An under-the-radar altcoin is surging after being added to Coinbase’s listing roadmap.
In a new thread on social media platform X, Coinbase, the largest cryptocurrency exchange platform in the United States, announced that it is adding decentralized finance (DeFi) protocol Moonwell (WELL) to its product line.
In further news, WELL has surged from a low of $0.0124 on September 5th to a high of $0.0173 just a day later. That’s a gain of around 40%. The cryptocurrency asset has since bounced back and is trading at $0.0170 at the time of writing.
Coinbase’s listing roadmap was created in 2022 to increase transparency and prevent token launches from happening ahead of time.
Built on Coinbase’s own blockchain, Base, and smart contract parachains Moonbeam (GLMR) and Moonriver (MOVR), Moonwell launched in 2022 as an open lending and borrowing platform. Moonwell is also interoperable with Ethereum (ETH) layer 2 scaling solution Optimism (OP).
Earlier this week, Coinbase announced that it would be adding support for POL, the much-anticipated rebrand of the Polygon token formerly known as MATIC, to digital assets labeled as experimental, meaning they could experience higher volatility or lower trading volume.
It was previously revealed that POL and MATIC do not coexist, and that the Polygon community could vote to expand the usability of POL.
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