Wootrade Price

Wootrade (WOO) is a utility token that powers the WOOFi ecosystem, currently ranked #346 with a price of $0.06507. Launched in 2020, it operates primarily on Ethereum but supports multiple blockchains including Polygon, Avalanche, Arbitrum, Near, and BNB Chain. As a hyper-reflexive application token, Wootrade scales with crypto adoption and captures value across numerous blockchain networks. It has a current market cap of $124.23M with 1.9B WOO in circulation out of a total supply of 2.21B tokens. Wootrade serves as the backbone for both decentralized finance (DeFi) and centralized finance (CeFi) services within its ecosystem. The token enables various utilities including staking, yield farming, and governance functions. With a 24-hour trading volume of $289.34K and a price change of -6.16% in the last day, Wootrade continues to develop its position in the cryptocurrency market as an infrastructure-agnostic token designed to thrive regardless of which blockchain networks ultimately dominate.

Wootrade was created on October 30, 2020. It was initially launched as Wootrade by Jack Tan and Mark Pimentel, who are also co-founders of Kronos Research, a cryptocurrency quantitative trading firm. The project has since evolved into what is now known as the WOO Network, which operates on multiple blockchain platforms including Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, and Near Protocol. Wootrade serves as the utility token for the WOO ecosystem, supporting various functions across their trading platforms and DeFi services.

Wootrade was founded in 2019 by Mark Pimentel and Jack Tan. These two entrepreneurs established the cryptocurrency as part of their vision to create an innovative liquidity and trading platform in the crypto space. Since its launch in October 2020, Wootrade has grown to become an integral part of the WOO ecosystem, serving as the native utility token that powers various functions across their trading platforms and DeFi services.

Wootrade works as a utility token powering the WOO ecosystem, which combines centralized and decentralized trading platforms. The token functions through a dual-platform approach: 1. On the centralized side, WOO provides fee discounts and staking benefits on WOO X trading platform. 2. On the decentralized side, WOO supports WOOFi DEX by providing liquidity and enabling yield farming opportunities. The token utilizes cross-chain functionality, operating on multiple blockchains including Ethereum, BNB Chain, Polygon, Avalanche, and Arbitrum. This multi-chain approach allows for greater accessibility and reduced transaction costs. WOO employs a unique liquidity aggregation model that sources liquidity from various trading venues to enhance market efficiency. Token holders can stake their assets to earn rewards and participate in governance decisions affecting the ecosystem's development. With a circulating supply of 1.9B WOO and total supply of 2.21B WOO, WOO maintains a market cap of $124.23M, ranking #346 among cryptocurrencies as of 2025-07-04.

Wootrade operates on a multi-layered technical architecture centered around its Order Flow Aggregation Engine, which collects and processes trading data from various exchanges to optimize liquidity and pricing. The token is built primarily on Ethereum (ERC-20) but has been deployed across multiple blockchains including Polygon, Avalanche, Arbitrum, Near Protocol, and BNB Chain through cross-chain bridges. This multi-chain approach enhances accessibility and reduces transaction costs. The architecture incorporates advanced algorithmic trading strategies and deep liquidity pools to minimize slippage. Wootrade's technical foundation also supports staking mechanisms, yield farming opportunities, and integration with both centralized and decentralized trading platforms, making it versatile within the DeFi ecosystem while maintaining efficient transaction processing capabilities.

Wootrade has a promising roadmap focused on expanding its ecosystem and enhancing its technology. The team aims to improve liquidity aggregation, develop more cross-chain capabilities, and strengthen its position in both CeFi and DeFi spaces by 2026. Key future developments include: • Enhanced tokenomics with more utility for WOO token holders • Expansion of the WOO X trading platform with advanced features • Further integration with major blockchain ecosystems beyond the current seven networks • Development of institutional-grade liquidity solutions • Implementation of additional staking and yield opportunities By 2027, Wootrade plans to achieve greater market penetration and establish itself as a top liquidity provider in the crypto space. The long-term vision through 2030 includes becoming a comprehensive financial ecosystem bridging traditional and decentralized finance. With its current market cap of $124.23M and growing adoption, Wootrade shows potential for significant growth as it executes its ambitious roadmap.