TREE (Treehouse) rose 2.39% in 24 hours

Gate News Bot message, August 4, according to CoinMarketCap data, as of the time of writing, TREE (Treehouse) is currently at $0.46, having risen 2.39% in the last 24 hours, with a high of $1.35 and a low of $0.44. The current market capitalization is approximately $723,000, an increase of $16,900 compared to yesterday.

Treehouse is a decentralized fixed income layer that aims to build a unified fixed income infrastructure by connecting yield primitives, benchmark rates, and participation layers. Its tAssets product can achieve actual returns through interest rate arbitrage, and DOR ( decentralized quoted interest rates ) will drive the rapid development of fixed income products. The Treehouse ecosystem is governed by operators, experts, references, delegators, and end users.

Important news about TREE recently:

1️⃣ Gate launches TREE perpetual contract Gate launched the TREE perpetual contract for real trading on July 29 at 22:10 (UTC+8), settled in USDT, supporting long and short trading with 1-20x leverage. This move provides more trading options for TREE and may increase market liquidity and volatility.

2️⃣ TREE's price fluctuated significantly after trading began TREE started trading on multiple exchanges on July 29, experiencing significant price volatility. It reached a high of $1.5 at the opening, before dropping to $0.91, with a market capitalization that once hit $173 million. This drastic fluctuation reflects the market's high attention and speculative sentiment towards the TREE project.

3️⃣ Airdrop events attract market attention The TREE project has launched an airdrop event, providing 100 TREE tokens to eligible users. The airdrop has set a point threshold and a time limit, which may stimulate short-term demand for TREE, but it may also lead some users to quickly sell off their tokens after receiving the airdrop, affecting price trends.

As a newly launched token, TREE has shown high volatility in its price in the short term, which is related to factors such as the common liquidity shortages and sensitivity to market sentiment faced by new projects. Investors need to be fully aware of the associated risks when participating in trading.

This message is not intended as investment advice; investors should be aware of market volatility risks.