This week has seen some outstanding trading volumes for Gnox, Fantom, and Solana. All three coins have seen significant increases in their daily trading volumes, with Gnox seeing the biggest jump of over 50%.
The recent price increase for Gnox appears to be driven by its strong passive income utility and secured platform. With its trading volumes remaining high, it is likely that the price of Gnox will continue to rise in the short term.
Gnox is a unique DeFi platform running on the Binance Smart Chain. It provides yield farming as a service to cryptocurrency investors. To invest in passive income opportunities like peer-to-peer lending, liquidity pooling, and staking across various DeFi platforms, a portion of all GNOX tokens is collected into a treasury. Shares of the passive income go to all Gnox owners. Daily airdrops ensure that holders' stacks are always increasing, while monthly burns guarantee that the supply will always be deflationary.
Fantom has also seen a significant increase in its trading volume, with over 30% more trades being made this week compared to last week. This is likely due to the recent launch of Fantom's mainnet, which has generated a lot of excitement among investors.
Fantom is a blockchain platform designed to support high-throughput, low-latency dApps. Its native token, FTM, is used to pay for transaction fees on the network.
Solana has also seen a significant increase in its trading volume, with over 20% more trades being made this week compared to last week. This is likely due to the recent launch of Solana's testnet, which has generated a lot of excitement among investors.
Solana is a high-performance blockchain platform that can process up to 50,000 transactions per second. Its native token, SOL, is used to pay transaction fees on the network.
Overall, it's been a very good week for these three coins, and it will be interesting to see if they can maintain these high levels of trading activity in the weeks to come.
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