BNB
by BSCN
July 7, 2023
BabyDoge expands its services with a multi-chain token locker, now supporting Polygon and Ethereum in addition to BNB Chain—increased adoption expected in the DeFi industry.
BabyDoge, the popular cryptocurrency project, has taken a significant step forward with the launch of its multi-chain token locker.
Initially operating on the BNB Chain, Baby Doge Swap DEX has expanded its services to include the Polygon and Ethereum blockchains. This expansion allows protocols across these chains to lock their tokens on the platform securely.
The introduction of multi-chain support marks a notable milestone for BabyDoge. In March, BSC News reported the protocol's achievement of surpassing $10 million in Total Value Locked (TVL) on the BNB Chain. With the integration of Polygon and Ethereum, the platform aims to attract even more users and increase its TVL as it seeks broader adoption within the rapidly growing Decentralized Finance (DeFi) industry.
Currently, the TVL on the Ethereum chain has crossed the $800K mark, indicating a strong start for BabyDoge's multi-chain expansion. By offering a secure and efficient token-locking solution, the platform enhances the confidence of protocols in the DeFi space, ensuring the safety and integrity of their assets across multiple blockchain networks.
Expanding beyond BNB Chain demonstrates BabyDoge's commitment to providing a versatile and inclusive ecosystem for DeFi participants. By leveraging the capabilities of Polygon and Ethereum, BabyDoge aims to tap into the diverse user bases and thriving DeFi communities on these networks.
As BabyDoge continues to expand its presence across different blockchains, it positions itself as a significant player in the DeFi industry. With a growing TVL and increased adoption, the project is poised to contribute to the evolution and mainstream acceptance of decentralized finance, offering users more options and opportunities in the ever-expanding cryptocurrency world.
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.
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