Gains Network’s TVL more than doubled since the beginning of 2022. At the time of writing, GNS shot up by almost 40%. Gains Network [GNS] was having a dream run at the crypto market, and now optimists have one more reason to cheer. The protocol’s native token, GNS, was all set to be listed on […]
According to data from Token Terminal, the protocol’s user fees expanded by almost 280% over the last 30 days while the revenue grew by over four times in the same period. High user fees have historically attracted liquidity providers towards a DeFi protocol. On the other hand, an increase in GNS holders’ revenue would boost the demand for the token in the short run.
, alongside established market players. The DeFi protocol clocked the best month-over-month growth when compared to other exchanges which were above it on the list.The total volume locked on the protocol’s smart contracts, considered as the best measure to gauge a DeFi protocol’s health, narrated a successful story as well. The value has jumped to more than $48 million at press time from $19 million at the beginning of 2022, a gain of more than 150%, as per DeFiLlama.
At the time of writing, the weighted sentiment for GNS was positive, indicating good response from the investors. The social buzz has also picked up in the last couple of days.The price of GNS has jumped from a little over $3 to $11 at press time, recording an astonishing jump of 230% in the last 30 days. While it remained a smaller player in the DEX landscape, the press time momentum could propel it to new heights.Subscribe to get it daily in your inbox.
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