Aztec (AZTEC), the native utility and governance token of Aztec Community, a hybrid public-private Ethereum layer 2 protocol, shot up over 80% right this moment after Upbit and Bithumb, South Korea’s two dominant digital asset exchanges, listed the token.
The twin debut unleashed a wave of Korean won-denominated shopping for, pushing the token from $0.019 to $0.037 and lifting its market capitalization to roughly $100 million from $57 million earlier than the announcement.
AZTEC is now buying and selling at $0.033, up 73% within the final 24 hours, CoinGecko information reveals.
Buying and selling quantity additionally ballooned as retail buyers piled in, a sample according to the so-called kimchi premium that regularly inflates costs on Korean platforms.
Aztec Community is a zero-knowledge sensible contract platform that allows builders to construct functions with built-in privateness. The mission goals to resolve default transparency, one in every of Ethereum’s largest limitations, by letting customers maintain balances, transactions, and sensible contract logic confidential with out sacrificing safety or decentralization.
The AZTEC token era occasion happened on February 12 and has seen fast growth throughout main world exchanges, resembling Coinbase, Kraken, Bybit, and KuCoin.
AZTEC powers the Aztec Community ecosystem, serving because the spine for staking, governance, and future transaction charges.
