Weekly Update: Aug 5–11, 2022
The Crypto market has been showing bullish signs, with BTC crossing 24k again, ETH hitting $1,900, and BNB over $325. Could this be a bear trap or a sign for good times up ahead? It does not matter because Sphynx Labs continues to innovate and push forward.
USDC bridge for BRISE is now live! Users will be able to bridge USDC from BSC or the CRO network to BRC. Furthermore, users can add USDC BRC and earn Sphynx in a pool comparable to the ones on BSC and CRO (coming soon).
Sphynx Labs recently sponsored a local MMA event which streamed online, and the results were positive. Many downloads from the night, a few NFTs were purchased, and many people were interested in Sphynx.
CEO Lonzo announced this past week that he would share and reveal a new sponsorship on Friday, August 12, 2022. This next sponsor is above the previous event in terms of recognition and exposure, and Sphynx will be sponsoring a fighter who will be fighting in about ten days. The event will be streamed on UFC Fight Pass and viewed on Fight Pass and ESPN.
This fighter trains very closely with UFC champions Isreal Adesanya (middleweight) and Alex Volkanoski (featherweight) and other fighters like Kai Frances (just fought last week for the interim title), Dan hooker (has a fight against Alex Ferguson coming up) and Tyson Pedro (who has a fight coming up also). More info will be shared on Friday, August 12, 2022, leading up to the fight over the next week.
We will have the tracker showing soon, but in terms of fees, we’ve crossed over $1,100 already.
The app was updated, which included many unique features to improve the experience of users, such as:
- Biometric Login (FaceID or TouchID)
- Network Selection from anywhere on the app
- Charts Refresh
- Auto-Slippage
- View Charts from Portfolio Section
- Crypto to Fiat Withdrawal Update
- Chinese Language Added
- App Performance Improvement
The team of Sphynx Labs was proud to announce that they hit number 1 on trending cryptocurrencies on Crypto.com DeFi this week.
Lastly, Sphynx hit a new all-time high in the Total Value Lock in the Staking Pools on the BSC side, with over 6.1 million dollars being locked. But the value shall continue to grow as more and more projects are planning to stake with Sphynx Labs.
There is much more to come with Sphynx. Stay tuned for Sphynx’s Weekly Updates posted every Friday or be informed on the Sphynx Telegram, Twitter, and Instagram pages.
Thank you for reading, and have a great week!
