As one of the earliest automated market maker protocols in the DeFi industry, Bancor once kick-started the entire AMM era. But now, this former top-tier project seems to have been forgotten by the market, with hardly any community discussion buzz in recent times.
The current BNT price is $0.26216, with a 24-hour trading volume of only $1.41 million and a market cap of roughly $28.28 million. Compared with its peak era when it had a market value in the billions, it’s hard not to marvel at how fast-moving the crypto market can be.
That said, in this industry, there is never a lack of stories of "dormancy followed by a breakout." Is the Bancor team still building quietly? Will there be new moves in the future? Consider adding it to your watchlist—you might be surprised.
#DeFi #Bancor