Daily Top Mover — Hashflow (HFT)
Stocks continued to fall as last Friday’s strong payroll report surprised the market, with the 10-year treasury climbing by 12 basis points overnight. Meanwhile, the broader cryptocurrency market follows the footstep of equities, with Bitcoin and Ether down by 0.65% and 0.54%, respectively, in the past 24 hours. The top mover for today, HFT, registered a 24-hour return of 10.42%, outperforming the broader market due to growing trading volume.
HFT is the native token of Hashflow, a decentralized exchange that features interoperability, zero slippage, and MEV-protected trades. Based on a request-for-quote model, Hashflow does not charge transaction fees and executes trades at the displayed price. The recent outperformance comes as its trading volume remained resilient throughout January, with Ethereum being its top trading blockchain. Moreover, Hashflow announced its one-year roadmap of late, creating value for the native token by adding new products, including Hashverse, a gamified staking product that rewards users with in-game NFTs.
Check Out the Latest Prices, Charts, and Data for HFT/USDT!
Talk of the Town
The largest decentralized exchange on Avalanche, Trader Joe, announced turning its native token, JOE, into an omnichain token with the LayerZero partnership. LayerZero is a prominent new cross-chain communication primitive that empowers a suite of omnichain applications. The integration will enable JOE to be transferred among blockchains that Trader Joe operates freely. The omnichain technology from LayerZero is widely considered a safer option as compared to token wrapping.
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Check out what else is buzzing in the crypto scene today:
Sberbank, Russia’s largest bank, is expected to release a DeFi platform by May. (Link)
U.S. lawmakers were told to pay back the FTX donation. (Link)
A16z delegated its votes to a group that opposed Uniswap’s deployment on BNB Chain. (Link)
StarkWare partners with Chainlink Labs to expand StarkNet capabilities. (Link)
Digital bank Revolut is to offer crypto staking. (Link)
Source: Bybit Blog | HFT Soars Following Resilient Trading Activities; Trader Joes Launches Omnichain Token
