Seychelles, Seychelles, December 11th, 2024, Chainwire
Supra, the first vertically integrated Layer-1 blockchain, has officially launched its mainnet and initiated its Token Generation Event (TGE). Its blockchain is integrated with features such as MultiVM support, native oracles, on-chain randomness, cross-chain communication, and automation. On December 11, 2024, the SUPRA token from this TGE is set to go live on the BYDFi. Over the week, $SUPRA has seen a significant 304.30% increase in price, reflecting growing interest in its innovative blockchain.
$SUPRA: Building the Next-Gen Blockchain Ecosystem
$SUPRA is the native token powering Supra, a revolutionary Layer-1 blockchain platform introducing frictionless development for creating Super dApps. The mainnet of Supra boasts a 500,000 TPS throughput, sub-second finality, and essential tools such as MultiVM, native oracles, and on-chain randomness. These features are what allow developers to bridge blockchain applications with real-world applications. Its flexible and integrated ecosystem empowers developers to innovate, enabling the realization of truly transformative decentralized technologies.
“Supra’s mainnet launch and TGE is more than just a technical feat, it’s the culmination of years of dedicated work from our engineers, developers, researchers, and business teams, who all share a commitment to building next-generation blockchain infrastructure,” said Joshua Tobkin, CEO and Co-Founder of Supra. “With our high-performance network delivering 500k TPS and our MultiVM support, native oracle, VRF, and automation services, Supra is creating an all-encompassing environment for Super dApps. We’re thrilled to take this significant step forward, providing builders with the performance and flexibility they need to launch disruptive and innovative decentralized applications.”
The event Supra’s Spacefest last month allowed 23,100 Web3 enthusiasts to view its advanced technology, including notable participants from Aptos Labs, SUI, and Cyber Capital.
Market Performance: $SUPRA Shows Strong Growth
According to Coingecko, the price of $SUPRA jumped by 304.30% during the past week, a notable contrast compared to others that are regarded as Layer-1 blockchain tokens, posting an average increase of about 1.30% in price within that period. Key statistics include:
- 7-day price gain: 304.30%
- Price high: $0.073, up 655.06% from its all-time low.
- 24-hour trading volume: $631.7 million, up 40.70% from the previous day.
- Market cap: $440 million, with a fully diluted valuation of $1.08 billion.
Only 6 billion of the 100 billion $SUPRA tokens are currently in circulation. With the nature of Supra’s transparent and progressive supply program, not to mention all the innovative Eco-system that will be built on the Supra platform is supported by its token, the price discovery likely has a chance to change in order to further fuel this growth.
BYDFi: Developing Horizons with Multi-sector Tokens
The release of the $SUPRA can reflect volumes about BYDFi-to-capture-the-trend innovative and precise asset selection. Following the listing of $SUPRA, BYDFi gradually adds PHB, GIGA, SKI, M3M3, TOSHI, and XION, among other tokens. These cut across a wide array of industries that range from blockchain technology, social networks, and sports entertainment to meme economies. BYDFi follows the development of its asset portfolio closely and brings more high-value tokens to its trading users. Users can refer to the BYDFi website for more information.
About BYDFi
BYDFi, established in 2020, is recognized as one of the top 10 crypto exchanges globally by Forbes. The platform grants access to more than 600 cryptocurrencies for spot trading and leveraged trading options of up to 200x. It boasts partnerships with leading payment providers such as Banxa, Transak, and Mercuryo, among others, which make buying cryptocurrencies really at the lowest possible cost with more convenience.
BYDFi will soon introduce a “BYDFi Copy Trading“ feature that will let users copy professional traders with ease. It will enable even beginners and busy investors to invest in the market with ease. BYDFi is committed to delivering a world-class crypto trading experience. BUIDL Your Dream Finance
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Chloe
BYDFi Fintech LTD
chloe@bydfi.com
