About Platypus Finance
Trading Insights
Searched
1
Market Stats
Market Cap
£4.42K
FDV
£32.03K
Circ. Supply
41M PTP
Max Supply
300M PTP
Total Supply
300M PTP
Total Value Locked
£58.96K
Diluted Valuation
£31.72K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£3.75
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
£0.0418
Price Change (1Y)
-54.24%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The current price is £0.000106 per PTP with a 24-hour trading volume of £3.75. Currently, Platypus Finance is valued at 99.75% below its all time high of £0.0418. This all-time high was the highest price paid for Platypus Finance since its launch.
The current circulating supply of Platypus Finance is 41,436,585 PTP which means that Platypus Finance has as total market cap of £4,423.75.
Market details
PTP vs markets
↘ 71.95%
PTP vs BTC
↘ 73.96%
PTP vs ETH
↘ 58.3%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Avalanche C-Chain | 0x22d4002028f537599bE9f666d1c4Fa138522f9c8 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.000106 | 0.00% |
1 Day | £0.000107 | 0.00% |
1 Week | £0.000106 | ↗ 0.46% |
1 Month | £0.000084 | ↗ 26.30% |
1 Year | £0.000242 | ↘ 54.24% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
The Platypus Finance protocol is a one-way automated market maker (AMM) decentralized exchange (DEX) platform designed to trade stable cryptocurrencies on the Avalanche blockchain (ERC20 tokens). An AMM is a tool utilized to supply liquidity (token pool) in decentralized finance (DeFi) without the intervention of a third party to set the price of an asset.
The protocol aims to prioritize censorship resistance, security, self-custody, and maximum capital efficiency as a set of smart contracts. Platypus provides a single-token provision, where traders can purchase a single PTP token to seek to eliminate the risk of impermanent loss for liquidity providers. The feature also seeks to minimize the risk of slippage for traders, where market fluctuations occur more quickly.
According to the whitepaper, the fundamental principle behind Platypus's design is asset-liability management (ALM). Most DeFi protocols today do not include liability concepts. Using the concept of ALM, Platypus seeks to enable the native token to grow organically (as per its demand and supply in the crypto market). This design is referred to as "Extendable Liquidity Pool."
Platypus Finance uses PTP as its native token. When staking Platypus, it generates vePTP, the voting escrow token, which aims to increase the rewards of the token holders. vePTP can be generated by staked PTP. vePTP is not transferable or tradeable.
DeFi 2.0 protocol simplifies the narrative of the technology and seeks to provide users with critical benefits:
In the stablecoin pool, there are currently four tokens. Users can farm their governance token, PTP, once liquidity mining is live or share the 0.01% transaction fee collected from asset swaps in the future.
Apart from this, the composition or size of a liquidity pool compared to previous generations doesn't significantly affect the single-sided tokens, even in bulk. As a result, the project aims to ensure that adding or removing new tokens to the pool is done organically, seeking to secure 100% exposure to the single-asset pool.
Platypus has a maximum total supply of 300,000,000 PTP tokens.
We update our Platypus Finance to GBP currency in real-time. Get the live price of Platypus Finance on Coinbase.
The current market cap of Platypus Finance is £4.42K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Platypus Finance is £0.0418. This all-time high is highest price paid for Platypus Finance since it was launched.
Over the last 24 hours, the trading volume of Platypus Finance is £3.75.
Assets that have a similar market cap to Platypus Finance include FutureStarter, Bitball Treasure, Martkist, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Platypus Finance is 41 million.
Social stats
Popularity in posts
#4778
Contributors
12
Posts
16
% About Platypus Finance
0.001%
Hold times
0 days
X (Twitter)
8.57% bullish
Sentiment
5.0 ★
Highlights
12 unique individuals are talking about Platypus Finance and it is ranked #4,778 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Platypus Finance has an average sentiment score of 100 out of 5. Finally, Platypus Finance is becoming less newsworthy, with 0 news articles published about Platypus Finance.
On Twitter, people are mostly neutral about Platypus Finance. There were 8.57% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Platypus Finance. 91.43% of tweets were neutral about Platypus Finance. These sentiments are based on 16 tweets.
On Reddit, Platypus Finance was mentioned in 0 Reddit posts and there were 0 comments about Platypus Finance. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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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.