DeFi project EverRise (RISE) soars on protocol upgrade – know details

Highlights

  • EverRise upgraded its protocol and launched Ethereum, BSC, and Polygon on Nov 29.

  • The token saw record highs over the last 30 days.

  • EverRise is a multi-chain token, a collateralized cryptocurrency that powers its dApps.

The EverRise (RISE) token traded 23.66% higher at 6:55 am ET on Friday.

It was priced at US$0.001291, and the 24-hour volume was US$$6.65 million, up 417.46%.

On Nov 29, 2021, EverRise upgraded its protocol. The same day, it launched three chains: Ethereum, BSC, and Polygon connected through EverBridge with one circulating supply.

EverRise is a blockchain security technology company.

EverRise is a multi-chain token, a collateralized cryptocurrency that powers its dApps.

The token is available for trading on different chains.

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EverRise (RISE) upgrades protocol, jumps 1432438.7% in the seven days.

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EverRise Performance

The company offers security solutions to companies working in the decentralized finance (DeFi) space. Its dApps provide security to DeFi assets and help access the broader market.

The token reached an all-time high of US$0.00189735 on Dec 3. It gained 2398325.7% in the last 30 days and 1432438.7% in the last seven days, according to coingecko.com. 

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The token is ranked 2909 based on the market cap.

It has a current market capitalization of US$77,389,922.

The circulating supply is 60.34 billion, and the maximum supply is 71,618,033,988.

The coin can be purchased from PancakeSwap, QuickSwap, UniSwap, and BKEX.

PancakeSwap is the most active exchange currently for the token, according to coingecko.com.

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Bottomline

In November, the Financial Action Task Force (FATF) has issued guidelines on increasing the financial accountability of DeFi operators, especially against money laundering. The rules clarify that the reporting burdens would not fall on the ancillary service providers like wallet manufacturers, software developers, miners, etc. The US regulators said that entities responsible for user funds would be responsible for reporting.

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