Bonk Ecosystem Development Protocol's Graphite Token TVL Surpasses $1.2 Billion, Reaching an All-Time High

BlockBeats News, July 8th, according to GMGN data, the market cap of the Bonk ecosystem development protocol Graphite Protocol's token GP has surpassed $1.2 billion, reaching a historic high, currently at $1.11 billion, with a 24-hour price increase of 22.2% and a 24-hour trading volume of $13.4 million.

According to an earlier official announcement by Graphite Protocol, the team has already conducted a buyback of 2.81% of the GP tokens in the past 2 months and will continue to do so. The official website shows that Graphite Protocol has developed multiple products based on the Bonk ecosystem, including the copy trading robot Parallel.

BlockBeats reminds users that the prices of related tokens are highly volatile, and users should invest with caution.