BANK (Lorenzo Protocol) has pumped 16.30% in the last 24 hours.

Gate News Bot news, on December 22, according to CoinMarketCap data, as of the time of writing, BANK (Lorenzo Protocol) is currently priced at $0.04, with a rise of 16.30% in the last 24 hours, reaching a high of $0.05 and a low of $0.03, with a 24-hour volume of $32.4 million. The current market capitalization is approximately $23.6 million, an increase of $3.31 million compared to yesterday.

Lorenzo Protocol is an institutional-grade on-chain asset management platform dedicated to building a financial abstraction layer. By combining CeFi financial products with on-chain infrastructure, it provides solutions for complex financial needs within the DeFi ecosystem.

The core products of the platform include on-chain trading funds (OTF), which provide tokenized yield strategies (such as fixed income, principal protection, and dynamic leverage) in the form of a single tradable code for ordinary users, similar to ETFs in traditional finance. At the same time, it offers institutional-grade customized solutions for DeFi partners, including tailored financial structures, robust security frameworks, and customizable product features.

The Lorenzo Protocol has been deployed on multiple mainstream public chains and Layer 2 networks including Mantle, Taiko, Manta, BNB Chain, BEVM, Mode, Arbitrum, Aptos, Sui, Ethereum, Berachain, Bitlayer, B² Network, Scroll, Movement Labs, X Layer, and Merlin, featuring a complete asset custody and cross-chain bridging infrastructure to ensure asset security.

Important news about BANK recently:

1️⃣ Financial institutions are accelerating their on-chain布局 The strategic deployment of traditional financial institutions in the blockchain field is continuously deepening. Several mainstream financial service providers are advancing the process of obtaining banking licenses, including applying for federal bank charters and industrial bank licenses. The increased recognition of on-chain financial infrastructure by the banking industry indicates that the trend of integration between traditional finance and blockchain is strengthening, creating broader market demand for institutional-level on-chain asset management platforms like Lorenzo Protocol.

2️⃣ Stablecoins and On-Chain Settlement System Development Currently, multiple financial institutions are successively launching stablecoin products, including enterprise-level payment stablecoins and bank-issued stablecoin solutions. Global payment giants are also promoting pilot applications of stablecoins in the U.S. banking system, indicating that on-chain payment and settlement infrastructure is gradually becoming an important part of the mainstream financial system. As a platform providing on-chain trading funds and customized financial structures, Lorenzo Protocol has the advantage of capturing the demand for structured products in this trend.

3️⃣ Strategic Understanding of the Future of On-Chain by the Banking System Mainstream financial institutions have clearly stated that the U.S. banking industry is moving towards on-chain development, reflecting a significant increase in traditional finance's acceptance of decentralized financial infrastructure. This shift in perception has created unprecedented application scenarios for Lorenzo Protocol's institutional-level financial products across multiple mainstream public chains and layer-2 networks, benefiting the platform's market expansion and user growth.

This message is not intended as investment advice; investors should pay attention to market volatility risks.