Thetanuts Finance (NUTS) AscendEX Listing

The NUTS listing on AscendEX will open for trading on September 23 at 10:00 AM UTC, following a deposit window starting September 22 at 10:00 AM UTC and withdrawals enabled on September 24 at 10:00 AM UTC. The token will trade under the NUTS/USDT pair, offering a seamless entry point for users. Thetanuts Finance, built on Ethereum, focuses on altcoin options, empowering users with long and short positions through a hybrid request-for-quote (RFQ) and orderbook system. This listing marks a significant milestone, enhancing access to a project that aims to simplify derivatives trading and support innovative financial strategies across multiple chains.

Recent News

Over the past few months, Thetanuts Finance has been gaining traction, with its NUTS token circulating at 2.3 billion, contributing to a market cap ranking it at #2746. The project has seen a 7.20% price increase over the last seven days, outperforming the broader crypto market’s 6.60% gain. AscendEX’s decision to list NUTS, announced on September 19, underscores the exchange’s support for promising DeFi projects, building on its reputation for nurturing innovative tokens with comprehensive marketing and liquidity support.

Future Plans

Thetanuts Finance is set to expand its ecosystem, with plans to scale its modular smart contracts across additional blockchains and enhance its “Theta System.” This system includes systematic strategies like non-liquidation lending, yield generation, and AI-enhanced solutions, aiming to attract more builders and users. The AscendEX listing could pave the way for further exchange partnerships and new feature rollouts, positioning NUTS as a competitive player in the options trading space.

Onchain Data

Specific onchain data for NUTS isn’t fully detailed here, but recent market activity shows a 24-hour trading volume of $57,412.99, down 60.30% from the previous day, indicating some volatility. With a circulating supply of 2.3 billion tokens and a fully diluted valuation reflecting long-term potential, the project’s activity suggests growing interest. Further metrics like wallet activity would require deeper analysis from platforms like Etherscan, but the current data points to a project with room to grow post-listing.

Community Sentiment

The X community is buzzing with optimism about the NUTS listing. Posts highlight excitement about the token’s potential, with users calling it a “major step” and predicting increased volume on AscendEX. Influencers have congratulated the team, while some early adopters see it as a chance to get in early. However, a few caution about the recent dip in trading volume, urging patience as the market adjusts, reflecting a mix of enthusiasm and prudent skepticism.

Why It Matters

This listing is a game-changer for Thetanuts Finance, offering greater exposure and liquidity that could drive adoption of its options protocol. For investors, it’s an opportunity to explore a niche DeFi project with growth potential; for traders, it adds a new asset to diversify portfolios. The event could spark price movement, so participants should monitor closely. As with any new listing, be mindful of initial volatility risks.