ENSO (Enso) rose 20.68% in the last 24 hours.

Gate News Bot news, on October 29, according to CoinMarketCap, as of the time of writing, ENSO (Enso) is currently priced at $2.26, with a rise of 20.68% in the last 24 hours, reaching a high of $2.40 and a low of $1.46, with a 24-hour volume of $766 million. The current market capitalization is approximately $46.6 million, an increase of $7.98 million compared to yesterday.

Enso Network is a blockchain shortcut platform designed to simplify the building and deployment processes of decentralized applications. It provides a shared engine that maps all on-chain interactions into simple components, eliminating the need for manual integration of blockchains or smart contracts. Developers can focus on products, community, and growth instead of wasting time on technical integration. Enso supports various on-chain operations, such as lending and exchanging, and allows developers to create reusable shortcuts. The platform also offers a network supported by Graphers and Validators to ensure optimal execution and security.

Important news about ENSO recently:

1️⃣ Cooperation with the stablecoin USD1 supported by Trump Enso has established a partnership with the Trump-associated stablecoin USD1. This collaboration will enable USD1 to leverage Enso's tech stack for easy deployment across different blockchains. This move aims to expand USD1's DeFi business footprint across various chains, making it omnipresent on-chain and distributing its liquidity to protocols on different blockchains.

2️⃣ Enhance the attractiveness of DeFi to institutional investors Through its collaboration with USD1, Enso demonstrates the potential of its technology to enhance the appeal of DeFi to major participants, including institutions. This partnership is expected to enable participants to leverage deep liquidity and optimal pricing, thereby driving further development of the DeFi ecosystem.

3️⃣ Expand User Interaction Scenarios After collaborating with Enso, USD1 will be available on margin trading protocols like Dolomite. This means users will be able to trade, lend, and transfer USD1 across different blockchains, greatly increasing the utility and liquidity of this stablecoin.

From a technical standpoint, the ENSO token price has shown a strong pump trend recently, with a 24-hour rise of over 20%, breaking through multiple important resistance levels. This rise may be related to the recently announced strategic partnership, reflecting the market's positive outlook on Enso's technology and business development prospects. However, investors should remain cautious, as the cryptocurrency market is highly volatile and prices may experience severe fluctuations.

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