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Rank #294
Nest Protocol Price (NEST)
Nest Protocol (NEST)
$0.031361533718 5.8%
0.00000108 BTC 8.7%
0.00001606 ETH 10.7%
4,475 people like this
24H Range
Market Cap $91,274,461
24 Hour Trading Vol $2,754,265
Fully Diluted Valuation $313,382,151
Total Value Locked (TVL) $270,384
Fully Diluted Valuation / TVL Ratio 1159.02
Market Cap / TVL Ratio 337.57
Circulating Supply 2,912,560,948
Total Supply 10,000,000,000
Max Supply 10,000,000,000
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Nest Protocol Price Chart (NEST)

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NEST Price Statistics

Nest Protocol Price Today
Nest Protocol Price $0.031322274687
Market Cap $91,274,461
Market Cap Dominance 0.01%
Trading Volume $2,754,266
Volume / Market Cap 0.0302
24h Low / 24h High $0.029304291052 / $0.031702605748
7d Low / 7d High $0.024217843099 / $0.031639402159
Market Cap Rank #294
All-Time High $0.237647 -86.8%
Aug 10, 2020 (almost 2 years)
All-Time Low $0.004908480731 538.5%
Dec 14, 2021 (5 months)

NEST Price Today

Nest Protocol price today is $0.031361533718 with a 24-hour trading volume of $2,754,265. NEST price is up 5.8% in the last 24 hours. It has a circulating supply of 2.9 Billion NEST coins and a total supply of 10 Billion. If you are looking to buy or sell Nest Protocol, Bibox is currently the most active exchange.

What was the highest price for Nest Protocol?

Nest Protocol hit an all time high of $0.237647 on Aug 10, 2020 (almost 2 years).

What was the lowest price for Nest Protocol?

Nest Protocol had an all time low of $0.004908480731 on Dec 14, 2021 (5 months).

What was the 24 hour trading volume of Nest Protocol?

The 24 hour trading volume of Nest Protocol is $2,754,265.

Where can Nest Protocol be traded?

You can trade Nest Protocol on Bibox, Huobi Global, and

What is Nest Protocol?

Nest Protocol is a decentralized oracle protocol which aims to deliver the fastest and most accurate prices to other DeFi platforms. Their solution involves collateral quotation, arbitrage verification, and other modules to form a price sensitive and attack resistant oracle.

What are NEST tokens?

Nest Protocol’s native token, NEST, is the protocol’s reward token which incentivizes users to provide accurate price quotes. It also carries a variety of applications:

  1. Income - NEST holders are eligible to receive weekly ETH dividends from the protocol’s fees, based on the proportion of NEST staked.

  2. Participation - NEST tokens are required to participate in nToken bidding (more on nTokens below).

  3. Governance - NEST allows users to vote on the protocol’s direction, where 1 NEST is equivalent to 1 vote

How does Nest Protocol work?

Nest Protocol relies on several actors in the ecosystem and consists of multiple stages:

  1. Quotation mining

For each price oracle pair, miners can quote a specific price. Let’s take a look at the ETH-USDT trading pair for example. A miner may assume that 1 ETH is fairly priced at 1,000 USDT. The miner will then need to deposit the quoted assets into the quoted contract. Miners have to pay 1% of the ETH staked as a quote mining fee. Anyone is free to become a miner and quote any particular price for the asset.

  1. Price Verification Period

After the miner submits the price and the assets to the contract, verifiers can arbitrage off the quoted contract if they believe that it is mispriced. This disincentivizes miners to provide inaccurate prices as they can suffer impermanent loss should there be an arbitrage opportunity available.

Opened quotes have an allocated time attached which determines the risk undertaken by the miner and also the price sensitivity. After the period has elapsed, quotes that have not been arbitraged are taken as “effective quotations”. Quotes that have been fully traded are not adopted but partially traded quotes may be adopted, where the remainder is also considered an effective quote.

Once the price verification period is complete, the remaining assets can be withdrawn by the miners and they will also receive NEST or the respective oracles’ nTokens (i.e. nYFI) as a reward.

  1. Price Chain

After the verifier accepts the quoted price, they need to offer a new price to fill in the gap left behind by the rejected price. The verifier will then need to quote the accepted price to the contract immediately and transfer the quoted assets. The next verifier will then need to decide whether to accept or reject the first verifier’s quote. If it is accepted, the price is again quoted to the next verifier, creating a continuous price chain.

  1. Block Price

The price determined by this sequence of events is then recorded on the blockchain, with each block recording a price. The formula for determining the effective quotations involves the summation of the weightages of each effective price quote for that block. If there are no effective quotations in the current block, the price from the most recent block would be used. 

To know more about how the Nest Protocol works, you may refer to their whitepaper.

How do I get NEST tokens?

You can obtain NEST tokens by purchasing them from cryptocurrency exchanges such as Huobi Global or MXC

Alternatively, you can earn NEST tokens by quote mining, where users can stake their assets in the ETH-USDT price oracle and earn NEST.


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