Nerve Continues To Boast Increased Trading Volume, Hinting At Over 19M In Annualized Revenue

Following up on a successful launch, Nerve Finance recently released figures that indicate an impressive growth in trade volume and revenue.

By
Ahamdi Abarikwu
on
May 26, 2021
Category:
BSC News

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. 


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,

Website | Medium | Twitter | Discord | Telegram 

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Ahamdi Abarikwu

Ahamdi Abarikwu is an Electrical Engineer and a lover of anything crypto. He is also an avid writer, proofreader and editor. He loves to play Scrabble in his spare time.

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