#One harmony coin price software#

He continues to be actively involved in the project and acts as Harmony’s CEO.Īnother co-founder, Rongjian Lan, is the project’s CTO, while Sahil Dewan is the COO. In the years after the acquisition, Tse launched more technology ventures, including the Harmony blockchain.

One of the earlier technology startups he had founded, the Spotsetter social search engine, was acquired by Apple in 2014.

#One harmony coin price software#

He then worked as a software engineer for Google and, later on, Apple. The project is most frequently associated with its lead co-founder, California-based software developer and entrepreneur Stephen Tse.Įarly in his career, Tse interned at Microsoft. The Harmony network was founded in 2018 by five technology entrepreneurs: Stephen Tse, Alok Kothari, Nick White, Sahil Dewan, and Rongjian Lan. By contributing ONE to liquidity pools on the DeFi protocols listed above, you can earn interest from your crypto investments.

ONE can also be used for yield farming with the platform’s many DeFi apps. The ONE coin is used on Harmony for staking, governance and payment of transaction fees. From April 23, 2022, to July 23, 2022, the correlation between ONE and BTC has been 0.94, a result indicating a very high degree of similarity in price movements between the coins. In general, ONE’s market performance since early 2021 has closely followed that of Bitcoin (BTC). The Harmony price now hovers at the $0.02 position, mirroring the overall crypto market’s performance. The coin has since declined from these heights significantly. Harmony (ONE) price reached its highest level ever at $0.36 with a market cap of $4.08 billion, in January 2022. The chain’s native token, ONE, has been on the market since mid-2019.

Among the popular DeFi protocols that have a presence on Harmony are SushiSwap (SUSHI), Curve (CRV) and Aave (AAVE). According to the project’s website, the total value locked (TVL) on the platform is nearly $1.1 billion. Its speed and low fees have attracted more than 100 DApps, with about half of these being decentralized finance (DeFi) protocols. Harmony aims to better facilitate the use of decentralized apps (DApps) with its improved scalability. Harmony boasts transaction confirmation times of around 2 seconds, one of the best results in the industry, and transaction fees that are 100 times lower than on Ethereum. Harmony is a blockchain network with a distinct sharded architecture that features great scalability and low transaction costs.