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  • bitcoinBitcoin (BTC) $ 63,722.00
  • ethereumEthereum (ETH) $ 3,405.44
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 578.30
  • solanaSolana (SOL) $ 155.66
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 3,417.05
  • xrpXRP (XRP) $ 0.536097
  • the-open-networkToncoin (TON) $ 7.54
  • dogecoinDogecoin (DOGE) $ 0.121402
  • cardanoCardano (ADA) $ 0.435606
  • tronTRON (TRX) $ 0.137932
  • shiba-inuShiba Inu (SHIB) $ 0.000019
  • avalanche-2Avalanche (AVAX) $ 27.17
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 63,833.00
  • polkadotPolkadot (DOT) $ 6.40
  • chainlinkChainlink (LINK) $ 14.15
  • bitcoin-cashBitcoin Cash (BCH) $ 389.08
  • uniswapUniswap (UNI) $ 8.44
  • nearNEAR Protocol (NEAR) $ 5.76
  • leo-tokenLEO Token (LEO) $ 5.86
  • daiDai (DAI) $ 1.00
  • litecoinLitecoin (LTC) $ 71.30
  • wrapped-eethWrapped eETH (WEETH) $ 3,560.86
  • matic-networkPolygon (MATIC) $ 0.537259
  • internet-computerInternet Computer (ICP) $ 9.54
  • pepePepe (PEPE) $ 0.000011
  • kaspaKaspa (KAS) $ 0.181882
  • ethereum-classicEthereum Classic (ETC) $ 23.27
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.35
  • aptosAptos (APT) $ 6.72
  • stellarStellar (XLM) $ 0.103182
  • moneroMonero (XMR) $ 158.49
  • blockstackStacks (STX) $ 1.90
  • hedera-hashgraphHedera (HBAR) $ 0.077455
  • makerMaker (MKR) $ 2,928.06
  • vechainVeChain (VET) $ 0.032113
  • render-tokenRender (RNDR) $ 6.60
  • crypto-com-chainCronos (CRO) $ 0.094853
  • mantleMantle (MNT) $ 0.765371
  • okbOKB (OKB) $ 41.57
  • cosmosCosmos Hub (ATOM) $ 6.36
  • filecoinFilecoin (FIL) $ 4.33
  • arbitrumArbitrum (ARB) $ 0.741394
  • immutable-xImmutable (IMX) $ 1.49
  • injective-protocolInjective (INJ) $ 22.63
  • bittensorBittensor (TAO) $ 296.62
  • suiSui (SUI) $ 0.819451
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,459.98
  • the-graphThe Graph (GRT) $ 0.212841
  • optimismOptimism (OP) $ 1.79
  • dogwifcoindogwifhat (WIF) $ 1.98
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,815.54
  • bonkBonk (BONK) $ 0.000026
  • arweaveArweave (AR) $ 26.35
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,541.13
  • flokiFLOKI (FLOKI) $ 0.000175
  • notcoinNotcoin (NOT) $ 0.016594
  • lido-daoLido DAO (LDO) $ 1.77
  • ondo-financeOndo (ONDO) $ 1.08
  • aaveAave (AAVE) $ 101.92
  • bitget-tokenBitget Token (BGB) $ 1.07
  • theta-tokenTheta Network (THETA) $ 1.49
  • fantomFantom (FTM) $ 0.512641
  • jasmycoinJasmyCoin (JASMY) $ 0.029385
  • whitebitWhiteBIT Coin (WBT) $ 9.71
  • based-brettBrett (BRETT) $ 0.139394
  • thorchainTHORChain (RUNE) $ 4.09
  • celestiaCelestia (TIA) $ 6.63
  • algorandAlgorand (ALGO) $ 0.155438
  • pyth-networkPyth Network (PYTH) $ 0.332567
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,397.55
  • jupiter-exchange-solanaJupiter (JUP) $ 0.870328
  • sei-networkSei (SEI) $ 0.353215
  • quant-networkQuant (QNT) $ 75.96
  • coredaoorgCore (CORE) $ 1.19
  • mantra-daoMANTRA (OM) $ 1.24
  • gatechain-tokenGate (GT) $ 7.63
  • elrond-erd-2MultiversX (EGLD) $ 36.03
  • flowFlow (FLOW) $ 0.605149
  • kucoin-sharesKuCoin (KCS) $ 9.57
  • flare-networksFlare (FLR) $ 0.020666
  • galaGALA (GALA) $ 0.024131
  • ethereum-name-serviceEthereum Name Service (ENS) $ 27.70
  • bitcoin-svBitcoin SV (BSV) $ 44.35
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,471.67
  • eosEOS (EOS) $ 0.578647
  • axie-infinityAxie Infinity (AXS) $ 5.84
  • beam-2Beam (BEAM) $ 0.017128
  • bittorrentBitTorrent (BTT) $ 0.00000089
  • akash-networkAkash Network (AKT) $ 3.55
  • dydx-chaindYdX (DYDX) $ 1.41
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.57
  • msolMarinade Staked SOL (MSOL) $ 187.53
  • tezosTezos (XTZ) $ 0.800087
  • neoNEO (NEO) $ 11.20
  • mog-coinMog Coin (MOG) $ 0.000002
  • starknetStarknet (STRK) $ 0.589516
  • ethenaEthena (ENA) $ 0.444279
  • the-sandboxThe Sandbox (SAND) $ 0.331189
  • ordinalsORDI (ORDI) $ 35.92
  • roninRonin (RON) $ 2.21
  • fasttokenFasttoken (FTN) $ 2.32
  • usddUSDD (USDD) $ 1.00
  • zebec-protocolZebec Protocol (ZBC) $ 0.014330
  • lido-staked-solLido Staked SOL (STSOL) $ 184.76
  • ecasheCash (XEC) $ 0.000036
  • gnosisGnosis (GNO) $ 277.05
  • popcatPopcat (POPCAT) $ 0.730967
  • conflux-tokenConflux (CFX) $ 0.165671
  • nexoNEXO (NEXO) $ 1.25
  • pendlePendle (PENDLE) $ 4.45
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,674.94
  • frax-etherFrax Ether (FRXETH) $ 3,387.93
  • decentralandDecentraland (MANA) $ 0.352729
  • fraxFrax (FRAX) $ 0.998312
  • zksyncZKsync (ZK) $ 0.172748
  • chilizChiliz (CHZ) $ 0.071220
  • havvenSynthetix Network (SNX) $ 1.90
  • worldcoin-wldWorldcoin (WLD) $ 2.24
  • heliumHelium (HNT) $ 3.66
  • mina-protocolMina Protocol (MINA) $ 0.529432
  • book-of-memeBOOK OF MEME (BOME) $ 0.008660
  • dexeDeXe (DEXE) $ 10.49
  • tether-goldTether Gold (XAUT) $ 2,426.67
  • safeSafe (SAFE) $ 1.40
  • oasis-networkOasis Network (ROSE) $ 0.087616
  • klay-tokenKlaytn (KLAY) $ 0.153457
  • swethSwell Ethereum (SWETH) $ 3,627.09
  • iotaIOTA (IOTA) $ 0.167573
  • wormholeWormhole (W) $ 0.309250
  • wemix-tokenWEMIX (WEMIX) $ 1.37
  • nervos-networkNervos Network (CKB) $ 0.012368
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.04
  • aioz-networkAIOZ Network (AIOZ) $ 0.484770
  • astarAstar (ASTR) $ 0.075702
  • 1inch1inch (1INCH) $ 0.423622
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000025
  • apecoinApeCoin (APE) $ 0.780534
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,722.66
  • raydiumRaydium (RAY) $ 2.00
  • axelarAxelar (AXL) $ 0.700269
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.004958
  • true-usdTrueUSD (TUSD) $ 1.00
  • livepeerLivepeer (LPT) $ 14.83
  • theta-fuelTheta Fuel (TFUEL) $ 0.071737
  • aevo-exchangeAevo (AEVO) $ 0.557116
  • bitcoin-goldBitcoin Gold (BTG) $ 26.86
  • aerodrome-financeAerodrome Finance (AERO) $ 0.856649
  • apenftAPENFT (NFT) $ 0.00000045
  • xdce-crowd-saleXDC Network (XDC) $ 0.029271
  • pax-goldPAX Gold (PAXG) $ 2,403.51
  • kavaKava (KAVA) $ 0.408946
  • illuviumIlluvium (ILV) $ 66.61
  • layerzeroLayerZero (ZRO) $ 4.00
  • stader-ethxStader ETHx (ETHX) $ 3,527.95
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.06
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000080
  • zcashZcash (ZEC) $ 28.83
  • usdbUSDB (USDB) $ 0.997236
  • iotexIoTeX (IOTX) $ 0.042009
  • singularitynetSingularityNET (AGIX) $ 0.593653
  • echelon-primeEchelon Prime (PRIME) $ 9.03
  • woo-networkWOO (WOO) $ 0.201515
  • magaMAGA (TRUMP) $ 8.29
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • mx-tokenMX (MX) $ 3.92
  • h2o-daoH2O Dao (H2O) $ 0.452147
  • compound-ethercETH (CETH) $ 68.62
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.072092
  • safepalSafePal (SFP) $ 0.781511
  • memecoin-2Memecoin (MEME) $ 0.016250
  • curve-dao-tokenCurve DAO (CRV) $ 0.300367
  • rocket-poolRocket Pool (RPL) $ 17.25
  • arkhamArkham (ARKM) $ 1.52
  • kusamaKusama (KSM) $ 23.22
  • corgiaiCorgiAI (CORGIAI) $ 0.001029
  • compound-governance-tokenCompound (COMP) $ 50.81
  • stepnGMT (GMT) $ 0.152889
  • aragonAragon (ANT) $ 8.64
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.003855
  • osmosisOsmosis (OSMO) $ 0.509107
  • golemGolem (GLM) $ 0.329250
  • holotokenHolo (HOT) $ 0.001836
  • compound-wrapped-btccWBTC (CWBTC) $ 1,279.62
  • dashDash (DASH) $ 27.12
  • dydxdYdX (ETHDYDX) $ 1.41
  • zilliqaZilliqa (ZIL) $ 0.016965
  • blurBlur (BLUR) $ 0.181380
  • pepecoin-2PepeCoin (PEPECOIN) $ 2.65
  • blastBlast (BLAST) $ 0.017414
  • manta-networkManta Network (MANTA) $ 0.894225
  • radixRadix (XRD) $ 0.028962
  • celoCelo (CELO) $ 0.558602
  • project-galaxyGalxe (GAL) $ 2.55
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,568.26
  • enjincoinEnjin Coin (ENJ) $ 0.181761
  • justJUST (JST) $ 0.030089
  • beldexBeldex (BDX) $ 0.044370
  • 0x0x Protocol (ZRX) $ 0.347912
  • ankrAnkr Network (ANKR) $ 0.029378
  • jito-governance-tokenJito (JTO) $ 2.36
  • aelfaelf (ELF) $ 0.400659
  • basic-attention-tokenBasic Attention (BAT) $ 0.193019
  • m2-global-wealth-limited-mmxMMX (MMX) $ 2.00
  • aethirAethir (ATH) $ 0.075533
  • terra-luna-2Terra (LUNA) $ 0.415549
  • superfarmSuperVerse (SUPER) $ 0.628946
  • turboTurbo (TURBO) $ 0.004105
  • polymeshPolymesh (POLYX) $ 0.263036
  • siacoinSiacoin (SC) $ 0.004866
  • origintrailOriginTrail (TRAC) $ 0.691920
  • casper-networkCasper Network (CSPR) $ 0.022379
  • dymensionDymension (DYM) $ 1.42
  • biconomyBiconomy (BICO) $ 0.326409
  • ravencoinRavencoin (RVN) $ 0.019201
  • ethereum-pow-iouEthereumPoW (ETHW) $ 2.48
  • qtumQtum (QTUM) $ 2.51
  • gmxGMX (GMX) $ 27.40
  • ether-fiEther.fi (ETHFI) $ 2.26
  • amp-tokenAmp (AMP) $ 0.004625
  • centrifugeCentrifuge (CFG) $ 0.522652
  • reserve-rights-tokenReserve Rights (RSR) $ 0.005119
  • bitcoin-avalanche-bridged-btc-bBitcoin Avalanche Bridged (BTC.b) (BTC.B) $ 63,673.00
  • nxmNexus Mutual (NXM) $ 68.14
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,564.73
  • metis-tokenMetis (METIS) $ 44.27
  • ocean-protocolOcean Protocol (OCEAN) $ 0.583342
  • gasGas (GAS) $ 3.87
  • ssv-networkSSV Network (SSV) $ 35.02
  • venomVenom (VENOM) $ 0.147942
  • nosanaNosana (NOS) $ 2.96
  • ioio.net (IO) $ 2.56
  • bloxBlox (CDT) $ 0.360655
  • ponkePONKE (PONKE) $ 0.484695
  • skaleSKALE (SKL) $ 0.046472
  • goldfinchGoldfinch (GFI) $ 3.10
  • api3API3 (API3) $ 2.05
  • altlayerAltLayer (ALT) $ 0.144584
  • mask-networkMask Network (MASK) $ 2.33
  • mythosMythos (MYTH) $ 0.341020
  • paal-aiPAAL AI (PAAL) $ 0.268530
  • zelcashFlux (FLUX) $ 0.649391
  • vethor-tokenVeThor (VTHO) $ 0.002849
  • chiaChia (XCH) $ 20.79
  • chromawayChromia (CHR) $ 0.266067
  • decredDecred (DCR) $ 13.70
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 31.45
  • threshold-network-tokenThreshold Network (T) $ 0.022350
  • rollbit-coinRollbit Coin (RLB) $ 0.085718
  • tribe-2Tribe (TRIBE) $ 0.472880
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000
  • arcblockArcblock (ABT) $ 2.10
  • frax-shareFrax Share (FXS) $ 2.55
  • olympusOlympus (OHM) $ 12.54
  • yearn-financeyearn.finance (YFI) $ 6,029.81
  • tbtctBTC (TBTC) $ 63,513.00
  • apu-s-clubApu Apustaja (APU) $ 0.000620
  • loopringLoopring (LRC) $ 0.159255
  • bouncebitBounceBit (BB) $ 0.480622
  • zetachainZetaChain (ZETA) $ 0.691469
  • convex-financeConvex Finance (CVX) $ 2.37
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 17.81
  • tellorTellor Tributes (TRB) $ 74.88
  • ampleforthAmpleforth (AMPL) $ 1.28
  • moonbeamMoonbeam (GLMR) $ 0.216587
  • coinex-tokenCoinEx (CET) $ 0.065880
  • yield-guild-gamesYield Guild Games (YGG) $ 0.505778
  • zencashHorizen (ZEN) $ 12.38
  • wrapped-centrifugeWrapped Centrifuge (WCFG) $ 0.522006
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.04
  • osaka-protocolOsaka Protocol (OSAK) $ 0.00000025
  • space-idSPACE ID (ID) $ 0.431534
  • pay-coinPaycoin (PCI) $ 0.182812
  • across-protocolAcross Protocol (ACX) $ 0.455292
  • delysiumDelysium (AGI) $ 0.185843
  • swissborgSwissBorg (BORG) $ 0.182211
  • creditcoin-2Creditcoin (CTC) $ 0.514114
  • harmonyHarmony (ONE) $ 0.014510
  • ontologyOntology (ONT) $ 0.196704
  • umaUMA (UMA) $ 2.17
  • instadappInstadapp (INST) $ 2.11
  • desoDecentralized Social (DESO) $ 16.63
  • oec-tokenOKT Chain (OKT) $ 9.76
  • edu-coinOpen Campus (EDU) $ 0.663973
  • kadenaKadena (KDA) $ 0.614654
  • vanar-chainVanar Chain (VANRY) $ 0.122448
  • memes-go-to-the-moonMEMES•GO•TO•THE•MOON (Runes) (MEMES) $ 0.001720
  • audiusAudius (AUDIO) $ 0.138796
  • metaplexMetaplex (MPLX) $ 0.317179
  • telcoinTelcoin (TEL) $ 0.002180
  • netmind-tokenNetMind Token (NMT) $ 4.51
  • linkFINSCHIA (FNSA) $ 21.17
  • band-protocolBand Protocol (BAND) $ 1.17
  • escoin-tokenEscoin (ELG) $ 0.912967
  • zignalyZignaly (ZIG) $ 0.116438
  • alchemix-usdAlchemix USD (ALUSD) $ 0.971733
  • billyBilly (BILLY) $ 0.163749
  • truefiTrueFi (TRU) $ 0.139146
  • taikoTaiko (TAIKO) $ 2.51
  • pixelsPixels (PIXEL) $ 0.202009
  • aleph-zeroAleph Zero (AZERO) $ 0.483029
  • iconICON (ICX) $ 0.153522
  • balancerBalancer (BAL) $ 2.65
  • swipeSolar (SXP) $ 0.250779
  • non-playable-coinNon-Playable Coin (NPC) $ 0.018918
  • helium-mobileHelium Mobile (MOBILE) $ 0.001612
  • marlinMarlin (POND) $ 0.018696
  • neutron-3Neutron (NTRN) $ 0.450664
  • cotiCOTI (COTI) $ 0.091619
  • liskLisk (LSK) $ 0.982478
  • 0x0-ai-ai-smart-contract0x0.ai: AI Smart Contract (0X0) $ 0.159454
  • iexec-rlciExec RLC (RLC) $ 1.96
  • bitmart-tokenBitMart (BMX) $ 0.415579
  • songbirdSongbird (SGB) $ 0.009436
  • insureinSure DeFi (SURE) $ 0.005310
  • sushiSushi (SUSHI) $ 0.718351
  • ecomiECOMI (OMI) $ 0.000507
  • digibyteDigiByte (DGB) $ 0.008017
  • saga-2Saga (SAGA) $ 1.41
  • andy-the-wisguyANDY ETH (ANDY) $ 0.000139
  • omni-networkOmni Network (OMNI) $ 13.11
  • universal-ethUniversal ETH (UNIETH) $ 3,643.38
  • bitkub-coinBitkub Coin (KUB) $ 1.53
  • harrypotterobamasonic10inHarryPotterObamaSonic10Inu (ETH) (BITCOIN) $ 0.135838
  • stasis-eursSTASIS EURO (EURS) $ 1.09
  • hivemapperHivemapper (HONEY) $ 0.064611
  • magicMagic (MAGIC) $ 0.522793
  • vvs-financeVVS Finance (VVS) $ 0.000003
  • coin98Coin98 (C98) $ 0.168926
  • metars-genesisMetars Genesis (MRS) $ 1.59
  • waxWAX (WAXP) $ 0.038807
  • world-mobile-tokenWorld Mobile Token (WMT) $ 0.219955
  • kujiraKujira (KUJI) $ 1.09
  • listaLista DAO (LISTA) $ 0.568792
  • bone-shibaswapBone ShibaSwap (BONE) $ 0.522732
  • ongOntology Gas (ONG) $ 0.338800
  • lcxLCX (LCX) $ 0.167511
  • prometeusProm (PROM) $ 7.05
  • gmt-tokenGomining Token (GOMINING) $ 0.304329
  • cartesiCartesi (CTSI) $ 0.154953
  • banana-gunBanana Gun (BANANA) $ 52.84
  • mocaverseMoca Coin (MOCA) $ 0.110488
  • nemNEM (XEM) $ 0.013922
  • kendu-inuKendu Inu (KENDU) $ 0.000125
  • myroMyro ($MYRO) $ 0.125868
  • tokenfiTokenFi (TOKEN) $ 0.077762
  • nanoNano (XNO) $ 0.929609
  • oraichain-tokenOraichain (ORAI) $ 7.65
  • origin-etherOrigin Ether (OETH) $ 3,380.07
  • alchemy-payAlchemy Pay (ACH) $ 0.024972
  • strideStride (STRD) $ 1.35
  • dusk-networkDusk (DUSK) $ 0.262120
  • smooth-love-potionSmooth Love Potion (SLP) $ 0.002932
  • polygon-ecosystem-tokenPolygon Ecosystem Token (POL) $ 0.536052
  • wexoWexo (WEXO) $ 2.30
  • peipeicoin-vipPeiPei (PEIPEI) $ 0.00000028
  • dao-makerDAO Maker (DAO) $ 0.473389
  • paxos-standardPax Dollar (USDP) $ 1.00
  • alexgoALEX Lab (ALEX) $ 0.147999
  • smardexSmarDex (SDEX) $ 0.013718
  • zentryZentry (ZENT) $ 0.020769
  • mapleMaple (MPL) $ 14.80
  • iostokenIOST (IOST) $ 0.006120
  • boraBORA (BORA) $ 0.104027
  • michicoinmichi ($MICHI) $ 0.203980
  • rss3RSS3 (RSS3) $ 0.168890
  • btse-tokenBTSE Token (BTSE) $ 0.700732
  • joeJOE (JOE) $ 0.332952
  • sun-tokenSun Token (SUN) $ 0.011500
  • gigachad-2Gigachad (GIGA) $ 0.011780
  • ozone-chainOzone Chain (OZO) $ 0.228802
  • chex-tokenCHEX Token (CHEX) $ 0.112464
  • energy-web-tokenEnergy Web (EWT) $ 2.14
  • bobo-coinBOBO Coin (BOBO) $ 0.000002
  • crvusdcrvUSD (CRVUSD) $ 0.997837
  • tokenlonTokenlon (LON) $ 0.952830
  • gains-networkGains Network (GNS) $ 3.25
  • everipediaIQ (IQ) $ 0.005928
  • milady-meme-coinMilady Meme Coin (LADYS) $ 0.00000012
  • gemini-dollarGemini Dollar (GUSD) $ 1.00
  • kinesis-silverKinesis Silver (KAG) $ 30.96
  • ix-swapIX Swap (IXS) $ 0.614525
  • wrapped-quilWrapped QUIL (QUIL) $ 0.304073
  • coq-inuCoq Inu (COQ) $ 0.000002
  • nkyc-tokenNKYC Token (NKYC) $ 27.18
  • everscaleEverscale (EVER) $ 0.054357
  • kinesis-goldKinesis Gold (KAU) $ 78.23
  • power-ledgerPowerledger (POWR) $ 0.204087
  • data-ownership-protocolData Ownership Protocol (DOP) $ 0.013302
  • numeraireNumeraire (NMR) $ 14.56
  • synapse-2Synapse (SYN) $ 0.486334
  • apex-token-2ApeX (APEX) $ 2.25
  • milk-allianceMiL.k Alliance (MLK) $ 0.286622
  • venusVenus (XVS) $ 6.53
  • big-timeBig Time (BIGTIME) $ 0.105603
  • merlin-chainMerlin Chain (MERL) $ 0.288788
  • cyberconnectCYBER (CYBER) $ 4.43
  • enduranceFusionist (ACE) $ 3.02
  • the-real-landwolfLandWolf (WOLF) $ 0.010269
  • slerfSlerf (SLERF) $ 0.203277
  • alephiumAlephium (ALPH) $ 1.23
  • wilder-worldWilder World (WILD) $ 0.359950
  • statusStatus (SNT) $ 0.025322
  • bazaarsBazaars (BZR) $ 8.59
  • phaPHALA (PHA) $ 0.135992
  • boba-networkBoba Network (BOBA) $ 0.261195
  • pundi-x-2Pundi X (PUNDIX) $ 0.386095
  • mines-of-dalarniaMines of Dalarnia (DAR) $ 0.168194
  • spell-tokenSpell (SPELL) $ 0.000679
  • my-neighbor-aliceMy Neighbor Alice (ALICE) $ 1.08
  • wavesWaves (WAVES) $ 0.990548
  • auctionBounce (AUCTION) $ 15.08
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Venezuela to Slash Six Zeros From Its Currency to Facilitate Payments

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			    Venezuela to Slash Six Zeros From Its Currency to Facilitate Payments

The government of Venezuela is considering a new redenomination of its fiat currency. The proposal that is under study would cut six zeroes from the inflation-affected Bolivar. This would aid companies in processing taxes and provider payments that are absurdly complex with today’s numbers. However, the dollar is the predominant coin in retail payments in Venezuela, according to consulting firms.

Venezuela to Redenominate Its Currency

The government of Venezuela is studying a mathematical redenomination of its currency, the sovereign bolivar, to simplify payments for big companies. This redenomination would slash six zeros, making it easier to calculate payments now reaching high sums. While there has not been an official announcement yet, Bloomberg reported this subject was commented on by three people with knowledge of the matter.

The new measure comes to aid companies who had to make big payments in bolivars. This would also aid consumers paying in bolivars using POS terminals, who now have to swipe their cards several times due to system limits. However, this measure shows the government has failed in controlling inflation and devaluation of the currency. The bolivar now trades at approx. 3,200,000 VES per dollar (or 3.2 redenominated VES per dollar).

Most of the payments in the country are now digital, so the government would not have to print many bills to substitute the amount of cash present in the market. According to some estimations made by Econometrica, a national consulting agency, only 1.9% of the money in the Venezuelan system is cash. The highest note has a value of 1,000,000 VES, or about $0.30, and is only useful to pay for bus fares.

Not the First Time

This is not the first time Venezuela’s central bank will have taken such a measure. In fact, citizens have already gone through this process twice. The first event of monetary reconversion happened in 2008, and it slashed three zeros from the bolivar. At that time, the country was in a very different situation, with interannual inflation of only 20.44%.

The second conversion was applied not so long ago, in 2018, and it deleted five zeros from the currency. This time, Venezuela was in dire straits, facing a hyperinflationary process and the start of sanctions that would impact economic development. Around that time, the government launched Petro, its official cryptocurrency, as an attempt of countering this situation.

This means that in less than 15 years, Venezuela will have slashed 14 zeroes off of its currency. But, without any effective measures to counter inflation, this only serves as a bandaid for some citizens affected by the current situation.

What do you think about the latest fiat currency redenomination in Venezuela? Tell us in the comments section below.

Source: news.bitcoin.com

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