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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

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Enzyme

MLN

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Enzyme

MLN is an Ethereum token that powers Enzyme (formerly known as Melon Protocol), a protocol that aims to facilitate on-chain asset management for the DeFi ecosystem. MLN allows users to build, share, and explore DeFi investment strategies (called “vaults”) while filtering by historical performance and risk profiles. MLN is used to pay for various functions throughout the vault creation process and investment lifecycle.

Resources

Whitepaper
Official website

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market Stats

Market cap

£44.8M

Volume (24h)

£3.1M

Circulating supply

2.7M MLN

Typical hold time

54 days

Popularity

#578

All time high

£216.19

Price change (1h)

-0.1%

Price change (24h)

-1.65%

Price change (7d)

-9.07%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Enzyme is on the decline this week.

The price of Enzyme has decreased by 0.10% in the last hour and decreased by 1.65% in the past 24 hours. Enzyme’s price has also fallen by 9.07% in the past week. The current price is £16.84 per MLN with a 24-hour trading volume of £3.08M. Currently, Enzyme is valued at 92.21% below its all time high of £216.19. This all-time high was the highest price paid for Enzyme since its launch.

The current circulating supply of Enzyme is 2,665,480.527 MLN which means that Enzyme has as total market cap of 2,665,480.527.

FAQ

What is the current price of Enzyme?

We update our Enzyme to GBP currency in real-time. Get the live price of Enzyme on Coinbase.

What is the market cap of Enzyme?

The current market cap of Enzyme is £44.80M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Enzyme?

The all-time high of Enzyme is £216.19. This all-time high is highest price paid for Enzyme since it was launched.

What is the 24 hour trading volume of Enzyme?

Over the last 24 hours, the trading volume of Enzyme is £3.08M.

What other assets are similar to Enzyme?

Assets that have a similar market cap to Enzyme include Velas, WAGMI Games, Wanchain, and many others. To see a full list, see our comparable market cap assets.

How many Enzyme are there?

The current circulating supply of Enzyme is 2.7 million.

What is the typical holding time of Enzyme?

The median time that Coinbase customers hold Enzyme before selling it or sending it to another account or address is 54 days.

What is the relative popularity of Enzyme?

Enzyme ranks 175 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Enzyme?

Currently, 63% of Coinbase users are buying Enzyme. In other words, 63% of Coinbase customers have increased their net position in Enzyme over the past 24 hours through trading.

Can I buy Enzyme on Coinbase?

Yes, Enzyme is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Enzyme guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024