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Wombex @WombexFinance has been making significant strides in recent weeks, establishing themselves as a force to be reckoned with in the world of #DeFi
I witnessed that team has been very active since its launch on @arbitrum
A recap of the most important milestones till now 👇
I witnessed that team has been very active since its launch on @arbitrum
A recap of the most important milestones till now 👇
1⃣ New Pools Added
🔹On April 8th, @WombexFinance pools were added to @DeBankDeFi, followed by new pools & yields added to @DefiLlama on April 12th
🔹On the same day, #Wombex added $BOB, $Frax, $MAI, and $MIM pools to the #Arbitrum Dapp
🔹On April 8th, @WombexFinance pools were added to @DeBankDeFi, followed by new pools & yields added to @DefiLlama on April 12th
🔹On the same day, #Wombex added $BOB, $Frax, $MAI, and $MIM pools to the #Arbitrum Dapp
2⃣ Increasing TVL
🔹Just a day later on April 9th, #Wombex joined #Arbitrum X @WombatExchange AMA on Twitter, which helped to increase its visibility
🔹By April 29th, #Wombex had passed a total of $70M TVL on its platform, indicating strong growth & adoption
🔹Just a day later on April 9th, #Wombex joined #Arbitrum X @WombatExchange AMA on Twitter, which helped to increase its visibility
🔹By April 29th, #Wombex had passed a total of $70M TVL on its platform, indicating strong growth & adoption
The active addresses market cap on #BNBChain has been steadily increasing over the past 90 days, hitting 61% as of Nov 7th.
[dune.com/David_C/multic……]
#TVL market share also reached 9.39%, up from 8.17% since August.
A quick thread on what is driving this traction
[1/11] 🧵
[dune.com/David_C/multic……]
#TVL market share also reached 9.39%, up from 8.17% since August.
A quick thread on what is driving this traction
[1/11] 🧵
These metrics appear to be driven in particular by increased traction (not exhaustive) in the following verticals:
#DeFi: Liquid Staking, Wombat Ecosystem
#GameFi and #SocialFi: Hooked, GameTa
[2/11]
#DeFi: Liquid Staking, Wombat Ecosystem
#GameFi and #SocialFi: Hooked, GameTa
[2/11]
BNB Chain’s recent Active Address market share has seen a spike to the following:
Increased traction in the #GameFi and #NFT sector, with new #dApps like @Gameta_Official, @HookedProtocol, @tinyworldgamefi, @P12, enjoying huge popularity among users.
[3/11}
Increased traction in the #GameFi and #NFT sector, with new #dApps like @Gameta_Official, @HookedProtocol, @tinyworldgamefi, @P12, enjoying huge popularity among users.
[3/11}
1/ In less than 3 mos., @WombatExchange firmly sits at #3 in the list of DEXes on #BNBChain, with an ATH TVL of US$220m.
A $10m swap only incurs $4.7k slippage vs $2.5m on #Pancakeswap.
How is this possible?
🧵A thread on how Wombat is re-engineering the stableswap experience
A $10m swap only incurs $4.7k slippage vs $2.5m on #Pancakeswap.
How is this possible?
🧵A thread on how Wombat is re-engineering the stableswap experience
2/ What is @WombatExchange?
Wombat is a low slippage, hyper efficient stableswap built on #BNBChain. Its TVL currently sits at US$178m, comprised of stablecoins and $BNB liquid staking derivatives.
Wombat is a low slippage, hyper efficient stableswap built on #BNBChain. Its TVL currently sits at US$178m, comprised of stablecoins and $BNB liquid staking derivatives.
