Interlay Price

Interlay is a decentralized cryptocurrency that aims to connect Bitcoin and other cryptocurrencies with DeFi platforms like Polkadot and Ethereum. As a Polkadot parachain, Interlay facilitates interoperability between major blockchain networks. The INTR token is used for governance, staking, and paying transaction fees on the Interlay network. It has a current price of $0.0005216, with a 24-hour trading volume of $12.03K. The total supply of INTR tokens is 1B INTR, with 229.98M INTR in circulation. Interlay's market cap stands at $119.96K, ranking it 4719 among all cryptocurrencies. The project launched in March 2022 and has since been working on building cross-chain bridges and DeFi applications to expand the utility of Bitcoin in the broader crypto ecosystem.

Interlay was created on March 10, 2022. The project launched its native token INTR on this date as part of its mission to connect Bitcoin and other cryptocurrencies with DeFi platforms like Polkadot and Ethereum. Interlay operates as a decentralized network, hosted as a Polkadot parachain, aiming to bridge major DeFi ecosystems. The INTR token serves multiple purposes within the ecosystem, including governance, staking, and transaction fee payments.

The founders of Interlay (INTR) are Alexei Zamyatin, Dominik Harz, and James Prestwich. They established Interlay, the company behind Interlay, in 2020. Alexei Zamyatin serves as the CEO, Dominik Harz as the CTO, and James Prestwich as the COO. These three co-founders bring extensive experience in blockchain technology, cryptography, and decentralized finance to the project. Their combined expertise has been instrumental in developing Interlay's innovative cross-chain interoperability solutions, particularly focusing on connecting Bitcoin with other blockchain networks like Polkadot and Ethereum. The founding team's vision is to create a decentralized network that seamlessly bridges different cryptocurrencies and DeFi platforms, enhancing liquidity and functionality across the blockchain ecosystem.

Interlay works as a decentralized network connecting cryptocurrencies like Bitcoin with DeFi platforms such as Polkadot and Ethereum. The Interlay network operates as a Polkadot parachain and integrates with other major DeFi networks. The INTR token serves multiple purposes: 1. Governance: INTR holders can vote on proposals. 2. Staking: Users can stake INTR to participate in governance and earn rewards. 3. Utility: Transaction fees on the network can be paid in INTR. 4. Security: INTR is integrated with bridges to enhance security for token holders. Interlay aims to facilitate interoperability between different blockchain ecosystems, allowing for seamless asset transfers and DeFi interactions across networks. The total supply of INTR is 1B INTR, with a circulating supply of 229.98M INTR. The current price is $0.0005216, with a market cap of $119.96K. As the DeFi ecosystem continues to grow, Interlay's role in connecting various networks could become increasingly important, potentially driving adoption and value for the INTR token in the coming years.

Interlay is built on a decentralized network architecture designed to connect Bitcoin and other cryptocurrencies with DeFi platforms like Polkadot and Ethereum. The INTR network operates as a Polkadot parachain and aims to integrate with major DeFi networks including Cosmos and Ethereum. Key technical components include: 1. Cross-chain interoperability protocols to enable seamless asset transfers between blockchains 2. Smart contracts for implementing DeFi functionalities like lending, borrowing, and yield farming 3. Governance mechanisms allowing INTR token holders to vote on protocol upgrades and changes 4. Staking infrastructure to secure the network and incentivize long-term token holding 5. Bridges to connect with external blockchain networks and expand the ecosystem 6. AMM (Automated Market Maker) and DEX (Decentralized Exchange) capabilities 7. DAO (Decentralized Autonomous Organization) structure for community-driven development The architecture prioritizes security, scalability and composability to position Interlay as a key infrastructure layer for cross-chain DeFi applications. Regular upgrades are implemented to enhance performance and add new features based on governance decisions.

The future of Interlay (INTR) looks promising. The project aims to expand its interoperability solutions, connecting more blockchains and DeFi platforms. Key roadmap milestones include: 2026: Enhance cross-chain bridges and improve security features 2027: Launch new DeFi products and expand governance capabilities 2028: Integrate with major Layer 1 and Layer 2 networks 2031: Become a leading interoperability solution in the crypto ecosystem The INTR token is expected to play a crucial role in governance, staking, and utility within the Interlay ecosystem. As the network grows, the token's value may increase: 2027: Projected price of $0.0006137 2031: Potential price of $0.001075 With ongoing development and adoption, Interlay aims to revolutionize cross-chain interactions and establish itself as a cornerstone of the multi-chain future.