Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polygon MATIC Forum => Topic started by: RSRS on August 08, 2021, 07:05:11 AM
-
Merely two weeks after its launch, DinoSwap has emerged as the third leading decentralized finance (DeFi) platform on the Polygon network. The project has recorded one of the fastest accumulations in DeFi space with yield farmers and crypto ventures arriving in droves. As per an announcement shared on Friday, the total value locked (TVL) on the protocol currently stands over $500 million.
DinoSwap Records Quickest Accumulation in DeFi Within Weeks of Its Polygon Launch
Conceptually similar to PancakeSwap, DinoSwap is backed by DeFi’s leading names such as DeFiance, Hashed, Spartan Group, and DFG who collectively invested $4.7 million in the venture. Additionally, Polygon co-founder Sandeep Nailwal also contributed to the project as an angel investor, alongside Terra founder Do Kwon and Sushiswap’s pseudonymous founder Chef Nomi.
Like PancakeSwap, the protocol offer investors farming pools and single asset staking pools, known as “Jurassic Pools.” DinoSwap also permits its users to put their DINO token to work and earn any of the tokens issued on top of Polygon -- which is said to be the first among multiple blockchains the project intends to integrate with.
More Information (https://cryptonews.net/en/news/defi/1332473/)
-
Bauty fule nice progect my love 100% project is getting more popular each and every day. There is a high probability that the project will become a market leader with the great team of professionals.
-
If DinowSwap really has a Total Value Locked of around 500 million USD, then that is a very large value and it is certain that this Polygon Matic will continue to increase in price because I am sure that one day this value can increase many times over time.
The most important thing is that DinoSwap continues to update like other coins usually because the update always gives good memories or results and is more effective than other coins.
-
DINOswap should be able to continue to compete with the cryptocurrency market which is always changing all the time and I have seen that the chart from DINOswap is getting lower in price and the marketcap is also getting lower.
I don't understand what happened to DINOswap, but I'm also sure that DINOswap might not have enough interest, which will allow prices to drop.
Please check this link reference = https://coinmarketcap.com/currencies/dinoswap/
-
It's a shame that DinoSwap is now experiencing a tremendous price drop and I feel anxious about the price of this DinoSwap so I don't dare to invest in DinoSwap either.
I saw on Coinmarketcap that this DinoSwap initially had a price of around 2.2 USD and it was quite expensive and now the DinoSwap price is around 0.28 USD and of course this decline is very worrying for some investors.
-
DINOswap is terrible because the chart is dropping sharply and I don't think I'm sure that DINOswap will go up again, because its value has fallen so badly.
I'm sure that if DINOswap releases its newest capabilities, then DINOswap will definitely provide very good and expensive features.
We have to be realistic with the situation, if this DINOswap seems less attractive. In My Opinion.