ZilSwap and Ecosystem Growth (
ZIL-4)
The network is utilizing their DEX, ZilSwap as the launchpad for community projects to launch on. ZilSwap has grown insanely in the last quarter, with an 85,7% increase in total trading volume, 83,7% increase in average trading volume, and a 123% increase in the total number of transactions. The DEX is the fourth biggest DEX based on transaction counts.
The community is utilizing DeFi options on the Zilliqa ecosystem, by providing staking opportunities and allowing users to provide liquidity. Currently, 48,2% of the total circulating supply is being utilized in DeFi integrations. The ecosystem is rapidly adapting to new projects within their ecosystems, such as
UFFS, XCAD, and PORT. We will highlight all the major aspects of their presentations in the upcoming posts.
