The Pandora mission token (PANDORA) is displaying fast development amid the hype round ERC-404 tokens.
In accordance with CoinMarketCap knowledge, PANDORA has risen by 30% over the previous 24 hours to $32,800 on the time of writing. Buying and selling volumes for tokens present explosive development and surpass the $100 million mark.
On the identical time, the token fee exceeded $32,000 every week after launch. Amid the thrill across the new format, lower than every week after its creation, ERC-404 buying and selling quantity on decentralized exchanges (DEXs) and non-fungible token (NFT) platforms exceeded $210 million, based on Dune.
Cryptocurrency change Binance has additionally added ERC-404 help to its Web3 Pockets. This improvement got here after Binance added 19 new apps to its Web3 Pockets.
Cryptocurrency change OKX additionally acknowledged that ERC-404 tokens are already accessible on the Web3 platform.
Pandora is the primary token issued primarily based on the experimental ERC-404 normal. It’s a blended implementation of ERC-20/ERC-721, the place an NFT robotically seems within the pockets after buy. The brand new normal tokens are additionally designed to extend liquidity. As a substitute of itemizing NFTs on the market on any market, holders can promote them on DEXs.
