- Jito and EtherFi Lead the Way in Liquid Staking
- Market Reaction to Token Additions
- Upbit Boosts BIGTIME with KRW Listing
Bithumb, the largest South Korean crypto market, has announced the addition of pairs for JTO and ETHFI tokens. On the backdrop of Korea Blockchain Week, this event could bring new liquidity to Solana and Ethereum.
Jito and EtherFi Lead the Way in Liquid Staking
The addition of JTO and EtherFi on Bithumb is linked to the high activity of both protocols. Jito and EtherFi lock significant value from their networks, becoming key projects for Solana and Ethereum. As of September 5, Jito holds about $1.75 billion in its liquid staking protocol. Etherfi attracts $5.77 billion, mostly in locked Ethereum (ETH) value.
Market Reaction to Token Additions
Following the listing announcement, JTO started trading at an initial price of $2.17, while EtherFi began at $1.27. Shortly after the news, JTO rallied to $2.22, while ETHFI surged to $1.29. The trading activity is still not reflected in data.
Upbit Boosts BIGTIME with KRW Listing
The South Korean market also supported the token BIGTIME by adding it to the Upbit platform. Trading has already started, resulting in BIGTIME volumes rising to $79 million and the price increasing from $0.067 to $0.08. The Bigtime game brings back the trend of tokenized games, combining RPG features with tokens and NFT collections.
The addition of new tokens on Bithumb and Upbit can significantly impact liquidity for Solana and Ethereum. These actions reflect important trends in the crypto world and strengthen the positions of leading projects in the market.
Comments