BNB
by BSC News
April 17, 2023
Baby Doge Swap surpassed $83 million in TVL, approaching its all-time high.
BNB Chain MemeFi project Baby Doge Coin announced that its BabyDoge token is getting listed on KuCoin, its largest Centralized Exchange to date and a top 5 exchange overall.
Last Friday, Baby Doge proclaimed that a top 5 CEX listing was coming soon, and sure enough the KuCoin announcement fulfilled that promise.
$BabyDoge deposits are now open on KuCoin on both BNB Chain and Ethereum. Trading begins at 10 a.m. UTC on April 18.
The KuCoin listing exposes $BabyDoge to more than 27 million users. Currently, the token has more than 1.7 million holders on BNB Chain and nearly 11,000 on Ethereum.
The naming of KuCoin immediately appeared to be a “sell the news” event, as $BabyDoge dipped by several percentage points after the announcement. However, since Friday the value of $BabyDoge is up by more than 30%.
The KuCoin listing is the latest positive indicator for $BabyDoge, which is on a tear in 2023, with the value of the token multiplying by nearly four times since Jan. 1.
As BSC News previously reported, Baby Doge has grown into much more than a dog coin and now has an array of Decentralized Finance (DeFi) offerings, anchored by its Baby Doge Swap Decentralized Exchange (DEX) which recently surpassed $83 million in Total Value Locked, according to DefiLlama, and appears on track to break its all-time high.
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.
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