Chromia (CHR) price has increased today.
The price of Chromia (CHR) is $0.157859 today with a 24-hour trading volume of $14,838,938. This represents a 2.30% price increase in the last 24 hours and a -0.60% price decline in the past 7 days. With a circulating supply of 570 Million CHR, Chromia is valued at a market cap of $89,552,599.
What is Chromia?
Chromia is an open source public blockchain conceived of by Swedish company Chromaway AB. The Chroma token (CHR) was launched in May of 2019. The technology behind the Chromia blockchain is adapted from an earlier technology called ‘Postchain’, a solution provided by Chromaway AB for enterprise clients.
How does Chromia work?
Chromia is a standalone Layer-1 blockchain and EVM compatible Layer-2 enhancement for Binance Smart Chain and Ethereum. It is designed to enhance existing dApps and allow for the creation of next-generation dApps by providing scalability, improved data handling, and customizable fee structures. The blockchain uses a unique architecture called relational blockchain, as well as a custom programming language called Rell.
Rell is designed to code and function very similarly to SQL, allowing developers to leverage the security and immutability of blockchain while storing and handling data with the efficiency of a relational database. Each dApp running on Chromia operates on its own sidechain which is rooted in the main blockchain. This allows each application to scale more efficiently and gives each application developer the freedom to choose from a variety of fee structures. For example, one application may require users to pay transaction fees in CHR (similar to how Ethereum or Bitcoin work), while another application could stake enough CHR to reserve computational power and allow their users to make unlimited transactions without paying any fees at all.
What applications have been built on Chromia?
Chromia already has a wide variety of applications building upon their blockchain, using their chain as a decentralized storage layer, and using their Layer-2 enhancements. These applications range from DeFi options trading platform Hedget, to open world farming game My Neighbor Alice, to government land registry initiative LAC PropertyChain. One of the latest features in development is a new NFT standard called Chromia Originals, which will operate both as a native standard on Chromia’s chain as well as an enhancement layer for existing ERC-721 and BEP-721 tokens. Work on these Layer-2 enhancements are being developed in cooperation with My Neighbor Alice.
Who is behind Chromia?
Chromia’s core team consists of industry veterans Or Perelman, Henrik Hjelte and Alex Mizrahi. All three have deep roots in the crypto space, going back to the early days of Bitcoin and Ethereum. For example, Alex published several early academic papers on Proof of Stake consensus and was also one of the key figures behind Colored Coins, one of the first projects to develop the idea of ‘tokens’ that would later be brought to prominence by Ethereum.
In summary, Chromia is a Layer-1 and Layer-2 blockchain solution under active development, with the goal of delivering enhanced features and data handling and storage capabilities to decentralized applications.
Where can you buy Chromia?
CHR tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Chromia is Binance, where the most active trading pair CHR/USDT has a trading volume of $3,225,101.91 in the last 24 hours. Other popular options include Bitget and Bitrue.
What is the daily trading volume of Chromia (CHR)?
The trading volume of Chromia (CHR) is $14,838,937.81 in the last 24 hours, representing a -21.80% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Chromia (CHR)?
The highest price paid for Chromia (CHR) is $1.49, which was recorded on Nov 20, 2021 (over 1 year). Comparatively, the current price is -89.40% lower than the all-time high price.
What is the all-time low for Chromia (CHR)?
The lowest price paid for Chromia (CHR) is $0.008740026581, which was recorded on Mar 13, 2020 (about 3 years). Comparatively, the current price is 1,707.90% higher than the all-time low price.
What is the market cap of Chromia (CHR)?
Market capitalization of Chromia (CHR) is $89,552,599 and is ranked #312 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of CHR tokens (570 Million tokens are tradable on the market today).
What is the fully diluted valuation of Chromia (CHR)?
The fully diluted valuation (FDV) of Chromia (CHR) is $157,858,568. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion CHR tokens are in circulation today. Depending on how the emission schedule of CHR tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Chromia compare against its peers?
With a price decline of -0.60% in the last 7 days, Chromia (CHR) is underperforming the global cryptocurrency market which is up 10.10%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of Chromia today?
The community is bullish as more than 80% of users are feeling good about Chromia (CHR) today.
How to add Chromia (CHR) to MetaMask?
Adding Chromia (CHR) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import CHR as a token. You can copy CHR’s contract address (0x8a2279d4a90b6fe1c4b30fa660cc9f926797baa2) and import it manually, or if you've installed MetaMask's chrome extension, add CHR to MetaMask with one click on CoinGecko.
Add CHR to MetaMask.
