Beamswap monthly recap #30
Moonbeam Ecosystem Grant Rewards, boosted activity, and record-breaking daily and total volume marks on the Beamex DEX.
The summer is here, Beamswap & Beamex fams! 😎 Here is your dose of vitamins De and Fi, and some highlights of what’s been cooking in the past few weeks.
Let’s take a dive.
🚀 Growth
🟣 Moonbeam Ecosystem Grant
The month started off with the launch of Season 3 of Moonbeam Ecosystem Grants.
Following the community approval, the top projects moving the needle in the Moonbeam ecosystem — Beamswap included — were rewarded with shares of the network’s funds to accelerate adoption.
Soon after, the Grant Rewards went live on Beamex, more specifically, the Beamex Liquidity Pool.
The platform users were up for increased $GLMR earnings as a thank-you for providing liquidity and sustaining the trades for everyone involved. 💪
📈 Beamex
🟣 Boosted activity
The impact of Moonbeam Network’s Season 3 Grants reached even further and left a significant mark on the platform.
Increased rewards boosted the daily trading activity on Beamex and — subsequently — the entire Moonbeam Network.
This outcome is also a result of Gauntlet’s recommendation on grant rewards allocation — a big thanks to Gauntlet for recognizing Beamex as one of the ecosystem innovators worthy of getting a boost! 🚀
Start trading crypto with leverage now 👉 https://beamex.exchange
🟣 Daily volume going up
The Beamex exchange showed some big moves in the past month.
The only platform for decentralized crypto trading on Moonbeam hit $2,500,000+ in daily volume!
Not only that, the number was achieved with only a tad over $114,000 TVL in Beamex’s $BLP liquidity token.
The Beamex fam is all ready and set for the Moonbeam Ecosystem Grants going live on July 14!
🟣 Total volume to new heights
The growth in total volume on Beamex was no different.
First, the only perpetual decentralized exchange on Polkadot surpassed $90M in total volume.
And, soon after, the counter added another zero. By smashing right through the 9-figure total volume mark just days later, the Beamex exchange proved it was designed for great things. 🚀
Trade $DOT, $BTC, $ETH, $GLMR, $USDC and $USDC with up to 50x leverage on Beamex! 👉 https://beamex.exchange
Beat the summer heat and cool off in the DeFi shade on the Moonbeam Network.
Stay hydrated and tune into the Beamswap social channels for more juicy updates. See you on the other side! 🚀
About Beamswap & Beamex
Beamswap is a DeFi Hub built on the Moonbeam Network featuring a decentralized exchange (DEX) and an automated market maker (AMM). It gives users the freedom of adding liquidity, performing peer-to-peer transactions, swapping fungible tokens, and earning passive income from staking and yield farming. Beamex is the only perpetual DEX on the Moonbeam Network, allowing you to trade crypto derivatives with leverage directly from your wallet.
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