Genius Terminal, a cross-chain trading platform supported by Binance founder Changpeng Zhao's YZi Labs, has made headlines with its impressive trading volume since its public launch in January. The platform's rapid growth highlights the increasing interest in cross-chain trading solutions in the cryptocurrency market, and the publication demonstrates positive momentum in the developments.
Genius Terminal's Impressive Trading Volume
Since its launch in mid-January, Genius Terminal has recorded over $157 billion in weekly trading volume, attracting around 30,000 wallets. This surge in activity has resulted in a lifetime trading volume of $233 billion, a significant leap from the $60-160 million processed during its beta testing phases.
Driving Forces Behind Trading Activity
The platform's trading activity has been predominantly driven by EVM-compatible networks, reflecting the growing demand for interoperability in the crypto space. This uptick in trading coincided with YZi Labs' announcement of a multi-figure investment and the appointment of Zhao as a strategic advisor on January 13, further solidifying the platform's position in the market.
In a notable contrast to Genius Terminal's recent trading success, NEAR Intents has achieved a remarkable trading volume of 10 billion, marking its rapid growth in the cross-chain trading space. For more details, see the full article here.
