SLAY (SatLayer) rose 10.58% in the last 24 hours.

Gate News Bot news, on September 8th, according to CoinMarketCap data, SLAY (SatLayer) is currently priced at 0.03 USD, having pumped 10.58% in the last 24 hours, reaching a high of 0.03 USD and a low of 0.02 USD. The current market capitalization is approximately 13 million USD, which is an increase of 1.25 million USD compared to yesterday.

SatLayer is the economic layer of Bitcoin, allowing the best assets to be fully programmable now. SatLayer transforms Bitcoin into a new gold standard, on which a new financial order is built, applicable not only to DeFi, physical assets, and institutions but also capable of transcending these areas. The project currently has a total locked value of $231 million, with 2,082 Bitcoins having been re-staked.

Important news about SLAY recently:

1️⃣ Total locked value continues to rise The total value locked (TVL) of the SatLayer project has reached $231 million, demonstrating investors' continued confidence in the project. With the increase in locked value, the scarcity and value potential of the SLAY token are also enhanced, which may be one of the important factors driving its price rise.

2️⃣ Bitcoin re-staking volume rises A total of 2082 Bitcoins have been re-staked on the SatLayer platform, indicating that the project's influence within the Bitcoin ecosystem is expanding. This not only increases the liquidity and use cases of SatLayer but also creates more demand for the SLAY token, thereby supporting its price performance.

3️⃣ Expansion of DeFi Ecosystem SatLayer is transforming Bitcoin into the foundation of a new financial order, applicable not only to DeFi, physical assets, and institutions, but potentially extending to a broader range of fields. The expansion of this ecosystem provides more application scenarios and value capture opportunities for the SLAY token, which could be a long-term driver of its market performance.

From a technical perspective, the price of SLAY has broken through the 0.03 USD mark, showing strong rising momentum. However, considering the high volatility of the cryptocurrency market, investors still need to closely monitor market changes and project developments.

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