OL (Open Loot) rose 12.42% in 24 hours.

Gate News Bot message, on October 29, according to CoinMarketCap data, as of the time of writing, OL (Open Loot) is currently priced at $0.03, having pumped by 12.42% in the last 24 hours, reaching a high of $0.04 and a low of $0.02. The current market capitalization is approximately $229,000, an increase of about $25,300 compared to yesterday.

Open Loot is a platform focused on the trading of in-game digital assets. The platform offers an NFT marketplace, premium currency, and leasing services, supporting multiple games. Open Loot has also launched the OL Chain based on the Base network, which is a blockchain optimized for gaming. Users can convert reward points into OL tokens on the platform to participate in the ecosystem. Currently, Open Loot's market activities show a total trading volume of $397,200, with 12,978 NFTs purchased and 14,300 NFTs leased.

Recent important news from OL:

1️⃣ The development of the Solana ecosystem drives the rise of gaming projects The Solana network has recently shown a rapid development trend, with the amount of SOL locked in DeFi reaching a recent high of 62.3 million. The trading volume of on-chain tokenized stocks has surged by 190 times compared to the previous period. As a gaming project, Open Loot is expected to benefit from the overall prosperity of the Solana ecosystem, attracting more users to participate in its NFT market and rental services.

2️⃣ Institutional investors increase interest in the game NFT sector Multiple institutional investors are actively positioning themselves in the Solana ecosystem, including Citadel founder Ken Griffin, who holds approximately 4.5% of the asset management company DFDV that focuses on increasing its Solana holdings. The continuous inflow of institutional funds may indirectly promote the development of game NFT projects like Open Loot, bringing more liquidity and user base to them.

3️⃣ Blockchain technology innovation enhances game experience The Solana Foundation has proposed multiple technical optimization solutions, including the introduction of p-tokens to enhance the efficiency of Token programs, as well as a rapid leader handover mechanism. These innovations are expected to significantly improve network performance and user experience, creating a better operating environment for game projects like Open Loot, and facilitating the efficiency and convenience of in-game asset transactions.

From a technical perspective, the price of OL has risen by 12.42% within the last 24 hours, indicating a certain upward momentum. However, given its relatively small market capitalization and limited trading volume, investors should remain cautious of potential high volatility risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.