Introduction: As the popularity of Pandora, a project utilizing the ERC-404 standard, continues to rise, other projects have emerged to compete in the market. One such project is DeFrogs, which has gained significant attention. Let’s explore the key features and recent developments of DeFrogs.
DeFrogs and ERC-404 Standard: DeFrogs is a project that consists of 10,000 frog PFPs (Profile Picture Assets) built using the ERC-404 standard [1]. This standard allows users to mint an NFT (Non-Fungible Token) whenever they purchase the DeFrogs token. By utilizing the ERC-404 standard, DeFrogs aims to provide consistent liquidity for investors, ensuring easy entry and exit from positions [1].
Recent Performance: Riding on the wave of Pandora’s success, DeFrogs has experienced remarkable growth in a short period. In just three days, the project has surged over 2,000% [1]. As of the time of writing, the DeFrogs token is trading at $2,800 per token, with a market capitalization of $27.6 million
English
Leave a Reply