The EGLD cryptocurrency figure, on Monday, with a market head of 9.37 billion dollars on coinmarketcap.com. It is ranked 23rd in the world after the launch of Maiar Exchange, a decentralized finance application.
Romanian startup Elrond has announced a $ 1 billion liquidity boost program to make the launch of the DeFi Maiar DEX platform more attractive. The equivalent of $ 1.29 billion in MEX – of which $ 282 million in the first month alone – will be distributed to Maiar DEX users who will provide liquidity for EGLD, MEX and USDC tokens.
“By distributing part of Maiar DEX to the next billion new users, we are laying the groundwork for a truly global financial system, accessible to anyone, from anywhere,” said Beniamin Mincu, CEO of Elrond Network.
In the last 24 hours, the EGLD currency has traded at a volume of over 1.1 billion dollars.
Elrond was founded in 2018 by Beniamin and Lucian Mincu, together with the entrepreneur Lucian Todea. The company is headquartered in Malta and has a development team in Sibiu.
Elrond claims that its technology is capable of processing over 15,000 transactions per second and can scale with demand to over 100,000 transactions per second.
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