ANVL rose more than 83% over the past 24 hours, trading at $0.001242 and pushing its market capitalization to $109.4 million, according to a BlockBeats report published on Oct. 7. Fully diluted valuation was listed at $124 million, while 24-hour trading volume stood at just $415,000. The move was linked in the report to news that Peter Thiel’s Founders Fund led a $5 million purchase of Anvil governance tokens. Anvil is built on Ethereum and is designed to use digital assets as collateral for financial commitments such as payments and credit. Its development company, Anvil Research Labs, has also launched an SDK aimed at helping enterprises and financial institutions integrate the protocol without writing blockchain code. Consensus, Bitcoin.com and payments company Flexa were listed as partners. ANVL has a total supply of 100 billion tokens, with about 80 billion in circulation, while the Anvil network’s TVL was reported at roughly $14 million.
ANVL climbed more than 83% over the past 24 hours, reaching $0.001242 and lifting its market capitalization to $109.4 million, according to BlockBeats on Oct. 7. Its fully diluted valuation was reported at $124 million, while 24-hour trading volume came in at $415,000.
BlockBeats said the move may have been driven by news that Peter Thiel’s Founders Fund led a $5 million purchase of Anvil governance tokens.
Anvil is built on Ethereum and is designed to use digital assets as collateral for financial commitments including payments and credit. Unlike traditional DeFi lending protocols, Anvil focuses on providing on-chain collateral backing for financial commitments rather than letting users borrow and pay interest.
Anvil Research Labs, the company developing the project, has also rolled out an SDK to help enterprises and financial institutions integrate the protocol without writing blockchain code. Consensus, Bitcoin.com and payments company Flexa were listed as partners.
On the token side, ANVL has a total supply of 100 billion, with about 80 billion currently in circulation. The Anvil network’s total value locked was reported at about $14 million.
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