Liquidity Token Surge 80% in the Past Month Due to Activity Increase
When the broader
cryptocurrency market remains sluggish, Liquity's native token, LQTY, has surged 80% in the past month. A decentralised borrowing protocol, Liquidity where users can secure loans in LUSD by supporting ETH as collateral. During this period LQTY's price increased from $0.75 to $1.35, with notable performance differences in other cryptocurrencies like Bitcoin (2% increase),
Ethereum (3% loss), and Solana's SOL (20% gain). The Liquidity token currently holds a market capitalization of around $120 million. With an A rating from stablecoin agency Bluechip potentially boosting investor confidence. Increased activity and staking rewards contributed to this surge.
