@Mitosis Official #Mitosis
a Layer 1 blockchain project focused on programmable liquidity in decentralized finance (DeFi). Based on the context from recent web and X posts, here’s a concise overview of Mitosis and its native token, $MITO:
Mitosis Overview: Mitosis is designed to address liquidity fragmentation in DeFi by enabling cross-chain liquidity through vaults and tokenized assets called miAssets. It operates an Ecosystem-Owned Liquidity (EOL) model, allowing users to deposit assets (e.g., ETH, stablecoins) into vaults and receive miAssets for staking, lending, or yield farming across chains like Ethereum and Arbitrum. The platform emphasizes decentralized governance via its Morse DAO, where $MITO token holders vote on protocol upgrades and liquidity allocations.
$MITO Token:
Utility: $MITO is the native token used for governance, staking, and fee payments. It also supports a three-token system with gMITO (governance) and LMITO (time-locked rewards) to incentivize long-term participation.
Supply: Maximum supply is 1 billion tokens, with 45.5% allocated to ecosystem growth and team/investor tokens locked to prevent dumping.
Market Data: As of recent updates, $MITO's price fluctuates, with reports citing $0.1500 to $0.275 USD, a market cap ranging from $31.99M to $53.98M, and a 24-hour trading volume up to $76.58M. Prices have shown volatility, with a recent 7-day drop of -8.80% to -32.08% from some sources, though others report a +13.35% daily increase.
Recent Developments:
Mitosis raised $7M in funding from investors like Amber Group and Foresight Ventures.
The project is preparing for a mainnet audit and expanding its Matrix Straddle Vault for deeper liquidity. It also runs an Expedition campaign, rewarding users with MITO Points for tasks, potentially convertible to tokens later.
A Binance HODLer Airdrop for MITOwas announced, with trading starting August 28, 2025, on pairs like MITO/USDT.
A new "Gas Refuel" feature allows users to acquire MITO for initial gas when depositing from external chains.