Lisk (LSK) crypto surges 25% in 1 day: What are its SDK & NFT services?

April 22, 2022 06:46 PM AEST | By Ankit Sethi
Follow us on Google News:


  • While Ethereum and Solana are blockchain networks, Lisk brings in JavaScript as a differential
  • The project is claiming it can support blockchain apps, NFT marketplace and DAOs
  • Lisk token has gained, with trading volume up over 3,000 per cent, but the future trajectory is difficult to acertain

The cryptocurrency space is very broad, with CoinMarketCap now tracking over 19,000 crypto assets. Though there are some major categories like meme tokens, metaverse and DeFi, any particular project can fall under more than one category or not fall under any.

Ethereum, and its so-called 'killers' like Solana and Cardano, can be categorized as projects providing a service to developers that helps build smart contracts and apps on the blockchain.

Notably, a relatively lesser-known cryptocurrency project seems to have worked with this model differently.

Lisk claims it is a software development kit (SDK) provider that bridges the gap between JavaScript and blockchain.

Let’s find out more about Lisk services.

What are Lisk SDK, NFT, and LNS?

The primary offering of the Lisk project appears to be SDK support to developers for building blockchain applications using the widely popular language, JavaScript.

Lisk claims its SDK service is open source and free, with support to developers to connect multiple blockchain apps built using Lisk.

On its website, the Lisk project also mentions non-fungible token (NFT) support. Another offering is a recovery system, SRS, which it claims may help in recovering inaccessible tokens.

Similar to DNS or Domain Name System, the project has Lisk Name Service. The project is running a grant program to identify and support blockchain apps using Lisk’s SDK services.

An NFT marketplace called Enevti, and a DAO platform called Kalipo are said to have used Lisk SDK.

Also read: Dogelon Mars rises: Are Binance listing talks fueling ELON token surge?

What is LSK crypto?

Lisk project has a native LSK token, which is said to be listed on Binance, Huobi and other exchanges.

According to CoinMarketCap, where LSK features among the top 200 assets, the market cap of Lisk crypto was over US$360 million as of writing.

The trading volume of Lisk crypto had surged more than 3,000 per cent in a 24-hour period, which led to a nearly 25 per cent rise in per token price.

Also read: MDT crypto rises: What is Measurable Data Token ecosystem?

As of writing, Lisk token, LSK, traded at nearly US$2.8. The recent upswing turned LSK token’s year-to-date (YTD) positive, as against negative YTD of BTC, ETH and many other major crypto assets.

That said, after starting 2022 at a price of nearly US$2.3, Lisk token plunged to under US$1.5 by late February. This volatility in LSK's price makes the token price prediction challenging.

Lisk token price

Data provided by

Bottom line

Lisk claims to be providing JavaScript support to developers wanting to build on blockchain. A few apps like Enevti and Kalipo have used Lisk SDK, but how Lisk competes with networks like Ethereum, and Solana is a wait-and-watch game. Lisk token, LSK, is among 200 cryptos by market cap, which is a big deal considering over 19,000 cryptos tracked by CoinMarketCap. Price of LSK crypto has gained recently, but it has shown volatility over the past few months.

Also read: GMT token rises: How does STEPN differ from other metaverses?

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Top TSX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK