The price of EVER, the native cryptocurrency of the Everscale blockchain, posted a 27% increase yesterday, according to data provided by CoinMarketCap.
At 19:00 CET yesterday, the price of the asset surpassed $0.31, rising from $0.24, while EVER's trading volume for the same period increased by more than 220%.
According to some experts, this rise is most likely due to the activity of DeFi project participants and the transition to a new ecosystem management model Everscale (formerly Free TON).
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According to DeFi Llama, the volume of total value locked (TVL) on the decentralized exchange FlatQube, the largest DeFi application on the Everscale blockchain, has doubled over the past month, from $31.7 million to $63.7 million.
FlatQube has recently organized the sale of QUBE tokens and started paying rewards with it.
The project developers have also launched Octus Bridge, a cross-chain bridge to transfer assets between Ethereum, BNB Chain, Polygon, Phantom and Everscale networks.
At the moment the asset accumulates a daily growth of 8.97% and is trading at $0.318.