The native token of Akropolis, a decentralized finance (DeFi) protocol focusing on under-collateralized loans, has seen a staggering 441% increase in price since the beginning of the year. This marks Akropolis (AKRO) as one of the top-performing cryptocurrencies in 2023.
In the past 24 hours, the coin has seen an additional 30% surge to a current price of $0.0192. This has caused both excitement and hesitation from investors.
So why is the Akropolis (AKRO) price rising?
The main cause of this is increased activity on the Akropolis Protocol. This update includes the introduction of the Akropolis Delphi Token (ADEL), the DeFi yield re-balancing module, a crypto/fiat on-off ramp, support for new stablecoins, UI/EX upgrades, and liquidity mining incentives.
The protocol has also introduced a POC-Polkadai bridge, which allows for self-transfers of DAI Token (ERC20) to sDAI (ERC20 representation). It provides users with the ability to pay in currencies other than ETH through integrations with OpenGSN. Moreover, the platform is insured against hacking and programming flaws through Nexus Mutual/Opyn.
All these developments have resulted in the remarkable surge in the price of Akropolis (AKRO) cryptocurrency and have made it one of the top-performing tokens in 2023.
