Hi, everyone! The Hive inbound route is up and running on LeoDex, now arbitrage can happen and the community can start buying HIVE with other L1 tokens.
In this clip:
- CEXs are experiencing turbulence with CZ's sentence
- That is another indicator to have DEXs with volume for HIVE
- We need to get Hivers to use LeoDex for their swaps and increase volume
- It’s important to get that flywheel kickstarted
- The first big transaction from the Maya community in LeoDex
Recent news has generated turbulence around CEXs post-CZ's sentence. It's a clear sign that having DEXs with substantial liquidity and transaction volume for HIVE is more important than ever.
We're on a mission to rally Hivers to embrace LeoDex for their swaps, now that it has good pricing and is easy to use, driving up that critical trading volume. Kick-starting this flywheel is key; it’ll start slowly, but the growth will come.
This week we had the first major transaction coming from the Maya community in LeoDex, which generated $50 in revenue that buys half LEO half CACAO and pools it. This is one transaction; imagine several of them in a day.
To start the flywheel effect and impulse the growth of LeoDex is critical. I’ll be talking about this in The Lion's Den, today at 1PM EST with 