Taiko

Taiko (TAIKO) is a cryptocurrency launched in 2024. It is an Ethereum Layer 2 scaling network that uses a based rollup design, aiming to provide Ethereum-equivalent security and compatibility while increasing throughput. The project focuses on decentralization by leveraging Ethereum's own validator set for sequencing.

Taiko uses a based rollup architecture, meaning it relies on Ethereum Layer 1 validators to sequence transactions. This design differs from typical rollups that use their own sequencers. Taiko aims to be Ethereum-equivalent, supporting existing smart contracts and tools without modification. The network processes transactions in batches and posts them to Ethereum for settlement.

TAIKO is the native token of the Taiko network. It is used for governance, allowing holders to vote on protocol upgrades and parameter changes. The token also plays a role in network security through staking, and may be used to pay transaction fees on the network. Its utility is tied to the operation and decentralization of the Taiko ecosystem.

Unlike many Layer 2 networks that operate with centralized sequencers, Taiko uses a based rollup model where Ethereum validators propose and include blocks. This aims to inherit Ethereum's decentralization and security more directly. Taiko also emphasizes Ethereum equivalence, meaning developers can deploy existing smart contracts without changes, distinguishing it from ZK-rollups that may require custom tooling.

Taiko (TAIKO) is a cryptocurrency launched in 2024. Taiko has a current supply of 1,000,000,000 with 218,841,882. 20458361 in circulation.

Taiko is currently priced at $0.08344, down 1.03% in the last 24 hours. It is ranked #745 by market capitalization. Over the past 7 days, TAIKO is down 9.76%.

Taiko has a market capitalization of $18.26M. The 24-hour trading volume is $2.73M, reflecting the total value of TAIKO traded across all exchanges in the last day.