On September 19, COINOTAG reported significant activity in the crypto sector as Gate.io initiated the trading of Aleo (ALEO) at 00:00 (UTC+8). By 10:00 on the same day, Aleo’s transaction volume surpassed 5.2 million, with a transaction value exceeding 20 million USDT, showcasing an impressive growth rate of over 1000%. Aleo is recognized as an advanced developer platform designed for creating highly private, scalable, and cost-efficient applications. Utilizing zero-knowledge cryptography, Aleo facilitates off-chain smart contract execution, thereby supporting a multitude of decentralized applications. These applications benefit from complete privacy and can manage thousands of transactions per second, setting a new standard in blockchain technology.
Source: https://en.coinotag.com/breakingnews/gate-io-launches-aleo-aleo-trading-volume-exceeds-5-2m-with-1000-surge/