
Tellor TRBPrice $ 30.03
Rank: 431
TRB Price
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Ethereum
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What is Tellor (TRB)?
Tellor (TRB) is a decentralized oracle platform for DeFi.
The main goal of the platform is to develop the DeFi industry, so Tellor acts primarily as a reliable source of high-quality price data. The developers have created a system in which parties can request the value of a data point outside the blockchain, and miners compete to add this value to the data bank inside the chain. Tellor's main smart contract creates a time series for each requested data series and aims to become a standard source of valuable data for decentralized applications.
The Tellor ecosystem includes a TRB token, which is used to stimulate participants and request a specific series of data from miners.
The TRB token pays for sending a data request to the oracle. A specific reward is assigned for each request, after which the oracle selects the most funded request (it happens every 10 minutes) and creates a task for the miners. Data collected on request becomes available across the chain. Miners who add an official data point receive a reward in the form of tokens.
TRB tokens are also used to protect the network and the voting system to verify data.
Tellor Price Today
Tellor's current price is $ 30.03, it has increased +5.7% over the past 24 hours.
Tellor's All Time High (ATH) of $ 588.62 was reached on 31 Dec 2023, and is currently -94.9% down.
The current circulating supply of Tellor is 2.66 Million tokens, and the maximum supply of Tellor is 2.74 Million.
Tellor’s 24 hour trading volume is $ 14.83 Million.
Tellor's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 79.92 Million.
You can find more details about Tellor on its official website and on the block explorer.
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