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Gelato (GEL) is not tradable on Coinbase.

Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more

Gelato logo

Gelato

GEL

About Gelato

Gelato is a platform that aims to facilitate transaction execution at a set time. According to the whitepaper, the network operates as a decentralized automation protocol. The forum comprises smart contracts developed on Ethereum and executor infrastructure services to help users automate transactions. The platform aims to solve the lack of sophistication, reliability, and centralization around the DApps that seek to offer automated smart contract executions on a user’s behalf.

Automation is absent in decentralized finance (DeFi) applications running on public blockchains like Ethereum. This is due to the lack of automation within the Ethereum Virtual Machine, where programs run only for a few milliseconds at a time. Hence, the smart contract programs can only store two things: state and logic. Further, rather than an internal mechanism, autonomous transactions occur via external organizations that run specialized bots in the background. Another concern is the need for a decentralized and reliable network of bots, as relying on centralized parties to execute users’ transactions reduces the benefits of trustlessness and censorship resistance.

The Gelato platform therefore creates an underlying infrastructure that provides developers a robust decentralized network of bots that can be instructed to monitor the state of protocols off-chain and implement arbitrary transactions on their behalf, meeting the pre-specified conditions.

The network seeks to become the backbone of all automated smart contract execution on each smart contract platform, offering decentralization, developer friendliness, and reliability. The platform aims to offer certain features:

The platform’s whitepaper was released in September 2021. IThe token was launched on September 13, 2021.

Hilmar Orth and Luis Schliesske are the platform’s cofounders. They have also cofounded another blockchain startup that focused on facilitating companies in Europe in using smart contracts to find new business models. They later developed the Gelato platform to help them build automated DApps. They both are finance graduates and have worked with several startups.

Other core members of the team include Matthieu Marie Joseph, Ari Rodriguez, Yahya, Jun Gong, and Pedro Cruz.

Market

Market stats

Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

$33.8M

Volume (24h)

$84,277.76

Circulating supply

110.0M GEL

All time high

$3.99

Market performance

Price change (1h)

+0.09%

Price change (1d)

+3.6%

Price change (1w)

-8.38%

Price change (2w)

-21.62%

Price change (1m)

+12.34%

Price change (1y)

+12.3%

Coinbase Bytes

Coinbase Bytes

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Gelato is on the decline this week.

The price of Gelato has increased by 0.09% in the last hour and increased by 3.60% in the past 24 hours. Gelato’s price has also fallen by 8.38% in the past week. The current price is $0.31 per GEL with a 24-hour trading volume of $84.28K. Currently, Gelato is valued at 92.29% below its all time high of $3.99. This all-time high was the highest price paid for Gelato since its launch.

The current circulating supply of Gelato is 109,951,522.855 GEL which means that Gelato has as total market cap of 109,951,522.855.

FAQ

What is the current price of Gelato?

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

What is the market cap of Gelato?

The current market cap of Gelato is $33.80M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Gelato?

The all-time high of Gelato is $3.99. This all-time high is highest price paid for Gelato since it was launched.

What is the 24 hour trading volume of Gelato?

Over the last 24 hours, the trading volume of Gelato is $84.28K.

What other assets are similar to Gelato?

Assets that have a similar market cap to Gelato include IQ, ChainGPT, ERC20, and many others. To see a full list, see our comparable market cap assets.

How many Gelato are there?

The current circulating supply of Gelato is 110 million.

Can I buy Gelato on Coinbase?

Yes, Gelato is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Gelato guide.