In the realm of decentralized finance (DeFi), a new player has emerged, poised to revolutionize the way traders engage with the market. LEVEL, an omnichain liquidity marketplace, has taken the DeFi world by storm, experiencing meteoric growth and success on BNB Chain. Now, LEVEL is embarking on a new chapter in its journey, expanding to Arbitrum, a thriving DeFi ecosystem known for its liquidity, user base, and sustained growth.
LEVEL’s Meteoric Rise on BNB Chain
LEVEL’s debut on BNB Chain was nothing short of spectacular. In its first month alone, the platform witnessed a staggering $320 million in volume traded, $400k in fees generated, and amassed a community of over 1000 enthusiastic members. This remarkable momentum continued, with LEVEL achieving $1 billion in trading volume and $8.3 million in fees in just 55 days. Today, the total volume traded on LEVEL stands at an impressive $17.4 billion, of which $14.5 billion is attributed to leverage trading volume. The platform’s total collected fees have surpassed $22 million, distributed among Liquidity Providers (LLPs), LVL Stakers, LGO Stakers, DAO Treasury, and Protocol Development.
Arbitrum: The Next Frontier for LEVEL
LEVEL’s expansion to Arbitrum is a strategic move driven by the platform’s desire to tap into Arbitrum’s deep liquidity, DeFi-native user base, and sustained growth in unique addresses post-airdrop. Arbitrum’s thriving DeFi ecosystem, coupled with its active and engaged user base, presents an ideal environment for LEVEL to further expand its reach and solidify its position as a leading omnichain liquidity marketplace.
LEVEL’s Ambitious Vision for the Future
LEVEL’s aspirations extend far beyond its current success. The platform envisions becoming a key piece of the wider omnichain infrastructure, enabling seamless cross-chain trading and unlocking new possibilities for DeFi users. To achieve this ambitious goal, LEVEL is actively building cross-chain infrastructure, including the migration of its LVL and LGO tokens to the ‘Omnichain Fungible Token’ (OFT) standard. This strategic move will facilitate cross-chain aggregation of fees and unification of the DAO treasury, further solidifying LEVEL’s position as a truly omnichain platform.
Bridging Liquidity and Community to Arbitrum
To ensure a smooth transition to Arbitrum, LEVEL is taking proactive steps to bridge liquidity and foster community growth. A substantial amount of LVL, approximately 5 million tokens, is being bridged to Arbitrum using LayerZero’s technology, serving as a catalyst for liquidity and trader activity. Additionally, liquidity is being strategically migrated from BNB Chain to Arbitrum, including LVL/USDT Liquidity and LEVEL Trading Pool Liquidity, ensuring a seamless and uninterrupted trading experience for users across both chains.
Exceptional User Experience and Future Developments
LEVEL is committed to delivering an exceptional user experience, prioritizing user-centric design and intuitive functionality. The platform is actively pursuing partnerships with Tier-1 projects to further enhance its offerings and expand its ecosystem. Additionally, LEVEL is developing a first-of-its-kind utility-based NFT exclusively for the LEVEL community, adding an exciting new dimension to the platform’s user engagement and loyalty initiatives.
Bonus: LEVEL’s vision for the future is nothing short of transformative. The platform aims to become a leading omnichain trading platform and a multi-chain liquidity aggregator, revolutionizing the way people engage with DeFi and transforming their trading experience. LEVEL’s commitment to innovation and its unwavering focus on user satisfaction position it as a game-changer in the DeFi landscape, poised to disrupt the status quo and usher in a new era of seamless, efficient, and accessible trading.
As LEVEL embarks on this exciting new chapter in its journey, the DeFi community eagerly anticipates the platform’s continued growth and the positive impact it will have on the wider DeFi ecosystem. With its ambitious vision, innovative approach, and unwavering commitment to excellence, LEVEL is poised to redefine the boundaries of DeFi trading and redefine the way traders interact with the market.
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