Dolomite’s $DOLO Token Makes Waves with Kraken Listing and Innovative DeFi Features

Dolomite, a decentralized money market protocol, has announced the launch of its native token $DOLO, which is set to debut on major exchanges including Kraken. This development marks a significant milestone for the platform, which supports over 1,000 unique assets and offers advanced borrowing and lending mechanisms. The introduction of $DOLO is expected to enhance user experience by enabling optimized idle capital management and multiple borrow positions with distinct risk profiles from a single wallet. With a fifth of the $DOLO supply already allocated, the crypto community is eagerly anticipating its impact on the DeFi landscape.

Dolomite Launches Native Token $DOLO with Major Exchange Listings

Dolomite, a decentralized money market protocol, has unveiled its native token $DOLO, set to debut on Kraken and other top-tier exchanges. The platform, which supports over 1,000 unique assets, enables users to optimize idle capital through sophisticated borrowing and lending mechanisms. Its architecture allows a single wallet to manage multiple borrow positions with distinct risk profiles.

A fifth of the $DOLO supply has been allocated to an airdrop, rewarding platform users and Minerals Program participants. Recipients have six months to claim their tokens, with half distributed as liquid $DOLO and the remainder locked.

Bitcoin Price Rejected Again — Are Bears Gearing Up for a Pullback?

Bitcoin’s upward momentum stalls as it faces rejection NEAR the $94,500 resistance level. The cryptocurrency remains in a consolidation phase, with potential for a short-term correction toward the $91,200 support zone.

Despite the pullback, BTC maintains its footing above key technical levels. The price continues to trade above $92,000 and the 100-hour Simple Moving Average, while a bullish trend line provides support at $93,100 on the hourly chart. Market participants are watching for a decisive break above $94,500 to confirm the next leg upward.

The recent price action saw Bitcoin establish stability above $88,800 before rallying through multiple resistance levels. Bulls successfully pushed the price above $93,500, though the $94,500 ceiling proved too strong to overcome in initial attempts.