The world’s largest crypto alternate platform by buying and selling quantity is abruptly including help for one decentralized finance (DeFi) utility (DApp), inflicting its native token to skyrocket.
In a brand new announcement, Binance says it’s including help for DeFi App (HOME), a DApp that goals to simplify decentralized buying and selling in addition to make it extra accessible.
After the addition, HOME skyrocketed, going from a low of $0.0201 on June tenth to a peak of $0.038 simply two days later. The token has since retraced and is buying and selling for $0.033 at time of writing, a achieve of 10.3% over the past 24 hours.
HOME was additionally added to Binance’s HODLer airdrops, a program launched in June 2024 that rewards traders holding Binance’s native asset BNB with crypto belongings primarily based on earlier snapshots of their balances.
On its official webpage, the builders behind DeFi App state that the challenge goals to deal with a number of challenges confronted by crypto customers, together with the danger of errors, fragmented digital asset ecosystems, points with centralized alternate platforms, and steep studying curves.
“For those who’re new to crypto and DeFi, Defi App simplifies getting began. You received’t want to grasp bridging, fuel charges, or advanced pockets setups – simply observe a number of easy steps to arrange your crypto pockets, fund your account, and begin swapping.
For degens already acquainted with DeFi, Defi App gives superior instruments to handle a number of wallets throughout chains, leverage seamless swaps throughout EVM (Ethereum Digital Machine) and Solana, and make the most of on/off-ramp integration – all from one platform.”
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