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Highlights
- Decentralised Information Asset (DIA) crypto is primarily an open-source oracle platform enabling market participants to share and supply to the users.
- As an open-source Web3 data and oracle platform, the multi-blockchain network will connect with multiple data sources, such as Defi market data and centralised APIs.
- As of 18 February, the DIA token was trading at US$1.34 with a trading volume of US$244,636,313 over a day. At the time of drafting, it was up by 34.18%.
The Decentralised Information Asset (DIA) crypto is primarily an open-source oracle platform, which enables market participants to share and supply of data to the users. As an open-source Web3 data and oracle platform, the multi-blockchain network will connect with multiple data sources, such as Defi market data and centralised APIs.
As a reliable bridge between off-chain data, DIA aims to build a variety of decentralised applications (DApps). Led by a powerful team of Paul Claudius, Michael Weber and Samuel Brack, the DIA crypto aims to become the Wikipedia of financial data.
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On Friday, the DIA crypto price was rallying by over 30% and a volume rally of over 3400%.
Why is DIA crypto rallying?
DIA crypto has been rallying following the announcement that the DIA crypto and CF Benchmarks will make a host of digital asset indices available for the broader crypto ecosystem. CF Benchmarks, which happens to be a UK FCA regulated crypto index, together with DIA oracle suite, will provide institutional-grade index data for the Web 3.0 platform.
With the partnership, DIA is expected to incorporate the CF Benchmarks’ reference rates in its data offering. To start with, the DIA will offer reference prices for native blockchains such as Ethereum and Solana. DIA, as a powerful smart-contract-readable data streams, allows the users to ingest and read data that are even outside of their ecosystems.
Also read: Shibnobi crypto (SHINJA): Can it build on current rally?
How is the DIA token faring?
As of 18 February, the DIA token was trading at US$1.34 with a trading volume of US$244,636,313 over a day. At the time of drafting, it was up by 34.18%. The 426th ranked token even saw a significant volume rally as it drew more investors onto its platform, and it was up by 3593.92%. The DIA crypto boasts a live market cap of US$81,620,077 and a total of 60,074,878 DIA coins in circulation.
The DIA crypto primarily targets the issues of dated or unverified data, especially in decentralised finance and aims to solve it using financial incentives to validate the data streams to the oracles up and running.
The DIA ecosystem provides the users with staking facility and voting rights, allowing them to make governance decisions. The token has been witnessing a rally following gains of 44.2% & 34% over the past 14 days and seven days, respectively, according to CoinGecko. The investors will be buoyed by the rally and would hope that the rally persists before the rally slows down.
