Ethereum layer 2 undertaking Taiko has launched its native token, TAIKO, on Revolut, certainly one of Europe’s largest monetary super-apps.
In accordance with an Apr. 8 press launch, Taiko is now out there to Revolut’s 45 million customers throughout 50 international locations, marking an enormous step in bringing the token to the mainstream. By way of the Revolut app, customers can now buy the token instantly, offering a easy fiat-to-crypto on-ramp and probably boosting liquidity.
Taiko is the primary layer 2 to make the most of the “based rollup” design, which makes use of the native safety and sequencing options of Ethereum. Its design boosts velocity and scalability with out sacrificing decentralization. Vitalik Buterin, co-founder of Ethereum, has praised the undertaking for its structure, describing it as “ideal for Ethereum scaling.”
Taiko has already seen large progress since its mainnet launch in June 2024, dealing with greater than 2 million each day transactions and registering over 210 million distinct pockets addresses.
Revolut’s itemizing expands Taiko’s attain and enhances the fintech large’s traction within the crypto business. The platform has been rising its crypto choices, launching Revolut X, a crypto alternate for superior customers, in November 2024.
Along with the token itemizing, Taiko has been making progress in its ecosystem. In an Apr. 4 replace on X, Taiko introduced the formation of its DAO Safety Council, that includes high names like Nethermind, Aragon, Halborn Safety, L2Beat, and Chainbound.
Taiko additionally accomplished its first testnet batch because the Pacaya improve, a technical replace that hastens the community and improves scalability by optimizing how transactions are processed.
Regardless of the Revolut itemizing, TAIKO is but to get better from its current value droop, which was triggered by market-wide uncertainty following Trump’s ongoing commerce struggle. The token is down 13% over the previous 10 days, presently buying and selling at $0.56 with a market cap of round $54 million,