SolidLizard TVL and Trading Volume Increase Tenfold in a Week
It is reported that according to DeFiLlama data, in the past week, Arbitrum ecological native Dex SolidLizard TVL and trading volume have increased tenfold.<br…
It is reported that according to DeFiLlama data, in the past week, Arbitrum ecological native Dex SolidLizard TVL and trading volume have increased tenfold.
Data: The transaction volume of Arbitrum Ecological Native Dex Solid Wizard in the past 24 hours exceeded 12 million dollars
Interpretation of the news:
The decentralized finance (DeFi) market has been rapidly expanding with more users and investments yielding increased revenues. DeFiLlama, a well-known DeFi analytics and ranking platform, recently reported that in the past week, SolidLizard’s total value locked (TVL) and trading volume had increased tenfold, according to Arbitrum’s data. This increase in TVL and trading volume is a positive development for SolidLizard, which is a DeFi ecosystem-native decentralized exchange (DEX) platform designed to enable users to trade digital assets and earn rewards simultaneously.
The increase in SolidLizard’s TVL and trading volume is significant since it indicates an increasing number of users and investors have found the platform to be a viable option for their DeFi trading activities. TVL represents the total amount of funds locked in a DeFi platform, and an increased value suggests that users have more confidence in the platform’s reliability and security.
SolidLizard’s increase in trading volume is also noteworthy, as it implies that users are actively engaging in trading activities on the platform. Trading volume measures the total amount of trading activity occurring on a platform, and an increase in the metric indicates that users are taking advantage of the platform’s low fees and high liquidity to trade more assets.
Furthermore, the tenfold increase in SolidLizard’s TVL and trading volume could be attributed to the recent surge of interest in the DeFi ecosystem overall. As more users become aware of the potential for high returns and minimal fees in DeFi, more investments are likely to pour into various DeFi platforms, causing growth and increased activity for the space as a whole.
In conclusion, the tenfold increase in SolidLizard’s TVL and trading volume reported by DeFiLlama indicates that the platform is gaining traction in the DeFi ecosystem. SolidLizard’s emphasis on user rewards and incentives may be driving user adoption on the platform. As DeFi continues to attract more users, platforms like SolidLizard may become more vital to the community.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/2291/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The Steady Influence of the Encryption Industry on US Federal Lobbying
On February 17, it was reported that in the fourth quarter of 2022, stakeholders and associated companies in the encryption industry spent about US $7 million …
-
Bitcoin’s dominance hits nine-month high amid cryptocurrency market shifts
According to reports, according to data from Trading View, Bitcoin’s dominant position (BTC’s market share in the entire encryption market) has reached a nine month high of 45.5%. The last time it reached 45% or more was on June 25, 2022. Bitcoin’s dominance rose to 45.5%, reaching a 9-month high Analysis based on this information:Bitcoin’s dominance in the cryptocurrency market has surpassed a nine-month high of 45.5%, reveals data from Trading View. This figure shows that the market share of Bitcoin, the first cryptocurrency that created a buzz globally, has increased despite the emergence of new altcoins. The last time Bitcoin’s dominance was at such a high level was on June 25, 2022. Currently, the market capitalization of Bitcoin is about $1.1 trillion, with a trading value of $60,000, as of the time of writing. This trend suggests that there’s been a shift in the global cryptocurrency market in recent times, with Bitcoin regaining its position as the default/crypto standard….
-
Federal Reserve Swap Transaction Hints at Possible June Interest Rate Hike
It is reported that the swap transaction of the Federal Reserve shows that the probability of the Federal Reserve raising interest rates in June is close to 50…
-
The Challenges of Building a Hybrid Exchange: Insights from Coin An’s CEO
On April 5th, Zhao Changpeng, CEO of Coin An, stated on social media that the current blockchain throughput cannot make Coin An a \”hybrid exchange\”. He stated that this is easier s
-
What currency is zil (What currency is zll)
What currency is zil? According to the official introduction of zil, zil is a f
-
Why Bitcoin Will Prevail Despite the US Government’s Attack
On March 24th, Alex Gladstein, Chief Strategic Officer (CSO) of the Human Rights Foundation (HRF), believed that despite the \”attack\” by the US government, Bitcoin would still beco
-
Ipaymy and TripleA Partner to Offer Simplified Payment Solutions
On March 30th, the Singapore based fee payment platform Ipaymy announced a new partnership with TripleA. With TripleA\’s white label encryption solution, Ipaymy provides a simplifie
-
What does anx International mean?
What does anx International mean? What does anx International mean? Anx Internat
-
Binance Launches Its 32nd New Currency Mining Project with BNB and TUSD to Mine Radiant Capital (RDNT)
On March 30th, according to official news, Binance launched its 32nd issue of new currency mining, using BNB and TUSD to mine Radiant Capital (RDNT). Users can invest BNB and TUSD
-
Circle Destroys Over 2.34 Billion Dollars’ Worth of USDC
According to reports, Nansen, a blockchain analysis company, tweeted that Circle had destroyed USDC worth 2.34 billion dollars in the past 24 hours, of which 7…
-
Poolz Finance Explorer Transfers $391,600 to Tornado Cash
According to reports, according to CertiK monitoring, the black address 0x190Cd marked as “Poolz Finance Explorer” by Bscscan has transferred funds to Tornado Cash. To date, Poolz Finance attackers have transferred 1184 BNBs (approximately $391600). The black address marked “Poolz Finance Explorer” by Bscscan has transferred funds to Tornado Cash Analysis based on this information:According to recent reports, CertiK monitoring has revealed that the black address 0x190Cd, marked as “Poolz Finance Explorer” by Bscscan, has on 24th May transferred funds to Tornado Cash. The incident has once again brought the security of the DeFi space under scrutiny, and it is important to decipher what it means for the crypto industry. Before we analyze the implication of the event, it is essential to understand the background of the two platforms involved in the transfer. Poolz Finance is a decentralized swap platform that enables investors to take part in private pre-sales. The platform had experienced a cyber attack in mid-April, which compromised…
-
Unemployment Rate in the United States Hitting New Lows, Igniting Dollar and Stock Trading
According to reports, the unemployment rate in the United States recorded 3.5% in March, a new low since January this year. After the release of US non farm data, the US dollar ind
-
Coinglas Report Reveals Significant Net Exposure in Cryptocurrency Market
According to the report, according to the data of Coinglas, the total net exposure in the past 24 hours was US $170 million, of which ETH exposure was US $22.0…
-
Understanding the Role of Stable Currency in Payments: The Importance of Legislation
It is reported that, according to Circle\’s official blog, the issuer of the USDC stable currency attended the hearing on Understanding the Role of Stable Currency in Payment and th
-
Adidas’ Entry Into The Metaverse through NFTs in Berlin
On March 7, Adidas\’ NFT project Indigo Herz tweeted that Adidas would hold the Into the Metaverse (ITM) event in Berlin, Germany, on March 25. ITM NFT holders …
-
On-Chain Data Reveals Arbitrum’s March 22 Transactions Surpass Ethereum’s Main Network and Optimism Combined
According to reports, on-chain data shows that the number of transactions of Arbitrum on March 22 exceeded 1.21 million, a record high, while surpassing the 1.08 million transactio