Looks like another productive week has passed at Parex Network. They’re still going strong in their mission to build out their ecosystem. This week, they’ve been focused on RaccoonSwap, their upcoming decentralized exchange, and getting press coverage for it. Here’s a recap of this week’s highlights.
RaccoonSwap Overview: Crypto On-Ramps Matter
RaccoonSwap is set to shake up the crypto trading scene. They're gearing up for its launch, and they know that crypto on-ramps will play a key role in getting decentralized exchanges into more hands. These on-ramps let newcomers trade fiat for cryptocurrencies and are essential for getting into DEXs like RaccoonSwap. Making that transition easier could help onboard more users to decentralized exchanges.
Technical Updates and Financial Insights
RaccoonSwap Technicals: All Set Up
RaccoonSwap made some big strides this week with the successful deployment of its Factory and Router contracts. These are the foundation of their decentralized exchange, and they've been verified on the Parex Blockchain Explorer. With the tech side wrapped up, the focus is now on launch preparation, ensuring a smooth experience for users.
Crypto asset management platforms are changing the way decentralized exchanges grow, enhancing security and automating trade processes, among other things. All this is important for adoption.
Press Outreach: Spreading the Word
They’ve got a press article in the works, highlighting Parex Network’s recent accomplishments and future ambitions. This will help introduce them to new audiences and reinforce their commitment to being transparent and innovative. These efforts are crucial for raising awareness and credibility in the blockchain and Web3 space.
Engaging the Community and Growing the Ecosystem
As RaccoonSwap's launch approaches, their focus is shifting to deeper engagement within the blockchain community. They aim to not just launch the DEX but also strengthen their ties with the audience, encouraging community participation, partnerships, and accessibility.
Community engagement is essential for DeFi platforms. It fosters trust, participation, education, and growth while empowering users.
Weekly Staking Update: Strong Activity
This week, Parex Network saw a lot of staking activity:
- Locked Staking: 76,543 PRX added to the locked contract.
- Unlocked Staking: 100,781 PRX staked in the unlocked contract.
The total value locked (TVL) is looking good too:
- Locked TVL: 10,487,580 PRX
- Unlocked TVL: 774,114 PRX
Financial Insights: Understanding the Market
The integration of crypto asset management platforms enhances security, automates trading, expands capabilities, improves liquidity, and fosters community-driven innovation. These factors are key for DEX growth.
Social Media Growth and Web3 Opportunities
Social Media Growth: Expanding Reach
Their social media engagement is on the rise too:
- Twitter:
- Parex Network: 34.2K followers
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Raccoonswap: 163 followers
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Telegram:
- Community Channel: 11.3K members
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News Channel: 5K members
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Medium:
-
485 followers
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Discord:
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197 members
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CoinMarketCap Community:
- 168 followers
Web3 Opportunities: New Horizons
This growth is a clear sign that interest in Parex Network and RaccoonSwap is growing. They’re also looking into Web3 opportunities, using blockchain analytics to understand user behavior better. This could help tailor their offerings to meet community needs.
Summary: Onward and Upward
In summary, it's been a big week for Parex Network. With the technical side of RaccoonSwap set, they're gearing up for launch. Their press outreach is designed to boost visibility, and community engagement is key to building a stronger ecosystem.
Looking ahead, they're committed to creating a transparent, user-centric ecosystem that changes the trading game. The integration of crypto asset management platforms, the importance of crypto on-ramps, and a community-driven approach will drive the growth of decentralized exchanges like RaccoonSwap.
