What's Going On With EOS Cryptocurrency?

The token of EOS (EOS), a decentralized applications, or DApp, centered platform aimed at developers, traded nearly 50% higher on Tuesday night.

What Happened: EOS traded 48.43% higher at $13.82 at press time and is up 107.11% in a seven-day trailing period.

See Also: How to Buy EOS (EOS)

EOS saw the most gains in a 24-hour period among the list of cryptocurrencies arranged by CoinMarketCap.

Other significant gainers in the period included yearn.finance (YFI) and Polygon (MATIC), both of which shot up 45.71% and 24.05% and were trading at $88,347.95 and $1.07 respectively. In comparison, Bitcoin (BTC) traded 3% higher at $57,238.81.

Block.one, the company associated with EOS, announced the launch of Bullish Global — a new cryptocurrency exchange, as per a statement.

Investors in the new cryptocurrency exchange include PayPal Holdings Inc PYPL co-founder Peter Thiel, Hong Kong billionaire and Chairman of PCCW Ltd PCCWY PCWLF Richard Li and Nomura Holdings, Inc’s NMR investment bank unit. 

Lately, Ethereum (ETH), which is known for its DApp capabilities, hit a series of all-time highs, the latest on May 10 when it touched $4,197.47. ETH traded 8.25% higher at $4,182.57.

Read Next: What's Driving The Ethereum Rally?