The cost of the native blockchain coin Everscale (EVER) has increased by more than 27% in the past day. This is evidenced by data from CoinMarketCap.

As of 20:00 Moscow time, the price of the asset exceeded $0.31, rising from $0.24. EVER’s trading volume increased by more than 220% in the same period.

The likely reason was the activities of the project participants in the DeFi field and the transition to Everscale (formerly Free TON), a new ecosystem management model.

The volume of funds (TVL) locked on decentralized exchange FlatQube, the largest DeFi implementation on the Everscale blockchain, has tripled last month, from $31.7 million to $63.7 million, according to DeFi Llama.

Recently, FlatQube hosted the QUBE token sale, in which farming rewards began to pay out.

The developers have also launched Octus Bridge, a cross-chain bridge for transferring assets between Ethereum, BNB Chain, Polygon, Phantom and Everscale networks. Avalanche and Milkomeda are scheduled to be added to this list in the future.

Also, Everscale has launched a DAO for EVER holders. To participate in voting, you need to transfer local money to a “wrapped” analogue of WEVER and block it in a special smart contract. Those who vote are rewarded.

According to the Ever DAO website, the development of Everscale has already been given 9 votes and the total amount of WEVER locked in the DAO contract has exceeded 17.7 million coins.

Earlier, e-commerce website design platform Amaze announced a collaboration with key developer Everscale. The aim of the partnership is to introduce the ability to integrate NFT functionality into websites without having to write code.