Gate News Bot Message, February 24 — According to CoinMarketCap data, at the time of press, ESP (Espresso) is trading at $0.10, up 40.75% over the past 24 hours, with a high of $0.11 and a low of $0.06. The 24-hour trading volume reached $173 million. The current market cap is approximately $53.6 million, an increase of $15.5 million from yesterday.
Espresso Network is a cross-chain composability infrastructure within the Ethereum ecosystem, dedicated to enabling seamless collaboration across all blockchains. The Espresso Network has recently launched its mainnet, providing foundational support for Rollup, Validium, and other L2/L3 scaling solutions.
The ESP Claim Portal is now open, allowing users to claim tokens and stake them to unlock enhanced staking rewards. The Espresso Foundation brings together independent organizations and individuals to promote an open, composable, and permissionless internet vision. Partners include Espresso Systems, Offchain Labs, Caldera, AltLayer, and other industry-leading teams.
Important recent updates on ESP:
1️⃣ Mainnet launch and token activation
The official launch of the Espresso Network mainnet and the activation of the ESP token serve as key market catalysts. As a cross-chain composability infrastructure within the Ethereum ecosystem, the network’s launch marks the project’s transition from testing to actual operational phase, providing real foundational support for cross-chain collaboration. This milestone has sparked market expectations for the project’s future development.
2️⃣ Airdrop plan and ecosystem incentives
The implementation of the ESP token airdrop has attracted widespread user participation and market attention. The Claim Portal’s opening allows eligible users to claim tokens, while the staking mechanism offers enhanced rewards, further incentivizing long-term holders. This multi-layered incentive design helps rapidly build the project’s initial user base.
3️⃣ Strategic ecosystem partnerships
The collaboration between the Espresso Foundation and industry leaders such as Offchain Labs, Caldera, and AltLayer strengthens the project’s strategic position within Ethereum Layer 2 scaling solutions. Endorsements from these partners support the project’s technical implementation and market application, boosting investor confidence in its long-term value.
This message is not investment advice. Investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
$USDT and $USDC Dominate Top Stablecoins By Market Capitalization
The essay discusses the market capitalization of stablecoins, highlighting Tether ($USDT) as the dominant player with a market cap of $183.9B, representing 58.58% of the total stablecoin market. It lists other significant stablecoins and their market positions, noting the total stable market cap is $320.06B.
BlockChainReporter3h ago
Today’s top 100 cryptocurrencies by market cap gainers and losers: SHIB up 9.10%, M down 4.96%
On March 10th, among the top 100 cryptocurrencies in the market, Shiba Inu rose by 9.10%, ranking first in gains. Among the top five declines, MemeCore and Humanity Protocol both dropped by 4.96%.
GateNews4h ago
Strategy Breaks Record with One-Day STRC Stock Sale
Strategy Inc. achieved record trading volume with its Stretch preferred stock issuance, raising capital to fund aggressive Bitcoin acquisitions. The firm continues to leverage capital markets, enhancing its position as a leading corporate Bitcoin holder.
DailyCoin4h ago
Gold and silver prices rose over 1.5% intraday, while BTC and ETH volatility indices dropped over 7%
On March 10th, gold prices rose to $5,218.17 per ounce, and silver prices reached $89.076 per ounce. The cryptocurrency volatility indices BTCD and ETHD both declined. The US dollar against the Chinese yuan slightly decreased, while it slightly appreciated against the Japanese yen. Global stock indices generally rose, and WTI and Brent crude oil prices both increased. The Gate platform supports trading of multiple assets.
GateNews5h ago
U.S. stock market opens with a broad increase in the crypto sector, Circle up 9.74%
Gate News Report, March 10: According to msx.com data, U.S. stocks opened lower, with the Dow down 0.13%, the S&P 500 down 0.03%, and the Nasdaq up 0.1%. Crypto-related stocks generally rose, with Circle up 9.74%, Bit Digital up 3.87%, Robinhood up 2.99%, a certain CEX up 2.92%, and Hut 8 up 0.45%.
GateNews6h ago
Altcoins Surge Back Above $1.3T as Markets Rally After Greenland Crisis Resolution
On January 22, altcoins rebounded nearly 10% to $1.39 trillion due to eased global tensions, with Ethereum leading gains. Despite some volatility, the combined market cap stabilized at $1.32 trillion as other altcoins also showed modest recovery.
Coinpedia6h ago
