OL (Open Loot) rose 24.63% in the last 24 hours.

Gate News Bot news, on October 30, according to CoinMarketCap data, as of the time of writing, OL (Open Loot) is currently priced at $0.04, with a rise of 24.63% in the last 24 hours, reaching a high of $0.04 and a low of $0.02. The current market capitalization is approximately $32.8 million, an increase of $6.48 million compared to yesterday.

Open Loot is an NFT trading platform focused on in-game digital asset transactions. The platform offers an NFT marketplace, advanced currency, and rental services, supporting multiple games. Open Loot has also launched its own blockchain, OL Chain, built on the Base network, optimized for gaming. The platform supports converting reward points into OL tokens and provides a block explorer to track transaction and address information.

Important news from OL recently:

1️⃣ The Solana ecosystem is rapidly developing The DeFi locked value on the Solana network has reached a new high of 62.3 million SOL. The perpetual contract DEX Pacifica has surpassed $28 billion in trading volume over the past 30 days, with a total locked value exceeding $37 million. This trend of ecological prosperity is expected to bring more users and liquidity to Solana-based gaming projects like Open Loot.

2️⃣ Institutional investors' interest in the game NFT sector is rising Several institutions are actively laying out the Solana ecosystem, such as Citadel founder Ken Griffin holding about 4.5% of asset management company DFDV, which focuses on increasing its Solana holdings. The continuous influx of institutional funds may indirectly promote the development of gaming NFT projects like Open Loot, bringing more investment opportunities and user base.

3️⃣ Blockchain technology innovation enhances gaming experience The Solana Foundation has proposed several technical optimization plans, including the introduction of p-tokens to improve the efficiency of Token programs, as well as a rapid leader handoff mechanism. These innovations are expected to significantly enhance network performance and user experience, creating a better operating environment for gaming projects like Open Loot, which will facilitate the efficiency and convenience of in-game asset transactions.

From a technical perspective, the price of OL has risen significantly by 24.63% in the last 24 hours, showing strong upward momentum. However, considering the high volatility of the cryptocurrency market, investors still need to cautiously assess potential risks.

This message is not investment advice, and investors should be aware of market volatility risks.