Tellor (TRB) is a decentralized oracle protocol designed to provide reliable off-chain data to smart contracts on the Ethereum blockchain. It enables smart contracts to access external data by incentivizing data reporters to submit accurate information, which is then validated and made available on-chain.
As of February 8, 2025, TRB is trading at approximately $32.40, reflecting a slight decrease of 0.025% from the previous close. The day's trading range has seen a high of $34.74 and a low of $31.58.
In early January 2024, TRB experienced significant volatility, with prices surging to $720 before rapidly declining to $180 within hours. This sharp movement was attributed to overleveraged trading positions leading to a cascade of liquidations.
Currently, TRB has a circulating supply of approximately 2.6 million tokens, resulting in a market capitalization of around $84 million.
Given its role in providing decentralized data feeds, TRB remains a notable project within the blockchain ecosystem. However, potential investors should be aware of its historical price volatility and conduct thorough research before making investment decisions.
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