About Gelato
Gelato (GEL) is a cryptocurrency and operates on the Ethereum platform. Gelato has a current supply of 420,690,000 with 248,068,549.6699998 in circulation. The last known price of Gelato is 0.04603803 USD and is down -2.15 over the last 24 hours. It is currently trading on 49 active market(s) with $50,005.33 traded over the last 24 hours. More information can be found at
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Market Stats
Market Cap
$11,412,391.15
-3.05%
FDV
$19,353,839.26
Circulating Supply
248,068,549.67 GEL
Max Supply
420,690,000 GEL
Total Supply
420,690,000 GEL
Diluted Valuation
$19,350,942.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$57,048.32
-0.45%
Volume (7D)
$370,705.73
Volume (30D)
$2,481,693.81
All time high
$3.99
Overall Price Change (1Y)
-0.87%
Additional info about Gelato
Recent trends
The price of Gelato has increased by 0.09% in the last hour and decreased by 2.97% in the past 24 hours. Gelato’s price has also risen by 10.34% in the past week. The current price is $0.0460 per GEL with a 24-hour trading volume of $57.05K. Currently, Gelato is valued at 98.85% below its all time high of $3.99. This all-time high was the highest price paid for Gelato since its launch. The current circulating supply of Gelato is 248,068,549.67 GEL which means that Gelato has as total market cap of $11,412,391.15.
Market details
GEL vs markets
↘ 89.74%
GEL vs BTC
↘ 91.1%
GEL vs ETH
↘ 76.41%
Tags
defi
mvb
rollups-as-a-service
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x15b7c0c907e4C6b9AdaAaabC300C08991D6CEA05 | |
Fantom | 0x15b7c0c907e4C6b9AdaAaabC300C08991D6CEA05 | |
Polygon | 0x15b7c0c907e4C6b9AdaAaabC300C08991D6CEA05 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0460 | ↘ 3.12% |
1 Day | $0.0474 | ↘ 2.97% |
1 Week | $0.0417 | ↗ 10.34% |
1 Month | $0.0609 | ↘ 26.02% |
1 Year | $0.35 | ↘ 86.79% |
FAQ
Gelato is a platform that aims to facilitate transaction execution at a set time. According to the whitepaper, the network operates as a decentralized automation protocol. The forum comprises smart contracts developed on Ethereum and executor infrastructure services to help users automate transactions. The platform aims to solve the lack of sophistication, reliability, and centralization around the DApps that seek to offer automated smart contract executions on a user’s behalf.
Automation is absent in decentralized finance (DeFi) applications running on public blockchains like Ethereum. This is due to the lack of automation within the Ethereum Virtual Machine, where programs run only for a few milliseconds at a time. Hence, the smart contract programs can only store two things: state and logic. Further, rather than an internal mechanism, autonomous transactions occur via external organizations that run specialized bots in the background. Another concern is the need for a decentralized and reliable network of bots, as relying on centralized parties to execute users’ transactions reduces the benefits of trustlessness and censorship resistance.
The Gelato platform therefore creates an underlying infrastructure that provides developers a robust decentralized network of bots that can be instructed to monitor the state of protocols off-chain and implement arbitrary transactions on their behalf, meeting the pre-specified conditions.
The network seeks to become the backbone of all automated smart contract execution on each smart contract platform, offering decentralization, developer friendliness, and reliability. The platform aims to offer certain features:
The platform’s whitepaper was released in September 2021. IThe token was launched on September 13, 2021.
Hilmar Orth and Luis Schliesske are the platform’s cofounders. They have also cofounded another blockchain startup that focused on facilitating companies in Europe in using smart contracts to find new business models. They later developed the Gelato platform to help them build automated DApps. They both are finance graduates and have worked with several startups.
Other core members of the team include Matthieu Marie Joseph, Ari Rodriguez, Yahya, Jun Gong, and Pedro Cruz.
We update our Gelato to USD currency in real-time. Get the live price of Gelato on Coinbase.
The current market cap of Gelato is $11.41M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Gelato is $3.99. This all-time high is highest price paid for Gelato since it was launched.
Over the last 24 hours, the trading volume of Gelato is $57.05K.
Assets that have a similar market cap to Gelato include Blockasset, Brickken, Cointel, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Gelato is 248 million.
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Social stats
Popularity in posts
#2500
Contributors
923
Posts
1,104
% About Gelato
0.008%
Articles
1
Hold times
0 days
X (Twitter)
18.71% bullish
Sentiment
2.1 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
923 unique individuals are talking about Gelato and it is ranked #2,500 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Gelato has an average sentiment score of 42 out of 5. Finally, Gelato is becoming less newsworthy, with 1 news articles published about Gelato.
On Twitter, people are mostly neutral about Gelato. There were 19.23% of tweets with bullish sentiment compared to 2.75% of tweets with a bearish sentiment about Gelato. 80.77% of tweets were neutral about Gelato. These sentiments are based on 139 tweets.
On Reddit, Gelato was mentioned in 155 Reddit posts and there were 13536 comments about Gelato. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.