I have been watching $FLAY closely, and the token has been on quite a ride recently. $FLAY is currently trading around $0.2600 and has gained an impressive 116%. What’s caught my attention, though, is the project behind it Flayer Labs, and the protocols it’s powering.
From what I have seen so far, $FLAY is the backbone of a few intriguing protocols built by Flayer Labs. One of the peach features is the Flaunch protocol, a memecoin launchpad created on Base and powered by Uniswap V4. But what’s even cooler is that holders of $FLAY can put on a fee switch to receive 10% of the protocol’s trading fees. Cool way to incentivize holding and participation.
Another fascinating piece is the ƒlayer protocol, which tackles the challenge of providing fungible liquidity to NFTs. Distinct from other solutions that concentrate on floor items, ƒlayer uses Harberger Fees to provide liquidity through all oddities in a compilation. It also introduces a Lockbox that allows users entry to fungibility without giving up the right to their NFTs. That’s an upliftment for NFT liquidity, in my opinion.
The price surge of $FLAY suggests there’s growing interest in the token, and it is very glaring. The project is diving into some real pain points in the crypto space, like NFT liquidity and meme coin launches, while offering substantial rewards to token holders.
The 116% gain as seen in BingX Exchange, is impressive, but as we all know, crypto can be volatile, hence I’m inquisitive to read what you think about $FLAY’s long term potential.