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TREE (Treehouse) rose 26.77% in the last 24 hours.
Gate News Bot news, on October 21, according to CoinMarketCap, as of the time of writing, TREE (Treehouse) is currently priced at 0.20 USD, with a rise of 26.77% in the past 24 hours, reaching a high of 0.24 USD and a low of 0.15 USD. The current market capitalization is approximately 31.7 million USD, an increase of 6.69 million USD compared to yesterday.
Treehouse is a decentralized fixed-income infrastructure layer designed to connect yield primitives, benchmark rates, and participation layers, building a unified fixed-income infrastructure. Its core products include tAssets and decentralized quoted interest rate (DOR). tAssets provide enhanced yields for users through interest rate arbitrage, while DOR provides benchmark rates for on-chain fixed-income products.
Important news about TREE recently:
1️⃣ Merkle tree technology draws attention The application and advantages of Merkle tree technology in the blockchain field are attracting widespread discussion. As an efficient cryptographic method for verifying large amounts of data, Merkle trees play an important role in improving the scalability and security of blockchains. This in-depth exploration of the technology may have stimulated investor interest in infrastructure projects, indirectly driving up the prices of related tokens such as TREE.
2️⃣ Demand for fixed income DeFi products is rising With the fluctuations in the cryptocurrency market, the demand for stable yield products among investors is on the rise. Treehouse, as a decentralized fixed income infrastructure, offers products such as tAssets and DOR that perfectly meet this market demand. This alignment with market trends may be one of the important driving factors for the rise in TREE price.
3️⃣ Lightning Network scaling solutions gain attention Recently, the lightning network's scaling solution “Timeout Trees” has attracted attention in the industry. This solution aims to improve the scalability and efficiency of the lightning network. Although there is no direct connection to the Treehouse project, this reflects the market's ongoing focus on improvements in blockchain infrastructure, which may indirectly enhance investor confidence in infrastructure tokens like TREE.
From a technical perspective, the price of TREE has broken through previous resistance levels and is showing a strong rise in the short term. However, considering the high volatility of the cryptocurrency market, investors should remain vigilant of potential retracement risks.
This message is not intended as investment advice; investors should be aware of market volatility risks.