GLM +244.65% in 24 Hours Amid Major Network Upgrades and Ecosystem Expansion

On AUG 9 2025, GLM rose by 244.65% within 24 hours to reach $0.2616, GLM rose by 1101.91% within 7 days, rose by 387.6% within 1 month, and dropped by 2717.39% within 1 year.

Major Network Enhancements Drive Short-Term Volatility

GLM experienced a sharp rise in the past 24 hours amid the activation of a major network upgrade. The protocol introduced enhancements to its consensus layer and improved transaction finality times. These changes are expected to reduce latency and improve scalability for dApps on the GLM network. The upgrade was accompanied by a public demonstration of the new consensus layer, which showed a significant reduction in block confirmation times.

Expansion of DeFi and NFT Ecosystem

The GLM team has announced the integration of several new DeFi protocols and NFT platforms into its ecosystem. These additions are part of a broader strategy to increase the token’s utility and adoption. New lending and staking platforms are now live, with the first wave of liquidity incentives already being distributed to early participants. The NFT integration is designed to allow developers to build on-chain assets that are fully interoperable with existing GLM-based protocols.

Developer Activity Surpasses Historical Levels

Recent data shows a marked increase in on-chain developer activity. New smart contracts are being deployed at a rate that exceeds prior months, with a focus on cross-chain bridges and automated market makers (AMMs). The GLM Foundation has also announced a new grant program to support open-source development and community-driven initiatives. This surge in activity has been widely seen as a sign of confidence in the platform’s long-term viability.

Community Governance and Tokenomics Adjustments

A recent on-chain governance vote approved a set of tokenomics adjustments aimed at aligning long-term incentives with protocol growth. Key changes include the reallocation of a portion of transaction fees to a community treasury, and the introduction of a dynamic burn mechanism that adjusts based on network usage. These changes are intended to stabilize GLM’s supply and increase the token’s scarcity over time.

Analysts Project Continued Momentum in the Short Term

Analysts project that GLM’s recent momentum is likely to continue in the near term, given the combination of technical upgrades and ecosystem expansion. However, long-term sustainability will depend on the success of on-chain adoption and continued developer participation. Several on-chain metrics, including daily active addresses and total value locked, have already shown signs of improvement over the past month.