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Router Protocol

ROUTE

Price
$2.94
10/1/2022, 5:11:56 PM
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Market

Market stats

Market cap

$25.6M

Volume (24h)

$1.1M

Circulating supply

8.7M ROUTE

All time high

$19.04

Price change (1h)

-0.33%

Price change (24h)

-4.35%

Price change (7d)

+9.15%

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Router Protocol is on the rise this week.

The price of Router Protocol has risen by 9.15% in the past 7 days. The price declined by 4.35% in the last 24 hours. In just the past hour, the price shrunk by 0.33%. The current price is $2.940275 per ROUTE. Router Protocol is 84.56% below the all time high of $19.04.

The current circulating supply is 8,716,758.317 ROUTE.

About

What Is Router Protocol (ROUTE)?

The Router Protocol is a cross-chain protocol that focuses on bridging assets across multiple Layer 1 (base layer blockchain architecture, e.g., Ethereum) and Layer 2 (off-chain network lying on top of the layer one blockchain) networks using stablecoins as a medium of exchange. 

In addition to the transfer of assets, the Router Protocol also enables the safe and transparent flow of arbitrary messages across chains, thus extending DeFi's composability across different blockchains. The protocol has the following features:

  • Cross-Chain Swap:With Router Protocol, users can convert an asset into different asset on another blockchain. For example, users can swap the SHIBA token on Polygon for the CAKE token on BSC.

  • Flexible Fees:Users can pay Router Protocol transaction fees in multiple ways, using USDC or the ROUTE token. An additional platform incentive is for the community, where users get 50% off payment fees in ROUTE.

  • Modular Mesh Network:The Router Protocol builds a mesh to connect different blockchain networks. The mesh network is more scalable than traditional networks and acts as a link between two blockchains. 

  • Cross-Chain Settlement Engine:The Router Protocol ensures that the user's funds are not blocked and provides the settlement of all transactions.

  • Proprietary Pathfinder Algorithm:The router uses a pathfinder algorithm to find the ideal path for cross-chain exchanges.

  • Plug and Play for Developers:Router Protocol allows developers to leverage the software development kits (SDK) to build complex cross-chain blockchain applications. 

  • AMM Fallback: The router protocol uses DFYN AMM as a backup source during the lack of stable assets to enable cross-chain asset transfers. While the router can connect to any AMM or DEX, it is optimized to work with the internal DEX, DFYN Exchange, to ensure transaction completeness. AMM is a tool utilized to supply liquidity (token pool) in decentralized finance (DeFi) without the intervention of a third party to set the price of an asset.

ROUTE is the native token of the protocol. The ROUTE token allows users to use their token to contribute to governance by voting on router proposals for protocol changes. The Router Protocol imposes cross-chain transaction fees, split between validators and liquidity providers. 

Users who pay the transaction fees with ROUTE tokens get a 50% discount. Also, Router Protocol enables users to pay a combined (gas plus transaction) fee in ROUTE tokens. 

History of Router Protocol (ROUTE)

Router Protocol was founded in Singapore in 2020 by Ramani Ramachandran, Shubham Singh, Chandan Choudhury, and Priyeshu Garg.

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FAQ

What is the current price of Router Protocol?

The price of 1 Router Protocol currently costs $2.94.

What is the market cap of Router Protocol?

The current market cap of Router Protocol is $25.62M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Router Protocol?

The all-time high of Router Protocol is $19.04. This all-time high is highest price paid for Router Protocol since it was launched.

What is the 24 hour trading volume of Router Protocol?

Over the last 24 hours, the trading volume of Router Protocol is $1.07M.

What other assets are similar to Router Protocol?

Assets that have a similar market cap to Router Protocol include Waltonchain, GMT Token, Hoo Token, and many others. To see a full list, see our comparable market cap assets.

How many Router Protocol are there?

The current circulating supply of Router Protocol is 8.7 million.

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