Launched about 1.5 months ago, STEPN (GMT) is used as the native token of the exercise app STEPN and is in demand among investors due to its different use case. So much so that when we look at the transaction volumes of the last 24 hours, the GMT token stands out as the most active crypto asset after stable crypto assets, Bitcoin, Ethereum and Bitcoin Cash.
Coinbase Assets, the official Twitter account announcing the Coinbase listings, announced yesterday that GMT and GST tokens will be listed on Coinbase.
STEPN was developed by Chinese developers on the Binance and Solana network. With the move and win logic, people can earn GMT and GST tokens in their ecosystem thanks to the STEPN application as they exercise.
In the statement made by Coinbase, the last exchange to list GMT and GST tokens, it was announced that if the liquidity conditions are met, trading of crypto assets will start on Thursday with GST/USD, GMT, USD, GST/USDT and GMT/USDT pairs, both fiat and stable cryptocurrencies.
An important caveat about the listing was that STEPN cryptoassets on the Solana network are supported. It was emphasized that crypto assets sent to the Coinbase address should be sent over the Solana network. Coinbase listings would have caused serious increases in altcoins included on the platform in the past years.
Although STEPN (GMT) is on an upward trend, Coinbase listing seems to have increased the demand for the crypto asset. In addition, STEPN's other crypto asset and the 667th ranked Green Satoshi Token (GST) have gained 14 percent since yesterday. GST has increased by 41 percent on a weekly basis.
At the time of publication, STEPN (GMT) is priced at $3.81 according to CoinGecko, while GMTtoken's 24-hour trading volume was $2,972,566,736. The price of the GMT token has decreased by -1.8% in the last 24 hours. While there is a supply of 600 Million GMT coins in circulation, there is a total supply of 6 Billion STEPN (GMT).