YuzuSwap, the first decentralized exchange to work on the network Oasis, has seen rapid appeal since its January 11th launch.
🍊🍊To The Moon🚀🚀, YuzuSwap is LIVE on Mainnet guys🔥, thanks for your support😍, it means a lot for us and gives us a reason to work twice as hard for you💪#YuzuSwap #YUZU #MMainnet #OasisProtocol #DEX #DeFi #20M https://t.co/ThnWYsGcNo pic.twitter.com/iLhxEYMKe0January 11, 2022
During the first 24 hours of operation, YuzuSwap achieved a total locked value (TVL) up to 100 million dollars. The trading volume in the same time frame is $323 million.
👀 More than $100m in Total Value Locked in record time, 13 hours since launch! 👏https://t.co/BGRYkJ75uZJanuary 12, 2022
YuzuSwap is built using Emerald, a featured smart contract fully compatible with virtual machines. Ethereum (EVM) by Oasis. YuzuSwap was once set by Oasis with great ambition after deploying ParaTime on the mainnet.
In terms of features, YuzuSwap uses a peer-to-peer automated market maker to provide users with low-cost token swaps on Ethereum and within the Oasis ecosystem, and also support token transfers from six blockchain other through the platform's mainnet.
YuzuSwap launched on the same day as the event Binance Labs, the exchange's investment fund cryptocurrency Binance, announced a $40 million investment in Oasis Network. In addition, in November, Oasis also received support from other large investment funds such as Hashed, Jump Capital, NGC Ventures, Pantera Capital and Dragonfly Capital to launch a potential $160 million ecosystem development fund.
The positive news flow contributed to the increase in the value of ROSE, the token of the Oasis Network. ROSE is recorded trading at $0.499, up 14.2% in the last 24 hours. Although the market is still quite stagnant due to the disruption of Bitcoin (BTC), but ROSE has maintained gains of 43% over the past two weeks and 67% for the month.