About King Protocol
Restaking protocols can distribute rewards in any ERC-20 token. However, users typically receive fractional amounts of these rewards, making them inconvenient to claim or trade. This situation can lead to a frustrating user experience, with poor returns for restakers, low token utilization, and increased selling pressure on reward tokens. King Protocol (formerly known as LRT²) offers a solution through a unified restaking reward. KING represents a share of a vault full of restaking rewards. LRTs deposit restaking rewards into the vault and then mint and distribute KING to their restakers. This streamlined system significantly reduces transaction costs and improves the efficiency of restaking reward distribution. It is particularly beneficial for small stakers, who might otherwise find managing and trading fractional rewards challenging. For larger stakeholders, the ability to redeem or arbitrage the vault share tokens creates an active market, helping to stabilize the King token price and drive liquidity.
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Market Stats
Market Cap
$6,102,617.09
-1.62%
FDV
$9,363,611.73
Circulating Supply
10,717.823 KING
Max Supply
16,444.998 KING
Total Supply
10,717.823 KING
Diluted Valuation
$6,096,990.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$32,459.69
-0.31%
Volume (7D)
$232,896.20
Volume (30D)
$1,069,720.03
All time high
$3,388.99
Overall Price Change (1Y)
-0.69%
Additional info about King Protocol
Recent trends
The price of King Protocol has increased by 1.91% in the last hour and increased by 1.19% in the past 24 hours. King Protocol’s price has also risen by 14.37% in the past week. The current price is $568.70 per KING with a 24-hour trading volume of $32.46K. Currently, King Protocol is valued at 83.22% below its all time high of $3,388.99. This all-time high was the highest price paid for King Protocol since its launch. The current circulating supply of King Protocol is 10,717.823 KING which means that King Protocol has as total market cap of $6,102,617.09.
Market details
KING vs markets
↘ 75.92%
KING vs BTC
↘ 79.09%
KING vs ETH
↘ 43.85%
Tags
defi
restaking
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8F08B70456eb22f6109F57b8fafE862ED28E6040 |
Price history
Time | Price | Change |
|---|---|---|
Today | $568.70 | ↗ 1.19% |
1 Day | $562.02 | ↗ 1.19% |
1 Week | $497.26 | ↗ 14.37% |
1 Month | $616.95 | ↘ 7.82% |
1 Year | $1,853.66 | ↘ 69.32% |
FAQ
We update our King Protocol to USD currency in real-time. Get the live price of King Protocol on Coinbase.
The current market cap of King Protocol is $6.10M. A high market cap implies that the asset is highly valued by the market.
The all-time high of King Protocol is $3,388.99. This all-time high is highest price paid for King Protocol since it was launched.
Over the last 24 hours, the trading volume of King Protocol is $32.46K.
Assets that have a similar market cap to King Protocol include Wrapped Kava, Wrapped Everscale, Stride Staked ATOM, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of King Protocol is 11 thousand.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#5418
Contributors
4
Posts
4
% About King Protocol
0%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
0.0 ★
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
4 unique individuals are talking about King Protocol and it is ranked #5,418 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, King Protocol has an average sentiment score of 0 out of 5. Finally, King Protocol is becoming less newsworthy, with 0 news articles published about King Protocol.
On Reddit, King Protocol was mentioned in 0 Reddit posts and there were 0 comments about King Protocol. 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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King Protocol calculator
1 King Protocol (KING) to Real (BRL)
R$3,229.92
1 King Protocol (KING) to Nigerian Naira (NGN)
NGN 914,083.32
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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.