Tellor (TRB) is a decentralized oracle protocol designed to connect blockchain smart contracts with real-world data. This article will evaluate TRB's basic situation, market dynamics, and future development prospects so that readers can better understand the project's positioning and potential in the cryptocurrency ecosystem.
TRB rose again today. This type of market maker belongs to the strong market maker type. The top 10 wallets hold 50% of the coins. If the price skyrockets and everyone shorts them, you will die miserably!
The total supply of this coin is 2.55 million, and the circulating supply is 2.49 million, which is almost fully circulated. In terms of the use of tokens, the previous project required miners to stake 1,000 TRB for mining, which enhanced the practical use of TRB.
Core functions
TRB’s core function is to serve as a bridge between blockchain and real-world data, providing smart contracts with reliable external data sources. This helps smart contracts make smarter decisions based on real data.
Market background and development
TRB is backed by well-known entities such as Binance and has received investments from MakerDAO and others. Some market observers have expressed concerns about the concentration of specific addresses holding TRB, especially the high proportion of TRB held by Binance.
Market analysis and outlook
Compared with leading oracle projects such as Chainlink (LINK) and Band Protocol, TRB's market capitalization is far behind, but this also means that there is more room for growth in the industry's blue ocean market. As the overall cryptocurrency market matures and develops further, TRB is expected to make more progress and growth in the future.
Team Background
TRB’s CEO Brenda Loya has an economics background and worked in statistical software development for the U.S. federal government. CTO Nicholas Fett is a blockchain developer who founded Daxia, a centralized derivatives contract platform, and has extensive technical experience.
in conclusion
In short, TRB plays an important role in the market as a decentralized oracle protocol. However, there are too many signs of strong market manipulation, so don’t think about opening a short position when the price skyrocketed, and don’t think about going long. It is not recommended to touch the contract, but it is still okay to let the market maker take you to eat some soup in the spot market!
