Pencil Protocol launches partner incentive program, Dapp gains 54% in 24 hours

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X2024/11/25 10:47

By:Pencil Protocol

On November 21, according to Pencil Protocol's official tweet, Pencil Protocol will provide full support and rewards to partners who join the project, thereby increasing the exposure and popularity of the project. Potential project categories include Ethereum, Layer 2, and multi-chain ecosystems. Participants can receive 5% of the maximum project fundraising amount as a reward.

The Dapp token briefly touched $0.23, with a 24-hour increase of 54%.

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In 2025, the stablecoin market shows strong signs of growth. Research indicates that the market cap of USD-pegged stablecoins has surged 46% year-over-year, with total trading volume reaching $27.6 trillion, surpassing the combined volume of Visa and Mastercard transactions in 2024. The average circulating supply is also up 28% from the previous year, reflecting sustained market demand. Once used primarily for crypto trading and DeFi collateral, stablecoins are now expanding into cross-border payments and real-world asset management, reinforcing their growing importance in the global financial system. More banks and enterprises are starting to issue their own stablecoins. Standard Chartered launched an HKD-backed stablecoin, and PayPal issued PYUSD. The CEO of Bank of America has expressed interest in launching a stablecoin once regulations permit (via CNBC). Fidelity is developing its own USD stablecoin, while JPMorgan Chase and Bank of America plan to follow suit when market conditions stabilize. Meanwhile, World Liberty Financial (backed by the Trump family) has introduced USD1, backed by assets such as government bonds and cash.

Bitget VIP•2025/04/25 06:05