LavaSwap Hits $10M TVL in Just One Hour of Launch

  • Uniswap even surpassed Coinbase Pro in daily volume! (Source)
    - SushiSwap took the same concept and made it more accessible and democratic:
    - SushiSwap is a fork of Uniswap with some key differences — most notably, the SUSHI token. The token had two functions at launch: entitling holders to governance rights and a portion of the fees paid to the protocol. In a simplified way, SUSHI holders “own” the protocol. (Source)
    - Another important DEX is PancakeSwap, built on the Binance Smart Chain.
    - The developers of PancakeSwap cite high fees and slower speeds of the Ethereum blockchain as a driving factor in building on Binance Smart Chain. Ethereum may have kick-started the DeFi trend, but initiatives like PancakeSwap suggest that the wave of innovation is destined to spread to other chains. (Source)
    Lava is poised for massive growth built on HECO
    - LavaSwap is built on top of Huobi ECO Chain (HECO) for many of the same reasons PancakeSwap was built on top of BSC: lower fess, faster speeds and a huge ecosystem (although HECO is faster and cheaper than BSC). HECO is also created in association with Huobi, leveraginfg the massive community of one of the largest cryptocurrency exchanges with an estimated $5B daily trading volume.

--

--

--

Information Technology Worker

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

AMA-How blockchain can help 5G “New Infrastructure” and unlock new scenarios for the Internet of…

Monsta Baking & Staking Release

Comparison: NFT API providers

Why Increased Scrutiny is Good for ICOs & the Industries they Disrupt

Understanding The Analogy Between Blockchain And Wikipedia

M5 Easy steps to launch your great Blockchain Mobile apps

Introducing kCompound

GreenEOSIO — WAX Blockchain Guild Candidacy

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Best John

Best John

Information Technology Worker

More from Medium

BlackPearl.Chain’s

Have a game against a star in your favorite!The capital-hot FTP is about to go online!

Become the strongest Sprite trainer! GameFi Sprite Kingdom will satisfy your collecting addiction

What is JASMY, and is it worth investing in?