FIS (StaFi) rose 54.68% in the last 24 hours

Gate News Bot news, on July 8th, according to CoinMarketCap data, as of the time of writing, FIS (StaFi) is currently priced at 0.12 USD, having risen 54.68% in the last 24 hours, with a high of 0.14 USD and a low of 0.07 USD. The 24-hour volume reached 101 million USD. The current market capitalization is approximately 13.9 million USD, an increase of 4.93 million USD compared to yesterday.

Important news about FIS recently:

1️⃣ StaFi protocol proposes to reduce FIS inflation rate The StaFi protocol recently proposed an important initiative aimed at reducing the inflation rate of FIS tokens to usher in its deflationary era. This move is expected to improve the token economics model of FIS, potentially limiting supply growth, thereby providing support for the token's value.

2️⃣ Expansion of DeFi Applications in Capital Markets Financial technology giant FIS has partnered with cryptocurrency infrastructure provider Fireblocks to bring DeFi technology into traditional capital markets. This collaboration marks an acceleration in the integration process between DeFi and traditional finance, potentially bringing more opportunities for DeFi projects like StaFi.

3️⃣ USDC settlement business launched on the Polygon network Worldpay, a global payment processor under FIS, announced support for USDC stablecoin settlements on the Polygon network. This move reflects the rising demand from institutions for crypto payment solutions and is expected to bring more liquidity and application scenarios to the entire crypto ecosystem.

From a technical perspective, the FIS price has recently broken through several important resistance levels, with volume significantly increasing, indicating strong pump momentum. However, considering the considerable short-term rise, investors should remain vigilant about the potential risk of a pullback.

This message does not constitute investment advice; investors should be aware of market volatility risks.