Sonic Labs has launched a new points program to drive DeFi growth and reward users. 

The S&P 500 gained 0.11%, led by utilities, financials, and materials, as lighter inflation eased yields. Focus shifts to December's inflation report and financial earnings. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 3.03%, with Bitcoin and Ether rising by 3.14%  and 3.24%, respectively in the past 24 hours.

Today's top performer is A8, which surged 29.7% following the launch of Ancient8 SuperApp V3, an all-in-one platform for simplified Web3 management.

Ancient8 (A8), founded in 2021, is a gaming-focused Ethereum Layer 2 network using Optimism and Celestia to enable fast, affordable EVM game development with community-driven developer support. 

, a streamlined platform for managing Web3 activities. It combines staking, token swapping, liquidity management, an NFT marketplace, cross-chain asset bridging, and game discovery into a single user-friendly interface. The app simplifies processes, enhances security, and helps users maximize the potential of their digital assets, catering to both newcomers and experienced users.

Check Out the Latest Prices, Charts, and Data of 

 a new points program to drive DeFi growth and reward users. The program includes three types of points: Passive Points for holding whitelisted assets, Activity Points for deploying assets as liquidity on apps, and App Points (Sonic Gems) for developers to distribute as rewards via their apps. The initiative also features an airdrop of 200 million S tokens and incorporates Rings, a yield-bearing stablecoin protocol that provides liquidity to DeFi apps. Sonic's points program offers a dynamic way for users and developers to enhance their DeFi experience while contributing to the growth of the platform.

Yesterday, the BTC Spot ETF data showed a total flow of $9.7 million, with $0.0 million from GBTC and $9.7 million from non-GBTC sources.

, offering participants a chance to receive tokens as part of the platform's decentralization journey. The airdrop rewards key contributors, including early adopters, active community members, and global partners. Registration is open until January 18, 2025, and participants can claim tokens before the Token Generation Event (TGE) in Q1 2025. Plume's mission is to build a unified onchain economy that connects real-world assets with crypto, and the airdrop is the first step toward that vision. More details and eligibility information can be found on their official website.

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Sonic Labs Launches Innovative Points Program to Drive DeFi Growth and Reward Users

GAME by Virtuals (GAME) is a leading AI agent development framework enabling quick creation and deployment of autonomous agents for web3, gaming, and social media.

Few people will argue with the notion that 

 (AI) is the fastest-growing sector in the world of business. This also applies to the 

 industry. Within the broader AI field, however, there's one area that particularly stands out with its growth rates — the niche of 

. Self-contained, autonomous AI workers are growing increasingly popular on blockchains, with leading AI agent cryptocurrencies posting head-spinning price increases.

 (VIRTUAL) and several tokens related to the platform, including GAME by Virtuals (GAME). Leveraging the underlying Virtuals Protocol, GAME is a development framework that lets developers quickly build and deploy autonomous AI agents suitable for various transactional environments. The GAME framework allows AI agents to make complex decisions based on the information supplied, lifting the overall sophistication of such agents to an entirely new level.

Launched in October 2024, the GAME token has appreciated over 3,000% as of January 2025, entering the list of the top 10 AI agent cryptocurrencies by market cap.

 (GAME) is an AI agent development framework powered by the Virtuals Protocol. 

It lets developers quickly build modular, autonomous AI agents and deploy them to various environments, such as gaming, entertainment and social media platforms.

At the core level, GAME is supported by the Virtuals Protocol, a decentralized platform on the 

 Layer 2 chain that’s designed to power tokenized, co-owned AI agents with revenue-generating capabilities. Virtuals Protocol provides an environment for tokenizing and using AI agents for various use cases.

GAME by Virtuals supports low-code, efficient creation and management of AI agents that can easily be plugged into various web3 platforms and even interact in real time with other agents. By default, AI agents developed using the GAME framework are deployed as X (formerly Twitter) agents. In this capacity, they can serve varied purposes for crypto users and 

 (DApp) operators. This could include community building, market monitoring, news and trading signal aggregation, data collection and even API-based integration with external trading platforms.

Thanks to the framework's modular design, a GAME-based agent can include different functions that are easily plugged into and out of it. Additionally, GAME allows developers to create non–X AI agents from scratch to integrate into other environments, such as blockchain games, messaging networks like Telegram and other types of applications. In essence, the programming tool kit provided by GAME allows developers to specify sophisticated agent characteristics and autonomous behavior. For example, GAME-based autonomous agents might operate in gaming, virtual reality (VR) and virtual world applications, providing immersive experiences and carrying out complex tasks.

The development of X-based agents via GAME is a simplified process. Developers can utilize an Agent Sandbox, a test environment provided by the Virtuals Protocol, to specify the key characteristics of their AI agent on X. This is a streamlined way to quickly and efficiently launch a basic social media agent without having to create an agent token. 

After deploying the agent to X, developers can easily add or remove its functionalities to adapt the agent to their specific use cases.

For applications beyond X, developers can build an agent from scratch using the GAME framework's programming functions. In the project's terminology, this is called GAME-as-a-Service. Within this mode, the agent's decision-making rules and characteristics are specified via API calls. For those familiar with AI-based programming, GAME-as-a-Service provides a more powerful and flexible way to build AI agents, with high levels of functional sophistication, as compared to the Agent Sandbox.

To build and launch an AI agent, developers must specify three categories of attributes that define their agent’s behavior and autonomous decision-making: Agent Definition Prompts, High Level Planner (HLP) Context and Low Level Planner (HLP) Context.

— These include the agent’s goal, character card and world information. In essence, this trio of attributes determines the agent’s overall behavior, memory traits, personality, background, tweeting style and the specifics of its virtual environment.

— This high-level tool establishes the input information to provide a dynamic context for the agent's decisions.

— This is a set of instructions for the agent’s expected outputs to execute various actions and functions within its environment.

To build and deploy agents via GAME-as-a-Service, you’re expected to be familiar with technologies like JavaScript and JSON. The Virtuals platform also provides an agent-building software development kit (SDK) in Python.

The GAME by Virtuals framework’s associated crypto token is also known as GAME. As of early January 2025, the project has provided scant information regarding the token’s utility beyond its basic supply specifications. In general, AI agents launched via Virtuals Protocol are monetized using project-specific tokens. Thus, it’s expected that agents built via the GAME framework are monetized using the GAME token, and that the GAME token might also support additional use cases in the future.

For each token on the Virtuals Protocol, including GAME, there’s a corresponding liquidity pool in which each token is paired with VIRTUAL, the protocol’s native cryptocurrency. This facilitates monetization and trading opportunities for AI agents built using the framework.

The GAME token was launched on Oct 26, 2024 and features a maximum, total and circulating supply of 1 billion. Similar to VIRTUAL and other platform-specific tokens on the Virtuals Protocol, GAME has been issued on the Base blockchain.

You can buy the GAME token on Bybit’s Spot market as a trading pair (

Additionally, through Jan 23, 2025, 9AM UTC, you can take advantage of Bybit's campaign dedicated to the GAME token to grab a share of the 

. New users who complete basic identity verification can earn GAME rewards by accumulating a deposit volume of at least 500 GAME, or depositing at least 100 USDT and trading 100 USDT worth of GAME via their first trade using their Bybit account. Existing users can also qualify for rewards by trading at least 500 USDT worth of GAME on Bybit’s Spot market. The more you trade, the larger your share of the prize pool. 

As of Jan 15, 2025, the GAME token is trading at $0.1922, which is 51% lower than its ATH of $0.3918 on Jan 2, 2025, and 7,190% higher than its ATL of $0.002634 on Nov 20, 2024.

Long-term price forecasts for GAME are mostly bullish.DigitalCoinPrice 

 of $0.65 in 2027 and $0.99 in 2030, whileCoinCodex 

 at around $0.202 in 2027, and rise to $0.629 in 2030.

GAME isn't the only AI agent token on Virtuals Protocol. The protocol supports a variety of applications and use cases that focus on AI agent technology, each of which may have its own token. Excluding the main platform-wide cryptocurrency, VIRTUAL, the leading tokens within the protocol's ecosystem include 

As of Jan 14, 2025, GAME is the second-highest-ranked token in the Virtuals ecosystem by market cap, behind AIXBT, the token of the AI agent-based market intelligence solution AIXBT. However, if ranked by 

 (TVL), GAME is actually the top token on the protocol, with a current TVL of $24.85 million.

GAME by Virtuals is a convenient tool for blockchain developers to launch powerful AI agents — intelligent objects that can perform diverse functions on social media platforms, gaming environments and within a wide variety of other applications. Its framework makes it easy to create X-based agents, and for other platforms and more sophisticated needs a skilled developer has numerous functions and utilities within GAME to play with.

The crypto market also seems impressed with GAME by Virtuals, judging by the GAME token's early performance. As the AI sector, particularly its AI agent niche, continues to flourish and capture the business world's attention, the GAME framework is likely to find more use cases and eager adopters in the AI developer community.

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GAME by Virtuals (GAME): Your Gateway to Advanced AI Agent Development

Bitcoin liquid staking is a DeFi mechanism that enables BTC holders to earn passive yields. Learn more about how it works in this article.

The rise of Bitcoin liquid staking marks a significant evolution in cryptocurrency yield generation. At the core of this innovation is Babylon, a non-custodial infrastructure that serves as the foundation for Bitcoin liquid staking protocols like Lombard and pSTAKE. By building on Babylon, these protocols enable BTC holders to earn staking rewards while maintaining liquidity, BTC holders to earn rewards while retaining their assets’ liquidity, bridging the gap between Bitcoin's store-of-value proposition and yield opportunities within 

This article explores how Bitcoin liquid staking works, examines its advantages and risks, and considers whether it’s worth trying. We also analyze the leading Bitcoin liquid staking platforms driving adoption in this rapidly growing ecosystem.

Bitcoin liquid staking is a DeFi mechanism that enables BTC holders to earn passive yields by participating in 

 (PoS) networks and receive tradable tokens that maintain their Bitcoin's liquidity and utility in the broader DeFi ecosystem.

Liquid staking protocols open new yield-bearing opportunities in the Bitcoin ecosystem. While Ethereum liquid staking generates yields through network validation rewards, Bitcoin liquid staking creates returns by securing other blockchain networks, and through 

 that expand the utility of BTC beyond its primary function as a store of value.

Bitcoin liquid staking operates through a straightforward process that bridges traditional Bitcoin holding with DeFi functionality. When users stake their Bitcoin, they interact with specialized DeFi protocols that generate yield while maintaining liquidity.

First, users deposit their Bitcoin into a liquid staking protocol, where it's securely stored using various methods, which can include multi-signature wallets or other security mechanisms depending on the platform.

Users begin by depositing their Bitcoin into their chosen liquid staking protocol, which secures deposits through various methods like 

 or other security mechanisms. In return, they receive 

 (LSTs) representing their staked BTC on a 1:1 basis.

These LSTs can be used across various DeFi applications while the underlying Bitcoin works to secure PoS networks through protocols such as 

. The staking rewards are generated through point systems, protocol incentives or network fees, depending upon the specific Bitcoin liquid staking platform used.

, users' staked Bitcoin helps secure their networks. Rewards are typically distributed daily through the protocol's native tokens, which users can claim while holding their LST positions.

The unstaking process is equally straightforward — users can redeem their LSTs for their original Bitcoin whenever they choose, subject to any applicable unbonding periods or protocol-specific conditions.

Bitcoin liquid staking offers unique opportunities for yield generation, but it comes with its own set of risks that investors should carefully evaluate.

The Bitcoin liquid staking landscape offers diverse options for BTC holders seeking yield opportunities. Following are the top platforms.

Lombard transforms Bitcoin into a yield-generating asset through its LBTC token on Ethereum, with over $1.5 billion in 

 (TVL). The protocol integrates with established DeFi platforms like Morpho, Pendle and Symbiotic, enabling LBTC holders to access lending, borrowing and 

 opportunities. A 5% fee applies to staking rewards.

Following a successful private beta that attracted $230 million from over 4,000 institutional and individual users, Lombard has entered its public beta. Lombard maintains strict security standards through regular audits and a self-custodial model, ensuring LBTC remains fully backed by Bitcoin at a 1:1 ratio.

Recently launched by the Core Foundation, LstBTC is an 

 blockchain. The protocol enables daily rewards in CORE tokens through a dual staking model, whereby users can stake both Bitcoin and CORE tokens for enhanced yields.

Since its launch in April 2024, Core has attracted over 5,500 BTC (around $500 million) in staked assets and built a comprehensive 

 ecosystem. The protocol leverages Bitcoin 

 power for security, with about 55% of miners contributing to network stability.

 integration, allowing users to earn rewards from Layer 2 activity. The protocol converts deposited BTC into stBTC tokens for DeFi applications, enabling its users to earn daily Lightning Network routing fees without managing node infrastructure.

With over 105 active channels and the capacity to process over 18,000 

 (TPS), Stroom Network is secured by established validators, such as P2P.org and Allnodes. Stroom' 

 structure and multisig system ensure decentralized governance while managing Lightning Network integrations.

Babylon is an infrastructure protocol that enables Bitcoin holders to secure PoS networks through BTC staking without requiring 

 or third-party custody. The protocol has accumulated nearly 24,000 BTC in its ecosystem since launching in 2024.

Babylon’s platform prioritizes security through its innovative timestamping protocol, and partnerships with established validators like P2P.org. Though offering more conservative yields than competitors, Babylon's self-custodial model and robust security features have attracted institutional users seeking to put their Bitcoin to work while they maintain control of their assets.

 simplifies BTC yields through Bitcoin staking on Babylon's infrastructure. With over $35M in TVL, the platform offers two core offerings: a fixed-yield earn product (similar to Bybit Earn) accessible to all users and a Bitcoin LST, called YBTC, that offers tailored Bitcoin yield solutions to institutions.

Users can earn staking rewards from Bitcoin-secured networks by staking native BTC through 

. YBTC, a yield-bearing ERC-20 token on Ethereum backed 1:1 by BTC, connects with BNB Chain, Corn, B Squared, and Bitlayer through LayerZero integration.

Institutions can use YBTC in the BTCfi ecosystem to generate additional yields from DeFi protocols focused on restaking, yield farming, and more. PSTAKE — the protocol's incentivization, governance, and staking token — trades on exchanges like Bybit and can be staked on the Base L2 chain to earn Bitcoin rewards for participating in protocol and community activities.

Bitcoin liquid staking is worth considering if you:

Before participating, investors should carefully evaluate platform security, understand the technical aspects of liquid staking and assess their 

. Additionally, smart contract vulnerabilities and LST price fluctuations present real risks that need to be considered against potential rewards.

Choose a platform that aligns with your expertise level and goals. Established protocols like pSTAKE suit experienced DeFi users, while newer participants might prefer user-friendly platforms, such as Core's LstBTC. Start with smaller amounts of assets to familiarize yourself with the mechanics before committing significant capital.

Bitcoin liquid staking represents a significant evolution in Bitcoin's utility, offering holders new ways to earn yields while participating in the broader DeFi ecosystem. While the technology and protocols are still being developed, growing market adoption and continued innovation suggest a promising future for the Bitcoin liquid staking sector.

Intermediate

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Bitcoin Liquid Staking: New Yield Opportunities for BTC Holders

BlackRock has launched the iShares Bitcoin ETF (IBIT) on Cboe Canada, offering Canadian investors access to Bitcoin through brokerage accounts.

The S&P 500 rose 0.16% as focus shifts to inflation data and earnings reports from major banks. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.16%, with Bitcoin and Ether dropping by 1.14%  and 4.65%, respectively in the past 24 hours.

Today's top performer is AAVE, which surged 4.3% after the announcement of Aave and GHO's expansion across networks for broader integration.

Aave (AAVE), founded in 2017, is a decentralized lending platform on Ethereum for lending, borrowing, and earning interest on 17 cryptocurrencies. It uses smart contracts, collateral for loans, and aTokens for interest, along with features like instant loans. Aave is 

 to multiple networks, with ARFCs passed for Linea, Celo, and World Liberty Finance, while Sonic, Mantle, BOB, and Rootstock are in earlier stages. GHO stablecoin is also growing, with expansions to Avalanche and Base already approved. Aave and GHO aim for widespread integration.

 the iShares Bitcoin ETF (IBIT) on Cboe Canada, offering Canadian investors access to Bitcoin through brokerage accounts. The ETF mirrors Bitcoin's price performance by investing in the U.S. iShares Bitcoin Trust ETF, which holds long-term Bitcoin assets. This launch highlights BlackRock’s focus on innovation and simplifying Bitcoin exposure by addressing operational and custody complexities. Cboe Canada, known for pioneering financial products, emphasizes its role in expanding the crypto ecosystem. IBIT and IBIT.U join seven other iShares ETFs on Cboe Canada, enabling investors to trade via standard investment channels.

Yesterday, BTC Spot ETFs experienced outflows totaling $313.6M, including $89M from GBTC and $224.6M from non-GBTC sources.

 its governance token, $ANIME, in January 2025 with a total supply of 10 billion (7.69 billion initially circulating). Community allocation is 50.5%, including 2% for Hyperliquid stakers, Kaito yappers, and Arbitrum users. Completing Azuki's points tasks might help with eligibility for the airdrop.

BlackRock Launches iShares Bitcoin ETF on Cboe Canada for Simplified Crypto Access

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Golem Network is an Ethereum-based DApp that enables decentralized trading of computing resources.

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Decentralized sharing of computing power is among the most innovative solutions that blockchain technology offers. Over the past few years, numerous projects focused on bringing together buyers and sellers of computational power over a blockchain network have emerged. This new category of the blockchain ecosystem, DePIN (

), is among the fastest-growing niches in the industry. The origins of the DePIN concept, however, predate even the 

 (ETH) blockchain itself, the network of choice for most of these projects.

Back in late 2014, a few months before the launch of Ethereum, programmer and blockchain enthusiast Piotr Janiuk presented the initial idea behind Golem Network (GLM), a DePIN system designed to support a decentralized computing power marketplace. The pioneer of the concept, the Golem Network project, was eventually founded in 2016 and launched on Ethereum in 2018. 

To date, Golem Network remains one of the foremost innovators in the DePIN sector, with the project introducing a scalable 

 (AI) road map in early 2024. The concept of trading computational resources, such as GPU, CPU, memory or storage over a decentralized platform, truly emerged with the arrival of Golem Network.

 (DApp) designed to facilitate the flexible trade of computing power and resources over a blockchain network. 

Golem is a classic example of the DePIN concept, having pioneered it within the blockchain industry. The origins of the project date back to November 2014, when a number of blockchain technology visionaries and enthusiasts, including industry heavyweights like Vitalik Buterin and Gavin Wood, gathered in Berlin for the Devcon 0 conference.

Devcon 0 was dedicated to the exploration of the Ethereum blockchain concept, which was eventually launched the following year, and involved a small number of presentations on early ecosystem projects. Among the projects presented was Golem Network, an innovative idea for using the Ethereum blockchain to power the flexible sharing of computing resources.

After years of research and development, the Golem Network project was eventually founded in 2016 by Golem Factory. The project's Ethereum mainnet was launched in April 2018 to support the affordable and flexible trade in computing capacity between resource requesters and providers. Golem Network quickly became a viable alternative to the more expensive and restrictive cloud computing services provided by centralized entities.

The platform's initial native token was GNT. In November 2020, the project announced a migration of the GNT token to the new GLM token to improve its functionality. In late 2021, Golem added support for Layer 2 operations by establishing its presence on the 

 (POL) platform, a popular Layer 2 sidechain for Ethereum. Golem now supports transacting on Ethereum 

 and on Layer 2 through Polygon. The latter option provides significant scalability and cost savings for users.

Golem, however, isn't just a medium for exchanging computing resources: the network's ecosystem now features several DApps and solutions that streamline resource sharing, enable AI applications and even offer crypto portfolio management. For instance, the 

 project is among the first machine learning (ML) algorithm training solutions leveraging Golem. Another innovative DApp within the Golem ecosystem is 

, also known as Blockchain Automations, a 

 (DeFi) solution for automated portfolio management.

As a trailblazer of decentralized trading in computing power, Golem Network was among the top DePIN projects a few years ago, often viewed as a key competitor to another major early DePIN platform — 

 (RNDR). However, fierce competition in this sphere and the rise of other DePIN players over the past three years have dropped Golem to 16th place by market cap in the DePIN category (as of Sep 4, 2024). Even though Golem is no longer a full-fledged category heavyweight, it remains a historically significant project in the blockchain industry.

There are two key types of network actors on Golem: computing resource consumers, called 

. Requestors provide their requirements by filling out a task template in which they indicate what kind of hardware resources they need. Meanwhile, Providers join the network and offer their services to complete the tasks submitted by Requestors. In most cases, you don't need to run a high-powered machine to act as a Golem Requestor. Any laptop or desktop with relatively modern specifications can be used to provide services on Golem Network.

Providers earn rewards in GLM tokens for their resource contributions. They’re free to set their own rates for these contributions. Naturally, the rates set by Providers are one of the variables used by Requestors in their selection process. In addition to the rates charged, other selection factors frequently used by Requestors include the number of processor cores offered, the Provider's reputation and history of performance, and the urgency of the task.

While Golem doesn't require particularly onerous hardware specifications, some minimums that Providers must meet include a Linux machine with the x86-64 architecture and the nested virtualization option enabled in the machine's basic input/output system (BIOS). These basic requirements apply to standard CPU capacity sharing.

Since early 2024, Golem Network also offers GPU capacity sharing, specifically tailored for AI use cases. Providers who would like to provide GPU power to the network must meet higher minimum requirements, including more advanced specifications for storage and video cards.

In early 2023, Golem Network floated the idea of GPU capacity-sharing as a proof of concept (PoC). Since early 2024, the project has begun to offer the decentralized trade in GPU power to support resource-intensive AI computations.

As the AI field within the blockchain industry experiences explosive growth rates, many DePIN projects have launched their AI-focused products. Golem Network hasn't remained indifferent to these developments, introducing its updated GPU/AI road map in early 2024. The project aims to offer several dedicated solutions for AI applications. Among these are Modelserve AI and Golem-Workers.

Modelserve AI is a platform to let AI developers affordably run their models at scale, while Golem-Workers is an API that lets Requestors access dedicated high-level nodes to process and fine-tune AI models.

We noted above that Golem hosts not only a 

 marketplace for computational tasks, but also a variety of DApps and solutions based on the platform's technology. Below are some of the more notable among these solutions.

 is a popular Python-based distributed computing framework designed for AI and ML applications. Given Ray's focus on these fast-expanding fields, applications utilizing the framework often require access to significant computing capacity. Quickly scaling the applications to meet fluctuating demands is also a frequent requirement.

Ray on Golem is an integration of the framework with the Golem platform. Python developers can use it to access Golem's computing resources in order to run computations within their apps. This expands the use cases and reach of Ray-based apps, with more robust solutions and AI models now available through the highly popular framework.

 is an interactive computing environment that lets users create and share documents containing programming code, textual information, media files, visualizations and other pieces of digital information. Thanks to its interactivity and capacity to accommodate various media types, Jupyter is a highly popular tool for programmers and software testers, especially for tasks like prototyping, collaborative development, debugging and testing.

The Jupyter on Golem solution integrates Jupyter's Python version on Golem Network, empowering Python-based Jupyter documents to utilize the computing capacity offered by Golem. This is particularly useful for collaborative work when developing large-scale, resource-hungry Python applications.

Rendering is another area in which Golem Network has use cases and applications. Computer rendering is the process of creating finalized 3D visual outputs (e.g., images, animations and videos) from initial specifications, and modern, visually rich rendering requires a lot of processing power.

 to help the project render personalized videos and animations of buildings for its NFT users. Building co-owners and holders of the associated Reality NFTs can now generate building animations containing their personalized information, such as a building nameplate with their nickname, wallet address and share amount. Golem Network is the underlying technical solution that works in the background to power these animations seamlessly.

Golem's reputation system is a form of sophisticated 

 (DID) solution. It assigns reputational scores and properties to Golem Providers. These properties are based on Provider nodes' historical performance on the network, in addition to technical infrastructure capacity and other factors. The reputation system makes it easy for Requestors to identify reliable resource providers.

Currently, Golem's reputation system exists only for Providers, but there are plans to introduce a similar identity and scoring solution for Requestors, as well for a more balanced ecosystem.

Golem Portal provides an easy-to-use graphic interface for accessing the platform's services and DApps. Instead of using command-line options, developers and users can take advantage of Golem Portal to launch apps with just a few clicks. The portal also provides visualizations that show the steps for launching Golem apps and services; the number of active Providers on the network; and other useful platform-wide information.

 token on the Ethereum and Polygon chains. GLM is primarily used to facilitate the trade in computing power on Golem Network. Requestors pay in GLM for access to hardware resources, while Providers are rewarded in GLM for providing the resources. GLM is also used for 

Golem's original token, GNT, was issued on Ethereum back in 2016, when the blockchain's ERC-20 standard for fungible tokens hadn't yet started to gain real traction among developers. As such, the GNT token itself wasn't based on the ERC-20 standard. As the standard became popular, GNT's lack of compatibility with the standard became a serious limitation for the Golem project. In particular, Golem's plans to utilize Layer 2 processing through Polygon were hampered because GNT wasn’t an ERC-20 asset.

As a result, in late 2020, Golem Network announced a migration from the original GNT token to the ERC-20–based GLM. This migration allows GNT holders to swap their tokens for GLM at a fixed ratio of 1:1. The migration has no deadline, although most GNT tokens have already been converted to GLM as of early September 2024.

The new GLM token has inherited most of GNT’s tokenomics properties. It has a total and maximum supply of 1 billion. 

The original GNT token was allocated via three main streams as follows:

You can stake your GLM tokens to earn passive income. It’s a great way to boost earnings from GLM for resource providers or, in fact, anyone who holds GLM tokens as an investment. 

There are several options for the GLM staking process, including solo staking, staking pools and staking-as-a-service. Since Golem Network is an Ethereum-based DApp, your staked GLM is converted to ETH at the underlying level to help secure the blockchain's 

The GLM token is available on Bybit via its Derivatives market as a Perpetual futures contract with USDT (

). Bybit's Derivatives market allows you to trade hundreds of crypto assets with low fees and up to 100x leverage, depending upon the asset chosen. There are markets for Perpetuals, standard Futures and Options, with contracts based on popular stablecoins — USDT and USDC — as well as a range of other popular high-cap cryptos.

As of Sep 4, 2024, the GLM token's market value is $0.2669, which is 79.8% lower than its ATH of $1.32 on Apr 13, 2018, and over 2,800% higher than its ATL of $0.009138 on Dec 12, 2016.

Long-term price forecasts for GLM are generally bullish. PricePrediction 

 to trade at $0.52 in 2025 and $3.22 in 2030, while DigitalCoinPrice 

Depending upon your investment preferences and goals, you might consider the GLM token for the following reasons:

Large-scale applications in AI, ML and other fields that demand heavy-duty computations now rely a lot on the distributed processing model. These applications make extensive use of cloud services in Web 2.0, as well as DePIN networks in 

. Golem Network, a project that laid the foundation stone for the DePIN concept, continues to thrive and innovate in this environment.

Golem is no longer as dominant a force in its niche as it was in the early years of DePIN platforms. At #16 in market cap rankings, it can be best described as a medium-sized DePIN player. However, its time-tested nature and the capacity to regularly introduce new features still attract nothing but admiration. 

Decentralized hardware capacity-sharing started with Golem, and the project will undoubtedly play a key role in this sector of the blockchain industry for years to come.

Golem Network (GLM): A Decentralized Supercomputer Redefining Computation

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