Happy Lunar New Year!
Welcome to the 7th edition of our weekly newsletter.
We are glad you are here. We have got a lot to talk about:
- FIDA at $1
- $900+ Million Inception Volume
- New NFTs
Key Performance Metrics:
This week saw the market in a bit of a holding zone as BTC and majors creep upwards. Overall volume was down and possibly due to the Lunar New Year. Weekly volume was $71,673,054, down 2% from last week. However, compared to the first two weeks of January we are reporting an increase from $64,994,043.
Average daily volume was $10,239,008, almost on par with last weeks at $10,452,185. Volume ranged from a low of $5,432,522 to a high of $15,196,360. We will be looking forward to the next two weeks to see if our predicted volume increase will come as we have seen in previous months.
RAYDIUM — ARE YOU READY?
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Raydium has a first-mover advantage as an AMM within Serum and will be an integral part of bringing new and existing projects and protocols into the ecosystem. The protocol will act as a bridge for projects looking to expand to Solana and Serum, and in the process Raydium and the RAY token will become a foundation for enabling further development with partners, its own platform, and the ecosystem.
Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook, meaning that Raydium LPs get access to the entire orderflow and liquidity of Serum. Long term, Raydium aims to capture and maintain a leadership position among AMMs and liquidity providers on Serum, while leveraging the power of Solana to drive the evolution of decentralized finance (DeFi) and emerge as a leading protocol in the space alongside our partners and the community.
RAYDIUM POOLS ON BONFIDA!
As some of you have already discovered on Bonfida, in our pools section you have come across three different Raydium pools. More information will be released shortly.
All you need to know is each Raydium pool is unique in what it offers.
Stay tuned for more exclusive information on Raydium pools on Bonfida!
BONFIDA (FIDA) REACHES $1
It has been less than 9 weeks since the launch of the FIDA token. Bonfida has grown daily with developments occurring on a weekly basis. The success we’ve achieved so far has rewarded IEO participants with a 11x return since its IEO. Here’s to bigger and greater things this year in 2021.
SO CLOSE TO 1 BILLION INCEPTION VOLUME
This week total DEX inception volume on Serum crossed over the $900 million mark. Not long now until we achieve the $1 billion inception volume achievement.
SOLIBLE ADDS 2 NEW NFT’S
This week Solible had a special auction of a DOGE painting that is frequently seen at SBF’s own desk at FTX HQ. This artwork sold for a whopping $1,300 USD, which has been given to the FTX Foundation for a charitable donation. So far FTX has donated $1,725,839.75, this figure grows daily as user fees are put into programs across the globe.
To find out more about the FTX Foundation
Please visit : https://ftx.com/en/foundation
Also, we have added new NFT’s.
Visit: https://solible.com/#/ to explore.
Thank you for taking a moment to keep up to date with Bonfida newsletter.
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None of the above is financial advice.
Bonfida does not provide services to personal accounts of current residents of the United States of America, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, or Antigua and Barbuda.
FIDA is not offered within the United States or prohibited jurisdiction.
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