Enzyme

MLN

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$25.31

24H %

0.29%

24H Low

$24.72

24H High

$25.57

eToroSponsoredBuy Crypto on a Trusted PlatformTransparent, fixed, unified feed with no hidden costs. Join 30M+ users.

Cryptoassets are highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

SoFiSponsoredEarn up to $1,000 when you fund a new account, and earn up to $100 in Bitcoinwith your first qualifying crypto trade (See terms).

SoFi Crypto is offered through SoFi Digital Assets, LLC. Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile, involve a high degree of risk, and are unsuitable for most investors. For more information on digital asset risk see FINRA, SEC, and CFPB public advisories. SoFi will apply a markup of up to 1.25% for each crypto transaction. For more information, visit www.SoFi.com/crypto.

24H Low

$24.72

24H High

$25.57

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About Enzyme

Sector

DeFi

Industry Group

Asset Management

Industry

Asset Management

The Enzyme price is $25.31, a change of 0.29% over the past 24 hours as of 6:13 p.m. The recent price action in Enzyme left the tokens market capitalization at $36,805,278.38. So far this year, Enzyme has a change of 33.20%. Enzyme is classified as a DeFi under CoinDesks 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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Enzyme Market Cap

$36.81M

Enzyme24H Volume

N/A

Enzyme Price

24H Open

$25.35

24H Change

$0.07287213

52 Week Low

$12.32

52 Week High

$490.32

All Time High

$490.32

Returns (YTD)

33.20%

Enzyme Market Stats

Total Supply

1.45M

Max Supply

N/A

24H Value Transacted

N/A

30D Volatility

0.60041200

24H Transaction Count

N/A

24H Average Transaction Fee

N/A

About Enzyme

Sector

DeFi

Industry Group

Asset Management

Industry

Asset Management

The Enzyme price is $25.31, a change of 0.29% over the past 24 hours as of 6:13 p.m. The recent price action in Enzyme left the tokens market capitalization at $36,805,278.38. So far this year, Enzyme has a change of 33.20%. Enzyme is classified as a DeFi under CoinDesks 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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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.