What is Telos (TLOS) crypto? know price and performance

Highlights:

• The TLOS token trades on several crypto exchanges like Bitget, KuCoin, etc.
• The Telos network’s block time is 0.5 seconds.
• It returned over 12% gains in the last 12 months.

The Telos crypto traded in the green early Tuesday before reversing its course into the negative territory. It gained significant traction among social media users in recent days. But before we discuss its price and performance, let's understand first what Telos is.

What is Telos (TLOS) crypto?

Telos claims it is built for speed and scalability. It is a high-performing layer-1 network or the foundation for the fastest Ethereum Virtual Machine (EVM).

Telos’ non-fungible tokens and smart contracts are used in decentralized finance (DeFi), gaming, social media applications, etc. The Telos network is home to over 100 decentralized applications (DApps), including Qubicles, Wordproof, Zeptagram, and Appics.

The network offers a block time speed of 0.5 seconds, with over 10,000 transactions per second. Besides, these Apps enjoy Telos’ strong on-chain solutions for voting, decentralized file storage, etc. It also claims to have the most high-performing EVM available. It is the only blockchain supporting two leading standards - EVM and EOSIO - for developing smart contracts.

The TLOS token trades on several crypto exchanges like Bitget, MEXC, KuCoin, etc.

Data Source: CoinMarketCap.com

Price and performance:

The TLOS token was priced at US$0.1716 at 9:40 am ET on July 5, down by 0.88%, while its one-day volume declined 1.41% to US$2.57 million. It has a market cap of US$46.33 million, and its fully-diluted market cap is US$60.92 million.

The token has a total and maximum supply of over 355.20 million, and its current circulating supply is more than 270.12 million. Even though its price has declined this year, it returned gains of over 12% in the last 12 months.

The TLOS crypto saw the highest price of US$0.2775 and the lowest price of US$0.1702 in the last 30 days.

Bottom line:

The crypto market hasn’t been immune to the global financial market turmoil. The crypto market shed 0.73% to US$879.16 billion at 9:45 am ET on Tuesday, while its volume soared 35.25% to US$61.45 billion in the trailing 24 hours. However, investors should exercise due diligence before spending on digital currencies as it carries several risks.

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