LayerZero

Base

Read

Chainlink

Tellor

Over the past 30 days, TRB gained more than 150% in price, making it the top gainer among other altcoins. 
Tellor’s native token (TRB) has entered the top 150 cryptocurrencies by market capitalization, according to CoinMarketCap. 
The token soared more than 750%, becoming the most profitable over the past three months. As of press time, TRB is trading at $82.3, with a market cap of $202 million. 
As <a href="https://x.com/santimentfeed/status/1716556998395978074?s=20" target="_blank" rel="noreferrer noopener">noted</a> by analysts at blockchain firm Santiment, the surge in price came as network activity around Tellor hit its all-time high, generating over 50 unique transactions a day with more than $100,000 in value. Alongside whale activity, Tellor also registered a surge in daily active addresses, hitting the 504 mark on Oct. 23, according to Santiment. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 📈 <a href="https://twitter.com/hashtag/Tellor?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Tellor</a>'s price has now jumped ~+750% since July, and whales are showing more interest than ever before while new addresses continue to pour in. <a href="https://twitter.com/search?q=%24TRB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$TRB</a> is now the #192 market cap asset (and rising) as it leads the <a href="https://twitter.com/hashtag/altcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#altcoin</a> charge here in October. <a href="https://t.co/xZCnAs2jce" target="_blank">https://t.co/xZCnAs2jce</a> <a href="https://t.co/rdSni2BzYl" target="_blank">pic.twitter.com/rdSni2BzYl</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1716556998395978074?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 23, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
 You might also like: <a href="https://crypto.news/layerzero-taps-google-cloud-oracle-for-on-chain-message-verification/"> LayerZero taps Google Cloud Oracle for on-chain message verification </a> 
Yet, despite the multi-week rally, TRB is showing signs of overheating as funding rates turn negative. As per data from Coinalyze, funding rates on TRB futures on four crypto exchanges — Binance, ByBit, Huobi, and OKX — turned negative, hitting an average of -0.38, which might indicate traders’ willingness to pay longs to keep their bearish bets open. 
<figure class="wp-block-image size-full">
 <img decoding="async" loading="lazy" width="1719" height="551" src="https://crypto.news/app/uploads/2023/10/hpisdhufg.png" alt="Tellor (TRB) price surges 750% as network activity hits ATH - 22" class="wp-image-14207459">
 <figcaption class="wp-element-caption">
 TRB price compared to aggregated funding rate | Source: Coinalyze
 </figcaption>
</figure> 
And it seems the reversal has already started as TRB price declined by around 15% within an hour shortly after hitting the $98 mark. 
Tellor is a decentralized permissionless oracle based on the Ethereum blockchain as well as other sidechains, which provides decentralized applications with access to off-chain data. While Chainlink and Tellor might seem very similar, the latter has made its bet on decentralization, allowing anyone with 1,000 TRB to set up a node and offer data to an oracle. In contrast, Chainlink allows submitting data only by whitelisted nodes. 
 Read more: <a href="https://crypto.news/first-tokenized-security-launched-on-coinbases-base-protocol/"> First tokenized security launched on Coinbase’s Base protocol </a>

Tellor (TRB) price surges 750% as network activity hits ATH

crypto.news

Other articles published on Oct 24, 2023

New Chainalysis Report: U.S. Is Losing Regulatory Grip on the Stablecoins Market

AI predicts Bitcoin price for Halloween 2023

Famous Analyst Predicts 150% Increase for XRP and Claims No Sign of Weakness

dYdX Chain v1.0 Officially Released

Tethereum: Pioneering Decentralized Finance and Innovation in the Crypto World

Bitcoin Mining Host Rates Hold Steady in North America as US Operations Map Revealed

Join our free newsletter for daily crypto updates!