DAPP (Pencils Protocol) rose 81.65% in 24 hours.

Gate News Bot news, August 18, according to CoinMarketCap data, as of the time of writing, DAPP (Pencils Protocol) is currently priced at $0.00666377, with a pump of 81.65% in the last 24 hours, reaching a high of $0.00719265 and a low of $0.00305782. The 24-hour volume has reached $426,200. The current market capitalization is approximately $375,900, with an increase of $169,000 compared to yesterday.

Pencils Protocol is a comprehensive auction platform and yield aggregator designed to provide a next-generation experience. The protocol offers features such as auctions, farms, and vaults, utilizing zero-knowledge technology to protect user privacy and ensure fairness. Pencils Protocol also includes a community points system that rewards active users through participation and contributions.

Important news about DAPP recently:

1️⃣ Web3 Security Infrastructure Upgrade GoPlus has announced that its secure API fully supports trading simulation features, integrating multi-dimensional security analysis models and precise risk control systems. This feature can be widely applied to various Web3 products such as DApps, providing users with a safer trading environment. GoPlus currently supports most mainstream EVM chains, including ETH, BSC, and Base, with an average daily API call volume exceeding 34.3 million times, continuously protecting the asset security of Web3 users.

2️⃣ Decentralized service capability enhancement The crypto industry is actively advancing the enhancement of decentralized service capabilities. The newly launched self-custody crypto wallet uses a Passkey-based login method, eliminating the need for traditional recovery phrases, and can be embedded in DApps or used as a portable wallet to manage assets. Meanwhile, the on-chain operation platform supports token trading, DApp access, and investment in stablecoin or crypto asset yields, and provides cross-chain trading functionality.

3️⃣ Multi-chain ecosystem expansion Web3 security infrastructure and new types of cryptocurrency wallets support multiple mainstream blockchain networks, including Arbitrum, Polygon, Optimism, and Base. This multi-chain support helps enhance the interoperability of DApps and user experience, providing broader application scenarios for projects like DAPP.

From a technical perspective, the DAPP price has seen a significant rise in the past 24 hours, likely related to the overall improvement in the security of the Web3 ecosystem and the enhanced capabilities of decentralized services. However, investors should remain cautious of the potential pullback risks that such a large rise may bring in the short term.

This message is not intended as investment advice; investors should be aware of market volatility risks.