NEWSLETTER
The Pandora project token (PANDORA) is showing rapid growth amid the hype around ERC-404 tokens.
According to data from CoinMarketCap, PANDORA is up 30% in the last 24 hours to $32,800 at the time of writing. Token trading volumes show explosive growth and surpass the $100 million mark.
At the same time, the price of the token surpassed $32,000 a week after the launch. Amid the excitement around the new format, less than a week after its creation, ERC-404 trading volume on decentralized exchange (DEX) and non-fungible token (nft) platforms exceeded $210 million, according to Dune.
<img decoding="async" width="1024" height="148" src="https://crypto.news/app/uploads/2024/02/Screenshot-2024-02-09-at-13.27.51-1024×148.png” alt=”New ERC-404 surges 30% topping $32,000 mark – 1″/>
Cryptocurrency exchange Binance also added ERC-404 support to its Web3 Wallet. This development came after Binance. aggregate 19 new applications for your Web3 Wallet.
Cryptocurrency exchange OKX also stated that ERC-404 tokens are now available on the Web3 platform.
Pandora is the first token issued under the experimental ERC-404 standard. It is a mixed implementation of ERC-20/ERC-721, where an nft automatically appears in the wallet after purchase. The new standard tokens are also designed to increase liquidity. Instead of putting NFTs up for sale on any marketplace, holders can sell them on DEXs.
