Having a Deep Liquidity for Hive on DEXs is now More Important than Ever

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Hi, everyone! The Hive inbound route is up and running on LeoDex, now arbitrage can happen and the community can start buying HIVE with other L1 tokens.

In this clip:

  • CEXs are experiencing turbulence with CZ's sentence
  • That is another indicator to have DEXs with volume for HIVE
  • We need to get Hivers to use LeoDex for their swaps and increase volume
  • It’s important to get that flywheel kickstarted
  • The first big transaction from the Maya community in LeoDex

Recent news has generated turbulence around CEXs post-CZ's sentence. It's a clear sign that having DEXs with substantial liquidity and transaction volume for HIVE is more important than ever.

We're on a mission to rally Hivers to embrace LeoDex for their swaps, now that it has good pricing and is easy to use, driving up that critical trading volume. Kick-starting this flywheel is key; it’ll start slowly, but the growth will come.

This week we had the first major transaction coming from the Maya community in LeoDex, which generated $50 in revenue that buys half LEO half CACAO and pools it. This is one transaction; imagine several of them in a day.

To start the flywheel effect and impulse the growth of LeoDex is critical. I’ll be talking about this in The Lion's Den, today at 1PM EST with @taskmaster4450le in X Spaces.

Posted Using InLeo Alpha

hive-167922 hive development leodex flywheel dex maya ctp oneup palnet
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Interesting!
I like the speed at which Inleo is growing, together with Hive.

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Started to use Leodex.io after buying gas ⛽ with Leo.
Using Kuji I was able to buy some Cacao

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Is it possible to have community wars on LeoDex just as was planned for PolyCUB?

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