Current Tellor (TRB) Price Overview
- Price: $34.86
- 24h Change: -3.45%
- Price Range: $33.83 – $36.34
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Tellor (TRB) Key Metrics
| Metric | Value |
|---|---|
| Market Cap | $93.66M |
| 24h Trading Volume | $17.04M |
| Circulating Supply | 2.69M TRB (97.3% of total) |
| Total Supply | 2.76M TRB |
| All-Time High (ATH) | $588.62 (31 Dec 2023) |
What Is Tellor (TRB)?
Tellor is a decentralized oracle network designed to bridge off-chain data with blockchain-based DeFi applications. Its core features include:
- On-Chain Data Feeds: Miners compete to submit verified data points (e.g., price feeds) every 10 minutes.
TRB Token Utility:
- Pays for data requests.
- Rewards miners for accurate submissions.
- Governs protocol upgrades through voting.
- Security: Decentralized validation mechanisms prevent manipulation.
TRB Price Analysis & Trends
- Recent Performance: TRB has shown volatility, with a 94.1% decline from its ATH.
- Market Position: Holds 0.00% of total crypto market share.
- Adoption: Used by DeFi projects requiring reliable external data.
Tellor Ecosystem
Official Resources:
FAQs About Tellor (TRB)
1. How does Tellor differ from Chainlink?
Tellor uses a proof-of-work mining model for data submission, while Chainlink relies on a curated node network. Both serve as decentralized oracles but with distinct consensus mechanisms.
2. What drives TRB’s price volatility?
- Demand for DeFi oracle services.
- Crypto market sentiment.
- Miner activity and token circulation.
3. Can TRB tokens be staked?
Yes, TRB holders can participate in governance and earn rewards by staking tokens to validate data accuracy.
4. What’s Tellor’s maximum supply?
Capped at 2.76 million TRB, with 2.69 million already circulating.
5. Where can I buy TRB?
TRB is available on major exchanges like OKX, Binance, and Coinbase.
Conclusion
Tellor (TRB) remains a critical infrastructure project for DeFi, despite recent price corrections. Its unique mining-based oracle system offers transparency and security for decentralized applications. For real-time updates, monitor TRB’s price action and network developments closely.