Klaytn (KLAY) Price Skyrockets – Is $0.30 Forthcoming?

Klaytn (KLAY) price has increased by 110% since Oct. 21 and broke out from a descending resistance line in the process. The post Klaytn (KLAY) Price Skyrockets – Is $0.30 Forthcoming?

Timeline of Klaytn

KLAY's price shows strength as the price holds strong above the key support zone to avoid price retesting lower point on the daily chart. KLAY rejected to trend higher above $0.3 as the price faced a sharp rejection to a region of key Support of $0.2.

Klaytn network's KLAY is up more than 30% to $0.2055, making it one of the best-performing digital assets this week, according to CryptoSlate data. The post Klaytn pumps after proposal to reduce block rewards passes appeared first on CryptoSlate.

An altcoin from the metaverse sector is skyrocketing following a new community proposal that will affect its tokenomics. Klaytn (KLAY) is a public enterprise blockchain focused on artists, non-fungible tokens (NFTs), gaming and entertainment.

The Klaytn (KLAY/USD) team published the 3Q Klaytn Ecosystem Update on October 23, 2022, where they went over the governance proposal for the Klaytn block reward production. This resulted in a boost in the value of the token, at 22%, alongside an increase to its overall trading volume by 570%.

A recent report from the crypto analyst firm Messari highlights the incredibly rapid growth of Klaytn's enterprise-grade blockchain ecosystem, most notably in the DeFi and Gaming sectors. Within those segments, the star of the show is undoubtedly the newly-launched Klaytn Lending Application, better known as KLAP, which has come from nowhere to reach an impressive $32.15 million in total value locked.

Klex Finance has deployed its testnet ahead of an imminent mainnet launch. The testnet went live on August 2, with Klex Finance inviting community members to assist in putting the protocol through its paces.

Klaytn, the metaverse-friendly blockchain, has just gained another sub-token. On July 25 Klaytn Lending Protocol, better known as KLAP, launched its governance token for users of the decentralized application (dApp).

Klaytn Lending Application (KLAP) has released its native token. The second largest dApp on the Klaytn blockchain, KLAP grew to become the leading lending and borrowing protocol within days of its May launch.

Krew, a DeFi accelerator focused on bolstering growth within the Klaytn blockchain ecosystem, has announced the launch of Klex Finance to bring efficient portfolio management and swaps to the blockchain. Klaytn (KLAY), a public blockchain launched in 2019, looks to advance a diverse crypto economy cutting across metaverse, gaming, and protocol interactivity. But according to The post DeFi accelerator Krew introduces portfolio rebalancer Klex Finance on Klaytn appeared first on Invezz.

Singapore-based blockchain Klaytn has teamed up with NFT marketplace OpenSea to invest in the Asian NFT market. What Happened: Klaytn is one of four blockchains supported by OpenSea, the world's biggest NFT marketplace.