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About Enzyme

Category

Application token


Enzyme Value Proposition


The Enzyme price is $24.68, a change of 0.77% over the past 24 hours as of 10:06 a.m. The recent price action in Enzyme left the token’s market capitalization at $52,442,897.68 USD. So far this year, Enzyme has a change of -72.22%. Enzyme is classified as a Application token under CoinDesk's Digital Asset Classification Standard (DACS).


Melon (MLN) is the native cryptocurrency of Enzyme Finance: a decentralized asset management platform built on the Ethereum blockchain. The protocol is intended for people or entities to manage their wealth or the wealth of others on a customized blockchain, according to Enzyme’s white paper.

MLN sale, price

MLN (Melon) is an ERC-20 token (a fungible crypto token compatible with the Ethereum blockchain) that powers Enzyme, which was formerly known as the Melon Protocol. The token essentially facilitates asset management on decentralized finance (DeFi) apps. Users acquire the MLN token to build investment DeFi strategies.

The company distributed 1.25 million MLN coins between 2017 and 2018 and raised $2.9 million in an initial coin offering (ICO) in 2017.

The MLN price reached an all-time high of $258.26 in January 2018. Since then, MLN has generally outperformed larger cryptocurrencies such as bitcoin and ether, although it has been vulnerable to large price swings. MLN has a maximum supply cap of 1.82 million coins. According to crypto exchange Coinbase, traders typically hold MLN for about four days, making it a short-term speculative asset.

How Enzyme works

The idea is for MLN to create a more accessible, global ecosystem for decentralized asset management. Investment strategies are found in “vaults,” which users can filter by historical performance and risk metrics. The MLN token is also used to pay for activities and functions while developing vaults.

The end result is an alternative system where users can invest in fully audited and transparent portfolios created by other users on the Ethereum blockchain. Investors use Enzyme to access DeFi portfolios based on their strategy and risk profile, while traders and holders of the MLN token may believe in the ongoing usage (and increased value) of the Enzyme platform.

Key events and management

Enzyme was founded in 2016 by Mona El Isa, a former Goldman Sachs vice president, and mathematician Rito Tinkler.

In 2019, former management under “Melonport” dissolved and was transferred to the Melon Council, a decentralized autonomous organization (DAO). The Enzyme protocol lists all code for audit on its public GitHub repository.


Enzyme Market Cap

$52.44M

Enzyme 24H Volume

$2.42M


Enzyme Price

24H Open
$24.49
24H Change
$0.187933
52 Week Low
$17.37
52 Week High
$225.42
All Time High
$258.26
Returns (YTD)
-72.22%

Enzyme Market Stats

Total Supply
2.12M
Max Supply
2.12M
24H Value Transacted
N/A
30D Volatility
1.01
24H Transaction Count
N/A
24H Average Transaction Fee
N/A

About Enzyme

Category

Application token


Enzyme Value Proposition


The Enzyme price is $24.68, a change of 0.77% over the past 24 hours as of 10:06 a.m. The recent price action in Enzyme left the token’s market capitalization at $52,442,897.68 USD. So far this year, Enzyme has a change of -72.22%. Enzyme is classified as a Application token under CoinDesk's Digital Asset Classification Standard (DACS).


Melon (MLN) is the native cryptocurrency of Enzyme Finance: a decentralized asset management platform built on the Ethereum blockchain. The protocol is intended for people or entities to manage their wealth or the wealth of others on a customized blockchain, according to Enzyme’s white paper.

MLN sale, price

MLN (Melon) is an ERC-20 token (a fungible crypto token compatible with the Ethereum blockchain) that powers Enzyme, which was formerly known as the Melon Protocol. The token essentially facilitates asset management on decentralized finance (DeFi) apps. Users acquire the MLN token to build investment DeFi strategies.

The company distributed 1.25 million MLN coins between 2017 and 2018 and raised $2.9 million in an initial coin offering (ICO) in 2017.

The MLN price reached an all-time high of $258.26 in January 2018. Since then, MLN has generally outperformed larger cryptocurrencies such as bitcoin and ether, although it has been vulnerable to large price swings. MLN has a maximum supply cap of 1.82 million coins. According to crypto exchange Coinbase, traders typically hold MLN for about four days, making it a short-term speculative asset.

How Enzyme works

The idea is for MLN to create a more accessible, global ecosystem for decentralized asset management. Investment strategies are found in “vaults,” which users can filter by historical performance and risk metrics. The MLN token is also used to pay for activities and functions while developing vaults.

The end result is an alternative system where users can invest in fully audited and transparent portfolios created by other users on the Ethereum blockchain. Investors use Enzyme to access DeFi portfolios based on their strategy and risk profile, while traders and holders of the MLN token may believe in the ongoing usage (and increased value) of the Enzyme platform.

Key events and management

Enzyme was founded in 2016 by Mona El Isa, a former Goldman Sachs vice president, and mathematician Rito Tinkler.

In 2019, former management under “Melonport” dissolved and was transferred to the Melon Council, a decentralized autonomous organization (DAO). The Enzyme protocol lists all code for audit on its public GitHub repository.


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Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.