A Layer 1 blockchain network, Klaytn (KLAY) has experienced a significant surge of 35.7% in response to a merger proposal with Finschia, supported by Kakao and LINE.
The price has risen from $0.1893 to $0.2569 and is currently trading at $0.2199, with a market capitalization up by 17.22%, totaling $773,023,704. The trading volume in the last 24 hours has witnessed a remarkable uptick, soaring by 1064.64% and reaching an impressive $159,510,862.
The collaborative effort aims to create Asia’s largest web3 ecosystem, introducing a new blockchain supporting both EVM and CosmWasm frameworks.
The Klaytn Foundation and Finschia Foundation expressed their excitement, stating, “We are excited to be taking the first step toward unlocking the enormous synergy of merging the public blockchains started by Kakao and LINE, which are both leading IT companies in Asia.”
This proposal has garnered widespread attention, sparking heightened investor interest and subsequently boosting the value of KLAY.
Investors are eagerly anticipating the Jan. 26 to Feb. 2 voting period for the potential Klaytn-Finschia merger, with the positive market response highlighting enthusiasm for the collaboration’s potential to shape and enhance Asia’s blockchain landscape.
Also Read: Klaytn Introduces Gold RWA DeFi Platform in South Korea
