TREE (Treehouse) fell 36.05% in 24 hours

Gate News Bot news, on July 30, according to CoinMarketCap data, TREE (Treehouse) is currently priced at 0.68 USD, falling 36.05% in the last 24 hours, with a high of 1.35 USD and a low of 0.63 USD. The 24-hour volume reached 346 million USD. The current market capitalization is approximately 107 million USD, a decrease of 60.19 million USD compared to yesterday.

Treehouse is a decentralized fixed income layer designed to connect yield primitives, benchmark rates, and participation layers, forming a unified fixed income infrastructure. TREE provides actual yields through tAssets, allowing users to earn additional yields on top of the LST base yield by depositing native tokens or liquid staking tokens (LST). The Treehouse protocol also includes a decentralized quoted interest rate system (DOR), providing benchmark rates for on-chain financial products.

Important news about TREE recently:

1️⃣ Gate launches TREE perpetual contract Gate launched the TREE perpetual contract for real trading on July 29 at 22:10 (UTC+8), settled in USDT, supporting long and short trades with 1-20x leverage. This move provides more trading options for TREE and may increase market liquidity and volatility.

2️⃣ TREE has experienced significant price fluctuations after trading started TREE started trading on multiple exchanges on July 29, experiencing significant price fluctuations. It reached a high of $1.5 at the opening but then fell back to $0.91, with a market capitalization that once hit $173 million. This large volatility reflects the market's high attention and speculative sentiment towards the TREE project.

3️⃣ Airdrop event attracts market attention The TREE project has launched an airdrop event, providing 100 TREE tokens to eligible users. The airdrop has set a point threshold and a time limit, which may stimulate short-term demand for TREE, while also potentially leading some users to quickly sell off their tokens after receiving the airdrop, affecting the price trend.

As a newly launched token, TREE has shown high volatility in price in the short term, which is related to factors such as liquidity issues and sensitivity to market sentiment that new projects commonly face. Investors need to fully recognize the associated risks when participating in trading.

This message does not constitute investment advice; investors should be aware of market volatility risks.