Gains Network: The Rising Lockup Volume on Arbitrum and Polygon

03/21/2023 19:23 • Tech Trends • 96 views

According to reports, according to data from Defellama, up to now, the total lockup volume of Gains Network is $51.06 million, including $34.84 million on Arbitrum and $16.23 million on Polygon, with a growth rate of 11.33% in the latest month.

Data: Gains Network’s total lockup is $51 million

As the world of blockchain technology continues to grow, more and more projects are emerging, each with their unique features and characteristics. Gains Network is one of those projects that has been gaining popularity in recent times due to its unique approach to yield farming. According to data from Defellama, the total lockup volume of Gains Network has reached an impressive $51.06 million. This growth rate is due to the platform’s ability to provide high yield rewards to users.

What is Gains Network?

Gains Network is a yield farming platform built on the blockchain technology that enables users to earn rewards by participating in liquidity pools. The project utilizes a dual farming mechanism that allows users to farm two different tokens at once. It also employs a unique token distribution system that enables users to earn high yields without exposing them to market volatility.

The Total Lockup Volume of Gains Network

According to data from Defellama, the total lockup volume of Gains Network has reached an impressive $51.06 million, including $34.84 million on Arbitrum and $16.23 million on Polygon. This growth rate corresponds with an 11.33% increase in the latest month. The continuous surge in lockup volume can be attributed to the platform’s unique approach to yield farming.

Gains Network on Arbitrum

Arbitrum is a popular layer 2 scaling solution built on the Ethereum network that enables faster and cheaper transactions. Gains Network has integrated with Arbitrum to provide users with faster transactions and lower gas fees. The platform’s lockup volume on Arbitrum has reached $34.84 million, and this growth rate is expected to continue as more users adopt the platform.

Gains Network on Polygon

Polygon, on the other hand, is a layer 2 scaling solution that has been gaining popularity due to its ability to provide faster and cheaper transactions. Gains Network has integrated with Polygon to provide users with a cheaper and more efficient platform. The lockup volume on Polygon has reached $16.23 million, and this growth rate is expected to continue as more users adopt the platform.

The Future of Gains Network

The future of Gains Network looks promising, thanks to the integration with scaling solutions like Arbitrum and Polygon. As more users adopt the platform, the lockup volume is expected to increase, providing even higher yields to users. The project’s unique approach to yield farming makes it an attractive option in the current market, and this is expected to continue.

Conclusion

Gains Network is a rising project in the blockchain industry that has been gaining attention in recent times due to its unique approach to yield farming. The total lockup volume of the platform has reached $51.06 million, with a significant amount of this on Arbitrum and Polygon. The continuous surge in lockup volume is expected to continue as more users adopt the platform, providing even higher yields in the future.

FAQs

Q1. What is Gains Network?
A1. Gains Network is a yield farming platform built on blockchain technology that enables users to earn rewards by participating in liquidity pools.
Q2. What is the lockup volume of Gains Network?
A2. According to data from Defellama, the total lockup volume of Gains Network has reached $51.06 million.
Q3. What is the growth rate of Gains Network in the latest month?
A3. Gains Network has experienced a growth rate of 11.33% in the latest month.

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