Baby Doge on a Roll: Setting Highs for TVL, DEX Volume, Popularity
Baby Doge Swap is posting new highs almost every day, while $BABYDOGE burns up the crypto charts. Can the BNB Chain MemeFi project sustain this momentum?
Blistering Start to 2023
The year 2023 has been nothing but wins for Baby Doge Swap. The MemeFi project continues to set new highs for Total Value Locked (TVL) and Volume on its Decentralized Exchange (DEX), while topping the trending list on Binance.
The success and attention have translated into soaring price action for $BabyDoge, which has more than tripled in value since Jan. 1.
Let’s take a look at Baby Doge’s very good year so far:
Baby Doge Swap TVL
The TVL on Baby Doge Swap is setting new ATHs faster than the team’s Twitter account can keep up. On Feb. 9, the Decentralized Finance (DeFi) platform nearly hit $78 million in TVL, according to DefiLlama.
That’s an increase of about 140% from the TVL on Jan. 1.
DEX Volume
The volume of transactions conducted on the Baby Doge Swap DEX is also trending vertically. According to DefiLlama, Baby Doge Swap ranks among the top 7 DEXes on BNB Chain with a 7-day volume of $21.6 million, which is an increase of 362% over the previous week.
On three consecutive days from Feb. 3-5, Baby Doge Swap set new ATHs for a daily volume of $2.7 million, $4.6 million, and $7.5 million.
Popular on Binance
The crypto community is taking notice of the project’s winning ways. On Feb. 9, the project’s Twitter account noted that Baby Doge was trending #1 on Binance’s list of trending cryptocurrencies.
The day before, Baby Doge was trending #1 on DEXTools DeFi platform.
$BABYDOGE Value
The question any true degen will want to ask is, “Have those metrics translated to positive price action?”
The answer is: “Yes!”
According to CoinMarketCap, the market cap of $BABYDOGE grew from $109 million on Jan. 1 to a high of more than $416 million on Feb. 8. That’s nearly a 4x for token holders!
What is Baby Doge Swap:
Baby Doge Swap is the acclaimed “son” of the popular meme token, DOGE. Baby Doge Swap started out as Baby Doge Coin and is a hyper-deflationary system that progressively increases its scarcity and increases its liquidity. The project is now a fully Decentralized Exchange with swaps, liquidity pools, yield farming, and more. Baby Doge considers its primary utility as building a fun meme community to spread awareness of animal adoption.
Where to find Baby Doge Swap:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Binance Executive Tigran Gambaryan Sues Nigeria's NSA and EFCC
The lawsuit reflects escalating tensions amidst allegations of innocence and regulatory scrutiny surrounding Binance Nigeria's alleged involvement in illicit financial activities.
The detained executive of Binance, Mr. Tigran Gambaryan, has taken legal action against Nigeria's National Security Adviser (NSA) Nuhu Ribadu, and the Economic and Financial Crimes Commission (EFCC).
Gambaryan, along with the firm's Africa Regional Manager, Mr. Nadeem Anjarwalla, filed a fundamental human rights violation suit amidst ongoing legal turmoil.
Gambaryan's legal challenge, initiated alongside his lawyer Mr. Olujoke Aliyu, aims to address his prolonged detention by the federal government. The suit, presented before Justice Inyang Ekwo of the Federal High Court in Abuja, challenges the legality of Gambaryan's continued confinement and the seizure of his international travel passport.
Gambaryan, a US citizen overseeing financial crime compliance at Binance, contends that his detention and passport seizure violates Section 35 (1) and (4) of Nigeria's 1999 Constitution. His legal team seeks various reliefs, including his release from custody, the return of his passport, a public apology from the NSA and EFCC, and an injunction against future investigations.
Allegations of Innocence Amidst Legal Turmoil
Gambaryan and his colleague's legal representatives maintain their innocence, claiming that the arrests occurred during discussions with Nigerian authorities regarding legal conflicts involving Binance.
In a dramatic turn of events, Binance's African regional manager, Nadeem Anjarwalla, recently fled Nigerian custody. Anjarwalla's escape follows mounting tensions surrounding the Nigerian authorities' investigation into alleged illicit financial activities involving Binance Nigeria, totaling a staggering $26 billion.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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