About Gelato
Gelato (GEL) is a cryptocurrency and operates on the Ethereum platform. Gelato has a current supply of 420,690,000 with 262,117,215.76784919 in circulation. The last known price of Gelato is 0.08388895 USD and is down -8.73 over the last 24 hours. It is currently trading on 50 active market(s) with $218,379.49 traded over the last 24 hours. More information can be found at
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Trading Insights
Searched
1
Market Stats
Market Cap
S$26.41M
0.71%
FDV
S$42.39M
Circ. Supply
262M GEL
Max Supply
421M GEL
Total Supply
421M GEL
Diluted Valuation
S$42.36M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
S$269.73K
-18.89%
Volume (7D)
S$2.50M
Volume (30D)
S$8.89M
All time high
S$5.14
Price Change (1Y)
-76.63%
Additional info about Gelato
Recent trends
The latest GEL price is S$0.10. Compared to Gelato's value of S$0.10 from 24 hours ago, there's been a 1% increase, while the current price is -12% down from S$0.12 which was recorded one week ago. Gelato's all time high is S$5.14, which was reached on November 26, 2021. This is a -98% change from its price today.
The current circulating supply of Gelato is 262,117,216. This is 62% of its max supply of 420,690,000 GEL and 62% of its total supply of 420,690,000. The market cap is currently S$26.41M, which is a result of multiplying the current price of Gelato(S$0.10) by the total supply(420,690,000 GEL). The fully diluted valuation of Gelato is S$42.39M. The diluted valuation of Gelato is S$42.39M.
Market details
GEL vs markets
↘ 82.32%
GEL vs BTC
↘ 84.6%
GEL vs ETH
↘ 65.61%
Tags
defi
mvb
rollups-as-a-service
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x15b7c0c907e4C6b9AdaAaabC300C08991D6CEA05 | |
Fantom | 0x15b7c0c907e4C6b9AdaAaabC300C08991D6CEA05 | |
Polygon | 0x15b7c0c907e4C6b9AdaAaabC300C08991D6CEA05 |
Price history
Time | Price | Change |
|---|---|---|
Today | S$0.10 | ↗ 0.81% |
1 Day | S$0.0981 | ↗ 0.81% |
1 Week | S$0.12 | ↘ 12.27% |
1 Month | S$0.0801 | ↗ 26.19% |
1 Year | S$0.45 | ↘ 76.63% |
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 SGD currency in real-time. Get the live price of Gelato on Coinbase.
The current market cap of Gelato is S$26.41M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Gelato is S$5.14. 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 S$269.73K.
Assets that have a similar market cap to Gelato include Utrust, Badger DAO, Brickken, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Gelato is 262 million.
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