The decentralized exchange (DEX) running on the Layer 2 Blast network, Ring Protocol, has announced the launch of its own RING token. Users can now convert their Ring Points into the RING token in the Redeem section. In addition, Ring introduced the RING token pool. 💰🔄

Ring Protocol, a decentralized finance (DeFi) protocol, recently surpassed $500 million in total value locked (TVL). The RING token model incentivizes liquidity providers on the platform.

Users wishing to purchase the RING token can do so through activities such as farming, providing liquidity, and participating in community events and campaigns.

Ring Protocol strives to create a universal liquidity protocol aimed at maximizing asset utilization. Currently, billions of dormant assets are stored on the blockchain while thousands of cryptocurrency projects face liquidity shortages.

Since launching this year, Ring Protocol has stood out as a prominent DEX on Blast, including over six protocols and surpassing the milestone of over 100,000 registered wallets.