QI (BENQI) rose 8.54% in 24 hours.

Gate News Bot news, on September 19, according to CoinMarketCap data, QI (BENQI) is currently reported at 0.01 USD, having risen 8.54% in the last 24 hours, with a high of 0.01 USD and a low of 0.01 USD. The current market capitalization is approximately 59.5 million USD, an increase of nearly 4.69 million USD compared to yesterday.

BENQI is a DeFi platform built on the Avalanche network, offering services such as lending, liquidity staking, and validator node guidance. Its main features include borrowing crypto assets to earn interest and rewards, staking AVAX to obtain sAVAX for use in DeFi protocols, and running Avalanche validator nodes at a lower cost through the Ignite feature. BENQI also collaborates with several security companies to ensure the safety of user assets.

QI recent important news:

1️⃣ BENQI platform functions continuously optimized The BENQI platform has recently made several optimizations in its core functionalities. The interest rate model for lending services has been adjusted to provide users with more competitive rates. At the same time, the liquidity staking feature has also been upgraded, enhancing the efficiency and yield of staking AVAX to earn sAVAX. These optimization measures are expected to attract more users to participate in the BENQI ecosystem.

2️⃣ Avalanche Network Activity Increase As an important DeFi project built on the Avalanche network, BENQI directly benefits from the overall development of the Avalanche ecosystem. Recently, the trading volume and user activity on the Avalanche network have shown a rise, which brings more potential users and higher protocol usage for BENQI.

3️⃣ The recovery of the DeFi market drives demand for QI As the overall sentiment in the cryptocurrency market improves, the DeFi sector is also showing signs of recovery. As a leading DeFi protocol in the Avalanche ecosystem, BENQI's native token QI has received renewed attention from investors. The increase in lending and staking demand on the platform has directly driven the usage and value rise of the QI token.

From a technical perspective, QI has broken through the recent consolidation range, showing strong upward momentum. However, considering the overall market still has uncertainties, investors need to remain vigilant about potential correction risks.

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