The tweet was deleted by the author.
But we saved everything 🙂.
MITO token surges after Binance and MEXC announce listing
On August 28, Binance, MEXC, and several other crypto exchanges listed the MITO token of Mitosis, a cross-chain liquidity protocol. The listing was a success: MITO surged over 20% in one day.
Founded in the U.S. in 2023, the crypto startup raised $7 million in a seed round a year later. Investors in Mitosis include Amber Group, Foresight Ventures, GSR, No Limit Holdings, and others.
Mitosis operates on Ethereum, Cosmos, Solana, and other blockchains, enabling smooth liquidity transfers across different crypto platforms. The protocol addresses two key inefficiencies in decentralized finance: illiquid staked assets and the lack of access to high-yield opportunities for smaller users.
Investor’s choice
When placing tokens in Mitosis, users have two options: earning a stable yield in the EOL (Ecosystem-Owned Liquidity) framework or participating in liquidity growth campaigns under Matrix. Each framework issues separate position tokens — miAssets for EOL and maAssets for Matrix.
The developers describe Mitosis as a “super-intelligent cash flow system,” promising retail users better yields typically reserved for institutional players.
MITO price dynamics on August 28. Source: CoinMarketCap
With consistent demand for efficient asset placement, the MITO token gained another 15% during the day, trading around $0.24.
Currently, 196 million MITO tokens out of a total supply of 1 billion (19.6%) are circulating on crypto exchanges. Additionally, 5% will be distributed via an airdrop to early users who helped test the product.
As we wrote, Aave DeFi lending surpasses $29B, rivals global banking giants
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Subscribe to TU news
Did you like the article?
Latest Crypto News
Weekly Top Bonuses
Top News
Top 5 companies for you
United States
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
