Baby Doge Swap is posting new highs almost every day, while $BABYDOGE burns up the crypto charts. Can the BNB Chain MemeFi project sustain this momentum?
Blistering Start to 2023
The year 2023 has been nothing but wins for Baby Doge Swap. The MemeFi project continues to set new highs for Total Value Locked (TVL) and Volume on its Decentralized Exchange (DEX), while topping the trending list on Binance.
The success and attention have translated into soaring price action for $BabyDoge, which has more than tripled in value since Jan. 1.
Let’s take a look at Baby Doge’s very good year so far:
Baby Doge Swap TVL
The TVL on Baby Doge Swap is setting new ATHs faster than the team’s Twitter account can keep up. On Feb. 9, the Decentralized Finance (DeFi) platform nearly hit $78 million in TVL, according to DefiLlama.
That’s an increase of about 140% from the TVL on Jan. 1.
The volume of transactions conducted on the Baby Doge Swap DEX is also trending vertically. According to DefiLlama, Baby Doge Swap ranks among the top 7 DEXes on BNB Chain with a 7-day volume of $21.6 million, which is an increase of 362% over the previous week.
On three consecutive days from Feb. 3-5, Baby Doge Swap set new ATHs for a daily volume of $2.7 million, $4.6 million, and $7.5 million.
Popular on Binance
The crypto community is taking notice of the project’s winning ways. On Feb. 9, the project’s Twitter account noted that Baby Doge was trending #1 on Binance’s list of trending cryptocurrencies.
The day before, Baby Doge was trending #1 on DEXTools DeFi platform.
The question any true degen will want to ask is, “Have those metrics translated to positive price action?”
The answer is: “Yes!”
According to CoinMarketCap, the market cap of $BABYDOGE grew from $109 million on Jan. 1 to a high of more than $416 million on Feb. 8. That’s nearly a 4x for token holders!
What is Baby Doge Swap:
Baby Doge Swap is the acclaimed “son” of the popular meme token, DOGE. Baby Doge Swap started out as Baby Doge Coin and is a hyper-deflationary system that progressively increases its scarcity and increases its liquidity. The project is now a fully Decentralized Exchange with swaps, liquidity pools, yield farming, and more. Baby Doge considers its primary utility as building a fun meme community to spread awareness of animal adoption.
Where to find Baby Doge Swap:
Source : bsc.news
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