LPT tokens are in full circulation, with a market value of $219 million, ranking 143rd
In Livepeer, new tokens are minted in each round (round) and distributed to delegators and coordinators. The round here refers to the unit focused on Ethereum blocks, where one round is equivalent to 5760 Ethereum blocks. The average block time in Ethereum is 14 seconds, which means that one round lasts about 22.4 hours. The current LPT currency rate is 0.03165%, and the current total supply is 28,904,976.38 Livepeer tokens. The next round will reward a total of 9,264.04 to all participants.
Newly minted Livepeer tokens are worth approximately $70,000. The annualized inflation rate corresponding to the current inflation rate is approximately 12%.
Livepeer's inflation rate will automatically adjust based on the staking rate, which is currently 44.72%, which Livepeer calls the "participation rate" (participation rate). Livepeer presupposes that 50% is a healthy compromise between network security and token liquidity, and when the participation rate is below this level, the inflation rate will increase by 0.00005% per round, and when the participation rate is below this level, the inflation rate will decrease by 0.00005% per round
Price performance
LPT was launched in 2018, and its highest price occurred in November 2021. The current price is 92.3% lower than the highest price.
The latest wave of market started on August 7 this year, when LPT rose 43% from 4.98 to 5.87 in a single day, and rose to 9.26 on August 13, doubling in a week. At 9:30 this morning, it rose 12% in 15 minutes, and has not yet broken through the previous high.
Although the price tried to hit the $8 mark again, the LPT contract open interest was at a relatively low level since the start of this wave of market, and there was no significant increase in open interest with the price increase. Currently, the funding rate has fallen below -1%, and the ratio of long and short positions and the long-short ratio of large accounts have fallen to 0.81 and 0.72 respectively.
On the same day when the market was launched, large transfers were observed in the on-chain data. The frequency of on-chain transfers in August increased significantly compared with the previous period.
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