King Protocol Price (KING)

Price of King Protocol (KING) Today

The live price of King Protocol (KING) today is 653.54 USD. It has a current market cap of $ 6.46M USD. KING to USD price is updated in real-time.
Key King Protocol Market Performance:
- 24-hour trading volume is $ 26.16K USD
- King Protocol price change within the day is -4.78%
- It has a circulating supply of 9.90K USD

Get real-time price updates of the KING to USD price on MEXC. Stay informed with the latest data and market analysis. It is essential for making smart trading decisions in the fast-paced cryptocurrency market. MEXC is your go-to platform for accurate KING price information.

King Protocol (KING) Price Performance in USD

During today, the price change of King Protocol to USD was $ -32.816838.
In the past 30 days, the price change of King Protocol to USD was $ -240.466906.
In the past 60 days, the price change of King Protocol to USD was $ -451.732141.
In the past 90 days, the price change of King Protocol to USD was $ -2,480.081537.

King Protocol (KING) Price Analysis

Discover the latest price analysis of King Protocol: 24h Low & High, ATH and daily changes:

King Protocol (KING) Market Information

Dive into the market statistics: market cap, 24h volume, and supply:

What is King Protocol (KING)

Restaking protocols can distribute rewards in any ERC-20 token. However, users typically receive fractional amounts of these rewards, making them inconvenient to claim or trade. This situation can lead to a frustrating user experience, with poor returns for restakers, low token utilization, and increased selling pressure on reward tokens. King Protocol (formerly known as LRT²) offers a solution through a unified restaking reward. KING represents a share of a vault full of restaking rewards. LRTs deposit restaking rewards into the vault and then mint and distribute KING to their restakers. This streamlined system significantly reduces transaction costs and improves the efficiency of restaking reward distribution. It is particularly beneficial for small stakers, who might otherwise find managing and trading fractional rewards challenging. For larger stakeholders, the ability to redeem or arbitrage the vault share tokens creates an active market, helping to stabilize the King token price and drive liquidity.

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