SLP Token Market Cap Surpasses $50 Million

For over a year now, the Simple Ledger Protocol (SLP) token universe has grown quite vast. There are now more than 6,000 SLP tokens in existence and a number of SLP tokens have seen price discovery. Moreover, tokens listed on our SLP market capitalization aggregator show in the last two months SLP valuations have doubled.

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Data Shows SLP Token Market Cap Doubled in Value

Since August 2018, the Simple Ledger Protocol (SLP) ecosystem has continued to grow relentlessly and there have been 6,196 tokens created since the protocol’s inception. The SLP system is appreciated by BCH proponents because it’s built on top of the Bitcoin Cash network, but SLP doesn’t interfere with the chain’s consensus rules. Essentially, the protocol uses metadata tethered to OP_Return transactions on issuance, and every time an SLP token is sent or received. Since launch, a handful of popular SLP tokens…