Bit Digital - Sponsor Image Bit Digital - ETH treasury combining ETH staking with AI compute. Friend & Sponsor Learn more

DeFi Winning Big on Memecoin Frenzy

Memecoin mania is driving massive swap volumes, pushing up DEX aggregator tokens.
DeFi Winning Big on Memecoin Frenzy
0
0

Subscribe to Bankless or sign in

A flurry of speculative trading activity on Ethereum and its L2s has increased swap volumes, benefiting the tokens behind the ecosystem’s DEX aggregators!

0x Protocol’s ZRX has been at the forefront of this volume-led rally, but the fundamentals suggest an overlooked contender should be capturing traders’ attention. Which DEX aggregator token could be on the brink of breaking out?

Last week, volumes through the 0x Protocol soared to $1.5B – a 3x increase from the start of February – and March volumes have already reached $2.5B, putting 0x Protocol on track to surpass its March 2023 peak in volumes spurred on by the US banking crisis.

Abonnez-vous gratuitement pour continuer à lire

  • Soutenez le mouvement Bankless
  • Accès à des milliers d’articles
  • Archive complète des épisodes Bankless
  • Lancez-vous dans des quêtes gratuites sur Airdrop Hunter
  • De l’alpha quotidien dans votre boîte mail

Déjà abonné ? Se connecter


0
0
Jack Inabinet

Written by Jack Inabinet

498 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

No Responses
Rechercher sur Bankless