Weekly Update April 2-April 8, 2022: Sphynx Labs Continues to Grow as the Market Turns Red
Sphynx Labs has seen significant success over the past week with the release of the new brand Sphynx Labs token on BSC and the announcement of the new marketing team.
Sphynx Labs has surpassed $1 million in LP throughout its farming and staking pools, marking another major achievement. The Sphynx dAPP’s total locked liquidity has likewise topped $10 million. More people will become aware of Sphynx Labs’ offerings when more projects debut on the SphynxPad and opt to place liquidity with the swap.
After the relaunch of the new Sphynx Labs BSC token, the project never looked back. $SPHYNX knocked off a zero and hit an $18 million market cap, nearing its all-time high. The Sphynx BRC token also saw significant growth where it hit new all-time highs by surging past the $8 million market cap.
On Friday, April 8, 2022, $SPHYNX became available for public trade on the centralized trading platform DigiFinex. DigiFinex is a user-friendly Cryptocurrency trading platform with more than 4 million members from over 150 countries. This is the first CEX listing for Sphynx Labs, and the increasing transaction volume will bring many more eyes to the project, as this is the first public listing of $SPHYNX anywhere. To assist the strong presence on DigiFinex, Sphynx received the top promotion upon launch, where users will be to see the Sphynx advertisement on the home page.
The Sphynx Labs team also burned over 11 million tokens worth approximately $132,000. Sphynx can restrict the supply by burning these tokens while still providing high APYs for the staking and farming pools. As a result, Sphynx Labs has determined that the token’s maximum supply will be 1 billion.
Dex Screener is now integrated with Sphynx Labs. Dex Screener is a DEX aggregate service that lets users see tokens and DEXs from various chains. Furthermore, site users may trade directly on multiple DEXs, such as Sphynx, simply by clicking trade without ever leaving the site.
After a good week in the Crypto market from Mar 24-Apr 1, this past week brought the bears. Bitcoin hit the support line of 42k, Ethereum fell to $3.2k, and BSC to $420. It is not easy to figure out where the market will go, but the market consolidation shows healthy and positive signs for this new asset class.
There is much more to come with Sphynx as more and more projects are launching and staking on the platform , more utilities such as the Sphynx Wallet and Sphynx App will be coming out, and great partnerships to be announced. Stay tuned for Sphynx’s Weekly Updates posted every Sunday or be informed on the Sphynx Telegram, Twitter, and Instagram pages.
DEX: thesphynx.co
Website: sphynxlabs.co
Links: linktr.ee/SphynxLabs
