IP Crypto Surges Following Successful Mainnet Launch and Exchange Listings

IP cryptocurrency has experienced a remarkable surge of up to 81.4% in trading value over the past 24 hours, primarily driven by its recent mainnet launch and subsequent listings on various cryptocurrency exchanges. The project, which aims to innovate the intellectual property sector, saw its token, known as Story, reach an intraday peak of $2.16 on February 14. As reported by CoinGecko, this surge in value has propelled the token’s market capitalization to approximately $456 million.

Unprecedented Trading Volume

The rally in IP’s value has been accompanied by an explosive increase in trading activity, with daily trading volume skyrocketing by over 400,000% to around $347 million. This sharp increase highlights strong market interest in the token, making it one of the standout assets within the crypto scene on that day. As of the time of writing, IP was trending on CoinGecko, showcasing its popularity amongst traders and investors.

Mainnet Launch and Token Generation Event

Much of the gains witnessed by IP can be attributed to the official launch of Story Protocol’s public mainnet, which follows a rigorous nearly six-month testnet phase. This pivotal event coincided with the Token Generation Event (TGE) for the native token, IP, which resulted in the release of more than 1 billion tokens into circulation. Reports indicate that approximately 25% of this initial supply has been unlocked, with 58.4% of the tokens earmarked for ecosystem development, community initiatives, the foundation, and initial incentive programs.

Exchange Listings and Market Growth

Following the mainnet’s rollout, IP successfully secured listings on several top-tier centralized exchanges, including well-known platforms such as Coinbase, OKX, KuCoin, Bybit, Bitget, and Bithumb. Notably, Binance has also announced the listing of the IP/USDT perpetual contract, allowing trading with leverage of up to 25 times.

According to data from CoinGlass, open interest in the IP futures market has surged dramatically, escalating from $92,200 to an impressive over $90 million within the same timeframe. This surge reflects growing confidence among investors and traders in the token’s future potential.

What is Story Protocol?

Story Protocol represents a groundbreaking Layer-1 blockchain system designed to bring significant advancements to the $61 trillion intellectual property market. The protocol establishes a decentralized and programmable framework that simplifies the management, trading, and monetization of creative assets.

At its foundation, Story Protocol enables intellectual property (IP) holders—including creators, brands, and AI-integrated products—to register, tokenize, and govern their digital content on the blockchain. Users can customize rules for licensing, modification, and monetization of their IP, offering a flexible approach to digital asset management.

The IP token functions as the central currency within this ecosystem, facilitating transactions, governance, and rewarding creators. Developers are encouraged to build on the network, fostering applications such as AI tools, licensing platforms, and decentralized IP marketplaces.

Story Protocol has garnered significant investment, raising $140 million from notable investors, including a16z and Samsung Next, further establishing its credibility and growth potential in the competitive blockchain landscape.

As the story of Story Protocol continues to unfold, its recent achievements signal a pivotal moment for both the project and the broader cryptographic market. The combination of innovative technology and strategic investor confidence positions IP for future growth and success in the digital economy.