Key Points
- L7 (LSD) token surged by about 90% in the past 24 hours, trading at $3.34 on CoinMarketCap.
- L7 is a Web3-based decentralized digital asset management protocol.
Even though the crypto market has been seeing increased volatility during the past few days, some tokens managed to see significant gains. One of them is L7 (LSD) token surged by approximately 90% in the past 24 hours, and it’s now trading at $3.23 on CoinMarketCap. This makes it the top gainer in CMC’s top 500 coins.
The token’s total market cap is currently almost $136 million. The token’s circulating supply is almost 41 million LSD, and the total supply of the token is 210 million LSD.
The LSD token also serves as a catalyst for governance and participation in the L7 Finance ecosystem. The team behind L7 has just posted more details about the company and its mission on their X account.
They note that L7 Labs is the beacon for early-stage Web3 ventures, a catalyst for innovation that propels the next blockchain wave.
🌐 From the minds at @Cointime_global, delve into the mission of L7 Labs Grants:
🧠 Founded by L7's core investment team, it's the beacon for early-stage Web3 ventures.
🚀 A catalyst for innovation, L7 Labs propels the next wave of blockchain brilliance.
❤️Explore how… pic.twitter.com/lkrMYmwZzA
— L7 (@L7_Global) April 26, 2024
Also, they shared the latest version of their mobile app, which should simplify the trading experience.
https://twitter.com/L7_Global/status/1783496685853048870
What is L7 (LSD)?
L7 is a Web3-based decentralized digital asset management protocol that provides investment solutions and services to the global blockchain ecosystem and digital assets.
LSD is a BEP-20 token deployed on the BNB blockchain.
This is the native governance token of the L7 Finance platform. It plays a significant role in shaping the dynamics of the L7 ecosystem, where users can actively take part, govern, and reap rewards as well.
On the official website, the team behind the project also addresses L7 Labs, which was created by the core investment research team of Web3 digital asset management platform L7.
According to them, the aim is to help Web3 start-up projects achieve better development in the early stages. L7 Labs says it can offer strategic financial support and global traffic support for startups, promising to contribute to the development of the industry.