Kwenta priceKWENTA
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About Kwenta(KWENTA)
What is Kwenta (KWENTA)?
Kwenta is a platform that enables users to trade synthetic assets, which are tokenized derivatives representing the value of another asset. The platform is built on the Synthetix protocol and operates on layer 2 Optimism. This allows for lower gas costs and higher scalability. Additionally, Kwenta offers isolated margin and up to 25x leverage. To determine asset prices, the platform uses a hybrid oracle approach that combines Chainlink and PYTH. Traders need to deposit sUSD and must meet a $40 minimum deposit requirement to encourage timely liquidations.
How does Kwenta (KWENTA) Work?
If you're planning to buy synthetic assets, open a Futures position, or leverage any of the financial tools available on Kwenta, you'll need to use sUSD. This is because Kwenta quotes its asset prices against sUSD. Choosing sUSD also supports Kwenta's decentralized ethos. It's worth noting that sUSD is a fully decentralized stablecoin that's minted by Synthetix, a decentralized liquidity protocol. Because of its decentralized issuance, sUSD cannot be muted, blocked, or stopped.
What is the KWENTA Token?
In order to encourage collaboration and expansion within the Kwenta DAO, the KWENTA token will serve as a means of incentive. Its two main uses will be staking and governance.
KWENTA to local currency
Crypto calculator- 1 KWENTA to USD$78.02
- 1 KWENTA to JPY78.02138
- 1 KWENTA to VND78.02138
- 1 KWENTA to RUB78.02138
- 1 KWENTA to EUR (Español)78.02138
- 1 KWENTA to TRY78.02138
- 1 KWENTA to EUR (Italiano)78.02138
- 1 KWENTA to EUR (Français)78.02138
- 1 KWENTA to EUR (Deutsch)78.02138
- 1 KWENTA to CNY78.02138
- 1 KWENTA to TWD78.02138
- 1 KWENTA to EUR (Português)78.02138
- 1 KWENTA to IDR78.02138
- 1 KWENTA to THB78.02138
- 1 KWENTA to PLN78.02138
- 1 KWENTA to UAH78.02138
- 1 KWENTA to UZS78.02138
- 1 KWENTA to SAR78.02138
- 1 KWENTA to PHP78.02138
How to buy Kwenta (KWENTA)
Trade KWENTA perpetual futures
After having successfully signed up on Bitget and purchased USDT or KWENTA tokens, you can start trading derivatives, including KWENTA futures and margin trading to increase your income.
The current price of KWENTA is $78.02, with a 24h price change of -0.02%. Traders can profit by either going long or short onKWENTA futures.
Join KWENTA copy trading by following elite traders.
Kwenta news
See moreBlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals
Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.
Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain
The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.
Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally
“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”
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Kwenta Social Data
In the last 24 hours, the social media sentiment score for Kwenta was 3, and the social media sentiment towards Kwenta price trend was Bullish. The overall Kwenta social media score was 0, which ranks 1430 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Kwenta being mentioned with a frequency ratio of 0%, ranking 1430 among all cryptocurrencies.
In the last 24 hours, there were a total of 45 unique users discussing Kwenta, with a total of Kwenta mentions of 4. However, compared to the previous 24-hour period, the number of unique users decrease by 15%, and the total number of mentions has decrease by 0%.
On Twitter, there were a total of 0 tweets mentioning Kwenta in the last 24 hours. Among them, 0% are bullish on Kwenta, 0% are bearish on Kwenta, and 100% are neutral on Kwenta.
On Reddit, there were 0 posts mentioning Kwenta in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Kwenta. Compared to the previous 24-hour period, the number of mentions decrease by 0%.
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