News24 September 2021

The Launch of DeFi Terminal 2.0 Rallies LCX Prices Upwards Of 300%

Terminal 2.0 Rallies LCX Prices Upwards Of 300%

Summary

  • LCX releases DeFi terminal 2.0 update, the Fire Salamander DEX aggregator
  • The update aims to offer a better user experience on the platform
  • Updates added six new decentralized exchanges
  • The price of LCX token experiences a 400% increase

As more digital currency investors rally behind DeFi projects and platforms, LCX exchange saw an opportunity to offer centralized and decentralized services, which has caused a significant rise in the value of LCX, its native token.

On September 17, LCX released a DeFi terminal 2.0 update referred to as the Fire Salamander DEX aggregator. This update aims to offer a better user experience on the platform. It integrated six DEXs into its interface and improves gas efficiency.

The new decentralized exchanges added with the update include Luaswap, baswap, Emiswap, Swipeswap, Youswap, and Polyient Dex. This brings the total number of integrated DEXs to thirteen.

According to data obtained from CoinGecko, the price of LCX has blown up by more than 400% since its last dip in August. It was standing at $0.1775 as of September 18. The trading volume for that day was 700%, equivalent to $7.6 million.

The release of the LCX DeFi terminal, increase in TVL, and trading volumes on Uniswap, and the LCX exchange expansion are some of the reasons attributed to the rise in the price of LCX tokens.

Kibet Elikana
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