The OasisDEX has been released and is one of the first decentralized exchanges on Ethereum. The founders aim to change commerce as we know it and provide a truly fair marketplace without control from central authorities or intermediaries.
The “oasis tvl” is a decentralized exchange that reached $100 million TVL in one day. The project was crowdfunded through the Oasis Protocol ICO and will launch on October 1 of this year.
YuzuSwap, a decentralized exchange (DEX), has just been added to Oasis Network. Though it’s only been two days since the new project’s launch on January 11, it has already gained a lot of traction. There is a great need for DeFi protocols in the Oasis ecosystem, as evidenced by the increase in popularity, usage and TVL.
YuzuSwap hit $100 million TVL on day one after debuting, according to the exchange’s announcement on Wednesday, January 12. The reading volume itself rose to $323 million in the same year, marking a significant milestone.
Success for YuzuSwap is not the only positive development for Oasis Network.
The first DEX on Oasis Network, YuzuSwap, was created using the Emerald smart contract ecosystem. Emerald is known for being fully EVM compliant, allowing the DEX to use a P2P AMM to give users access to low-cost token exchanges on Ethereum and within the Oasis ecosystem. It also accepts token and NFT transfers from six other major networks.
It is also noteworthy that YuzuSwap went live on the same day that Binance Labs, the venture capital division of the Binance exchange, announced its investment in Oasis Network. Binance Labs has made a specific investment in the network’s $200 million development fund. Other major venture capital firms, such as Dragonfly Capital, Hashed and Jump Capital, support the Oasis Ecosystem Fund. The money will be used to kick-start Oasis Network initiatives and foster innovation and development in the ecosystem.
In addition to this significant investment, the opening of the new DEX has also contributed to the expansion of Oasis Network’s original coin. This caused the price of the token, ROSE, to rise 14.2 percent. The launch of the new DEX, in addition to this major investment, also contributed to the growth of Oasis Network’s native token. The token, ROSE, shot up 14.2% as a result, reaching the price of $0.49 in the first 24 hours. Since then, it has risen even higher, reaching $0.5261 on Thursday, January 13..49 in the first 24 hours. After that, the price rose even more, so the launch of the new DEX, in addition to this major investment, also contributed to the native token growth of Oasis Network. The token, ROSE, shot up 14.2% as a result, reaching the price of $0.49 in the first 24 hours. Since then, it has risen even higher, reaching the price of $0.5261 on Thursday, January 13..5261 on January 13.
DeFi is still booming in 2022.
The token rose by more than 43% in the last two weeks, 32% in the previous week and more than 70% in the previous month, demonstrating that there is a lot of interest in the network and its token.
Since it launched in mid-2020, the DeFi industry has expanded rapidly. It encompasses a wide range of initiatives targeting various investment and decentralized banking related activities, including lending, lending and borrowing, yield farming and more, but the main protocols are still decentralized exchanges.
According to yesterday’s statistics, 14 decentralized exchanges have reached a TVL of at least $1 billion. Of course, they’re not alone, as the DeFi industry grew to $239.6 billion yesterday, Jan. 12, after rising 5.5 percent. In terms of asset value staked, the ATH was reached in December 2021. It has since fallen, but while it was very close to $260 billion at the time, it is possible that this record will be surpassed in the coming weeks and months.
The “oasis network backers” is a decentralized exchange that allows users to trade cryptocurrencies. The stock market reached $100 million TVL in one day.
Related Tags
- oasis network dex
- tvl crypto
- oasis network price forecast
- oasis exchange token
- yuzuswap
