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 <p class="is-style-lead">Over the past 30 days, TRB gained more than 150% in <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>, making it the top gainer among other altcoins.</p>
 <p>Tellor’s native token (TRB) has entered the top 150 cryptocurrencies by market capitalization, according to CoinMarketCap.</p>
 <p>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.</p>
 <p>As noted by analysts at blockchain firm Santiment, the <a rel="noopener noreferrer nofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a> in <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> came as <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a> around Tellor hit its all-time high, generating over 50 unique transactions a day with more than $100,000 in value. Alongside whale <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a>, Tellor also registered a <a rel="noopener noreferrer nofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a> in daily active addresses, hitting the 504 mark on Oct. 23, according to Santiment.</p>
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    <p lang="en" dir="ltr">#Tellor's <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> has now jumped ~+750% since July, and whales are showing more interest than ever before while new addresses continue to pour in. $TRB is now the #192 market cap asset (and rising) as it leads the #altcoin charge here in October. https://t.co/xZCnAs2jce pic.twitter.com/rdSni2BzYl</p>— Santiment (@santimentfeed) October 23, 2023
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 <p>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.</p>
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   <img decoding="async" width="1719" height="551" src="https://cdn.thebittimes.com/images/2023/10/24/60071ea6d8bb4f584c27488e8df04fb8.webp" alt="Tellor (TRB) price surges 750% as network activity hits ATH - 1"> 
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   TRB <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> compared to aggregated funding rate | Source: Coinalyze
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 <p>And it seems the reversal has already started as TRB <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> declined by around 15% within an hour shortly after hitting the $98 mark.</p>
 <p>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.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tellor-trb-price-surges-750-as-network-activity-hits-ath-tbt67502.html">https://thebittimes.com/tellor-trb-price-surges-750-as-network-activity-hits-ath-tbt67502.html</a></p>

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

TheBitTimes

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