Key facts
- Yellow Network's token YELLOW surged nearly 200% in 24 hours.
- The token reached an all-time high of $0.146.
- Yellow Network focuses on fee-free AI-to-AI settlements using XRP Ledger.
- Chris Larsen backed Yellow Network with $10 million in 2024.
- Trading volume for YELLOW increased by 310%.
The crypto token YELLOW, associated with the Yellow Network and backed by Ripple executive chairman Chris Larsen, has seen a significant price surge of nearly 200% in the last 24 hours, reaching an all-time high of $0.146. This rally is attributed to the project's focus on providing a fee-free settlement infrastructure for AI agents, leveraging XRP Ledger technology. Yellow Network aims to bridge settlement and trust gaps in agentic payments by combining off-chain channels with on-chain XRP settlement. The project, which received $10 million from Chris Larsen in 2024, utilizes the Nitrolite protocol for real-time, non-custodial transaction processing across various networks including Base, Arbitrum, and Polygon. Despite the surge in YELLOW's price and trading volume, XRP itself experienced a 2% decline amid broader market selloffs.