The financial market in general and crypto in particular are undergoing extremely profound changes after 4 years, since the outbreak of Covid-19. Many things are born and many things are lost, but one thing is always true: innovation and development.
Among those thousands of innovators, BNB Chain is a prominent name. This ecosystem is gradually escaping the shadow of a blockchain with cheap gas fees, of game titles and is always mentioned as the world's largest blockchain based on the number of wallet addresses. Now we are witnessing the transition moment of BNB Chain to the DeFi generation, and the most obvious changes are taking place in DeFi projects built on BNB Chain. And the project I am referring to here is DODO Chain, or @DODO - the giant that has been sleeping for 4 years is gradually waking up. So what earthquakes will DODO Chain create in the near future? Please read the following article carefully, guys.
1. History of DODO.
Launched in May 2020, DODO has become one of the most prominent names at that time with its unique Proactive Market Maker (PMM) algorithm that focuses liquidity on oracle prices to improve capital efficiency and improve exchange rates for mainstream assets. DODO has been continuously evolving since then, gradually adding extremely powerful weapons such as Swap Aggregator DODOX, Limit Orders, Crosschain Swap Aggregator, Launchpad, Token Creator and Trading Widgets.
With deployment across 14 blockchain ecosystems, the total transaction volume generated by DODO is over $141 billion with over 24 million transactions, attracting over 3.31 million users globally.
The launch of DODOchain in April 2024 marks a major step towards making DODO an Omni Trading DEX, allowing the platform to unify liquidity from multiple ecosystems and support direct asset trading on Ethereum and Bitcoin.
2. Features.
$DODO 's has the following main features:
DODO X: DODO X has emerged as an innovative solution in the world of decentralized finance, both as a super aggregator and a cross-chain trading platform. Basically, DODO X is committed to providing an excellent trading experience, for example, users can trade at the best price with a high success rate, smooth user experience, and extremely convenient operational functions.
Liquidity Pools: Liquidity Pools on DODO not only allow users to provide liquidity to any pool, but also allow users to create multiple pools based on different assets and needs. For example, the default Pegged Pool is designed for stable tokens and LRT assets, ensuring efficiency and stability for liquidity, while the Private Pool is designed for Market Makers, providing a more personalized liquidity environment with greater control over trading strategies and parameters.
Mining: DODO Mining not only brings more profit to LPs but also allows users to initiate their own Mining. This allows everyone to create their own mining operation with any pool on DODO and supports providing any token as reward.
Crowdpooling: Crowdpooling is a method of distributing tokens and creating new markets. It allows people to raise capital and distribute their own tokens while ensuring instant liquidity for new tokens.
Token Creation: This feature allows anyone to create their own tokens without any programming experience, allowing for one-click token issuance on over 16 different blockchains at extremely low cost and with incredibly powerful parameter configuration capabilities.
With a seamless and powerful toolkit, the new DODO can help anyone create their own meme tokens, raise capital on DODO, and provide liquidity on DODO itself. This seamlessness can create a MeMe craze across all 16 blockchains that DODO supports.
With the birth of DODO Chain, DODO Chain and DODO will pave the way for the movement of money throughout the Web3 ecosystem, from BTC Layer 2 to Ethereum and even nonEVM like TON,... In addition, DODO's token can become a basic asset class and stake on itself, increasing transaction volume and revenue, while promoting deeper interactions with more protocols and funds, facilitating value addition for the entire project.
3. Investment potential in $DODO .
In the first half of 2024, with the launch of EigenLayer, we witnessed an explosion of LSDFi projects with unprecedentedly high FDV in previous cycles, with the average valuation of projects upon listing falling to around $1 billion (according to data from Web3 Daily Research). That hot growth seems to be a process of burning stages compared to the usual, it creates dumping pressure on the entire market and token holders, causing most of the tokens of those projects to have no room to grow and head into the ground.
In the context of users gradually losing faith in LSDFi projects, DODO's transformation has breathed new life into the LSDFi sector, which is considered the backbone of DeFi and the entire crypto industry. With low valuation, convenience and many cool weapons waiting to be launched, DODO's capitalization is completely capable of being many times higher than the current 100 million.
Keep in mind the current price of DODO below and wait to see where it goes.
