About King Protocol
Restaking protocols can distribute rewards in any ERC-20 token. However, users typically receive fractional amounts of these rewards, making them inconvenient to claim or trade. This situation can lead to a frustrating user experience, with poor returns for restakers, low token utilization, and increased selling pressure on reward tokens. King Protocol (formerly known as LRT²) offers a solution through a unified restaking reward. KING represents a share of a vault full of restaking rewards. LRTs deposit restaking rewards into the vault and then mint and distribute KING to their restakers. This streamlined system significantly reduces transaction costs and improves the efficiency of restaking reward distribution. It is particularly beneficial for small stakers, who might otherwise find managing and trading fractional rewards challenging. For larger stakeholders, the ability to redeem or arbitrage the vault share tokens creates an active market, helping to stabilize the King token price and drive liquidity.
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Trading Insights
Traders
21
Searched
1
Market Stats
Market Cap
$11.41M
-4.16%
FDV
$22.03M
Circ. Supply
11K KING
Max Supply
22K KING
Total Supply
11K KING
Diluted Valuation
$12.29M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$65.59K
-61.91%
Volume (7D)
$472.76K
Volume (30D)
$2.08M
All time high
$3.39K
Price Change (1Y)
-45.47%
Additional details
Market details
KING vs markets
↘ 66.91%
KING vs BTC
↘ 70.29%
KING vs ETH
↘ 51.37%
Tags
defi
restaking
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8F08B70456eb22f6109F57b8fafE862ED28E6040 | |
Arbitrum | 0x2e412435928EFE43b156Caa8F4B1068729fEE275 | |
Base | 0xE22C243c7559C667a1EB94B593369D192c5fbac0 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1,022.61 | ↘ 4.19% |
1 Day | $1,066.82 | ↘ 4.19% |
1 Week | $975.03 | ↗ 4.93% |
1 Month | $666.33 | ↗ 53.54% |
1 Year | $1,876.29 | ↘ 45.47% |
Coinbase insights
Recent trends
The latest KING price is $1,022.61. Compared to King Protocol's value of $1,066.82 from 24 hours ago, there's been a -4% decrease, while the current price is 5% up from $975.03 which was recorded one week ago. King Protocol's all time high is $3,388.99, which was reached on December 16, 2024. This is a -70% change from its price today.
The current circulating supply of King Protocol is 11,151. This is 52% of its max supply of 21,525 KING and 100% of its total supply of 11,151. The market cap is currently $11.41M, which is a result of multiplying the current price of King Protocol($1,022.61) by the total supply(11,151 KING). The fully diluted valuation of King Protocol is $22.03M. The diluted valuation of King Protocol is $22.03M.
FAQ
We update our King Protocol to USD currency in real-time. Get the live price of King Protocol on Coinbase.
The current market cap of King Protocol is $11.41M. A high market cap implies that the asset is highly valued by the market.
The all-time high of King Protocol is $3,388.99. This all-time high is highest price paid for King Protocol since it was launched.
Over the last 24 hours, the trading volume of King Protocol is $65.59K.
Assets that have a similar market cap to King Protocol include Wrapped XDC, Wrapped Mantle, Lido for Solana, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of King Protocol is 11 thousand.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#4301
Contributors
10
Posts
14
% About King Protocol
0.001%
Hold times
0 days
X (Twitter)
14.94% bullish
Sentiment
2.3 ★
Highlights
10 unique individuals are talking about King Protocol and it is ranked #4,301 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, King Protocol has an average sentiment score of 45 out of 5. Finally, King Protocol is becoming less newsworthy, with 0 news articles published about King Protocol.
On Twitter, people are mostly bullish about King Protocol. There were 100% of tweets with bullish sentiment compared to 569.23% of tweets with a bearish sentiment about King Protocol. 0% of tweets were neutral about King Protocol. These sentiments are based on 7 tweets.
On Reddit, King Protocol was mentioned in 6 Reddit posts and there were 7 comments about King Protocol. 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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King Protocol calculator
1 King Protocol (KING) to Japanese Yen (JPY)
¥149,987.59
1 King Protocol (KING) to Real (BRL)
R$5,690.99
1 King Protocol (KING) to Nigerian Naira (NGN)
NGN 1,566,113.69
1 King Protocol (KING) to South Korean Won (KRW)
₩1,413,040.68
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Legal
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.