PlutusDAO price hits new ATH as PLS token spikes 41%

• The price of PlutusDAO rose to an all-time high of $1.42.
• PLS token surged 41% over the last 24 hours and 170% over the past week.
• PlutusDAO has announced the launch of plsRDNT on Arbitrum, making it easier for owners to earn RDNT.

As cryptocurrencies look set to rise on Tuesday, the price of PlutusDAO (PLS) has surged 170% over the past seven days, with Arbitrum’s native layer-2 governance platform seeing massive network activity. According to CoinGecko data, the price of PlutusDAO’s native token has soared by more than 41% in the last 24 hours.

According to data, on Tuesday, March 21, 2023, the price of PLS rose to $1.42, setting a new all-time high for the token. PLS/USD traded at $1.38 on Tuesday afternoon and traded around $0.95 earlier in the day.

PlutusDAO Price: Why PLS Is Up 170% This Week

According to CoinGecko, the decentralized network recorded a 50% surge in trading volume in a 24-hour period, with over $1,700,800 worth of PLS traded on the day.

This spike suggests a surge in market activity. Especially after PlutusDAO announced that it had added his fourth asset to its product range, plsRDNT, prices skyrocketed. The new plsAsset is for the native token of Radiant, the Arbitrum network’s money market protocol.

“We are happy to announce that $plsRDNT is now live on #Arbitrum! The premier cross-chain money market in cryptocurrency has undergone a major upgrade. Users can now earn maximum locked yields without locking their tokens. Plutus DAO Team murmured.

Given PlutusDAO’s attractive reward system for plsAsset stakers, the hype around Arbitrum seems to have contributed to the increase in user activity. RDNT holders can now take advantage of liquid staking benefits and earn rewards from Radiant via the PLS platform.

and blog postPlutusDAO said that stake in plsRDNT can come from three possible sources of fees the underlying locked liquidity token (dLP), PLS emissions, and dLP-boosted plvRDNT (Radiants new vault products).