According to data from DeBank in June, on the ETH, BSC, xDai, Polygon, and Heco chains, the total DeFi lock-up value (TVL) reached 111.75 billion U.S. dollars, an increase of 138 times compared with the previous year’s 743 million U.S. dollars.
Among them, the total lock-up value of DEX reached USD $52.137 billion, accounting for 46.6% of the total lock-up value. There were 63 DEXs with more than USD $1 million TVL, which provided a resource base for users, projects, and other resources for the outbreak of cross-chain DEX.
Capital is always profit-seeking. Under the current yield environment, funds outside the circle will undoubtedly continue to flock to DeFi with the smell of high returns, and TVL values are expected to break through new barriers. However, for new entrants, whether it is an institution or a retail investor, DeFi, as a native product of the world on the chain, always has a certain level of understanding and threshold for use. How to find a pool with sufficient security and high enough APY (annual return) It is a common problem for all newcomers to earn as much profit as possible with the smallest risk possible.
BXH’s strategic transformation fully recognized the opportunity of such a large volume of services, seeking to make DeFi easier, more accessible, and more affordable in new projects. This is where BXH’s One-Stop DeFi Platform” is positioned, operated, and targeted: to provide users with a complete set of DeFi financial solutions through its yield aggregator services.
The upgrade and transformation of the DEX feature a one-stop DeFi eco-platform with aggregated revenue as the main focus and DEX decentralized trading platform as a supplement. Among them, AI-powered yield farming aggregator mainly refers to the high-yield smart pool function of aggregated mining. DEX provides advantageous trading pairs and reacts quickly to market changes and hot quotes, opens up the dual-chain DeFi ecosystem, and iterates on more, easier-to-use, and more advantageous DeFi applications.
- Blockchain’s new portal, the second half of DeFi
Cryptocurrency trading, as the core application in blockchain, has evolved from the earliest CEX (Centralized Exchange), which combines the functions of traditional exchanges, brokerages, and investment banks, to the later DEX (Decentralized Exchange), which enables peer-to-peer trading by directly matching the two trading parties of buying and selling digital assets. Today, users can trade digital assets across various public chains and realize cross-chain DEX for decentralized cross-chain transactions.
Every time technology evolves, it brings revolutions. The emergence of cross-chain DEX is no exception, shuffle is imminent.
2021 can be called the first year of cross-chain DEX. The prosperity and development of the DEX market and the public chain market provide a solid foundation for the development of cross-chain DEX. Therefore, the cross-chain DEX is hailed as the new portal of the blockchain, becoming the king-level application of DeFi in the second half.
In fact, with a proven hedging strategy, the BXH decentralized exchange has been running steadily for 108 days on the Heco eco-chain, with a strong performance in all data on the chain: liquidity pledges surpassed $780 million, and liquidity market cap topped out at over $3 billion. Whether it is the growth rate of transaction volume, lock-in volume, or liquidity mining yield, the performance is excellent. The platform tokens experienced a maximum gain of 3,000%, becoming the biggest unexpected asset at the end of March.
At present, with the double chain, don’t miss the head-mining advantages: The Binance Smart Chain (BSC) launched on the 8th of August achieved TVL over $400 million IN 24 hours. On the 9th of August, the exchange public chain OKExChain was launched and landed OKExChain on the 10th of August. This solves the silo problem of DEX, which helps to achieve multi-chain asset interoperability, to help users complete the conversion and transfer of assets between chains, facilitating users’ conversion and transfer of assets between chains.
More importantly, between 9th – 14th August, BXH will be launching an airdrop of BXH tokens totaling $10,000 in conjunction with CoinMarketCap (CMC). The latter is the most cited cryptocurrency data provider in the industry, featuring a large number of users and extremely high industry access.
This time, BXH joins hands with CMC, a highly valuable platform, to pursue a common vision to make DeFi and crypto-assets reach more users worldwide while attracting traffic and putting users at the center. We will develop more cooperation and business connections in various aspects in the future to accelerate the rapid prosperity of both parties.
In addition to the cross-chain upgrade, analysts believe that BXH has seized the opportunity to lay out two major businesses in advance, namely “smart AI-aggregated revenue” and “advantageous trading pairs DEX platform”, which may trigger a new round of wealth effect.
The first and foremost smart AI aggregated income, which is essentially a BXH smart pool.
The BXH Smart Pool is a decentralized pooled mining protocol that is centered on providing users with DeFi aggregated financial management services. When users deposit stable coins such as DAI, USDC, USDT, and non-stable cryptocurrencies such as BTC, ETH, TRON, etc., the smart pool will invest the funds in some long-running and reputable DeFi protocols, while automatically regulating the deployment of funds according to the real-time floating yield changes of different protocols. While automatically helping users to find maximum returns, the smart pool also reduces the gas cost of decentralized operations that can be reduced through the mechanism of a single position transfer.
Aggregate mining proceeds will be distributed to all users proportionally, with no middlemen and no principal draws, which is fair and equitable. Mining with BXH smart pools has a number of benefits compared to traditional DeFi liquidity mining: one-click mining, low-cost, high liquidity, and optimal returns.
BXH’s DEX platform focuses on advantageous trading pairs, integrating automatic market-making (AMM), community autonomy (DAO), and platform coin pledge mining (Staking), together with a series of incentives designed to provide the best depth of trading and the best pledge yield to help users get the most out of their money, which will further stimulate the flow of capital into DEX while further stimulating market attention.
- One-Stop Cross-Chain Platform, innovating trading logics
BXH trends and competitive strength can be further expected. Beyond all the advantages of traditional DEX, such as asset transparency and capital security, the cross-chain expansion of BXH has revolutionized the trading model and scope of trading, creating a new trading model in terms of the number of assets, transaction fees, trading efficiency, profit opportunities, DeFi mining options, etc.
– The number of users and transaction volume of BXH will expand significantly.
– The experience of using BXH will be better, as the DEX platform can directly connect to more mainstream DeFi ecosystems, providing more convenient transactions and a faster experience for users.
– More project profit opportunities will emerge on BXH, as there are more projects. Previously, some excellent teams have started developing and deploying on other public chains and are unwilling or inconvenient to migrate to HECO. The cross-chain of BXH can be used for the value exchange of relevant targets.
– More DeFi mining opportunities will emerge on BXH. Opportunities for retail investors become more available.
More importantly, the value of the BXH token is highly likely to increase further, empowered by the new economic model.
The BXH token is a “key” to connect the high-yield smart pool on HECO, BSC, OKExChain, and more DeFi applications. It does not only have a governance function but also a credential to subsequently acquire many super-equities, including airdrop shares, header mining rights, dividend equity, etc., featuring a total volume of 1 billion tokens.
On Heco, the issue size is 390 million pieces, with 120 million fewer pieces in the mining pool and 30 million destroyed in the market compared to pre-cross-chain.
On BSC, the issue size is 460 million pieces, of which 410 million are mined for liquidity, 36 are mined for initial block output, 1% reduction in production per week, 45 million in the community market, unlocked in equal amounts over 2 years, and 05 million in the community airdrop. Part of the proceeds from the HBXH tokens on BSC will be used to buy back the BXH tokens on Heco in the future to protect the returns of coin holders.
On OKExChain, the issue size is 150 million pieces, of which 400 million tokens will be unlocked in equal amounts over 2 years in the community market and 100 million tokens will be airdropped in the community.
The BXH tokens are rated at a limited total amount, with several halving and buyback mechanisms, and have a wide range of applications, having the potential to be increasingly valuable in the future.
On the HECO chain, The BXH platform charges 0.3% of the AMM transaction amount as a handling fee, of which 0.2% is obtained by the market maker, 0.05% flows into the repurchase fund pool to automatically execute repurchase and destruction, and 0.05% is distributed to the BXH DAO dividend pool.
On the BSC chain, The HBXH platform charges 0.225% of the AMM transaction amount as a handling fee, which all flows into the repurchase fund pool to automatically execute repurchase and destruction. Trading LP fees are allocated 0% and BXH revenue can only be earned by providing LP liquidity for mining.
On the OKExChain, The BXH platform charges 0.3% of the AMM transaction amount as a handling fee, which all flows into the repurchase fund pool to automatically execute repurchase and destruction. Trading LP fees are allocated 0% and BXH revenue can only be earned by providing LP liquidity for mining.
Evidently, the upgraded BXH economic model overcomes the problem of single-user incentives, the diluted share of early miners, and lower returns for new miners after cross-chain. This model does not only divide transaction fees but also allows long-term holdings of BXH tokens to follow the development of the platform to gain more growth-oriented returns and enhance project sustainability. And through cross-chain expansion of buying, repurchase destruction, and no additional issues to maintain deflation, which enables effective market value management of BXH tokens in the inflation-deflation switch.
In addition, the BXH team believes that the majority of DeFi participants require the security audit reports and risk management by the professional team before investment. We insist that all our products will have audit reports before their launch.
The founder of SushiSwap suddenly transferred 5 million SushiSwap tokens in September last year, selling them for a profit of 17,971 ETH, totaling USD $6.3 million, which directly led to the instant collapse of the Sushi coin price and the evaporation of USD $130 million in market value. This was a huge hit for Defi investors.
The DeFi Governance audit is urgent, and the smart contract audit team needs to evaluate the governance solution to prevent the project owner from gaining too much power and compromising the rights of investors. Accordingly, BXH has already passed the authoritative security tests conducted by the industry’s leading third-party security agencies, SlowMist and Fairyproof, covering the network layer, host system layer, and business application layer.
- Innovation and evolution, the future is ready
Cross-chain DEX is the inevitable trend of cryptocurrency trading, which solves many drawbacks of cryptocurrency, such as exchange collapse, runaway events, and opaque transactions that occur in centralized exchanges, as well as high fees, high latency, single asset.
More competitors and capital will join this track, which will further intensify the market competition. A new era of trading based on one-stop DeFi and cross-chain has arrived, and the future is ready.
In the future, in the cross-chain DEX market competition, a one-stop cross-chain DeFi platform like BXH, with strong financial strength, technical strength, innovation ability, user and project resources, and many other advantages, the future is infinitely promising.