XLAB (Dexlab) rose 21.33% in the last 24 hours.

Gate News Bot news, September 5th, according to CoinMarketCap data, as of the time of writing, XLAB (Dexlab) is currently reported at 0.0000049769 USD, with a rise of 21.33% in the last 24 hours, reaching a high of 0.0000255018 USD and a low of 0.0000029863 USD. The current market capitalization is approximately 1.75 million USD, an increase of 307.7 thousand USD from yesterday. Currently, XLAB ranks 1890th in global Crypto Assets market capitalization.

Dexlab is a decentralized trading platform focused on the Solana ecosystem, providing fast and convenient token creation, issuance, and trading services for meme token creators. The platform has supported the issuance of several well-known meme tokens, such as BONK, MYRO, SLERF, and PONKE. Dexlab's vision is to become the launch infrastructure for the next wave of cultural hotspots on the internet, empowering creators, communities, and investors by simplifying the token creation and trading process.

Important news about XLAB recently:

1️⃣ Gate launches multiple incentive activities for XLAB Gate launched XLAB on August 29 and introduced a series of incentive activities. Among them is a 7-day fixed-term financial product with an annualized yield of up to 500%, with a total quota of 26 billion XLAB. This high-yield product may have attracted a large number of investors, driving up the demand and price of XLAB.

2️⃣ CandyDrop activity increases trading volume From September 3 to 14, Gate launched the CandyDrop event for XLAB, with a total prize pool of up to 10 billion XLAB. Users can participate in splitting the rewards by completing tasks such as spot trading and inviting friends. This event is expected to stimulate the trading activity of XLAB and provide support for its price.

3️⃣ Launchpool Staking Activities Attract Long-term Holders Gate will hold the Launchpool event for XLAB from September 4 to 16, where users can stake BTC or XLAB to share a reward of 20 billion XLAB. This mechanism may encourage investors to hold XLAB for the long term, reducing market selling pressure, which is beneficial for price stability and potential rise.

The recent price rise of XLAB may be closely related to these incentive activities. High-yield financial products, trading rewards, and staking activities have collectively increased market attention and participation in XLAB. However, investors should remain vigilant, as they may face the risk of price correction after the activities conclude.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.