Gains Network registered a sharp uptick in trading fees. The protocol’s native token was up by 7% at press time. Gains Network [GNS], a decentralized perpetuals exchange, was making rapid strides in the DeFi ecosystem. According to a post by Wu Blockchain on 24 January, Gains Network touched a cumulative transaction volume of more than […]
into the list of top 10 decentralized exchanges . As highlighted above, much of it has been powered by an increase in trading fees. In fact, the network saw the highest growth in trading fees over the last seven days.The total funds locked into the protocol’s smart contracts jumped to its ATH, as per data by DeFiLlama. The chart showed an almost vertical uptick in TVL over the past one week.
This added more evidence to GNS’ increasing stature in the DeFi ecosystem.The temptation of high trading fees and increased earnings might have fueled the demand for the network’s native token GNS. At the time of writing, GNS exchanged hands at $4.71, a jump of about 7% from the previous day, perThe token has expanded by almost 50% over a week’s time, indicating that price has reacted to the growth of indicators in the same time period.Subscribe to get it daily in your inbox.
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