In the past few months, many projects and customized tokens have emerged in the Smartbch project. Since November 3, the total value lock (TVL) of the five Smartbch decentralized exchange (dex) platforms has jumped by more than 180% .
Smartbch Defi TVL climbs 180% in one month — The Bitcoin Cash world now has 5 Dex platforms
Eight months ago, Bitcoin Cash (Bitcoin cash) Supporters are introduced to a new website (smartbch.org) Features a project called Smart Bitcoin Cash or Smartbch for short. Smartbch is a Bitcoin Cash side chain that is compatible with Ethereum’s EVM and Web3 API, but further allows people to interact with smart contracts and custom tokens at extremely low data transmission fees.
Statistics of the total value chain locked in decentralized finance (defi) show that Smartbch owns 36 million U.S. dollars Value in today. This is more than 180% higher than the $12.9 million recorded by Smartbch TVL on November 3.
At the time, indicators from defillama.com indicated that there were only three dex applications.Today, Smartbch has five dex applications, including This exchange, Fog exchange, Cereal Exchange, Tango Exchange, with 1bch.com.
Indicators from Defillama.com show that Benswap’s TVL dominance rating on Friday was 49.28%. Tangoswap and Mistswap have the second and third largest TVLs after Benswap. According to the defi TVL scale of each chain, Ethereum topped the TVL list with USD 179.48 billion, and Smartbch ranked 47th.
SEP20 token and Smartslp tool
Statistics from the portal Market value cash A large number of tokens based on Smartbch or SEP20 are shown to collect legal value.The top SEP20 tokens are of course wrapped Bitcoin cash, But there are many others, such as coin flexusd (FLEXUSD), green book (EBEN), tango (TANGO), fog (MIST) and law (LAW).
Greenben (EBEN) is today’s third largest market capitalization, valued at US$16 million. Other SEP20 tokens calculated by market valuation include Smartbch tokens such as celery, flex coin, cashcats and Joystick.club. There are also a large number of SEP20 tokens on the list, which were once very popular Simple Ledger Protocol (SLP) tokens.
For example, old SLP cryptocurrencies such as spice, joy, and honk have migrated to the SEP20 standard.In addition to the old SLP token conversion, the developers also came from Cash at source Created a web3 interface Allow users to create Smartslp tokens.
“Smartslp is a simple SEP20 (Smartbch version of SEP20) token, which allows creators to mint new tokens (and terminate the ability to issue new tokens) and users to destroy tokens,” the fondhead.cash developer explained in detail. “They also have a predictable supply mechanism (they are created with X tokens), and SEP20 does not specify a supply mechanism.” The source.cash engineer further pointed out:
For tokens that do not require advanced smart contract features, using Smartslp to create tokens may be all you need to do to get started. The Smartslp token also allows documentUri to be included, which makes it easy to notarize certain content. Smartslp is built on Smartbch.
The Bitcoin Cash community introduces a new NFT market called Oasis
The Smartbch community has not only seen many defi protocols, but the technology is also moving towards non-fungible token (NFT) assets.
Individuals and teams have Start NFT collection There is also a new Smartbch NFT market called Oasis Cash. The social media platform Twitter also has A large number of posts Show off the new Smartbch-based NFT collect, Art, with Collection.
What do you think of the recent growth of the Smartbch universe? Please tell us your thoughts on this topic in the comments section below.
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