- Oct 25, 2021
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Smartbch Defi TVL Climbs 180% in a Month — Bitcoin Cash Universe Now Has 5 Dex Platforms
Eight months ago, bitcoin cash (
Chain statistics in terms of total-value locked in decentralized finance (defi) indicates that
At that time, the metrics that derived from defillama.com, indicated that there were only three dex applications. Today, Smartbch has five dex applications including
Defillama.com metrics show that Benswap has a TVL dominance rating on Friday of 49.28%. Tangoswap and Mistswap have the second and third largest TVLs following Benswap’s lead. According to the size of defi TVLs per chain, while Ethereum holds the top TVL with $179.48 billion, Smartbch commands the 47th largest TVL position.
SEP20 Tokens and Smartslp Tool
Statistics from the web portal
Greenben (EBEN) is the third-largest market cap today with $16 million in USD value. Other top SEP20 tokens by market valuation include Smartbch coins such as celery, flex coin, cash cats, and joystick.club. There is also a large swathe of SEP20 tokens that were once very popular Simple Ledger Protocol (SLP) tokens represented in the list.
For instance, old SLP cryptocurrencies like spice, joy, and honk have migrated over to the SEP20 standard. In addition to the old SLP tokens transitioning, developers stemming from
“Smartslp are simple SEP20 (Smartbch’s version of SEP20) tokens that have the ability for the creator to mint new tokens (and end the ability to issue new tokens) and for users to burn tokens,” the fountainhead.cash developers detail. “They also have a predictable supply mechanism (they are created with X tokens off the bat), whereas SEP20 does not specify a supply mechanism.” The fountainhead.cash engineers further state:
For tokens that do not need advanced smart contract capability, creating a token using Smartslp is likely all you need to do to start. Smartslp tokens also allow for the inclusion of documentUri’s, which makes it easy to notarize something. Smartslp is built on top of Smartbch.
Bitcoin Cash Community Introduced to a New NFT Marketplace Called Oasis
The Smartbch community is not only seeing a number of defi protocols, but the technology is moving toward non-fungible token (NFT) assets as well.
Individuals and teams have been
What do you think about the recent growth of the Smartbch universe? Let us know what you think about this subject in the comments section below.