Route Price
(ROUTE)
USD($)
Route (ROUTE) Live Price Chart
Overview
About
Analysis
FAQ
Route Live Price Data
The live price of Route is $0.03737, with a total trading volume of $ 110,013 in the last 24 hours. The price of Route changed by -5.02% in the past day, and its USD value has decreased by -13.02% over the last week. With a circulating supply of -- ROUTE, the market cap of Route is currently -- USD, marking a --% increase today. Route currently ranks #-- in market cap.
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Note: This data is for reference only.
Route(ROUTE) Profile
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Website
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Explorer
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Contract
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Code & Community
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$0.03690
$0.03969
- ATH
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- Price Change (1h)
- +0.67%
- Price Change (24h)
- -5.02%
- Price Change (7d)
- -13.02%
- Market Cap
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- 24h Volume
- $110,013
- Circulating Supply
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- Max Supply
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About ROUTE
How can I buy Route (ROUTE)?
Buying ROUTE on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Route (ROUTE) for more information. What Is Router Protocol (ROUTE) Crypto?
Router Protocol (ROUTE) is a cross-chain liquidity aggregator that helps you move assets and data across different blockchains. It connects Layer 1 and Layer 2 networks, allowing for smooth, low-cost transfers. This is especially useful in decentralized finance (DeFi), where interoperability between blockchains is critical.
With Router Protocol, developers can create cross-chain applications, and you can swap assets between blockchains, like Ethereum and BNB Chain, using an optimal path for cost and efficiency. The protocol uses smart contracts and stablecoins to facilitate these transactions. Its token, ROUTE, powers the network, used for governance, staking, and transaction fees.
How Does Router Protocol Work?
Router Protocol works as a bridge that connects multiple blockchains, allowing you to transfer assets and data between them seamlessly. It uses smart contracts to find the best path for cross-chain transactions. For example, if you want to swap tokens from Ethereum to BNB Chain, Router Protocol will use its algorithm to find the cheapest and fastest route.
It operates through a "mesh network" of nodes, which means that every blockchain connected to Router Protocol can communicate with each other, enhancing the speed and efficiency of transactions. It also integrates tools like Cosmos SDK, which helps in building decentralized applications and ensuring compatibility across different blockchain ecosystems.
History of Router Protocol and ROUTE Coin
Router Protocol was founded in 2020 by a team aiming to solve blockchain interoperability issues. They launched Router Protocol v1 on the Polygon Mumbai Testnet in 2021 and raised $4.2 million from investors like Coinbase Ventures and Wintermute. This allowed them to scale up and launch the mainnet in 2022, enabling seamless cross-chain asset transfers.
Their roadmap highlights key milestones such as the development of a cross-chain explorer, the release of the Router Chain for secure cross-chain communication, and the launch of Crosstalk for arbitrary data transfers. They’ve integrated multiple blockchains like Ethereum, Avalanche, and Optimism into their ecosystem, continuously expanding through partnerships.
What Is ROUTE Token Used for?
The Router Protocol (ROUTE) token is used mainly for several key functions within the Router Protocol ecosystem. First, it acts as a governance token, allowing you to vote on protocol updates and changes. This means you can participate in deciding how the protocol evolves. Second, it's used for transaction fees, especially when transferring assets across blockchains, and you get discounts if you pay with ROUTE tokens. Finally, the token is essential for staking, where you can earn rewards by helping secure the network.
You can also trade Router Protocol token against other cryptocurrencies listed on the KuCoin Spot Market after doing your own research (DYOR). Based on your investment goals and risk tolerance, you can buy, sell, or HODL $ROUTE crypto in your portfolio.What Is Router Protocol Tokenomics?
The total supply of $ROUTE is capped at 20 million tokens. The token distribution is as follows:
> 25.42% is allocated to the Ecosystem Fund,
> 20% goes to the Router Protocol Foundation for protocol development,
> 17.22% is reserved for the Reward Pool, incentivizing participants,
> 15% is allocated to the founding team,
> 10% to partners and advisors,
The remaining portions are allocated for liquidity and private sales.
This distribution ensures long-term sustainability and growth while rewarding active community members and developers.
Route (ROUTE) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.00197 | -5.01% |
| 7 Days | $-0.00542 | -12.71% |
| 30 Days | $-0.01601 | -30.08% |
| 3 Months | $-0.02236 | -37.53% |
24H Investment Barometer
24H
- Neutral
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Route Conversion Rate
FAQ
How much is 1 Route (ROUTE) worth?
KuCoin provides real-time USD price updates for Route (ROUTE). Route price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time ROUTE to USD exchange rates. Is Router Protocol (ROUTE) a Good Investment?
Investing in Router Protocol (ROUTE) offers several advantages. First, the protocol focuses on cross-chain interoperability, allowing seamless asset transfers across multiple blockchains. This makes Router Protocol essential for the future of decentralized finance (DeFi), as it helps reduce liquidity fragmentation and enhances efficiency. You benefit from lower transaction costs and faster transfers compared to traditional methods.
Additionally, ROUTE tokens offer governance rights, allowing you to participate in decision-making about the protocol's development. The token also provides staking opportunities, enabling you to earn rewards while helping secure the network. Moreover, Router Protocol's use of middleware contracts adds flexibility, allowing developers to create custom solutions for cross-chain applications, making the platform more attractive for growth.
What Is Router Protocol Price Prediction?
Several factors influence the price of Router Protocol (ROUTE) token. These include:
1. Market Demand: As with most cryptocurrencies, the price of ROUTE is influenced by supply and demand in the market. More demand for cross-chain solutions provided by Router Protocol can drive up the ROUTE to USD price.
2. Adoption of Cross-Chain Technology: Router Protocol focuses on enabling seamless asset transfers between blockchains. As more decentralized finance (DeFi) platforms adopt cross-chain technologies, this can positively impact the Router Protocol price.
3. General Cryptocurrency Market Trends: The broader market sentiment, especially the price movements of major cryptocurrencies like Bitcoin and Ethereum, can influence the $ROUTE price. When the market is bullish, altcoins like ROUTE typically see price increases.
4. Partnerships and Integrations: Collaborations with other blockchain projects and platforms, as well as new chain integrations, also contribute to the ROUTE crypto price movements.
5. Tokenomics: The total supply of ROUTE is capped at 20 million tokens. A limited supply can create scarcity, especially if demand increases, contributing to ROUTE token price appreciation.
How to Stake ROUTE Tokens on Router Protocol
To stake your ROUTE tokens on Router Protocol, follow these steps:
1. Choose a Wallet: First, ensure you have a wallet that supports Router Protocol, such as Keplr. Set up your wallet if you haven’t already.
2. Transfer ROUTE Tokens: Next, send your ROUTE tokens from an exchange or another wallet to your staking wallet (e.g., Keplr). You can find your wallet address by logging into your wallet and searching for “ROUTE.”
3. Delegate Tokens: Once the tokens are in your wallet, connect to the Router Hub and select a validator. Choose the validator you wish to delegate to, and input the amount of ROUTE you want to stake.
4. Earn Rewards: After staking, you'll begin earning rewards through the staking APR. You also participate in network security by helping validators validate transactions. Some staking campaigns may offer additional bonuses, such as loyalty boosts and ecosystem airdrops.
What is the market cap of Route (ROUTE)?
The current market cap of ROUTE is $52.99M. It is calculated by multiplying the current supply of ROUTE by its real-time market price of $52.99M.
How do I store Route (ROUTE)?
You can securely store your Route in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your ROUTE include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Arbitrum (ARB) to cash?
You can instantly exchange your Arbitrum (ARB) for cash using KuCoin's Fast Trade feature. This feature enables you to convert ARB to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.