The Pandora mission token (PANDORA) is exhibiting speedy progress amid the hype round ERC-404 tokens.
Based on CoinMarketCap information, PANDORA has risen by 30% over the previous 24 hours to $32,800 on the time of writing. Buying and selling volumes for tokens present explosive progress and surpass the $100 million mark.
On the identical time, the token price exceeded $32,000 every week after launch. Amid the thrill across the new format, lower than every week after its creation, ERC-404 buying and selling quantity on decentralized exchanges (DEXs) and non-fungible token (NFT) platforms exceeded $210 million, based on Dune.
Cryptocurrency trade Binance has additionally added ERC-404 assist to its Web3 Pockets. This improvement got here after Binance added 19 new apps to its Web3 Pockets.
Cryptocurrency trade OKX additionally acknowledged that ERC-404 tokens are already obtainable on the Web3 platform.
Pandora is the primary token issued primarily based on the experimental ERC-404 commonplace. It’s a combined implementation of ERC-20/ERC-721, the place an NFT mechanically seems within the pockets after buy. The brand new commonplace tokens are additionally designed to extend liquidity. As a substitute of itemizing NFTs on the market on any market, holders can promote them on DEXs.