Wault Finance Ecosystem Rallies as TVL Re-Crosses 1B

Wault Finance ignores the bear market, jumping 53% according to CoinGecko over the last 7 days following the news of a WexPoly airdrop.

By
John Tunney
on
June 14, 2021
Category:
BSC News

Wault Finance Hits 1 Billion. Again. 

On June 13th, Wault Finance tweeted out that, once again, the Wault Finance protocol has crossed the threshold of 1 billion dollars in total locked value (TVL). The event is tremendous for the Wault Finance protocol. The big milestone for the platform comes following the news of a partnership with the Polygon network, where Wault Finance released their own token on the Polygon Network, WEXPoly.

Source

The partnership gives Wault Swap the ability to have the Polygon network chain as well as the Binance Smart Chain and their corresponding tokens open for trade. What is also incredibly interesting about Wault Finance breaking the 1 billion threshold for a second time, is that they also reported that trading volume on Wault Swap propelled them into the top ten highest trade volume DEXs on CoinGecko.

Wault Swap, shown in the image above, ranked 9th, in front of SushiSwap and just behind 1Inch. Wault Finance showed tremendous trading volume during the 24 hour period in question. 


What is Wault Finance

Wault Finance is a Decentralized Finance (DeFi) platform that serves as a hub on the Binance Smart Chain (BSC). Wault is open-source, and focuses on making things as simple and convenient for consumers as possible. The team hopes to create a relaxed and comfortable interface that will make investing as hassle-free as possible.


Final Thoughts 

Wault Finance and the success that their native WEX token has had over the last 7 days has just been tremendous. Interestingly enough, the recent market correction has no effect on the upwards trajectory the WEX token has seen in the last week. CoinGecko currently reports that WEX has a market cap of only $159,395,928, compared to SushiSwap which has a $1,751,726,001 market cap. 

Following the WEX-Polygon partnership, Wault Swap’s trading volume exploded, as did the price of the token. Could WEX continue the momentum and maneuver their way into the top 10 decentralized exchanges? Time will tell, but the future of Wault Finance looks promising.

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John Tunney

John Tunney is an accomplished analyst and crypto enthusiast. The UCLA alum has been actively reporting and blogging for 3 years, and has a passion for all things finance.

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