The Resolv protocol has been pushed back against speculation of internal token sale, so that the 1.6 million resolv tokens has been bought back in the middle of increased market volatility.
In a statement of 27 June on X, Tim Shekikhachev, Customer Success Manager at Resolv (Resolv) said that the foundation of the protocol had not sold RESOLV during the recent decline. “In fact, at the current level, we are strong buyers,” he wrote, and confirmed a $ 240,000 return of around $ 0.15 per token for 24 hours.
Despite the short turbulence, Shekikhachev emphasized the long -term focus of the protocol on building value due to product expansion. Resolv acts at $ 0.1497 at the time of the press, a decrease of 11% in the past day and 23% in the past week. Market capitalization has fallen to $ 21.09 million, a decrease of 33% compared to its record high of $ 31.4 million reached on June 23.
Resolv, a decentralized Stablecoin exhibition system, supported by Ethereum (ETH) and Bitcoin (BTC), earlier this month launched his governance and reward stavements, with only about 17% of his total range of 1 billion currently in circulation.
During the launch, 2% of the circulating power supply was distributed among holders of Binance Coin (BNB) via an airdrop. The protocol has now locked more than $ 368 million in total value, according to Dune Analytics facts.
The protocol also manages USR, a Delta-Neutal, Dollar-Pegged Stablecoin and RLP, its insurance lives pool. Recent initiatives from Resolv include deeper integrations with partners such as Ether.fi and P2P Validator, as well as an ecosystem vault for USR. It is striking that Shekikhachev claims that setting up stimuli and repurchase costs could fully compensate for the expected annual inflation of $ 4 million in Resolv token emissions.
The protocol, which started development at the beginning of 2024, has since been expanded on Ethereum, Base, BNB chain and HyperevM. According to an update of 25 June, Resolv, USR and RLP are now interoperable about these chains via Layerzero (ZRO) and Stargate.
Supported by $ 10 million in seed financing under the leadership of Cyberfund and Maven 11, Resolv seems to bet large on the modular, multi-chain future of Defi, which puts the growth on infrastructure, no token speculation.
