Valetta, Malta--(Newsfile Corp. - November 16, 2021) - XSwap, the decentralized cryptocurrency exchange (DEX) built on ABEYCHAIN, attracted more than US$60 million in total value locked (TVL) in the first seven days since public launch on November 6, 2021.
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Key Takeaways:
- XSwap, the decentralized cryptocurrency exchange built on ABEYCHAIN, has already attracted over US$60 million in total value locked (TVL) in the first week since opening to the public on November 6, 2021.
- It took respected exchange Uniswap over 18 months to reach the same US$60 million TVL milestone that XSwap reached in less than one week.
- Since opening general availability XSwap has surpassed over US$75 million in total volume, averaging nearly US$9 million in volume per day.
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About ABEY
The ABEY ecosystem features ABEYCHAIN, a leading public chain implementing a secure PoW+DPoS hybrid consensus; the ABEY Storage Network and the ABEY Storage Token (AST); and among the multitude of on-chain apps built on ABEYCHAIN are XSWAP.com, home of the latest DEX protocol; the ABEY NFT platform, and the upcoming play-to-earn blockchain game Puppy Planet. For more information, please visit https://abey.com
About the ABEY Foundation
The ABEY Foundation, a registered non-profit organization in Vaduz, Liechtenstein, contributes governance, research, and guidance while maintaining the integrity of ABEYCHAIN technology for today and for the future. For more information, please visit https://abey.org
Contacts:
Thomas Murphy
tmurphy@adxnet.com
Source: ADX Labs, Inc.
Distributed by: Reportable, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103766
