. @MMTFinance is experiencing insane growth due to the Fomo from the bid pad. In fact, for a DEX, the most important factors are TVL and sufficient volume. This is necessary so that liquidity providers can earn enough fees while growing together. Additionally, a portion of those fees must be set aside for the protocol to cover operational costs. The background of Uniswap's success is similar, and many DEXs need to expand to places with liquidity and volume for the same reason. Until now, SUI had been lacking in TVL, but the DEX's lifeblood, volume, was severely lacking. However, after the recent bid pad Fomo incident, it has shown an unbelievable growth trend. First of all, regarding TVL, it seemed to be stagnant at around 160M throughout September, but starting from September 26, as news of the bid pad spread, it began to grow rapidly. In just 5 days, TVL doubled. The same goes for volume; if the average volume in September was around 90M, it has been steadily growing since...
Show original

1.7K
25
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.