Wombat Exchange Ecosystem Passes $70M in TVL on Arbitrum, More Than BNB Chain
Arbitrum users have shown an appetite for the WOM Wars contest among Wombex Finance, Magpie XYZ and Quoll Finance.
Arbinauts Embrace Wombat
It might be too early to rename Wombat Exchange as an Arbitrum-first Decentralized Finance (DeFi) ecosystem. However, in the three days since the multichain stableswap launched on the Ethereum Layer-2 rollup, the Total Value Locked (TVL) on Wombat-related protocols has surpassed $70 million – exceeding the current TVL on their native BNB Chain.
Data from DefiLlama illustrates how Arbinauts have dived headlong into the WOM Wars battle for liquidity among the three yield-boosting Convex forks: Wombex Finance, Magpie XYZ and Quoll Finance.
Currently, the Wombat Exchange Decentralized Exchange (DEX) has $38.6 million in TVL on Arbitrum, compared to $51.3 million on BNB Chain.
Meanwhile, Wombex has $20.1 million in TVL on Arbitrum, closely rivalling its $29.6 million on BNB Chain.
Magpie has $11.1 million in TVL on Arbitrum, exceeding its $7 million on BNB Chain.
And, according to the Quoll website, it has $730,000 in TVL on Arbitrum, compared to $1.8 million on BNB Chain.
In total, Wombat and its yield-boosting platforms have $70.6 million in TVL on Arbitrum, compared to $69.5 million on BNB Chain.
Whether that flippening will persist is unknown. In addition to the higher APYs that are available when yield platforms initially launch, the $WOM protocols have all been running special bootstrap events to attract liquidity on Arbitrum.
In terms of swap volume, Wombat Exchange has facilitated just under $60 million in trades in the past week, which puts it among the top 25 DEXes on all chains.
Powered by Wormhole’s cross-chain technology, Wombat plans to expand to an array of EVM-compatible blockchains in 2023, including Polygon, Optimism, Fantom and Avalanche.
What is Wombat Exchange:
Wombat Exchange is a multi-chain stableswap focused on fueling DeFi growth and promoting its product’s scalability, accessibility, and efficiency in the multi-chain space. The protocol allows users to swap stablecoins at minimal slippage and stake at maximum yield.
Where to find Wombat Exchange:
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Raffle Coin (RAFF) Presale, Tipped for 100X, Draws OKB (OKB) and Cronos (CRO) Investors to Its Raffle Platform
Offering transparent governance and promising a 100X return opportunity, analysts anticipate Raffle Coin's potential to become a "blue-chip" cryptocurrency.
The spotlight this time goes to Raffle Coin (RAFF) in the dynamic cryptocurrency market for being an upcoming decentralized raffle platform that looks set on a path of exponential growth. Raffle Coin (RAFF) is one of those projects where its presale has been noticed by not only individual investors but also established projects like OKB (OKB) and Cronos (CRO) amid whispers of a possible 100X opportunity.
Let's dive further to understand what makes Raffle Coin (RAFF) an interesting contender in decentralized finance (DeFi).
OKB (OKB): Navigating Low Volatility in the Crypto Market
OKB (OKB) is comparatively one of the calmer ones, showing its latest 3.47% rise to $59.64 compared with its peers. OKB (OKB) receives a Volatility Rank of 24 from InvestorsObserver, which, paired with its counterparts, leaves it in room for the bottom 24% of cryptos. This translates to less consistent, narrower price swings and Trading near resistance levels; OKB (OKB) faces potential selling pressures ahead despite its stable performance.
Cronos (CRO): Paving the Way for DeFi Adoption
Cronos (CRO) is one of the blockchain platforms emerging as a trend with the easing of the DeFi applications. Currently trading at $0.1454, with a year that has seen spectacular rises and positive momentum from the previous 7 Days, Cronos (CRO) is high on interest as a token, seeing significant adoption and volume on sites like KuCoin.
Raffle Coin (RAFF): A Decentralized Raffle Revolution
Raffle Coin (RAFF) has been the talk of excitement in the crypto space, with the presale being said to present one of the best opportunities for a 100X return. Designed to suit individual and institutional investors alike—including, but not limited to, OKB (OKB) and Cronos (CRO)—Raffle Coin (RAFF) offers leading and decentralized governance in its entirety with a completely clear reward structure.
At just $0.020 per token, there is no doubt that, in the presale stage, Raffle Coin (RAFF) will be luring investors for huge returns as it snowballs. Analysts and enthusiasts alike are waiting for Raffle Coin (RAFF) to become a "blue-chip" cryptocurrency, considering the strategic partnerships and features developed to be user-centric.
Conclusion
The high return presale of Raffle Coin (RAFF) is calling the attention of investors in the crypto space. With an innovative model, strategic partnerships and a fast-growing community, Raffle Coin (RAFF) is poised to carve its name in DeFi history. In this respect, from the unfolding of the project, it is clear that Raffle Coin (RAFF) is more than a cryptocurrency but a change engine for the decentralized platforms and the raffle world.
Find out more about the Raffle Coin (RAFF) presale by visiting the website here.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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