OHM Concept Gains Traction, NET Market Cap Reaches All-Time High, DTF Surpasses 6 Million

BlockBeats News, August 26th, according to GMGN market data, the market value of Robinhood's on-chain DeFi protocol NetNet Capital's token NET briefly exceeded $70 million, reaching a new all-time high. It is currently trading at $66.48 million, with a 24-hour price increase of 100.5%.

NET is a conceptual coin of OHM (OlympusDAO), whose protocol architecture is inspired by OlympusDAO v1, providing value support for NET through USDG held in the treasury. The smart contract stipulates that each NET is backed by at least $1 worth of Risk-Free Value (RFV) in USDG; if the minted amount exceeds the treasury's held RFV, the transaction will automatically roll back.

Furthermore, the OHM conceptual coin DTF (Down to Finance) currently has a market value of around $6 million, with a 24-hour price increase of 107%.