The current market capitalization is approximately $63.6 million, an increase of about $10 million from yesterday, currently ranked 387th.

Important news about NIL recently:

1️⃣ Nillion announces migration to Ethereum network The Nillion team has announced plans to gradually migrate to the Ethereum network. This strategic decision aims to expand the ecosystem of the NIL token and enhance its availability on mainstream blockchain platforms.

2️⃣ NIL token contract upgraded to ERC-20 standard As part of the migration plan, Nillion will adopt a new ERC-20 token contract to replace the original NilChain network token. This upgrade will make NIL easier to integrate into various DeFi applications and services within the Ethereum ecosystem.

3️⃣ Cross-chain bridge function is coming soon Nillion plans to launch a cross-chain bridge to the Ethereum mainnet in February 2026. This will allow users to seamlessly migrate NIL tokens from the Cosmos network to Ethereum, providing holders with greater liquidity and use cases.

In addition, the Nillion team revealed plans to deploy Layer 2 solutions on Ethereum, aimed at providing more efficient staking functions and on-chain coordination mechanisms. These initiatives are expected to further enhance the technical foundation and market appeal of NIL, which could be an important factor driving the recent price rise.

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