Following up on a successful launch, Nerve Finance recently released figures that indicate an impressive growth in trade volume and revenue.
Introduction
Ultra-low slippage stableswap platform, Nerve Finance, is displaying very bullish market performance. The platform is barely two months old, having launched on March 1, yet is already getting significant traction. Currently, the crypto market is going through a volatile period which has led more people into switching over to stablecoins to preserve the value of their assets. Nerve Finance has therefore seen its user base bulging, especially as it offers one of the lowest slippages in the industry for stablecoin-swaps.
New Platform Record Set
Brimming with excitement, Nerve Finance gave a glimpse of its impressive financials. According to a release, Nerve Finance sees consistent growth in its trading volume. Very recently, the platform grossed more than $400 million in trading volume over a 24hr period. That figure was a new all-time-high (ATH) record for Nerve and puts the platform right within the top 10 decentralised exchanges in terms of daily trade volume.
Over the past two weeks leading up to May 24, Nerve Finance also reported stellar revenue figures. Revenue from trading fees alone amounted to $755,000, which is about $19.6 million when scaled over a year. For a relatively young platform, such a revenue figure is notable.
With such market metrics, Nerve Finance has started on an auspicious note. As the platform continues its growth and as its community continues to grow, the outlook for the future is indeed bright. cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=96f1f04c5f4143bcb0f2e68c87d65feb&schema=twitter&url=https%3A//twitter.com/nervefinance/status/1396947202912751616&image=https%3A//abs.twimg.com/errors/logo46x38.png
About Nerve Finance
Nerve Finance is an automated market maker (AMM) on the Binance Smart Chain. Designed primarily for stablecoin swaps, Nerve Finance uses the Stableswap algorithm to give users the best swap rates at ultra-low slippages.
To stay up to date about Nerve Finance, visit their official media links,
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
