- io.net (IO) hits a new all-time high of $6.45, up 70% in the past day.
- IO’s daily trading volume surged 61% in 24 hours, reaching $1.81 billion.
Today, the price of io.net (IO) piqued 70%, hitting a new all-time high of $6.45. The Solana based, Binance’s 55th project IO initially displayed a 20% drop post-launch on Binance. However, io.net has now shown a strong rally, climbing to a market cap of over $558 million.
At the time of writing, the price of IO stood at $5.93 and witnessed a 55% increase in intraday trading, as per CoinMarketCap data. The token’s surge is attributed to high transaction volumes and positive investor sentiment. io.net’s daily trading volume surged by 61%, reaching $1.81 billion in the last 24 hours.
io.net Gains Momentum with Binance
io.net is a Solana-based decentralized physical infrastructure network (DePIN) project that aims to provide AI compute-as-a-currency, powered by the IO token. Further, this ecosystem offers extensive computing resources for users.
The current price rally is boosted by IO’s listing on the prominent crypto exchanges like KuCoin and Binance. However, io.net promotes itself as the largest decentralized computing network globally, offering affordable, scalable clusters for machine learning engineers.
Since its launch on June 11, IO has been in high demand, driven by market excitement and a maximum supply of 800 million IO tokens. Additionally, Solana users are actively purchasing IO. A trader spent 3,120 SOL to acquire 85,326 IO tokens, as per Lookonchain data.
