Parex Ecosystem Price

Parex Ecosystem is a Layer 1 blockchain network designed to provide user-friendly decentralized finance (DeFi) solutions. As an Ethereum Virtual Machine (EVM) compatible platform, Parex Ecosystem offers developers a familiar environment to build Web3 applications. The network is powered by its native token PRX, which is used for transactions, governance, and other key functionalities. Key features of PRX: - Current price: $0.0231 - 24h trading volume: $99.04K - Market cap: $317.13K - Circulating supply: 13.72M PRX - Total supply: 41.51M PRX - Max supply: 77M PRX PRX was launched in July 2021 and aims to create a robust foundation for DeFi and Web3 applications. The token has seen significant price movements, with an all-time high of $1.98 on April 11, 2023, and an all-time low of $0.01834 on 2025-06-24. As of 2025-06-24, PRX ranks 3933 among all cryptocurrencies by market capitalization. The token's price has changed +7.79% in the last 24 hours, with a high of $0.02343 and a low of $0.0202. Parex Ecosystem continues to develop its ecosystem, focusing on providing innovative DeFi solutions and attracting developers to build on its platform.

Parex Ecosystem was created on July 29, 2021. The project launched its native token PRX on this date, marking the beginning of the Parex Network ecosystem. Since its inception, Parex Ecosystem has aimed to provide user-friendly decentralized finance (DeFi) solutions on its Layer 1 blockchain, which is compatible with the Ethereum Virtual Machine (EVM). This launch date set the foundation for Parex Ecosystem's development and growth in the Web3 space.

The founders of Parex Ecosystem are not publicly disclosed. Parex Ecosystem was launched in 2021 as a decentralized Layer 1 blockchain network focused on providing user-friendly DeFi solutions. While the specific individuals behind the project remain anonymous, the Parex Ecosystem team has developed the network to be EVM-compatible, allowing developers to easily build Web3 applications on the platform. The native token PRX powers key functionalities like transactions and governance within the Parex Ecosystem ecosystem.

Parex Ecosystem operates as a Layer 1 blockchain network designed to provide user-friendly decentralized finance (DeFi) solutions. Here's how it works: 1. Ethereum Virtual Machine (EVM) compatibility: Parex Ecosystem offers a familiar environment for developers to build Web3 applications. 2. Native token: PRX powers critical network functions, including transactions and governance. 3. Scalability: The network aims to offer fast and low-cost transactions to support various DeFi applications. 4. Decentralized governance: PRX token holders can participate in decision-making processes for the network's future development. 5. Interoperability: Parex Ecosystem focuses on creating bridges with other blockchain networks to enhance cross-chain functionality. 6. DeFi ecosystem: The platform supports various DeFi protocols, including decentralized exchanges, lending platforms, and yield farming opportunities. 7. Security: Parex Ecosystem implements robust security measures to protect user assets and ensure network stability. With a current price of $0.0231 and a market cap of $317.13K, Parex Ecosystem is positioned as an emerging player in the blockchain space, aiming to provide a comprehensive solution for DeFi users and developers alike.

Parex Ecosystem utilizes a Layer 1 blockchain architecture with Ethereum Virtual Machine (EVM) compatibility. Key technical features include: 1. Proof-of-Stake (PoS) consensus mechanism for energy efficiency and scalability 2. EVM compatibility allowing easy deployment of Ethereum-based smart contracts and dApps 3. Native PRX token powering network transactions and governance 4. Cross-chain interoperability through bridges to other major blockchains 5. Sharding technology to improve throughput and reduce latency 6. WebAssembly (WASM) support for multiple programming languages 7. Built-in decentralized exchange (DEX) for seamless token swaps 8. Governance framework enabling community-driven protocol upgrades This architecture aims to provide a scalable, developer-friendly platform for DeFi and Web3 applications while maintaining decentralization and security. The PRX token plays a crucial role in securing the network through staking and facilitating on-chain governance.

The future and roadmap of Parex Ecosystem (PRX) looks promising. The project aims to enhance its Layer 1 blockchain network and expand its decentralized finance (DeFi) ecosystem. Key milestones include: 2025: Improving scalability and transaction speeds 2026: Launching new DeFi protocols and expanding partnerships 2027: Implementing advanced governance features and cross-chain interoperability 2030: Achieving widespread adoption in the Web3 space The PRX token is expected to play a crucial role in the network's growth, powering transactions, governance, and ecosystem development. Price predictions suggest potential increases: 2026: $0.02748 2025 + 3: $0.03117 2030: $0.03575 2035: $0.0742 With its focus on user-friendly DeFi solutions and EVM compatibility, Parex Ecosystem is positioning itself as a key player in the evolving blockchain landscape. The team's commitment to continuous improvement and innovation bodes well for the project's long-term success and adoption.