Gate News Bot Report, February 25 — According to CoinMarketCap data, at press time, ESP (Espresso) is trading at $0.17, up 69.19% in the past 24 hours. The price reached a high of $0.20 and a low of $0.06. 24-hour trading volume is $514 million. The current market cap is approximately $89.1 million, an increase of $3.65 million from yesterday.
Espresso Network is a project providing cross-chain composability infrastructure for the Ethereum ecosystem and other blockchains. Its vision is to enable all blockchains to work together in coordination, laying the foundation for Layer 2, Layer 3, and other scaling solutions. The Espresso Network has launched on the mainnet, allowing users to claim and stake ESP tokens via the official portal to unlock enhanced staking rewards. The project has established partnerships with ecosystems and development teams such as Arbitrum, Ethereum, Caldera, and AltLayer to promote cross-chain composability.
Recent Important News about ESP:
1️⃣ Exchange Listings Boost Trading Activity
Major Korean exchanges have recently officially listed ESP, significantly increasing the project’s liquidity and tradability. The addition of new exchanges often attracts funds from different regions, especially with the support of mainstream markets like Korea, providing new price discovery and trading opportunities for ESP. This activity aligns with the active 24-hour trading volume surpassing $514 million.
2️⃣ Mainnet Launch and Ecosystem Development Support Fundamentals
The Espresso Network mainnet is now live, with a mechanism for users to claim and stake ESP tokens via the official portal to earn enhanced staking rewards. Additionally, the project has formed strategic partnerships with leading ecosystems such as Arbitrum, Ethereum, Caldera, and AltLayer. Recognition from these protocols further strengthens Espresso’s position as a cross-chain composability infrastructure, laying a solid foundation for long-term value.
3️⃣ Early Airdrops and Increased Market Participation
During its initial launch, ESP conducted a 10% airdrop, effectively expanding the token holder base and community engagement. The new users and token holders brought by the airdrop increased market activity and created conditions for subsequent staking and ecosystem participation, contributing to a rapid price increase during this cycle.
This news is not investment advice. Please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gate ETF's February trading volume exceeded $16 billion, maintaining the top spot in ETF trading volume across the entire network. It now supports nearly 320 ETF trading pairs.
Gate ETF business achieved a trading volume of 16.277 billion USDT in February 2026, ranking first in monthly trading volume across the entire network. Supporting nearly 320 ETF trading pairs, it optimizes liquidity and trading efficiency to meet diverse investment needs. At the same time, it introduces a new leveraged token trading model in conjunction with traditional financial assets.
GateNews3m ago
Japan's "Sanae Token" plummets 58%! Prime Minister Sanae Takashi denies any connection, as political meme coin regulatory risks intensify
The "Meme Coin" under Japanese Prime Minister Fumio Kishida's name has plummeted 58% after being accused of having no connection to him. The token was launched on February 25th, claiming to be related to political support. After Kishida denied the connection, the market reacted strongly, and the Financial Services Agency has launched an investigation, focusing on compliance issues related to crypto assets.
GateNews11m ago
PHA (Phala Network) increased by 34.79% in the past 24 hours
Gate News Bot Message, March 04, According to CoinMarketCap data, as of press time, PHA (Phala Network) is currently trading at $0.04, up 34.79% in the past 24 hours, with a high of $0.04 and a low of $0.02. The current market capitalization is approximately $30.9 million, an increase of $7.97 million compared to yesterday.
Phala Network is a hardware-secure privacy computing platform dedicated to delivering verifiable AI technology and providing enterprise-level privacy protection. The platform supports deploying privacy-preserving AI models within minutes through Trusted Execution Environment (TEE) technology.
Phala Network has earned the trust of over 5,000 users, including industry players like NVIDIA, OpenRouter, NEAR, and Vana.
GateNews16m ago
KAVA (Kava) 24-hour increase of 18.37%
Gate News Bot Message, March 04, According to CoinMarketCap data, as of press time, KAVA (Kava) is trading at $0.06, up 18.37% in the past 24 hours, reaching a high of $0.07 and a low of $0.05. The 24-hour trading volume is $51.4 million. The current market capitalization is approximately $68.4 million, an increase of $10.6 million from yesterday.
Kava is a decentralized blockchain that combines Cosmos’s speed and interoperability with the Ethereum developer ecosystem. The network communicates with 30 chains and $60 billion in assets within the Cosmos ecosystem via the IBC protocol, while also providing an EVM-compatible execution environment, enabling Solidity developers to build applications on the Kava network. Currently, the network has 120 million staked KAVA and 100 active validators.
GateNews42m ago
Former Trump advisor warns: Merely "supporting Bitcoin" is far from enough; the U.S. needs to actively advance a strategic Bitcoin reserve
David Bailey pointed out that the U.S. government needs to strengthen policy and political capital investment to push Bitcoin into the national strategic level. He mentioned that although the Trump administration has begun to establish Bitcoin reserves, progress has been limited, and the government's Bitcoin assets mainly come from law enforcement seizures. Bailey emphasized that political support alone is not enough to promote Bitcoin development; public engagement and policy efforts need to be increased.
GateNews46m ago
Gate Ventures: Mainstream assets slightly decline, ETF net inflows and infrastructure financing remain active
The recently released Crypto Weekly Report shows that the crypto market is experiencing volatility and consolidation, with large amounts of capital flowing into BTC and ETH respectively, and market sentiment is extremely fearful. In terms of investment and financing, 13 transactions were completed with a total of $76.15 million, with infrastructure financing leading, and institutions accelerating their digital asset custody deployment.
GateNews50m ago
