Logarithmic Finance pre-sales continue as Tron and Polygon announce the achievement of key milestones
Tron (TRX) and Polygon (MATIC) are two cryptocurrency tokens from the premier league of large-cap altcoins. LOG by Logarithmic Finance is an early stage DeFi coin.
Tron reaches $10 billion TVL
The Tron Foundation announced major updates during the weekend update. The total value locked in terms of assets on the Tron blockchain reached $10 billion. The total number of transactions on Tron has reached 3.15 billion. The height of the Tron blockchain has reached 40.39 million and the total number of accounts has reached 90,663,354.
Tron is one of the most used blockchain networks in the world and it keeps building to offer more features to its users. It recently launched a new stablecoin for its users.
Polygon DEX MeshSwap achieves a daily trading volume of USD 40 million
MeshSwap, a decentralized exchange built on top of Polygon, has reached $40 million in trading volume and has become the second largest DEX in the MATIC ecosystem. It will contribute to greater acceptance and use of the Polygon chain.
Polygon has grown into one of the largest Layer 2 solutions and is very well received by developers. Polygon hosts many interesting dApps and has become a hub for staking and DeFi protocols.
Introducing Logarithmic Finance, a one-stop shop for investors and entrepreneurs
The Logarithmic Finance (LOG) platform offers an easy-to-use option to bring project owners and investors together. It will help investors identify unique projects that could generate huge returns. Project owners will be able to raise funds by creating liquidity pools across multiple blockchain networks.
Currently, even on decentralized platforms, liquidity pools are under the control of website owners. Logarithmic Finance is controlled by a DAO and allows users more control over the type of pools provided, and network choice is also up to the participants.
The LOG token will initially be deployed on Ethereum, but will also support other networks such as Avalanche, Binance Smart Chain, Polygon, Solana and Tezos. This interoperability will allow users to access lower gas fees and fast swaps.
Polygon introduces liquid staking
The Polygon platform announced liquid staking via the Stade Polygon network. Users can stake with Stader Polygon and mint a token called MaticX, representing their liquid-staked MATIC. Currently, MaticX delivers 8.5% APY staking rewards. Liquid staking is growing in popularity as users are given more control over their funds and their assets are not locked. It also opens up a world of opportunities by using assets staked on DeFi. Polygon announced the launch of liquid staking rewards by tweeting: “Liquid staking allows users to earn staking rewards for securing the network while participating in DeFi! This week we’re exploring @stader_polygon, a liquid staking protocol, and all the #DeFi opportunities unlocked by staking.”
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