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ENSO, the native token of Enso Network, a decentralized layer-1 network, has seen a remarkable 30% increase. However, the crypto asset has decreased to 18.8% according to CoinGecko data. At the time of writing, the ENSO token trades at $2.04.
The latest surge follows a listing announcement on Upbit Korea, the largest crypto exchange in South Korea in terms of trading volume and customer base. The platform lists over 180 tokens. The digital asset is also listed on the Bithumb crypto platform under the ticker ENSO/KRW.
The ENSO token serves as an incentive mechanism for participants who contribute to network validation and the continuous optimization of Enso’s infrastructure and solutions. The asset has a market capitalization of $40.295 million, with a trading volume of $257.723. The project also has a total supply of roughly $100 million.
Founded in 2021, Enso Network is a blockchain project that helps developers easily build and run apps that work across different blockchains. Enso originated from the development of a social trading application. After facing substantial integration and maintenance challenges within decentralized finance (DeFi) ecosystems, it evolved into a comprehensive blockchain interoperability platform. The project allows developers to connect to many blockchains. Its native token, ENSO, is used for voting on decisions, staking to help the network, and earning rewards.
The project also serves as an interoperability layer that normalizes smart contract interfaces, enabling developers to deploy decentralized applications across multiple blockchain architectures through a single integration point.
Enso fixes the problem of developers spending too much time and money connecting to different blockchains. It makes it easy to manage and update smart contracts across networks and removes the need for every project to rebuild the same core code and run extra security checks.
The network is designed to work across Ethereum and EVM-compatible ecosystems. By utilizing a shared execution engine, Enso abstracts blockchain-specific complexity. It empowers developers to build and integrate DeFi, NFT, and protocol workflows without being limited by chain architecture.
Founded by Connor Howe, who also serves as CEO, Enso offers a set of ready-made “Actions” such as swapping, lending, borrowing, and minting NFTs. Developers can easily combine and reuse these Actions using Enso’s shared network, which handles routing and validation automatically. This helps projects save time, skip unnecessary audits, and launch faster without requiring deep blockchain engineering.
With over 9 years of experience as a crypto builder, Howe specializes in DeFi and smart contract development. He started his crypto career writing Solidity in Mist wallet. Additionally, the Enso team brings together specialists with backgrounds in leading crypto platforms and venture-funded projects.
The platform has also secured $9.2 million in funding from Polychain Capital, Multicoin Capital, and The Spartan Group. It aims to streamline smart contract integration and enable developers to concentrate on innovation.
Through its collaboration with CoW DAO and CoW Protocol, the platform is bringing intent-based transaction settlement to the forefront of DeFi. It enables efficient, cross-chain operations. With over 100 integrated applications, 250 supported protocols, and nearly 2,000 active developers, the infrastructure is already demonstrating strong traction and tangible market adoption.
The post Why did Enso (ENSO) Surge Above 30% in an Hour? appeared first on CoinTab News.
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