Gate News Bot Message, February 24 — According to CoinMarketCap data, at the time of press, ESP (Espresso) is trading at $0.10, up 40.75% over the past 24 hours, with a high of $0.11 and a low of $0.06. The 24-hour trading volume reached $173 million. The current market cap is approximately $53.6 million, an increase of $15.5 million from yesterday.
Espresso Network is a cross-chain composability infrastructure within the Ethereum ecosystem, dedicated to enabling seamless collaboration across all blockchains. The Espresso Network has recently launched its mainnet, providing foundational support for Rollup, Validium, and other L2/L3 scaling solutions.
The ESP Claim Portal is now open, allowing users to claim tokens and stake them to unlock enhanced staking rewards. The Espresso Foundation brings together independent organizations and individuals to promote an open, composable, and permissionless internet vision. Partners include Espresso Systems, Offchain Labs, Caldera, AltLayer, and other industry-leading teams.
Important recent updates on ESP:
1️⃣ Mainnet launch and token activation
The official launch of the Espresso Network mainnet and the activation of the ESP token serve as key market catalysts. As a cross-chain composability infrastructure within the Ethereum ecosystem, the network’s launch marks the project’s transition from testing to actual operational phase, providing real foundational support for cross-chain collaboration. This milestone has sparked market expectations for the project’s future development.
2️⃣ Airdrop plan and ecosystem incentives
The implementation of the ESP token airdrop has attracted widespread user participation and market attention. The Claim Portal’s opening allows eligible users to claim tokens, while the staking mechanism offers enhanced rewards, further incentivizing long-term holders. This multi-layered incentive design helps rapidly build the project’s initial user base.
3️⃣ Strategic ecosystem partnerships
The collaboration between the Espresso Foundation and industry leaders such as Offchain Labs, Caldera, and AltLayer strengthens the project’s strategic position within Ethereum Layer 2 scaling solutions. Endorsements from these partners support the project’s technical implementation and market application, boosting investor confidence in its long-term value.
This message is not investment advice. Investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Today, the US Bitcoin ETF experienced a net outflow of 5,409 BTC, while the Ethereum ETF experienced a net outflow of 36,599 ETH.
Gate News Report, March 9th, according to Lookonchain monitoring, today the US Bitcoin ETF experienced a net outflow of 5409 BTC, Ethereum ETF had a net outflow of 36599 ETH, and Solana ETF saw a net outflow of 68933 SOL.
GateNews1h ago
SBF: The main bottleneck of AI currently lies in the insufficient adoption, and AI assets are generally undervalued.
Gate News Report, March 9 — FTX founder SBF stated that the main bottleneck for AI currently is "adoption." The key is not whether companies have purchased tools like ChatGPT Enterprise, but whether they are restructuring their organizational structures and business processes around the full potential of the latest models. He pointed out that the current level of adoption is insufficient to reflect the scale of AI's future impact on the economy and believes that AI assets are still generally undervalued at this stage.
GateNews1h ago
Today’s top 100 cryptocurrencies by market cap: DeXe up 16.50%, Kite down 5.98%
On March 9th, among the top 100 cryptocurrencies by market cap, DeXe had the largest increase, rising 16.50%; while Kite experienced the largest decline, dropping 5.98%. The overall market fluctuated repeatedly, with significant changes in token prices.
GateNews1h ago
62% of Indian Women Very Likely to Invest in Crypto: CoinSwitch Survey
A CoinSwitch survey shows that 85% of women in India are likely to invest in cryptocurrency soon, highlighting increased financial independence and interest in digital assets. Key factors include awareness, access to crypto platforms, and preference for established cryptocurrencies.
TodayqNews2h ago
USDC Treasury mints an additional 250 million USDC on the Solana chain
Gate News Report, March 9 — According to Whale Alert monitoring, the USDC Treasury issued an additional 250 million USDC on the Solana chain on March 9, valued at approximately $250 million.
GateNews3h ago
Gold and silver decline, crypto volatility index EVIX drops 0.74% intraday
On March 9th, gold prices fell to $5105.10 per ounce, while silver prices slightly increased to $84.679 per ounce. The US dollar against the Chinese yuan slightly declined, while it slightly rose against the Japanese yen. Major European stock indices generally declined, while WTI and Brent crude oil prices increased by 7.55% and 8.34%, respectively. The Gate platform supports trading of various financial products.
GateNews3h ago
