- Lagrange (LA) surged 528% post-TGE after listings on top exchanges like Binance Alpha and Coinbase.
- High liquidity, strategic airdrops, and multi-platform launch attracted massive investor interest.
- Lagrange’s ZK tech and $13.2M backing position it as a rising infrastructure player.
The price of Lagrange (LA) risen an incredible 528% on June 5, just after it became available on popular cryptocurrency exchanges. The token appeared on respected platforms such as Binance Alpha, Coinbase and KuCoin, leading many investors to join in and trade it heavily. Based on CoinGecko information, LA hit an intraday high of $1.57 during the afternoon in Asia which meant its market cap went above $265 million at the time of publication.
Lagrange Price Surges Days After TGE Launch
The huge price rise occurred within days of the TGE for Lagrange which took place on June 4. At the same time, LA was added to well-known exchanges like Bybit, MEXC, HTX, Bithumb, Bitget and Binance Alpha. Because the token was listed on many different platforms, liquidity increased and more people could invest which fuelled the fast rise in price.
Usually when a multi-exchange token starts, extra attention from investors brings more demand. There was an intense rally in the stock, making LA’s value rise a lot.
There are 1 billion Lagrange tokens available and they are given out strategically to maintain the ecosystem. Out of the amount raised, 34.78% is set aside for improving the community and developing the ecosystem and 25.39% for those who contributed. Early investors own 18.54% of the tokens, the Lagrange Foundation owns 11.30% and the rest of the tokens (10%) was given away during the community airdrop.
In the time before the TGE, Lagrange team held a registration campaign for airdrops from May 28 to June 2. Because all the airdropped tokens were available from the start, a couple of users cashed in and the price dropped a little bit. Even so, a strong group of buyers returned to the market, regarding the slump in price as an opening to purchase and having faith in the project’s future success.
Binance Alpha has included LA in its list, but it has not yet become available for trading on the Binance spot platform. In the past, Binance has only listed assets that show strong trading interest, support from a community and steady growth in the market. Even so, people are already noticing the rise in retail awareness. At the time of publication, Google Trends shows that “Lagrange crypto” was searched much more than usual which suggests retail investors are showing increased interest and awareness.
What is Lagrange?
Lagrange is a ZK platform made to support both scalable and decentralized proof generation as well as cross-chain computation. ZK Prover Network and ZK Coprocessor are the main protocols that support the network.
ZK Coprocessor acts like a middleware tool that permits smart contracts to ask for off-chain task processing. After that, the results are checked on the blockchain by using zero-knowledge proofs, retaining both data privacy and a decentralized system. Also, the ZK Prover Network comes into play, making up a decentralized structure of independent provers who produce the cryptographic proofs needed for these actions.
All of this makes it possible to create a verified data layer free of trust for use on different blockchain networks. The architecture relies heavily on the LA token. People use it as the official currency to run proofs, subside the financial compensation of the prover, make staking choices and facilitate delegation.
After forming in 2022, Lagrange Labs has entered strategic alliances with important names in crypto, for example, EigenLayer, Coinbase’s Base, LayerZero and Frax Finance. Such partnerships have made Lagrange an emerging player in the world of ZK infrastructure.
In May 2024, Lagrange Labs announced that they had reached $13.2 million in seed funding, with the help of Founders Fund which was founded by Peter Thiel. Eminent investors like Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital and the Mantle Ecosystem Fund also participated, showing trust in Lagrange’s potential to provide solid and inclusive blockchain services.
