WagyuSwap's Token Soars 86 Times In 24 Hours, But Why?

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

In the blockchain industry, it is not unusual to see projects receive massive support upon launch from the community, especially when it comes to token sales and IEOs. However, WagyuSwap recently went on sale on September 7, 2021, completely selling out with over $200,000 in their initial offering, and in the 48 hours since it launched, saw a whopping 86 times increase in value. 

Again, while blockchain projects often see massive support from the community, this level of growth in such a short time is far from the norm. But what is so special about WagyuSwap and why is it looking like the next moonshot? 

What Is WagyuSwap?

WagyuSwap is a decentralized exchange (DEX) that is built upon the Velas blockchain, which is the fastest EMV chain in the industry. In fact, WagyuSwap is the first-ever DEX to be built on the Velas blockchain. This is very significant, given that the Velas blockchain is capable of up to 75,000 transactions per second, which has helped push the seismic acceleration for  WagyuSwap’s insane rise to success. It will also be able to seamlessly bridge tokens to all chains that are compatible with EMV. 

The DeFi space is quickly growing - and WagyuSwap is on track to capture this growth by offering some of the fastest transaction speeds seen in the blockchain sector, and given the opportunity for very cheap transaction costs, targeting two major issues currently plaguing the DeFi space has given the platform the springboard it needs to have shot into the limelight.

In terms of staking and liquidity farming, WagyuSwap will be offering some of the highest rates within the industry and this juicy offering was part of what sent customers flocking to WagyuSwap’s sale as soon as it launched. It should also be noted that unlike legacy blockchains like Ethereum and BSC, Velas is relatively new and has boundless potential. Over 40 applications are already slated to be developed on Velas and WagyuSwap will be the launch platform for their various native tokens. 

Make no mistake, this is a case of lightning striking but once for the industry. DeFi grows bigger than ever and with the recent migration of users from centralized platforms to decentralized, everyone is looking for a piece of the action - even Binance. But no platform can guarantee the level of innovation that WagyuSwap is, from the record transaction speeds to favorable rates on staking and farming to its low fees. 

The crypto and blockchain sector is known to quickly identify innovation and in the case of WagyuSwap, the numbers seem to speak for themselves. To find out more information, visit the website.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.