About Gelato
Gelato (GEL) is a cryptocurrency and operates on the Ethereum platform. Gelato has a current supply of 420,690,000 with 262,768,756.47964165 in circulation. The last known price of Gelato is 0.05085719 USD and is up 2.39 over the last 24 hours. It is currently trading on 51 active market(s) with $552,321.98 traded over the last 24 hours. More information can be found at
Market Stats
Market Cap
£10.46M
FDV
£16.75M
Circ. Supply
263M GEL
Max Supply
Not enough data
Total Supply
421M GEL
Diluted Valuation
£16.67M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£418.36K
30.72%
Volume (7D)
£3.88M
Volume (30D)
£16.10M
All time high
£2.97
Price Change (1Y)
-78.76%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of Gelato has decreased by 0.22% in the last hour and increased by 7.41% in the past 24 hours. Gelato’s price has also risen by 27.07% in the past week. The current price is £0.0397 per GEL with a 24-hour trading volume of £418.36K. Currently, Gelato is valued at 98.66% below its all time high of £2.97. This all-time high was the highest price paid for Gelato since its launch.
The current circulating supply of Gelato is 262,768,756.48 GEL which means that Gelato has as total market cap of £10,460,921.12.
Market details
GEL vs markets
↘ 86.99%
GEL vs BTC
↘ 88.65%
GEL vs ETH
↘ 78.73%
Tags
defi
mvb
rollups-as-a-service
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x15b7c0c907e4C6b9AdaAaabC300C08991D6CEA05 | |
Fantom | 0x15b7c0c907e4C6b9AdaAaabC300C08991D6CEA05 | |
Polygon | 0x15b7c0c907e4C6b9AdaAaabC300C08991D6CEA05 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0397 | ↗ 7.48% |
1 Day | £0.0371 | ↗ 7.41% |
1 Week | £0.0309 | ↗ 27.07% |
1 Month | £0.0534 | ↘ 26.50% |
1 Year | £0.19 | ↘ 78.76% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Gelato is a platform that aims to facilitate transaction execution at a set time. According to the whitepaper, the network operates as a decentralized automation protocol. The forum comprises smart contracts developed on Ethereum and executor infrastructure services to help users automate transactions. The platform aims to solve the lack of sophistication, reliability, and centralization around the DApps that seek to offer automated smart contract executions on a user’s behalf.
Automation is absent in decentralized finance (DeFi) applications running on public blockchains like Ethereum. This is due to the lack of automation within the Ethereum Virtual Machine, where programs run only for a few milliseconds at a time. Hence, the smart contract programs can only store two things: state and logic. Further, rather than an internal mechanism, autonomous transactions occur via external organizations that run specialized bots in the background. Another concern is the need for a decentralized and reliable network of bots, as relying on centralized parties to execute users’ transactions reduces the benefits of trustlessness and censorship resistance.
The Gelato platform therefore creates an underlying infrastructure that provides developers a robust decentralized network of bots that can be instructed to monitor the state of protocols off-chain and implement arbitrary transactions on their behalf, meeting the pre-specified conditions.
The network seeks to become the backbone of all automated smart contract execution on each smart contract platform, offering decentralization, developer friendliness, and reliability. The platform aims to offer certain features:
The platform’s whitepaper was released in September 2021. IThe token was launched on September 13, 2021.
Hilmar Orth and Luis Schliesske are the platform’s cofounders. They have also cofounded another blockchain startup that focused on facilitating companies in Europe in using smart contracts to find new business models. They later developed the Gelato platform to help them build automated DApps. They both are finance graduates and have worked with several startups.
Other core members of the team include Matthieu Marie Joseph, Ari Rodriguez, Yahya, Jun Gong, and Pedro Cruz.
We update our Gelato to GBP currency in real-time. Get the live price of Gelato on Coinbase.
The current market cap of Gelato is £10.46M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Gelato is £2.97. This all-time high is highest price paid for Gelato since it was launched.
Over the last 24 hours, the trading volume of Gelato is £418.36K.
Assets that have a similar market cap to Gelato include Fulcrom Finance, World of Dypians, Propchain, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Gelato is 263 million.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.