SYLO (Sylo) rose 38.34% in the last 24 hours.

Gate News Bot report, on August 19, according to CoinMarketCap data, SYLO (Sylo) is currently priced at 0.00059921 USD, with a rise of 38.34% in the last 24 hours, reaching a high of 0.00061542 USD and a low of 0.00037618 USD. The current market capitalization is approximately 3.84 million USD, an increase of 1.06 million USD compared to yesterday. Currently, SYLO ranks 1523rd in the global Crypto Assets market capitalization.

Sylo has evolved from a communication protocol to include more functionalities. Sylo is now a data infrastructure layer that provides interoperability for assets and users across the open metaverse. Sylo’s data layer allows developers to build the interoperable world they envision. It is built on The Root Network and is used throughout the Futureverse. Sylo is supported by the Seekers community, a collectively owned network that empowers an open and interconnected metaverse.

Important news about SYLO recently:

1️⃣ Sylo’s positioning shifts to metaverse infrastructure The Sylo project has gradually evolved from its initial communication protocol to a data infrastructure layer for the metaverse. This strategic transformation enables Sylo to provide broader interoperability support for assets and users in the open metaverse, promising to attract more developers and users to participate in ecosystem development.

2️⃣ The Root Network becomes the core support of SYLO The data layer of Sylo is currently built on The Root Network, which provides reliable underlying support for Sylo. The technical advantages of The Root Network may bring stronger scalability and security to Sylo, thereby enhancing its competitiveness in the metaverse infrastructure field.

3️⃣ Seekers Community-Driven SYLO Development Sylo is supported by the Seekers community, and this decentralized governance model may attract more community members to participate in the development of Sylo. The community-driven model helps Sylo better respond to user needs and maintain innovative vitality in the competitive Crypto Assets market.

From a technical perspective, SYLO has recently shown a strong upward trend in price, with a 24-hour rise of over 38%, indicating positive market expectations for its development prospects. However, considering the high volatility of the Crypto Assets market, investors still need to cautiously assess the risks.

This message does not constitute investment advice; investors should be aware of market volatility risks.