Golem (GLM) Metrics
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Golem (GLM)
What is Golem?
Golem (GLM) is a decentralized computing network launched in 2016 by the Golem Factory. It was created to provide a global, open-source, and decentralized supercomputer that allows users to buy and sell computational resources. This platform operates on the Ethereum blockchain, utilizing smart contracts to facilitate transactions and resource sharing between users. The native token, GLM, serves as a utility token within the Golem ecosystem, enabling payments for computational tasks and services. Users can earn GLM by renting out their computing power, while requesters pay in GLM for the resources they need. Golem stands out for its innovative approach to distributed computing, allowing for cost-effective and scalable solutions for tasks such as CGI rendering, scientific computation, and machine learning. This positions Golem as a significant player in the decentralized computing space, offering an alternative to traditional cloud computing services by leveraging blockchain technology.
When and how did Golem start?
Golem originated in November 2016 when the founding team, led by Julian Zawistowski, released its whitepaper. The project aimed to create a decentralized marketplace for computing power. Golem's development milestones began with the launch of its testnet in 2016, followed by the mainnet release in April 2018, which marked its initial public availability. The token's initial distribution was conducted through an Initial Coin Offering (ICO) in November 2016, raising approximately $8.6 million. These foundational steps were crucial in establishing Golem's platform, which allows users to buy and sell computational resources on a global scale.
What’s coming up for Golem?
According to official updates, Golem is preparing for several significant milestones. A primary focus is on enhancing the protocol's scalability and user experience, with a particular emphasis on integrating new resource-sharing capabilities. One of the upcoming features includes a protocol upgrade aimed at improving transaction efficiency, targeted for release in the next quarter. Additionally, Golem is working on expanding its ecosystem through strategic partnerships, which are expected to enhance the platform's functionality and reach. These initiatives are part of a broader roadmap designed to solidify Golem's position in the decentralized computing space. Progress on these developments can be tracked through their official communication channels and repositories.
What makes Golem stand out?
Golem stands out through its decentralized marketplace for computing power, leveraging a unique peer-to-peer network architecture. This design enables users to rent out spare computing resources, facilitating a cost-effective and scalable solution for complex computational tasks. Golem's platform is built on Ethereum, utilizing smart contracts to manage transactions and ensure security and transparency. The ecosystem supports a wide range of applications, from CGI rendering to scientific computations, thanks to its flexibility and robust API. Golem's open-source nature encourages community-driven development, fostering innovation and adaptability. Additionally, its partnerships with various tech entities enhance its capabilities and integration potential, contributing to its distinctive role in the decentralized computing landscape.
What can you do with Golem?
The GLM token is used primarily for transactions and as a utility token within the Golem network. Users can leverage GLM to pay for computing resources on the Golem platform, which allows them to access distributed computing power for tasks such as rendering, machine learning, or scientific calculations. Holders of GLM can also participate in governance, contributing to decision-making processes regarding network upgrades and policy changes. Developers benefit from Golem by building decentralized applications (dApps) that utilize the network's computing resources, integrating with the platform through available SDKs and APIs. The Golem ecosystem supports various wallets that facilitate the storage and transfer of GLM, ensuring seamless interaction with the network's services.
Is Golem still active or relevant?
Golem remains active, with recent developments and community engagement indicating its ongoing relevance. As of 2023, Golem has continued to release updates, with the latest version improvements focusing on enhancing the platform's decentralized computing capabilities. The project regularly updates its GitHub repository, showing consistent development activity. Golem is actively traded on several exchanges, maintaining a presence in the cryptocurrency market. The platform has been involved in various integrations, such as collaborations with other blockchain projects to expand its utility in decentralized computing. Additionally, Golem's community governance structure shows active participation, with recent proposals and votes demonstrating a committed user base. These factors collectively underscore Golem's sustained activity and relevance in the decentralized computing sector.
Who is Golem designed for?
Golem is designed for developers and businesses seeking to harness decentralized computing power. It enables these users to distribute and monetize computational tasks across a global network, facilitating efficient processing of complex calculations and rendering tasks. The platform provides tools and resources, such as APIs and SDKs, to support integration and development, allowing users to tap into a marketplace where they can buy and sell computing resources. Secondary participants, like individual contributors and node operators, engage by offering their unused computing power in exchange for rewards. This setup fosters a collaborative ecosystem where resources are efficiently utilized, benefiting both providers and consumers of computational power.
How is Golem secured?
Golem is secured through a decentralized network model that leverages the Ethereum blockchain for transaction settlement and smart contract execution. It uses Ethereum's consensus mechanism, which is currently transitioning from Proof of Work (PoW) to Proof of Stake (PoS) with Ethereum 2.0. In this setup, validators are responsible for confirming transactions and maintaining network integrity. Golem employs cryptographic techniques such as ECDSA (Elliptic Curve Digital Signature Algorithm) for authentication and data integrity, ensuring that transactions are secure and verifiable. Participant incentives are aligned through Ethereum’s PoS model, where validators are rewarded with transaction fees and block rewards for their participation. The network also incorporates slashing penalties to discourage malicious behavior, ensuring that validators act in the network's best interest. Golem benefits from Ethereum's robust security measures, including regular audits, a well-established governance process, and client diversity, which contribute to the overall resilience and security of the network.
Has Golem faced any controversy or risks?
Golem has encountered certain risks and challenges typical of decentralized computing platforms. One notable incident occurred in 2018 when a security vulnerability was discovered in the Golem Brass Beta, which could have potentially allowed malicious actors to exploit the network. The Golem team promptly addressed this issue by releasing a patch to secure the platform, demonstrating their commitment to maintaining the network's integrity. Additionally, like many blockchain projects, Golem faces ongoing risks related to market volatility, regulatory changes, and technical challenges. The team actively mitigates these risks through regular security audits, continuous development, and community engagement to ensure transparency and adaptability. While Golem has not been involved in significant regulatory or legal disputes, the project remains vigilant in navigating the evolving landscape of blockchain technology to minimize potential controversies.
Golem (GLM) FAQ – Key Metrics & Market Insights
Where can I buy Golem (GLM)?
Golem (GLM) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the GLM/USDT trading pair recorded a 24-hour volume of over $3 307 427.13. Other exchanges include Binance and WhiteBIT.
What's the current daily trading volume of Golem?
As of the last 24 hours, Golem's trading volume stands at $4,550,996.50 , showing a 3.25% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What's Golem's price range history?
All-Time High (ATH): $1.25
All-Time Low (ATL): $0.008797
Golem is currently trading ~87.70% below its ATH
and has appreciated +2,088% from its ATL.
What's Golem's current market capitalization?
Golem's market cap is approximately $154 164 857.00, ranking it #219 globally by market size. This figure is calculated based on its circulating supply of 1 000 000 000 GLM tokens.
How is Golem performing compared to the broader crypto market?
Over the past 7 days, Golem has declined by 14.19%, underperforming the overall crypto market which posted a 6.44% gain. This indicates a temporary lag in GLM's price action relative to the broader market momentum.
Trends Market Overview
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762.06%
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115.65%
#1789
89.99%
#661
83.41%
#1559
59.36%
#1203
-47.59%
#476
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#1187
-25.14%
#1182
-21.38%
#1327
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#1
6.17%
#7093
5.59%
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Golem Basics
| Whitepaper |
|---|
| Development status | Beta version |
|---|---|
| Org. Structure | Centralized |
| Open Source | Yes |
| Consensus Mechanism | Not mineable |
| Algorithm | None |
| Hardware wallet | Yes |
| Website | golem.network |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (2) | etherscan.io polygonscan.com |
|---|
| Tags |
|
|---|
| Blog | blog.golemproject.net |
|---|---|
| facebook.com | |
| Faq | github.com |
| reddit.com |
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Golem Team
Golem Exchanges
Golem Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Golem
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 79 | Filecoin FIL | $828 635 905 | $1.098752 | $197 386 997 | 754,161,058 | |||
| 276 | Quantum Resistant Ledger QRL | $98 857 937 | $1.46 | $72 144.87 | 67,937,170 | |||
| 347 | Holo HOT | $68 999 526 | $0.000388 | $10 828 114 | 177,619,433,541 | |||
| 366 | Siacoin SC | $63 599 125 | $0.001135 | $4 385 510 | 56,025,636,522 | |||
| 367 | aelf ELF | $63 682 181 | $0.077771 | $897 417 | 818,846,262 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 54 | Ethereum Classic ETC | $1 453 777 847 | $9.34 | $118 586 844 | 155,674,081 | |||
| 286 | Qtum QTUM | $95 195 893 | $0.949564 | $10 195 722 | 100,252,202 | |||
| 463 | Constellation DAG | $43 939 757 | $0.012377 | $714 693 | 3,549,997,434 | |||
| 493 | Enjin Coin ENJ | $40 015 113 | $0.020667 | $6 742 957 | 1,936,215,973 | |||
| 816 | Elastos ELA | $13 672 100 | $0.611938 | $429 564 | 22,342,297 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 5 | BNB BNB | $86 904 379 379 | $624.38 | $1 305 670 873 | 139,184,442 | |||
| 64 | KuCoin Token KCS | $1 166 926 772 | $8.83 | $3 167 949 | 132,155,022 | |||
| 186 | SwissBorg BORG | $201 885 959 | $0.205225 | $545 344 | 983,729,858 | |||
| 191 | THETA THETA | $197 727 815 | $0.197728 | $6 660 784 | 1,000,000,000 | |||
| 192 | Decentraland MANA | $195 527 712 | $0.100670 | $11 680 846 | 1,942,255,184 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 47 | BitTensor TAO | $1 750 808 999 | $182.42 | $92 163 829 | 9,597,491 | |||
| 55 | Near Protocol NEAR | $1 339 984 948 | $1.130631 | $167 371 748 | 1,185,165,436 | |||
| 84 | Render RENDER | $777 774 855 | $1.50 | $31 560 903 | 517,690,747 | |||
| 109 | Virtuals Protocol VIRTUAL | $451 619 716 | $0.696305 | $110 647 651 | 648,594,347 | |||
| 112 | Artificial Superintelligence Alliance FET | $440 836 212 | $0.168905 | $32 160 041 | 2,609,959,126 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 508 924 718 | $1.000500 | $61 631 871 559 | 177,420,277,588 | |||
| 6 | USDC USDC | $75 251 972 269 | $1.000430 | $12 639 270 354 | 75,219,623,134 | |||
| 14 | Wrapped Bitcoin WBTC | $8 910 811 558 | $67 929.16 | $357 651 016 | 131,178 | |||
| 15 | Wrapped Liquid Staked Ether 2.0 WSTETH | $8 898 969 108 | $2 502.71 | $9 420 111 | 3,555,731 | |||
| 18 | WETH WETH | $7 684 643 296 | $2 040.59 | $703 208 904 | 3,765,896 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 47 | BitTensor TAO | $1 750 808 999 | $182.42 | $92 163 829 | 9,597,491 | |||
| 191 | THETA THETA | $197 727 815 | $0.197728 | $6 660 784 | 1,000,000,000 | |||
| 213 | OriginTrail TRAC | $164 524 797 | $0.329053 | $1 524 404 | 499,995,033 | |||
| 269 | Theta Fuel TFUEL | $103 280 300 | $0.014263 | $2 560 510 | 7,241,188,710 | |||
| 293 | Akash Network AKT | $92 888 251 | $0.321698 | $3 199 050 | 288,743,699 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 84 | Render RENDER | $777 774 855 | $1.50 | $31 560 903 | 517,690,747 | |||
| 112 | Artificial Superintelligence Alliance FET | $440 836 212 | $0.168905 | $32 160 041 | 2,609,959,126 | |||
| 158 | The Graph GRT | $268 539 799 | $0.028124 | $14 665 963 | 9,548,531,509 | |||
| 191 | THETA THETA | $197 727 815 | $0.197728 | $6 660 784 | 1,000,000,000 | |||
| 213 | OriginTrail TRAC | $164 524 797 | $0.329053 | $1 524 404 | 499,995,033 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 79 | Filecoin FIL | $828 635 905 | $1.098752 | $197 386 997 | 754,161,058 | |||
| 84 | Render RENDER | $777 774 855 | $1.50 | $31 560 903 | 517,690,747 | |||
| 135 | BitTorrent BTT | $332 976 542 | $0.000000 | $6 526 173 | 987,037,885,840,675 | |||
| 158 | The Graph GRT | $268 539 799 | $0.028124 | $14 665 963 | 9,548,531,509 | |||
| 165 | IOTA IOTA | $258 049 997 | $0.070688 | $5 178 703 | 3,650,535,129 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 11 | Cardano ADA | $11 336 188 894 | $0.294814 | $592 150 540 | 38,451,959,435 | |||
| 31 | Avalanche AVAX | $4 130 424 687 | $9.78 | $546 666 880 | 422,275,285 | |||
| 34 | Sui SUI | $3 691 168 726 | $0.959699 | $479 470 816 | 3,846,172,527 | |||
| 45 | Aave AAVE | $1 834 036 629 | $121.68 | $312 016 381 | 15,073,211 | |||
| 54 | Ethereum Classic ETC | $1 453 777 847 | $9.34 | $118 586 844 | 155,674,081 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 165 | IOTA IOTA | $258 049 997 | $0.070688 | $5 178 703 | 3,650,535,129 | |||
| 168 | Helium HNT | $252 341 847 | $1.42 | $14 941 502 | 177,394,590 | |||
| 186 | SwissBorg BORG | $201 885 959 | $0.205225 | $545 344 | 983,729,858 | |||
| 392 | XYO XYO | $58 917 896 | $0.004229 | $4 412 847 | 13,931,216,938 | |||
| 450 | IoTeX IOTX | $45 603 603 | $0.004830 | $1 830 902 | 9,441,368,979 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $245 874 475 900 | $2 041.70 | $18 169 415 441 | 120,426,316 | |||
| 5 | BNB BNB | $86 904 379 379 | $624.38 | $1 305 670 873 | 139,184,442 | |||
| 7 | Solana SOL | $49 778 023 659 | $87.52 | $3 888 779 486 | 568,788,248 | |||
| 8 | TRON TRX | $24 629 587 483 | $0.285186 | $605 568 900 | 86,363,298,503 | |||
| 11 | Cardano ADA | $11 336 188 894 | $0.294814 | $592 150 540 | 38,451,959,435 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 361 272 644 144 | $68 081.67 | $37 183 394 118 | 19,994,700 | |||
| 4 | XRP XRP | $88 221 450 586 | $1.45 | $2 887 582 741 | 61,018,583,977 | |||
| 10 | Dogecoin DOGE | $15 295 295 604 | $0.102551 | $1 258 901 349 | 149,147,696,384 | |||
| 12 | Bitcoin Cash BCH | $10 191 243 341 | $513.00 | $381 225 992 | 19,865,787 | |||
| 43 | Cronos CRO | $2 103 252 233 | $0.079154 | $10 935 745 | 26,571,560,696 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 508 924 718 | $1.000500 | $61 631 871 559 | 177,420,277,588 | |||
| 6 | USDC USDC | $75 251 972 269 | $1.000430 | $12 639 270 354 | 75,219,623,134 | |||
| 9 | Lido Staked Ether STETH | $19 968 528 709 | $2 038.77 | $28 717 453 | 9,794,399 | |||
| 14 | Wrapped Bitcoin WBTC | $8 910 811 558 | $67 929.16 | $357 651 016 | 131,178 | |||
| 15 | Wrapped Liquid Staked Ether 2.0 WSTETH | $8 898 969 108 | $2 502.71 | $9 420 111 | 3,555,731 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 8 | TRON TRX | $24 629 587 483 | $0.285186 | $605 568 900 | 86,363,298,503 | |||
| 47 | BitTensor TAO | $1 750 808 999 | $182.42 | $92 163 829 | 9,597,491 | |||
| 58 | Internet Computer ICP | $1 302 640 497 | $2.37 | $61 426 913 | 549,309,228 | |||
| 79 | Filecoin FIL | $828 635 905 | $1.098752 | $197 386 997 | 754,161,058 | |||
| 132 | Gnosis GNO | $337 623 310 | $130.38 | $1 232 496 | 2,589,588 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
Golem



