Happy 2nd Birthday, Beamswap! 🎂
On this day, we celebrate you, too, dear Beamswap supporter. Here’s to the third year of our shared journey!
📈 From humble beginnings to a DeFi trailblazer
On this day two years ago, a new player hit the Moonbeam DeFi scene. And it hasn’t left it the same since.
Beamswap and its decentralized exchange with an automated market maker (AMM) launched its initial batch of DeFi services and opportunities for the Moonbeam-based audience.
The platform release was complemented with the launch of GLINT, Beamswap’s native token and core platform-growing asset.
How it started…
The DeFi services offered at the release of the Beamswap DeFi hub included:
🟣 DEX & AMM
🟣 Yield farms
🟣 Beamshare
🟣 Liquidity provider token locker
🟣 Integrated EVM bridge
🟣 GLMR faucet
And they were used, alright.
In the first day (yes, 24 hours) of its official operation, Beamswap raked in some mind-boggling numbers. 🚀 And since then, it’s only gone uphill.
…And how it’s going
Fast forward to today, Beamswap has grown into a mature platform with a myriad of opportunities for Web3-based portfolio building, passive income streams, and decentralized crypto trading.
In two years, Beamswap DeFi hub has transformed from an AMM-based platform to a CLMM or v3 DeFi platform, allowing for greater cost and portfolio optimization.
All the constant changes, tweaks, and upgrades paid off. According to DeFiLlama, a leading analyst of the DeFi space, the all-time trading volume on Beamswap has already crossed the $500,000,000 mark and keeps growing.
Then, at the beginning of last year, the platform expanded with a decentralized take on trading crypto futures — Beamex, a perpetual DEX on Moonbeam, was born.
To this date, the total trading volume on Beamex has surpassed the $30,000,000 milestone and keeps on accumulating.
And just recently, both Beamswap and Beamex merged under a unified UI, bringing all the DeFi and decentralized crypto trading opportunities to every user under one roof.
The platform’s native GLINT token remained a staple. However, Beamswap’s SHARE token has been replaced by stGLINT, which introduced the potential for greater utility of platform-native assets beyond staking.
Today, the GLINT and stGLINT brothers are serving some neat numbers:
🔒 Over $1,000,000 in total value locked (TVL) of stGLINT
🔑 Over $2,000,000 staked in GLINT
🔥 Over 250,000,000 GLINT burned from the circulating supply
👪 It takes a village
Honestly, it’s been a wild ride.
But the numbers only tell a part of the story. The other part, and arguably an even greater achievement, is having attracted — and grown — the incredible Beamswap community, which has made all this possible and brought Beamswap to the top of the DeFi ecosystem through daily engagement.
Every transaction, every swap, every stake on the platform. Every tag, like, and share on X. Every message, meme, and sticker on Telegram.
Every seemingly little thing has left a big mark and made collective history. But Beamswap today is greater than the sum of its parts.
It’s a community-first DeFi platform. And we are immensely grateful to all of you for keeping us company on this crazy journey.
Thank you. 🎂
Here’s to the next year around the DeFi sun! 🚀
About Beamswap
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. Beamswap will support the growth of Moonbeam’s ecosystem and act as a launchpad for new projects developing on the network. Our team’s mission is to aid in the multichain vision to serve as a host for projects on the Moonbeam & Polkadot Ecosystem while working alongside projects with existing infrastructure looking to bridge into the multichain universe.
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