Breaking Records: Nibiru Chain's NIBI Token Achieves $1.4 Billion Market Cap After Mainnet

Nibiru Chain, a recent addition to the Layer 1 blockchain arena, made its debut on March 12, experiencing a remarkable surge in its native token, NIBI. Within just five hours of its launch, NIBI soared by 85%, peaking at $0.96 per token. Presently, the token's value rests at $0.83, according to CoinGecko's latest data. With over 80 million tokens in circulation, Nibiru Chain now boasts a fully diluted market valuation exceeding $1.4 billion.

Nibiru Chain Advances High-Performance dApps Development, Building an Accessible Smart Contract Ecosystem

Nibiru Chain emerges as a pioneering Layer 1 blockchain and smart contract platform, envisioning the facilitation of high-performance decentralized applications (dApps). The project sets out to lead the charge in establishing an accessible smart contract ecosystem, thus fostering broader adoption of Web3 technologies through simplified dApp development and infrastructure enhancement.

The NIBI token is planned to be listed on various exchanges

The NIBI token is slated for listing on various exchanges, including Gate.io, Kucoin, Mexc, and Bybit, aligning with the project's roadmap for expansion and accessibility.

NIBI integrates features designed to expand platform utility and foster community engagement

Serving as both a staking and utility token within the Nibiru Chain ecosystem, NIBI incorporates features geared towards amplifying the platform's utility and nurturing community engagement. It plays a pivotal role in the network's Proof-of-Stake consensus mechanism, decentralized governance procedures, and computation payment systems.

NIBI Token Rewards Participation and Stability in Network Governance

Staking or delegating NIBI tokens to validator operators rewards participants, fostering active engagement in network security and consensus formation. A significant portion of the NIBI token supply is allocated to community-centric endeavors, including staking rewards, project development, liquidity support, and ecosystem grants, promoting sustained involvement and ecosystem stability.