BCH ecosystem wins new NFT and DEX platforms, TVL in Smartbch Defi climbs by 180 % in 30 days-Defi

in 30 days

In the past few months, the smartbch project has swollen with numerous projects and custom tokens, and the total value-locked (TVL) in five decentralized smartbch exchange platforms (Dex) has increased by more than 180%.

Smartbch Defi TVL increases by 180% - The Bitcoin-Cash universe now has 5 Dex platforms

Eight months ago was Bitcoin Cash ( bch ). href = "https://smartbch.org/" rel = "noopener"> smartbch.org ) with a project called smart bitcoin cash or short smartbch. Smartbch is a Bitcoin-Cash-Sidechain that is compatible with Ethereum's EVM and Web3-API, but also enables interaction with smart contracts and custom tokens for extremely low data transmission fees.

chain statistics in relation to the total value of decentralized financing (defi) show that Smartbch has 36 million US dollar today. That is more than 180 % more than the SmartBch TVL of $ 12.9 million, which was recorded on November 3.

The metrics of defillama.com show that Benswap has a TVL dominance of 49.28% on Friday. Tangoswap and Mistswap have the second and third largest TVLs according to Benswap. According to the size of the defi-tvls per chain, while Ethereum holds the top TV at $ 179.48 billion, Smartbch has the 47th largest TVL position.

Sep20 token and Smartslp tool

Statistics from the web portal Marketcap.cash shows a large number of smartbch or sep20-based tokens that collect a fiat value. The top-sep20 token is of course packaged bch (Tango), crap (crap) and law (law).

For example, old SLP cryptocurrencies such as Spice, Joy and Honk are migrated to the SEP20 standard. In addition to the transition of the old SLP tokens, developers come from fountainhead.cash created a web3 interface This allows users to create Smartslp-token.

"Smartslp are simple SEP20 tokens (SmartBChs version of SEP20) that offer the creator the opportunity to shape new tokens (and end the opportunity, issue new tokens) and to burn to users," describe the developers of fountainhead.cash. "You also have a predictable supply mechanism (you will be created with X tokens right from the start), while SEP20 does not specify a supply mechanism." The fountainhead.cash engineers continue to explain:

For tokens that do not need an extended smart contact function, you will probably only have to create one token with SmartSLP. Smartslp token also enable Documenturi’s to be recorded, which makes it easier to certify. Smartslp builds on Smartbch.

The Bitcoin Cash Community is presented to a new NFT marketplace called Oasis

The SmartBCH community not only sees a number of defi protocols, but also the technology moves towards non-fungi token (nft) assets.

Individuals and teams were Introduction of NFT collections and there is a new Smartbch NFT marketplace called oasis.cash . The social media platform Twitter also has Numerous posts presented new smartbch-based nft collections , art, and collector's items .

What do you think about the recent growth of the smartbch universe? Let us know your opinion on this topic in the comments below.

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