DeFi Protocol Gains Network Rally Continue As It Booms?

Key Points:

• Gains Network [GNS] has been dominating the cryptocurrency market, and now believers have another cause to rejoice. The native coin of the protocol, GNS, was scheduled to launch on Binance, the biggest cryptocurrency exchange in the world.
• Gains Network is based on Polygon [MATIC] and Arbitrum. Gains Network, a perpetual-focused protocol akin to dYdx and GMX, had a significant increase in its key performance indicators recently.

Gains Network [GNS] has been dominating the cryptocurrency market, and now believers have another cause to rejoice. The native coin of the protocol, GNS, was scheduled to launch on Binance, the biggest cryptocurrency exchange in the world.

The coin would allegedly be listed on Binance in the innovation zone, where users could trade fresh tokens with potentially higher volatility. Since the price soared about 40% at the time of writing, GNS holders reacted ecstatically to the news, according to CoinMarketCap data.

The tale about gaining more “Gains”

Launched in 2021, Gains Network is based on Polygon [MATIC] and Arbitrum. Gains Network, a perpetual-focused protocol akin to dYdx and GMX, recently had a significant increase in its key performance indicators.

Data from Token Terminal shows that over the past 30 days, the protocol’s user fees increased by about 280% while its revenue increased by more than four times. Liquidity providers have historically been drawn to a DeFi system by high user fees. On the other side, a rise in GNS holders’ income would short-term raise the token’s demand.

Gains Network, along with other well-known market players, is now ranked sixth among the top 10 decentralized exchanges as a result of the trading fees’ exponential development. When compared to exchanges that were listed above it, the DeFi protocol saw the best month-over-month (MoM) growth.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News