Golem logo

Golem

GLM

Explore Golem

Create a Coinbase account to buy and sell Golem and start your crypto journey!

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.

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.

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.

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.

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.

About Golem

GLM is an Ethereum token that allows users to pay or receive payment for resources via the Golem protocol. The protocol aims to allow participants in the network to loan out their computer’s spare processing power to others.

Golem (GLM) is a decentralized computation network that strives to distribute excess computing power to those who need it. Initiated in 2018 by Golem Factory, the network operates on a peer-to-peer basis, allowing users to exchange computation. In this network, every user is equally important, and there's no central authority. The Golem Network Token (GNT), now migrated to GLM, is the currency that facilitates the marketplace. Users, known as Requestors, set a bid for an amount of GLM they are willing to give in exchange for their tasks being completed. Providers, on the other hand, receive GLM by computing tasks for Requestors.

Golem operates by breaking down complex tasks into smaller subtasks and distributing them across the network. This process eliminates the need for a central authority and allows for a more efficient use of computing resources. Users can set their minimum and maximum price thresholds in their settings, providing flexibility and control over how much they are willing to give or receive. The Golem Network includes various tools such as Golem SDKs, execution environments, and APIs in Python, JavaScript, and Rust. These tools strive to facilitate the process of exchanging computation on the network.

Golem aims to provide a platform for a wide range of use cases. It can be used for tasks that require significant computational power, such as scientific calculations, machine learning, and CGI rendering. By distributing these tasks across a network of users, Golem strives to make these applications more accessible. Additionally, Golem's Application Registry allows any interested party to create and deploy software to the network, potentially opening up new possibilities for software development and distribution.

The Golem Project was first announced in 2016 by Golem Factory and launched on the mainnet in 2018. The idea for Golem Network was first presented during DevCon 0 in November 2014 as a decentralized platform for computer-intensive projects. After the concept was introduced, the team worked towards developing the Golem Network, launching a public crowdfunding event in 2016. In 2019, the team realized that they needed a new architecture to build a more generalized platform for distributed compute, leading to a new approach and architecture. Over the course of 2020, the Golem Network team built a completely new protocol, architecture, and codebase.

Market

United Kingdom Market Stats

Market cap

£284.9M

Volume (24h)

£13.4M

Circulating supply

1.0B GLM

Typical hold time

14 days

Popularity

#155

All time high

£0.99

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.

United Kingdom Market performance

Price change (1h)

-0.42%

Price change (1d)

-3.55%

Price change (1w)

-12.42%

Price change (2w)

-25.88%

Price change (1m)

-34.89%

Price change (1y)

+105.42%

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.

Related Assets

Discover conversions

A selection of conversions from different assets to top cryptocurrencies.

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to Golem in market cap.

Advanced trading

Here is a selection of spot and futures markets that people watch

Discover more assets

A selection of other relevant cryptocurrencies

Social

Some highlights about Golem on social media

276 unique individuals are talking about Golem and it is ranked #588 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Golem has an average sentiment score of 3.1 out of 5. Finally, Golem is becoming more newsworthy, with 0 news articles published about Golem. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Golem. There were 12.12% of tweets with bullish sentiment compared to 15.15% of tweets with a bearish sentiment about Golem. 72.73% of tweets were neutral about Golem. These sentiments are based on 33 tweets.

On Reddit, Golem was mentioned in 4 Reddit posts and there were 11 comments about Golem. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Powered by LunarCrush

Overview

Contributors

276 people

Posts

81 posts

Dominance

0.1%

Volume rank

#588

Average Sentiment

3.1 out of 5

Twitter

Reddit

Comments

11

Golem is on the decline this week.

The price of Golem has decreased by 0.42% in the last hour and decreased by 3.55% in the past 24 hours. Golem’s price has also fallen by 12.42% in the past week. The current price is £0.28 per GLM with a 24-hour trading volume of £13.44M. Currently, Golem is valued at 71.32% below its all time high of £0.99. This all-time high was the highest price paid for Golem since its launch.

The current circulating supply of Golem is 1,000,000,000 GLM which means that Golem has as total market cap of 1,000,000,000.

FAQ

What is the current price of Golem?

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

What is the market cap of Golem?

The current market cap of Golem is £284.87M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Golem?

The all-time high of Golem is £0.99. This all-time high is highest price paid for Golem since it was launched.

What is the 24 hour trading volume of Golem?

Over the last 24 hours, the trading volume of Golem is £13.44M.

What other assets are similar to Golem?

Assets that have a similar market cap to Golem include Orbler, Basic Attention Token, Moonbeam, and many others. To see a full list, see our comparable market cap assets.

How many Golem are there?

The current circulating supply of Golem is 1 billion.

What is the typical holding time of Golem?

The median time that Coinbase customers hold Golem before selling it or sending it to another account or address is 14 days.

What is the relative popularity of Golem?

Golem ranks 200 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Golem?

Currently, 88% of Coinbase users are buying Golem. In other words, 88% of Coinbase customers have increased their net position in Golem over the past 24 hours through trading.

Can I buy Golem on Coinbase?

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