HEGIC (Hegic) has pumped 28.11% in the last 24 hours.

Gate News Bot news, August 19th, according to CoinMarketCap data, as of the time of writing, HEGIC is currently priced at 0.07 USD, having risen 28.11% in the last 24 hours, with a high of 0.07 USD and a low of 0.04 USD. The current market capitalization is approximately 46.7 million USD, an increase of 1.03 million USD compared to yesterday.

Hegic is a peer-to-pool options trading protocol running on Arbitrum, focused on simplifying complex financial instruments to help ordinary people achieve greater returns and pay less in fees. Since February 2020, the protocol has served options traders for over 3.5 years, with a cumulative options trading volume exceeding $1.5 billion and over 20,000 options contracts traded on Hegic. Hegic offers various options products such as call and put options, supporting one-click options trading without additional transaction fees, only requiring the payment of the option premium.

Important news about HEGIC recently:

1️⃣ Gradually introduce a long-term user governance mechanism Hegic protocol announces the gradual rollout of a governance mechanism for long-term users. This initiative aims to enhance community engagement and may attract more users to hold HEGIC tokens for the long term, thereby having a positive impact on recent prices.

2️⃣ New Insider Trading Risks Raise Concerns Hegic's DeFi betting model may attract the attention of regulators. Experts point out that this new form of "insider trading" may face scrutiny from the SEC. While it increases regulatory uncertainty, it also reflects Hegic's leading position in DeFi innovation.

3️⃣ Launch options trading with zero transaction fees and zero gas fees Hegic has released version V8888, offering zero transaction fees and zero gas fees for options trading. This significant upgrade greatly lowers the participation threshold for users, expected to attract more traders and enhance platform liquidity and activity.

From a technical perspective, the HEGIC price has broken through the previous resistance level, but we still need to pay attention to whether it can hold above the $0.07 mark. On the fundamental side, Hegic continues to focus on product innovation and optimizing user experience, laying a foundation for long-term development.

This message does not constitute investment advice, and investors should be aware of market volatility risks.