Puffer (PUFFER) Token Officially Enters Crypto Exchanges

On October 14, several centralized crypto exchanges (CEX) began listing the PUFFER token. Bitget emerged as the largest trading platform for PUFFER

Several centralized crypto exchanges (CEX) listed the PUFFER (PUFFER) token on October 14.

Of these exchanges, Bitget had the highest trading volume for PUFFER, accounting for 77.99% of the token’s total trades, as reported by CoinGecko.

Other platforms include Gate.io (15.09%), KuCoin (7.57%), and HashKey Global (0.35%).

Currently, PUFFER is only available in a trading pair with the stablecoin Tether (USDT).

The First Season of the PUFFER Airdrop Has Begun

The first airdrop season is now live, with 7.5% of the total PUFFER tokens allocated to participants.

A second airdrop season will follow, allocating an additional 5.5% of tokens, although the specific dates for this phase have not yet been announced.

In total, PUFFER has a circulating supply of 1 billion tokens.

It's almost here! The $PUFFER airdrop goes live on October 14th, 2024, 11 PM UTC Until January 14th, 2025, 11 PM UTC!

Link: https://t.co/ihnAvILDtn

$PUFFER is the cornerstone… https://t.co/0000000000

— Puffer Finance ? (@puffer_finance) October 10, 2024

PUFFER Is a New Competitor for EIGEN

Previously, on September 30, another restaking protocol, EigenLayer (EIGEN), began trading on crypto exchanges.

Despite high anticipation for EIGEN's launch, the token's price experienced minimal movement and remained volatile during its initial days of trading.

In the realm of decentralized finance (DeFi), EigenLayer boasts the title of the largest restaking protocol, according to DeFiLlama.

With a Total Value Locked (TVL) of $11.368 billion, the protocol ranks third among DeFi chains, as reported by the same platform.

Meanwhile, PUFFER ranks 24th on the list with a TVL of $1.385 billion.

PUFFER began trading at around $0.4859, but its price quickly dropped to $0.3272 within the first few hours of being listed on exchanges, marking a 32% decrease.

In the world of DeFi, restaking protocols are emerging as a critical and promising domain. However, the majority of restaking projects still lack native tokens, with EIGEN and PUFFER currently being the main two protocols with their own tokens.