Nest Protocol Price

Nest Protocol is a decentralized price oracle network built on the Ethereum blockchain. It uses a unique approach to generate on-chain prices through a market game theory mechanism where miners provide two-way quotes to synchronize off-chain market prices on-chain. The NEST token is used to incentivize miners and power the protocol's quotation mining system. Key features of Nest Protocol: - Current price: $0.0002109 - Market cap: $1.25M - 24h trading volume: $35.68K - Circulating supply: 5.92B NEST - Total supply: 10B NEST - All-time high: $0.2376 (August 10, 2020) - All-time low: $0.0001201 (June 7, 2025) Nest Protocol aims to create a robust decentralized price oracle by incentivizing miners to provide accurate price data. It was launched in 2018 and has since become an important infrastructure project in the DeFi ecosystem, providing reliable price feeds for various decentralized applications.

Nest Protocol was created on December 19, 2018. The project launched its cryptocurrency on the Ethereum blockchain, introducing a decentralized price oracle network. Since its inception, Nest Protocol has aimed to provide a novel solution for generating on-chain prices using market game theory and two-way quotations from miners. This innovative approach has positioned Nest Protocol as a unique player in the decentralized finance (DeFi) and oracle space within the cryptocurrency ecosystem.

The founders of Nest Protocol are not publicly disclosed. Nest Protocol was launched in 2018 as a decentralized price oracle network built on Ethereum. The project aims to provide reliable on-chain price data through a unique market-driven approach, utilizing game theory and miner incentives. While the specific individuals behind Nest Protocol's creation remain anonymous, the protocol has gained traction in the DeFi space for its innovative oracle solution. As of 2025-07-15, Nest Protocol has a market cap of $1.25M and is trading at $0.0002109 per token.

Nest Protocol works as a decentralized price oracle network built on Ethereum. It uses a unique approach to generate on-chain prices through market game theory and two-way quotations from miners. Key aspects of how NEST functions include: 1. Miners provide two-way price quotes to synchronize off-chain market prices on-chain. 2. The NEST quotation mining mechanism incentivizes miners to participate. 3. This creates a closed-loop distributed quotation system that accurately reflects real-world asset prices on the blockchain. 4. The result is the NEST price oracle, which provides reliable price data for other DeFi protocols and applications. 5. NEST tokens are used to incentivize and reward miners for providing accurate price quotes. 6. The total supply of NEST is 10B NEST, with 5.92B NEST currently in circulation. 7. NEST can be traded on various decentralized exchanges, with a current price of $0.0002109 and 24-hour trading volume of $35.68K. This innovative oracle design allows Nest Protocol to provide decentralized, manipulation-resistant price feeds for the DeFi ecosystem. The market-driven approach aims to ensure price accuracy and reliability.

Nest Protocol utilizes a unique technical architecture based on Ethereum. Key features include: 1. Decentralized price oracle network: Nest Protocol implements a novel approach to generate on-chain prices through market game theory and two-way miner quotations. 2. NEST quotation mining mechanism: Incentivizes miners to participate in the price oracle system. 3. Distributed quotation system: Forms a logical closed-loop system to synchronize off-chain prices on-chain. 4. Smart contracts: Deployed on Ethereum for oracle functionality and token operations. 5. ERC-20 token: NEST is an ERC-20 token on the Ethereum blockchain. 6. Cross-chain compatibility: Also supports BNB Chain, enabling wider ecosystem integration. 7. Governance mechanism: Allows token holders to participate in protocol decisions. 8. Scalable infrastructure: Designed to handle high volumes of price data requests. This architecture enables Nest Protocol to function as an efficient and reliable decentralized price oracle, providing critical price feed services for various DeFi applications and protocols in the Web3 ecosystem.

The future and roadmap of Nest Protocol look promising. The project aims to enhance its decentralized price oracle network and expand its ecosystem. Key milestones include: 2025: Improving oracle accuracy and efficiency, expanding supported asset types. 2026: Launching cross-chain oracle solutions, integrating with more DeFi protocols. 2027: Developing advanced financial derivatives products powered by Nest Protocol oracles. 2030: Establishing Nest Protocol as a leading oracle solution in the Web3 space. Long-term vision involves continuous innovation in decentralized price discovery mechanisms and becoming an essential infrastructure for the DeFi ecosystem. Price predictions: 2026: -- 2025 + 3: -- 2030: -- 2035: -- The team is committed to regular updates, community engagement, and partnerships to drive adoption and utility of NEST tokens. As the DeFi sector grows, Nest Protocol's unique approach to on-chain price generation positions it well for future success.