Gearbox Protocol is a composable leveraged lending protocol designed to enhance capital efficiency within DeFi. Learn how Gearbox Protocol works.

 (DeFi) with its composable leverage system. It enables investors to use 

 on assets across multiple protocols, transforming how DeFi participants can trade with margin, 

 and execute complex strategies — all without leaving their ecosystem.

 is making leverage accessible and secure. Whether you’re a lender seeking passive yield or a leverage user exploring advanced strategies, Gearbox’s unique architecture opens up new possibilities. Let’s explore how this on-chain credit layer is improving DeFi.

Since the emergence of DeFi in 2020, it hasstrived to reimagine financial services by removing intermediaries, such as banks and brokers. Through

 systems, DeFi offers transparent and direct access to lending, trading and investments. Despite market fluctuations, the DeFi sector remains resilient, with a current 

 (TVL) of $123 billion — a 128% increase since the start of 2024.

The DeFi sector is poised for resurgence as secure and scalable innovations fuel its growth. With proven use cases and real-world adoption, DeFi continues to solidify its role as one of crypto’s most valuable use cases.

 (WLFI), backed by the Trump family, underscores a shifting acceptance of DeFi in the United States. The project’s multisig wallet has publicly 

 various DeFi tokens, such as AAVE, LINK, ENA and more. WLFI aims to make DeFi accessible to everyday users, but it remains to be seen if the project will achieve its goals.

Gearbox Protocol is a composable leveraged lending protocol designed to enhance capital efficiency within DeFi. By offering a flexible credit layer, Gearbox empowers users to leverage their positions across multiple DeFi platforms, seamlessly integrating with protocols they already trust.

Gearbox’s fundamental design minimizes costs while maintaining flexibility. Its modular architecture reduces gas costs and improves scalability..

Unlike traditional leveraged lending protocols that silo funds within their ecosystems, Gearbox allows users to execute trades and strategies across integrated platforms, such as 

 correlated assets, Gearbox offers a new way to utilize leverage without restrictions.

With Gearbox Protocol, leverage becomes a DeFi primitive — an infrastructure layer that lets users go beyond basic 

 containing both user funds and borrowed margin funds. They serve as automated leveraged DeFi wallets, allowing users to manage positions and execute strategies independently.

: Gearbox enables users to integrate leverage with DeFi protocols like Uniswap for margin trading, Curve for leverage farming, and more. This flexibility empowers diverse strategies across different platforms.

: Gearbox combines lending and prime brokerage functionalities within the same protocol, simplifying the user experience and expanding possibilities for leveraged trading and farming.

, Gearbox maximizes capital efficiency. It minimizes gas costs and ensures that funds remain noncustodial, unlocking the full potential of leverage without compromising user security.

, ensuring that all integrations, policies and upgrades are managed transparently and collectively by the community and stakeholders.

Gearbox Protocol operates through two main user types:

The Credit Accounts enable operations while maintaining safety through 

Gearbox’s modular architecture supports seamless integrations with third-party protocols, ensuring assets remain decentralized and noncustodial. Liquidations are determined by 

 (based on calculated risks), and protect lenders while offering dynamic leverage possibilities.

 utility token with a capped supply of 10 billion, is the governance token of Gearbox Protocol. It empowers DAO governance and supports initiatives, such as liquidity mining and staking rewards, with an annual emission of just 3% from the DAO's holdings. 

Token distribution percentages are as follows:

Nearly full circulation has been achieved, minimizing supply overhang as a majority of token 

 concluded in 2023. The DAO treasury retains around 40% of the supply, ensuring the community’s strong influence on protocol development.

Marketwise, GEAR has recently experienced notable price movements. Over the past seven days, the token has surged by 11.9%, and its 30-day performance skyrocketed by 166.3%. Year-to-date, GEAR's price has risen approximately 57.7%, reflecting increased investor confidence. Daily trading volume hit $11.8 million over the past 24 hours, marking a 600.3% spike that indicates growing market interest. 

Gearbox Protocol's innovative approach to DeFi simplifies user experience through its wallet-centric design and the integration of the 

. With a capped supply of 10 billion GEAR tokens, robust DAO governance and nearly full circulation, Gearbox prioritizes community-driven growth. 

Recent market performance reflects growing investor confidence, with significant price increases and a surge in trading activity.

Looking ahead, Gearbox Protocol’s road map focuses on enhancing usability and interoperability within the Ethereum ecosystem. The integration of Credit Accounts into account abstraction (AA) wallets such as EIP-4337 revolutionizes the way users can access and manage funds, eliminating the need for complex lending interfaces.

Future developments may include pool-based models and optimizers to tackle liquidity fragmentation, further strengthening 

 Ethereum solutions. As Gearbox Protocol evolves, its focus remains on delivering efficient, user-friendly financial tools that empower users and redefine DeFi as we know it.

Intermediate

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Gearbox: Powering On-Chain Credit for DeFi

Dec 23, 2024: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly Highlight — Market Expects New Record for U.S. Equities in 2025; Will Crypto Follow?

Wall Street’s leading firms have recently shared their forecasts for the S&P 500 in 2025, and the predictions sound strikingly similar to those made in prior years. The average forecast anticipates a 9.1% gain, evoking a sense of déjà vu among investors. A review of 376 firm forecasts over the past 25 years reveals that 53% fell within the modest range of 0% to 10%.

This clustering of forecasts is particularly perplexing when we contrast it with the actual volatility of the market. Over the past eight years, the S&P 500's returns have often exceeded these predictions, suggesting that strategists frequently underestimate the index’s potential for growth. Historical data indicates that significant gains and losses have been more prevalent than single-digit increases, which occurred only 14 times in 97 years.

Moreover, strategists' forecasts have shown a consistent tendency to miss the mark — on average, off by more than 15 percentage points — with the most accurate firms still missing by around 10 points. This discrepancy underscores the challenges in market forecasting, as 57% of the analyzed forecasts were below the actual market returns, indicating a widespread inclination toward pessimism.

Given this history, financial planner Elliott Appel advises investors to approach these forecasts with skepticism. He suggests treating them as entertainment, rather than actionable advice. The disparity between forecasted and actual returns highlights the inherent uncertainties in predicting market behavior. Therefore, investors should remain cautious and consider broader market trends and data, rather than relying solely on these forecasts for making investment decisions. In a landscape characterized by volatility, understanding the limitations of these predictions is crucial for informed investing.

Weekly Crypto Highlight — Bitcoin’s Price Whipsawed Following Hawkish Fed Remarks

Bitcoin is on track for its first seven-day decline in eight weeks, driven by hawkish signals from the Federal Reserve that prompted traders to sell, despite the cryptocurrency more than doubling in value this year.

On Friday, Bitcoin fell as much as 5.3% to $92,149, having reached an all-time high just above $108,000 earlier in the week. Its price has dropped around 5% since Sunday (December 22) and was trading at approximately $97,400 in New York. This downturn has had an impact particularly on smaller cryptocurrencies like Ether and Dogecoin, even as U.S. equities have moved higher.

A group of U.S. ETFs directly investing in Bitcoin reported a record outflow of $680 million on Thursday (December 19), breaking a 15-day streak of inflows. This shift in sentiment highlights the growing uncertainty in the market.

The market volatility follows a rally that occurred after Donald Trump’s victory in the U.S. presidential election on Nov 5, 2024. In our view, positioning has become "overly bullish," making digital assets susceptible to shifts in the Fed's tone as it focuses on controlling inflation.

As the holidays approach, uncertainty in the crypto markets is likely to persist, especially with Trump threatening tariffs against both allies and adversaries. With the Fed expected to slow its easing measures, attention is shifting to the speed of institutional adoption of cryptocurrencies.

The interplay of monetary policy, institutional adoption and political developments will keep Bitcoin sensitive to both macroeconomic and crypto-specific factors through 2025.

Open interest for Bitcoin futures at CME Group reached near-record highs on Tuesday, but has since declined. It’s advisable to take caution in the short term, noting that while a price collapse isn't imminent, the momentum has waned, with buyers losing control.

, as we delve into recent movements of Bitcoin and the S&P’s forecast for FY2025. 

Advanced

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Weekly Institutional Insights: Bitcoin Retreats Following Equity Sell-Off; Market Expects New ATH for U.S. Equities in 2025

Monad is a next-generation Layer 1 blockchain that achieves 10,000 transactions per second through parallel execution. Learn more about how it works here.

Scalability remains a critical bottleneck for blockchain adoption, with current solutions forcing difficult trade-offs between performance and compatibility. As existing platforms struggle with these limitations, Monad emerges as the “most performant 

 and backed by $225 million in funding, Monad aims to solve blockchain's scalability challenge through innovative architecture. This article looks at its technical components, examines potential use cases, analyzes key challenges and explores its road map toward mainnet launch.

 is a next-generation Layer 1 blockchain that achieves 10,000 

 (TPS) through parallel execution. With full EVM compatibility at its core, Monad enables seamless deployment of high-performance blockchain applications.

Monad Labs emerged in 2022 from a team with extensive experience in high-frequency trading systems at Jump Trading. The project was founded by three technical pioneers: Keone Hon (CEO), James Hunsaker (CTO) and Eunice Giarta (COO).

The inspiration behind Monad came from the team's direct experience with blockchain infrastructure limitations. Having worked on low-latency trading systems, they recognized that sequential processing in EVM-compatible chains created unnecessary bottlenecks.

 platform, its technical constraints have held the entire industry back. Monad’s founders believed their background in distributed systems and high-performance computing could help solve these challenges.

Their vision gained significant validation in early 2024 when the project secured $225 million in funding through a round led by Paradigm. Notable investors included Electric Capital, Coinbase Ventures and GSR Ventures, providing the resources needed for their planned Q1 2025 mainnet launch.

Monad aims to solve the fundamental scalability challenges that have plagued EVM-compatible blockchains. Traditional chains like Ethereum can only process 15–30 TPS, creating bottlenecks during high-demand periods.

Monad addresses the growing frustration with high gas fees and slow transaction times that have limited blockchain adoption. By implementing parallel execution, Monad targets a throughput of 10,000 TPS, with 1-second block times and single-slot finality.

Most existing scaling solutions require developers to learn new programming languages or adapt to unfamiliar environments. Monad takes a different approach, maintaining full EVM compatibility so developers can port their Ethereum applications without code modifications.

Monad's architecture introduces four key technological components that work together to achieve its performance goals.

 is a custom consensus mechanism derived from the HotStuff algorithm. Optimizing the traditional three-phase process into two phases enables faster block finalization, while maintaining 

Monad's parallel execution enables simultaneous processing of multiple transactions. Rather than checking for dependencies up front, the system optimistically executes transactions in parallel and efficiently resolves any conflicts that arise.

Monad implements deferred execution by separating 

 from transaction processing. This approach lets nodes agree on transaction orders first, creating a more efficient pipeline that enhances overall throughput.

 provides a custom-designed database optimized for parallel processing. It focuses on maintaining current state data rather than complete history, enabling faster reads and writes during transaction execution.

Monad introduces several key benefits that address critical challenges in the blockchain space.

Monad's innovative architecture represents a breakthrough in blockchain scalability. Through parallel execution, MonadBFT's optimized consensus and efficient state management, the platform achieves 10,000 TPS while maintaining decentralized security.

The synergy between these components enables one-second block times and near-instant transaction finality. This performance unlocks new possibilities for blockchain applications that require exceptional throughput and rapid processing, from 

As an EVM-compatible blockchain, Monad solves developer accessibility at the bytecode level. This allows teams to deploy existing applications directly to Monad, eliminating the need for code rewrites or the adoption of new tooling.

Developers can continue to use familiar frameworks, wallets and analytics tools while gaining access to Monad's superior performance. This compatibility-first approach removes traditional barriers to adopting new Layer 1 platforms.

As the Monad network prepares for its mainnet launch, the platform faces challenges in converting its technical advantages into widespread adoption.

While Monad's technical architecture is impressive, success in the blockchain space requires more than just advanced technology. Building a thriving Monad ecosystem depends upon attracting developers, projects and users to the platform.

Despite full EVM compatibility that makes it easier for Ethereum developers to port their applications, convincing teams to migrate to a new Layer 1 requires significant community building, ecosystem support and grants for new teams.

Significant venture capital involvement in Monad, while providing substantial resources for development, raises questions about potential centralization. With over $225 million in funding from major investors, there are concerns about token distribution and governance control.

The custom nature of components like MonadDb and the modified EVM implementation also introduces questions about the level of decentralization in the platform's architecture. These proprietary elements require careful consideration regarding their impact on network autonomy.

Monad's combination of high throughput, low fees and EVM compatibility creates possibilities for various blockchain applications previously constrained by technical limitations.

Monad's architecture fundamentally transforms what's possible in 

Monad's architecture creates new possibilities for 

 and digital asset markets that require high-performance transaction processing:

Monad's unique architecture opens up new possibilities for businesses handling real-world data streams and operations at scale:

These use cases leverage Monad's ability to handle multiple concurrent state changes while maintaining data consistency, enabling enterprise-grade applications that were previously impractical on 

Understanding how Monad compares to existing Layer 1 solutions helps contextualize its position in the blockchain ecosystem. Let's examine the key differences between Monad and other major platforms.

Ethereum's Layer 1 mainnet processes 15–30 TPS with high gas fees. While Layer 2 solutions exist for scaling, Monad aims to achieve 10,000 TPS at the base layer while maintaining full EVM compatibility. However, Ethereum's battle-tested security and decentralization are viewed as unmatched in the industry.

Solana achieves high performance through its parallel processing architecture, and has built a thriving ecosystem. The key distinction with Monad lies in its development approach: Solana utilizes a custom Rust-based environment focused on maximum performance, while Monad aims to bring similar scalability benefits to the EVM ecosystem.

 features a theoretical maximum of 2,222 TPS through a network of 29 active validators. While this provides reliability and EVM compatibility, it trades some decentralization for performance. Monad aims to achieve much higher throughput without the same centralization trade-offs, though this remains to be proven in production.

Each of the above platforms has made distinct architectural choices in addressing the 

 of scalability, security and decentralization. Monad's effectiveness in balancing these factors will become clearer once its mainnet launches.

Since its founding in 2022, Monad has achieved several significant milestones in its development journey, including securing $225 million in funding led by Paradigm in early 2024. Its team has successfully built and demonstrated the platform's core technologies, particularly its parallel execution architecture and MonadBFT consensus mechanism.

The primary focus for Q4 2024 is the launch of Monad's public testnet. This will be the first opportunity for developers and users to interact with the platform's infrastructure and publicly validate its performance claims.

The Monad network mainnet launch is scheduled for Q1 2025, marking the official debut of its high-performance blockchain infrastructure. Following mainnet, the team plans to:

The road ahead focuses on careful testing and refinement to ensure a stable and secure mainnet launch while building a sustainable ecosystem.

Monad represents a significant advancement in blockchain technology, offering a solution that combines the best of both worlds: Ethereum's thriving developer ecosystem, and high-performance scalability through parallel transaction execution.

As the project progresses toward its mainnet launch in 2025, its success will depend upon its ability to foster a thriving ecosystem. While challenges lie ahead, Monad's architectural innovations could be on track to shape the future of high-performance, developer-friendly blockchain infrastructure.

monad.png

Monad: A High-Performing, EVM-Compatible Layer 1 Blockchain

Story has introduced the Agent Transaction Control Protocol (Agent TCP/IP), a new standard for agent-to-agent transactions in the AI ecosystem. 

The S&P 500 fell 0.09% and is set for weekly losses amid Fed hawkishness and inflation concerns. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 3.37%, with Bitcoin and Ether dropping by 4.33% and 7.65%, respectively in the past 24 hours.

Today's top performer is MOCA, which surged 38.6% following the launch of Mocaverse 3.0, a chain-agnostic digital identity system that empowers users and connects ecosystems.

Mocaverse (MOCA), founded in 2017, is an NFT collection and community platform by Animoca Brands, providing access to an exclusive web3 ecosystem through unique digital characters and experiences. 

 introduces a chain-agnostic digital identity system that unifies user data and enables interoperable ecosystems. Through its AIR Kit, users gain control over their identity and rewards, while businesses can verify credentials and connect ecosystems. Backed by Animoca's network, it addresses digital fragmentation across sectors like DeFi, healthcare, and gaming.

Check Out the Latest Prices, Charts, and Data of 

, a new standard for agent-to-agent transactions in the AI ecosystem. Developed in collaboration with leading AI agent frameworks, this protocol enables AI agents to autonomously exchange and monetize intellectual property (IP) without human intervention. Agent TCP/IP allows AI agents to execute legally binding contracts, create a decentralized IP marketplace, and share revenue. The protocol aims to unlock the full potential of AI agents by enabling secure, transparent, and frictionless IP exchanges. A demo showcases how agents can license their IP in a decentralized marketplace.

Yesterday, BTC Spot ETF data showed a total outflow of $673.9 million, including $87.9 million from GBTC and $586.0 million from non-GBTC sources.

WorldShards, a Sandbox MMORPG on the Open Loot platform, is 

 a complete in-game economy in December 2024, ahead of its Token Generation Event (TGE) in early 2025. Key updates include Proxy Tokens for NFT crafting, 30-day free trial access, and airdrops for all active players based on activity. The game has attracted 300,000 community members and achieved $4M in sales since early access in February 2024.

Beginner

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Story Unveils Agent TCP/IP as a Breakthrough Protocol for Autonomous AI Agent IP Transactions

Memes

Explainers

Altcoins

ConstitutionDAO was a crowdfunding DAO with the goal of purchasing a rare copy of the 1787 version of the U.S. Constitution.

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In the cryptocurrency space, a decentralized autonomous organization (

) is a governing entity within a crypto project that distributes authority among members who hold 

. Operating on a community-driven model, a DAO adopts a bottom-up structure. The members of the DAO hold governance tokens that grant 

 voting rights on various matters related to the entity. The DAO’s governing activities and votes are recorded via smart contracts to preserve integrity and transparency.

ConstitutionDAO was a decentralized autonomous organization whose specific one-time purpose was to purchase an official document for preservation. It played a pivotal role in influencing future projects that utilize DAOs for crowdfunding, despite ultimately falling short of its intended goal.

 was a decentralized autonomous organization that was launched in November 2021 through a crowdfunding initiative by Graham Novak and Austin Cain. This new project was formed for the exclusive purpose of obtaining the 1787 limited edition copy of the Constitution of the United States, of which only 13 copies exist.

ConstitutionDAO made history as the first DAO project to raise funds for the preservation of a founding document in the physical world. While it successfully raised capital from over 17,000 contributors, with a fund totaling more than $42 million, ConstitutionDAO still failed in its intention to purchase the rare copy of the U.S. Constitution from 1787. Nevertheless, it has served as an inspiration for future projects that will benefit the real world. As a failed DAO project, however, it also created financial loss for its investors.

ConstitutionDAO was founded by Graham Novak and Austin Cain, two residents from Atlanta, Georgia in the field of finance. On a Discord platform, they proposed buying a copy of the remaining 13 official copies of the U.S. Constitution from 1787 and began fundraising on Juicebox, the 

ConstitutionDAO exceeded its initial crowdfunding target of $20 million in just five days, and within a week over 17,000 contributors had helped pool $42 million in Ether (ETH). Of these 17,000 donors, 2,300 were reportedly first-time ETH users. Contributors were rewarded with PEOPLE tokens, granting them membership status within the DAO. If ConstitutionDAO won the bid, its members would be able to vote on where and how to display the treasured document.

ConstitutionDAO's popularity was partially attributed to the astute use of memes that caused it to go viral. Memes related to the 2004 film "National Treasure," in which Nicolas Cage starred in the lead role, popped up on Twitter, further aiding its breakneck pooling of funds. Its slogan, #WAGBTC (“We Are Going to Buy the Constitution") further stirred public interest as it trended.

Despite its tremendous fundraising, ConstitutionDAO’s $42 million bid ultimately lost to billionaire hedge fund CEO Kenneth Griffin, who bid for $43.2 million at the Sotheby's auction in November 2021. Afterward, ConstitutionDAO was criticized for publicly announcing its maximum bid, and just a week after it had launched, it dispersed. All of its members were given the option of a refund by exchanging PEOPLE for ETH. Given the exorbitant price of 

, however, this would pose a financial loss for PEOPLE holders, should they choose to redeem their PEOPLE tokens for ETH.

Although its bid fell short, ConstitutionDAO became a part of cryptocurrency history as the first DAO project to raise funds in an attempt to purchase a historic document. This marked a revolutionary moment in the crypto sphere, encouraging projects to pool the collective resources of members and use the tool of partial ownership interests for the acquisition and management of rare items in the physical world. However, it also underscored the need for substantial improvements in utilizing DAOs for crowdfunding and acquiring rare assets in the future.

Those who invested in ConstitutionDAO received a million PEOPLE tokens for every ETH they contributed. In addition to enabling participation in the pooled purchase of a copy of the Constitution of the United States, PEOPLE tokens were supposed to give members smart contract voting rights to steer the project’s future plans. For example, if the DAO had won the bid at the Sotheby’s auction, its next votes would have been in regard to the exhibit location for the document and how long it would remain on exhibition, as well as next steps for the community of those holding PEOPLE tokens.

In reality, the ability to vote on future plans never materialized. While the community was said to be a DAO, its core members were the “shadow rulers” who made independent decisions without any discussions among the community. For instance, the project disbanded without a community vote. Members had the choice to receive refunds, but the high cost of ETH gas fees prevented many PEOPLE token holders from redeeming their PEOPLE for ETH.

A DAO’s most fundamental principle is that every member possesses voting power. The numerous holders of ConstitutionDAO’s PEOPLE tokens didn’t have voting power at the organization’s most critical decision-making junctures. Because of this, many people thus assert that ConstitutionDAO isn’t a truly decentralized autonomous organization.

PEOPLE is the governance token of ConstitutionDAO, though its lack of actual utility makes it more of a 

. Notably, the project has stated that it didn’t offer partial ownership of the copy of the U.S. Constitution to those who held PEOPLE tokens. Instead, the project provided voting members with the ability to decide where the rare document would be displayed, in addition to other related administrative matters. In addition, ConstitutionDAO has said that its token holders shouldn’t have considered their purchase of PEOPLE tokens as an investment.

Instead, according to ConstitutionDAO, token holders were donating toward the organization's goal and receiving governance rights, rather than a fractional ownership of the document itself. 

However, the meme publicized by the founding members had said, "Buy the Constitution." This directly opposes what the DAO’s founding members have subsequently said, and has led some people to believe they would have had fractional ownership in the copy of the U.S. Constitution. Still others had simply invested with the hopeful assumption that the PEOPLE token's value would skyrocket.

In spite of ConstitutionDAO’s announcement that voting power would be granted to those who held PEOPLE tokens, the specific details of governance were never published. Following its failure to win the Sotheby’s bid, ConstitutionDAO made a series of decisions without any votes from PEOPLE token holders.

The ConstitutionDAO core team announced that those who had purchased PEOPLE tokens in November 2021 were given the chance for a refund, minus Ethereum gas fees. Members could claim their refund at any time, potentially enabling them to use their tokens to profit from price volatility. In reality, substantial gas fees have led to financial losses for investors seeking a swift refund. The resulting confusion and financial setbacks for many individuals sparked a sense of chaos and anger following the unsuccessful auction purchase.

While some investors did in fact immediately flip their tokens, the remaining token holders were shocked to learn that the PEOPLE token would be replaced with the WTP (“We the People”) token. The core members maintained that since the founding purpose of ConstitutionDAO was no longer viable, they were making the move to the WTP token. However, only a day later, the core members made a reversal: WTP tokens were off the table, and PEOPLE crypto tokens would continue to be used for future projects. And later, the project announced that there were no future plans for ConstitutionDAO because its founding purpose to buy a copy of the Constitution had failed at auction.

In just one week, the ConstitutionDAO project had launched, taken on tens of thousands of investors and raised millions of dollars. Also within that period, ConstitutionDAO had failed at its founding mission and lost the faith of its investors, with no future plans for the project available. Many of its investors lost significant amounts of money. The project’s core members had stated that the PEOPLE token was defunct, announced a new token and then made a complete 180. The series of significant events occurring over approximately a week left numerous investors in this project feeling confused and frustrated.

ConstitutionDAO (PEOPLE) Price Prediction

Since ConstitutionDAO launched in November 2021, its price has been volatile. As of Jan 26, 2024, PEOPLE’s price is $0.0269, or 85.5% lower than its all-time high price of $0.185 on Dec 23, 2021 and over 2,800% higher than its all-time low of $0.0009 on Nov 21, 2021. The current market cap for PEOPLE is $137,167,595, and its 24-hour trading volume is $30,556,018. PEOPLE’s circulating and max supplies are just over 5 billion.

Based on solid analysis, several top industry sources have made PEOPLE price predictions. CoinCodex 

 in 2025, rising to $0.094 in 2027 and $0.26 in 2030. Meanwhile, DigitalCoinPrice 

 by 2025, cross above the $0.10 mark in 2027 to a max of $0.12 and potentially reach $0.20 in 2030.

Both sources predict that PEOPLE’s price will surpass its current all-time high by 2030. While this may paint PEOPLE as a promising token to hold for investment, it’s crucial to 

 are prone to volatility — particularly of note when a token has already been sunsetted and has zero utility.

While ConstitutionDAO isn’t an actual DAO, and no longer has a viable purpose, it still offers potential financial benefits to traders, due to the possibility of profiting from both short-term and long-term holds.

There are two ways to buy PEOPLE tokens on Bybit. You can purchase them as a Spot trade pair (

Before buying PEOPLE on Bybit, however, you do need an active Bybit account. If you don’t already have one, you can open your account with a few fast and easy steps. To begin the process, click the 

 link at the top of the home page. You can then 

 to complete the process and link your crypto wallet.

While some people may view ConstitutionDAO as a failed project, it did make great strides in advancing the purpose and functionality of future DAO projects. Its crowdfunding efforts raised a considerable amount of money to achieve a specific real-world goal. In doing so, it moved the dial for mainstream cryptocurrency adoption. However, because the project ultimately failed to achieve its goal, it’s clear going forward that there’s still ample room for improvement in regard to future DAO projects focused on crowdfunding.

ConstitutionDAO (PEOPLE): A Reflection on Crowdfunding in Web3

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