With excitement building around the upcoming EigenLayer token generation event, fueled by several successful airdrops in 2023, a new opportunity has arisen for crypto fans wanting to experience the perks beforehand. Users of BIT Exchange can easily trade EigenLayer Points currently.
BIT Exchange becomes first CEX to offer EigenLayer Points market
The BIT Exchange team announced the launch of a new marketplace, allowing users to trade EigenLayer Points directly on their centralized platform for the first time. This simplifies the process as traders no longer have to engage with decentralized exchanges.
It’s impressive to witness @eigenlayer’s $ELP token surpassing $100,000 in trading volume within a day on @BITCryptoXchg. This emerging crypto project is evidently gaining traction among the community. Feel free to join the excitement – download the BIT app and start trading $ELP right away.
— BIT CryptoExchange | Home for trading BRC20 tokens (@BITCryptoXchg) April 16, 2024
Starting on April 15, 2024, it’s possible to trade the ELP/USDT pair as an innovative prelude to the EigenLayer ecosystem. This early initiative serves as a unique opportunity for forward-thinking individuals to engage with this anticipated system prior to its significant token release event.
By the middle of April, 2024, EigenLayer ranks as the second biggest blockchain protocol in terms of Total Value Locked (TVL), with a collective investment of approximately $12.2 billion from its user base.
The EigenLayer Rewards Program was initiated to recognize and compensate the first adopters of our staking machine with bonus points instead of cryptocurrency, for their engagement in restaking liquid staking tokens (LSTs) on our platform.
In other words, BIT Exchange is pioneering the integration of a centralized exchange (CEX) with a top-tier staking platform, leveraging the advantages of both systems.
Number of EigenLayer Points depositors exceeded 100,000 within 48 hours upon launch
At a recent announcement, Lan, the co-founder and COO of BIT Exchange, highlighted the groundbreaking features of their latest product and expressed enthusiasm over the potential benefits it brings to traders and investors.
The introduction of the EigenLayer Points (ELP) Market marks an important achievement for BIT, as well as the wider crypto community. We’re thrilled to provide our users with the chance to interact with cutting-edge protocols like EigenLayer and be part of the early development of a promising new DeFi solution.
Interested parties showed strong demand for the newly introduced option in the past day, with trading activity surpassing $270,000 and continuing to grow.
Over 107,000 distinct users have tried out the new trading option on BIT Exchange thus far.
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2024-04-17 18:57