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WagyuSwap Jumps 86x in 48h Following IDO Sellout

UTC by Oluwapelumi Adejumo · 3 min read
WagyuSwap Jumps 86x in 48h Following IDO Sellout
Photo: Depositphotos

WagyuSwap is created to be the fastest DEX in the industry with no additional costs on transactions made. Investors that stake higher gets rewarded.

One of the hottest DeFi prospects in the market, WagyuSwap is jumping in price since their highly successful IDO. The first 48 hours of its launch had seen crypto enthusiasts jumping on the DeFi product left, right, and centre.

Built on Velas Blockchain, using another token’s (Solana) codebase, plus an EVM compatibility to ensure investors find their tokens valuable, WagyuSwap has lived up to its purpose and goal with a fantasticbullish run. WagyuSwap’s market trend is currently fluctuating, having started at $0.01, the DeFi token was sitting at a price of $0.54 in the early hours of this morning.

WagyuSwap’s peak came on the 10th September when the price rose to over $1.00, with. the following day seeing the market taking a bearish run to the point where prices fell to around $0.52. As of press time, it closed the market at $0.51 yesterday and currently sits at around $0.54. The fluctuation could be depicted by the regular supply and circulation of the token into the crypto space, as many believed. Undoubtedly, the token is on the verge of becoming one of the hottest DeFi tokens to break out this summer. 

What’s WagyuSwap?

Introduced as the first-ever revolutionary DEX on the DeFi space and created by the Velas network, WagyuSwap is one of the many projects of the blockchain Velas network. The tokens operate on a similar codebase with Solana, have a fast EVM compatibility, and are supported by AI technology, allowing free flow of transfers on all crucial tokens in the market. 

WagyuSwap is created to be the fastest DEX in the industry with no additional costs on transactions made. Investors that stake higher gets rewarded. The Velas network would undoubtedly make it difficult for other DeFi networks and creators to keep up with WagyuSwap’s fantastic technology. 

What Makes WagyuSwap Different?

WagyuSwap just signed a partnership with Brokoli in a bid to ensure positive climate impact while trading. Energy consumption in the crypto sphere has been one of the critical issues surrounding the globe, but WagyuSwap will be making a difference with this deal. The partnership will help plant trees, recycle e-waste, and embark on renewable energy projects, and this is especially important for WagyuSwap, being based on energy-efficient blockchain, Velas.

Per a recent blog post, WagyuSwap ability to offer cross-chain transfers, alongside its offer of high reward for users sets it aside from its competitors. Also, being built on the Velas blockchain and its EVM compatibility would help it deliver on its promise of a classic Defi experience.

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Oluwapelumi Adejumo

Oluwapelumi is a believer in the transformative power Bitcoin and Blockchain industry holds. He is interested in sharing knowledge and ideas. When he is not writing, he is looking to meet new people and trying out new things.

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