SX #31 - Fundamentals > Hype
SX + SharkSwap stable during crypto crash & two new integrations for SX
🦈 SharkSwap and SX stable even in crypto crash
Total value locked on SharkSwap fell slightly from $10m to $8.5m this week. While this isn’t ideal, it’s actually relatively stable given that crypto prices are down 40% across the board this week. TVL in terms of quantity of tokens supplied on SharkSwap grew roughly 20% week-over-week. Adjusting for the collapse in crypto prices, SharkSwap TVL would be roughly $12.5m at the moment.
A community member in the discord pointed out that there is a similar dynamic playing out with the SX Network native token (SX). SX is down roughly 18% over the last two weeks (blue line), but it has outperformed Ethereum (ETH) by 34% (red line) during the same period:
As we head into another potential crypto bear market, the crypto public will look to networks with strong fundamentals that are category leaders in their space. Given that SX Network is both highly profitable and the undisputed leader of blockchain betting markets, this downturn will likely prove to be a tremendous opportunity for cementing the dominance of the SX Network ecosystem.
🏦 Both SharkSwap and SX Network stand to benefit from the inevitable migration in interest towards fundamentally-sound crypto platforms 🏦
🦙 DeFi Llama integrates SX Network & SharkSwap
The world’s largest tracker of DeFi data and blockchain activity officially integrated both SX Network and SharkSwap into their platform:
Here’s a preview of the DeFi Llama SX Network interface:
📊 As SX Network gets integrated into more and more platforms like DeFi Llama, it becomes even more ubiquitous and easier to monitor! 📊
🤝 Tin integrates SX Network & SharkSwap
Tin Network provides a simple dashboard for DeFi — easily track and visualize all your DeFi assets and liabilities in one simple interface. With Tin, you can enter your wallet address and see a comprehensive portfolio of assets held on SX Network (and other EMV-compatible chains) including farms, liquidity pools, tokens, and NFTs.
By aggregating Ethereum, Polygon, and SX Network DeFi assets on one dashboard, the UI/UX enables portfolio management capabilities such as profit & loss analytics, asset allocation information, holdings and tax reporting, fear/greed indexes, and top cryptocurrency winners & losers.
Additionally, Tin Network has integrated SharkSwap so users can effortlessly track yields and rewards earned from the DEX. Tin helps over 94,000 investors track roughly $3,243,027,923 in holdings and further validates SX Network and SharkSwap to be integrated on their platform.
📢 The Tin Network integration also comes with a large co-marketing campaign to further amplify awareness of SX Network to DeFi traders 📢
About SX Network
SX Network is the first blockchain to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. SX Network consists of three core platforms:
SX.Bet — The largest blockchain prediction market site that has facilitated $180M in trades on sports, politics and crypto markets.
SX Protocol — A smart cont primitive that powers SX.bet and has accrued over $2.5M in fees for the SX Network treasury.
SX Blockchain — The first layer two blockchain built on top of and in partnership with Polygon, that is focused on scaling betting, DeFi and NFT applications.
SX Network is a stand-alone smart contract blockchain built on Polygon Edge. It is designed from the ground up for blockchain application developers with EVM-compatibility, low-cost transactions, and a PoS-based consensus model.
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