Log in/ Sign up

About HOP

Hop is a multichain bridge connecting Ethereum with Layer-2 networks. Using Hop, users can send tokens almost instantly across networks instead of having to wait multiple days.There are two core pieces to the Hop protocol architecture that make this possible.A cross-network Hop bridge token that can be quickly and economically moved between L2's or claimed on layer-1 for its underlying asset.Automated Market Makers to swap between each Hop bridge token and its corresponding Canonical Token on each rollup in order to dynamically price liquidity and incentivize the rebalancing of liquidity across the network.

Hop Protocol (HOP) is a cryptocurrency launched in 2022. HOP has a current supply of 1.00Bn with 0 in circulation. The last known price of HOP is 0.024700643551 USD and is 0.004179698743 over the last 24 hours. It is currently trading on active market(s) with $120,714.66 traded over the last 24 hours. More information can be found at https://hop.exchange/.

Official Website

Social Media

HOP Price Statistics
HOP’s Price Today
24h Price Change
+$0.00417969874320.37%
24h Volume
$120,714.6617.82%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#10296
HOP Market Cap
Market Cap
$0
Fully Diluted Market Cap
$24.70M
HOP Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
HOP Supply
Circulating Supply
0
Total Supply
1.00Bn
Max Supply
1.00Bn
Updated Dec 07, 2024 6:57 am
image
HOP
Hop Protocol
$0.024700643551
$0.004179698743(+20.37%)
Mkt Cap $0
There's nothing here for now
Crypto Wallets With Positive Balances Surpass 400 Million Amid Bull Market
Crypto Wallets With Positive Balances Surpass 400 Million Amid Bull Market
According to Cointelegraph, the number of cryptocurrency wallets with positive balances has exceeded 400 million, as reported by Chainalysis. This surge is attributed to the ongoing bull market, which is drawing both institutional and retail investors into the crypto space, particularly those dealing with dollar-pegged stablecoins. The report, dated December 5, indicates a significant trend in crypto adoption, evidenced by the increase in wallets with non-zero balances. However, it is important to note that wallet addresses do not necessarily equate to the number of individuals using blockchain technology. The Chainalysis team emphasized a "seismic shift" in both the perception and usage of cryptocurrencies. They noted that the current market cycle's increased adoption is marked by a "convergence" between the digital economy and traditional financial institutions. This convergence is facilitated by the introduction of exchange-traded funds (ETFs) and related financial products, allowing traditional finance to enter the crypto space. The report also highlights the dominance of stablecoins in onchain transactions. Since the beginning of 2024, stablecoins have accounted for 50% to 75% of all onchain transactions. While stablecoins are generally viewed as fiat on-ramps and off-ramps for the crypto markets, they are increasingly being used as a store of value, especially in emerging economies. In countries like Venezuela and across Latin America, US dollar stablecoins are becoming a popular choice for remittances and accessing liquidity in regions with limited access to the currency or strict capital controls. The utility of stablecoins has been recognized by US Federal Reserve Governor Christopher Waller, who, in an October 18 speech, suggested that stablecoins could enhance the existing financial system by lowering cross-border settlement costs. Similarly, the US Treasury’s Borrowing Advisory Committee, in an October 30 report, noted that dollar-pegged stablecoins could increase demand for Treasury Bills and improve the operational efficiency of issuing Treasury assets. Paxos CEO Charles Cascarilla also addressed US lawmakers on October 29, arguing that stablecoins are crucial for maintaining the dollar's relevance in the digital economy.
Dec 07, 2024 6:03 am

Frequently Asked Questions

  • What is the all-time high price of Hop Protocol (HOP)?

    The all-time high of HOP was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Hop Protocol (HOP) is 0. The current price of HOP is down 0% from its all-time high.

    Read More
  • How much Hop Protocol (HOP) is there in circulation?

    As of , there is currently 0 HOP in circulation. HOP has a maximum supply of 1.00Bn.

    Read More
  • What is the market cap of Hop Protocol (HOP)?

    The current market cap of HOP is 0. It is calculated by multiplying the current supply of HOP by its real-time market price of 0.024700643551.

    Read More
  • What is the all-time low price of Hop Protocol (HOP)?

    The all-time low of HOP was 0 , from which the coin is now up 0%. The all-time low price of Hop Protocol (HOP) is 0. The current price of HOP is up 0% from its all-time low.

    Read More
  • Is Hop Protocol (HOP) a good investment?

    Hop Protocol (HOP) has a market capitalization of $0 and is ranked #10296 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Hop Protocol (HOP) price trends and patterns to find the best time to purchase HOP.

    Read More