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
1
Searched
1
Market Stats
Market Cap
$9.59M
0.9%
FDV
$20.59M
Circ. Supply
10K KING
Max Supply
22K KING
Total Supply
21K KING
Diluted Valuation
$20.73M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$51.67K
-58.52%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$3.39K
Price Change (1Y)
-49.02%
Additional info about King Protocol
Recent trends
The latest KING price is $956.45. Compared to King Protocol's value of $941.89 from 24 hours ago, there's been a 2% increase, while the current price is -7% down from $1,032.70 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 -72% change from its price today.
The current circulating supply of King Protocol is 10,022. This is 47% of its max supply of 21,525 KING and 47% of its total supply of 21,180. The market cap is currently $9.59M, which is a result of multiplying the current price of King Protocol($956.45) by the total supply(21,180 KING). The fully diluted valuation of King Protocol is $20.59M. The diluted valuation of King Protocol is $20.59M.
Market details
KING vs markets
↘ 60.41%
KING vs BTC
↘ 66.62%
KING vs ETH
↘ 25.64%
Tags
defi
restaking
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8F08B70456eb22f6109F57b8fafE862ED28E6040 | |
Arbitrum | 0x2e412435928EFE43b156Caa8F4B1068729fEE275 | |
Base | 0xE22C243c7559C667a1EB94B593369D192c5fbac0 |
Price history
Time | Price | Change |
|---|---|---|
Today | $956.45 | ↗ 1.56% |
1 Day | $941.89 | ↗ 1.55% |
1 Week | $1,032.70 | ↘ 7.38% |
1 Month | $504.15 | ↗ 89.73% |
1 Year | $1,876.29 | ↘ 49.02% |
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 $9.59M. 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 $51.67K.
Assets that have a similar market cap to King Protocol include Osmosis allBTC, Wrapped XDC, bemo staked TON, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of King Protocol is 10 thousand.
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King Protocol calculator
1 King Protocol (KING) to Japanese Yen (JPY)
¥138,556.20
1 King Protocol (KING) to Real (BRL)
R$5,318.14
1 King Protocol (KING) to Nigerian Naira (NGN)
NGN 1,490,640.86
1 King Protocol (KING) to South Korean Won (KRW)
₩1,300,849.28
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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.
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