How Did Tellor (TRB) Explode 1000% and Continue to be a ‘Force’ in Crypto

November 8, 2023

Market intelligence firm Santiment recently highlighted the meteoric rise of Tellor (TRB), which has surged over 1025% in the last three months.

Source: Santiment – Start using it today

Tellor operates an oracle network that supplies real-world data like prices, volumes, and more to DeFi protocols. Its native token, TRB, powers the network.

After trading sideways for most of 2022, TRB erupted higher in late October. It rose to almost May 2021,touching a high of $131 today—a gain of over 1025% within just three months.

TRB now ranks 112th in market cap, and key 1K–100K TRB wallets have accumulated 15% of the supply in 7 weeks. With strong technicals and fundamentals, TRB appears poised to continue its ascent.

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With strong adoption, tokenomics, and technicals, Tellor seems poised to continue its ascent up the market cap charts. The oracle field also has room for multiple winners.

As DeFi grows, the need for high-quality data expands. This should drive sustainable, long-term demand for TRB. With fundamentals firmly in place, Tellor appears here to stay as a force in crypto.

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