Pillar

PLR Price

About Pillar (PLR)

Pillar is a community-governed, non-custodial cryptocurrency wallet designed to simplify DeFi interactions across multiple blockchain networks.

• The wallet utilizes account abstraction technology to allow users to pay for network fees using stablecoins instead of native chain assets.
• Users can manage assets across several blockchains, including Ethereum, BNB Chain, and Polygon, using a single unified address.
• The PLR token serves as the governance mechanism, enabling the community to participate in the project's decision-making process.

What Is Pillar

Pillar is a smart contract based wallet that aims to provide a secure and simplified gateway to decentralized finance. It facilitates value movement by allowing users to store, swap, and manage assets across various Layer 2 networks and sidechains within a single interface.

The PLR token is an application utility token put to work through governance, where holders can vote on protocol updates and ecosystem developments. It also functions as a utility token within the wallet's service ecosystem. The platform scales by integrating new networks and leveraging account abstraction to lower the barrier to entry for cross-chain transactions.

What Makes Pillar Unique

• Account Abstraction Integration: Pillar uses smart contract accounts to offer features like social recovery and the ability to pay transaction fees in non-native tokens.
• Unified Multi-chain Address: Unlike many wallets that require different addresses for different chains, Pillar provides a single address across all supported networks.
• Community Governance: The project is run by its community of token holders, ensuring that the wallet's development aligns with user needs.
• Integrated Cross-chain Swaps: The wallet includes built-in tools for moving and exchanging assets between different blockchains without requiring external bridges.

What Can You Use Pillar for?

• Cross-chain Asset Management: Store and monitor tokens across multiple networks from a single dashboard.
• DeFi Interactions: Swap tokens and interact with decentralized applications directly through the integrated in-app browser.
• Stablecoin Gas Payments: Pay for transaction fees on supported networks using stablecoins, removing the need to hold multiple native gas tokens.
• Governance Participation: Use PLR tokens to vote on proposals and influence the future direction of the Pillar ecosystem.

How Does Pillar Work?

Pillar operates as a non-custodial smart contract wallet, meaning users retain full control of their private keys while benefiting from the programmability of smart contracts. The wallet employs account abstraction, a method that turns user accounts into smart contracts, which enables advanced security features and flexible fee payments.

When performing transactions, the system can route protocol service fees through its smart contract infrastructure, allowing for the substitution of native gas with other assets. The infrastructure is open-source, allowing for transparent verification of the wallet's security and functionality.

Team Info and Investors

Pillar was launched following a community-driven initiative in 2017, originating from the Pillar Project. The project transitioned to a community-run model, where governance is handled by PLR token holders via a decentralized structure. While the initial launch involved early backers and a public token sale, the current development is overseen by the Pillar community and its governance framework. The source does not specify current individual team members or specific venture capital investors.

Where can you buy Pillar?

PLR tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Pillar is Uniswap V2 (Ethereum), where the most active trading pair PLR/WETH has a trading volume of $40.09 in the last 24 hours.

What is the daily trading volume of Pillar (PLR)?

The trading volume of Pillar (PLR) is $11.26 in the last 24 hours, representing a -49.70% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Pillar (PLR)?

Pillar (PLR) reached an all-time high of $1.56 and an all-time low of $0.0003017. It’s now trading -100.00% below that peak and 130.10% above its lowest price.

What is the market cap of Pillar (PLR)?

Market capitalization of Pillar (PLR) is $180,048 and is ranked #5075 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of PLR tokens (260 Million tokens are tradable on the market today).

What is the fully diluted valuation of Pillar (PLR)?

The fully diluted valuation (FDV) of Pillar (PLR) is $555,385. This is a statistical representation of the maximum market cap, assuming the maximum number of 800 Million PLR tokens are in circulation today. Depending on how the emission schedule of PLR tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Pillar compare against its peers?

With a price decline of -0.30% in the last 7 days, Pillar (PLR) is underperforming the global cryptocurrency market which is down -0.10%, while outperforming when compared to similar Governance cryptocurrencies which are down -2.10%.

How to add Pillar (PLR) to MetaMask?

Adding Pillar (PLR) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import PLR as a token. You can copy PLR’s contract address (0xe3818504c1b32bf1557b16c238b2e01fd3149c17) and import it manually, or if you've installed MetaMask's chrome extension, add PLR to MetaMask with one click on CoinGecko.

Add PLR to MetaMask.