SXT (Space and Time) rose 12.35% in the last 24 hours.

Gate News Bot news, on July 2, according to CoinMarketCap data, as of the time of writing, SXT (Space and Time) is currently priced at 0.08 USD, having risen 12.35% in the last 24 hours, reaching a high of 0.08 USD and a low of 0.06 USD. The current market capitalization is approximately 107 million USD, an increase of 11.7 million USD compared to yesterday.

Space and Time is a decentralized data platform designed to replace blockchain indexing services, databases, data warehouses, and API servers. It offers a sub-second zero-knowledge SQL co-processor that enables smart contracts to handle large-scale data. The platform also provides pre-built Web3 APIs for developers to access real-time data indexed from major chains such as Ethereum, ZKsync, Bitcoin, and Polygon. Space and Time also includes an AI-driven Studio tool that can generate queries, pipelines, and dashboards through natural language prompts.

Important news about SXT recently:

1️⃣ Genesis Validator Reward Program Launch Space and Time launched the Genesis Validator Rewards Program, with an incentive cap of up to 150 million SXT, accounting for 3% of the total token supply. Participants are required to stake SXT within 14 days after the public mainnet launch and maintain it for 9 months. This program aims to enhance network security and decentralization while providing additional rewards for early supporters.

2️⃣ Grayscale launches SXT trust to enhance market recognition The well-known digital asset investment platform Grayscale launched the Grayscale Space and Time Trust on June 25, providing institutional investors with a new channel to access SXT. This move not only increases the exposure of SXT but is also expected to attract more institutional funds, enhancing the project's market capitalization.

3️⃣ Technical innovation attracts developer attention The sub-second zero-knowledge SQL co-processor and pre-built Web3 APIs of the Space and Time platform are attracting increasing attention from developers. These technological advantages are expected to drive the construction of more dApps and smart contracts on this platform, thereby increasing the practical application scenarios and demand for SXT.

From a technical perspective, the SXT price has broken through the previous consolidation range and is showing a clear rise trend. Recent positive news continuing to ferment may further drive the short-term price trend. However, investors still need to closely monitor the overall market sentiment and the project's subsequent developments.

This message does not constitute investment advice, and investors should be aware of market volatility risks.