According to TechFlow, WOO released a summary of the third quarter of 2024 on its official website. The report shows that the WOO ecosystem has achieved important milestones in various fields:
WOO X launched its largest product launch since the futures market, and its Social Trading Platform has gained widespread popularity in the first few weeks of its launch.
For the first time, the total amount of WOO tokens staked on WOOFi exceeded WOO X, reaching 315 million WOO tokens by the end of Q3, up 14.2% from Q2. WOO token stakers received a total of approximately $1.14 million in actual returns (distributed in USDC), while approximately $107,000 worth of OP tokens were distributed to participants in the initial phase of WOOFi’s new Stake Surge event.
After the launch of its CounterTrading function, the total copy assets in active strategies reached US$3 million, and the total net income generated by copying users reached US$600,000.
The WOO ecosystem has further improved the transparency of the ecosystem by adjusting the token supply and pegging most of the remaining tokens to event-related indicators (the remaining 300 million tokens have been locked and will be unlocked after the following conditions are met: WOO introduces a decentralized, token-based voting mechanism to manage the use of tokens, and the fully diluted market value reaches several key milestones); achieved nearly 20% latency reduction, enhanced crypto asset custody through Fireblocks, and simplified KYC support through third-party provider Sumsub.
WOO Innovation Hub has successfully established partnerships with partners in twelve different tracks to promote innovation and expand its ecosystem.
