ZKC (Boundless) rose 8.69% in the last 24 hours.

Gate News Bot news, on September 29, according to CoinMarketCap data, as of the time of writing, ZKC (Boundless) is currently priced at $0.58, rising 8.69% in the last 24 hours, reaching a high of $0.75 and a low of $0.53, with a 24-hour volume of $990 million. The current market capitalization is approximately $117 million, an increase of $9.33 million compared to yesterday.

Boundless is a protocol for accessing any on-chain verifiable computation and rewarding nodes for contributing useful work. The project aims to build a protocol for everyone, including providing services for rollups, node operators, application developers, and individuals. The mainnet of Boundless has been launched, and users can now stake.

Important news about ZKC recently:

1️⃣ Mainnet staking function launched, attractive annualized yield Boundless (ZKC) officially launched the mainnet staking feature on September 17, opening up new sources of income for ZKC holders. Users participating in staking can receive a 25% epoch issuance share, with a reward cycle of approximately 48 hours. As it is currently in the early stage of staking, the number of participants is low, resulting in an annualized return rate (APR) as high as 110%, creating a strong attraction for investors.

2️⃣ Staking mechanism may promote the decrease in ZKC circulation The introduction of the mainnet staking feature may encourage more investors to opt for long-term holding and staking of ZKC, thereby reducing market circulation. This supply contraction effect is likely one of the important driving factors behind the recent rise in ZKC price.

3️⃣ Project development milestones, enhancing market confidence The successful launch of the mainnet staking feature marks an important technical milestone for the Boundless project. This advancement may enhance investors' confidence in the project's long-term development prospects, thereby driving up the price of ZKC.

From a technical perspective, the ZKC price has broken through previous resistance levels, with a rise of more than 8% within 24 hours, indicating strong upward momentum. However, investors still need to closely monitor changes in staking participation and its ongoing impact on the ZKC price.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.