ANVL rose more than 83% over the past 24 hours after news emerged that Peter Thiel’s Founders Fund led a $5 million purchase of Anvil governance tokens, according to Odaily. The token was quoted at $0.001242 at the time of the report, lifting its market capitalization to $109 million. Fully diluted valuation stood at $124 million, while 24-hour trading volume reached $415,000. 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, 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, and the Anvil network’s total value locked was reported at roughly $14 million.
ANVL climbed more than 83% in the past 24 hours after news circulated that Peter Thiel’s Founders Fund had led a $5 million purchase of Anvil governance tokens, according to Odaily.
At the time of the report, ANVL was priced at $0.001242. Its market capitalization had risen to $109 million, with fully diluted valuation at $124 million. The token’s 24-hour trading volume was reported at $415,000.
Anvil protocol details
Anvil is built on Ethereum and is designed to use digital assets as collateral for financial commitments including payments and credit. Its development company, Anvil Research Labs, also launched 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.
Token supply and network metrics
ANVL currently has a total supply of 100 billion tokens, with about 80 billion in circulation. The Anvil network’s total value locked was reported at about $14 million.
Unlike traditional DeFi lending protocols, Anvil’s model centers on using on-chain collateralized assets to back financial commitments, rather than allowing users to borrow and pay interest.
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