- Audius is a decentralized music streaming platform
- After gaining 3 million active users, Audius hits a new all-time high
- Developers hint at future non-fungible tokens integrations
The decentralized music streaming platform Audius (AUDIO) hit a new all-time high. The event happened right when the platform reached 3 million active users.
Back in 2020, Audius received a $1.25 million investment from Binance Labs. Back then, Binance also listed AUDIO in their exchange.
In the same year, Audius also sent 50 million AUDIO tokens to its top musicians and fans. The lineup included big names like deadmau5, RAC, and Skrillex.
Now, data shows that the price of AUDIO surged 108% at the beginning of March. It started from a low of $0.38 to a new all-time high of $0.79.
Additionally, AUDIO’s trading volume went up from $3 million to $55 million — which is a record high.
Audius, as a project, presents itself as a decentralized streaming protocol. This project aims to fill the gaps within the music industry. Experts compare the music platform to SoundCloud, which is also a music platform that has a similar focus.
AUDIO can be traded in exchanges like Binance, Uniswap, Hotbit, and FTX.
This article first published on coinquora.com