Hello everyone. I hope you are well. Last Monday, I was checking Cent's data on liquidity pools. I saw that the daily trading volume in the Hive/Cent liquidity pool exceeded $1,000. And I was surprised. Because the trading volume was usually between $300-$600. I thought of sharing about this. However, I gave up publishing content on the subject, thinking that it was a momentary volume fluctuation. However, when I checked the trading volume at certain intervals, I was convinced that there was a regular increase.
And today, Cent broke its own record in trading volume. The last daily trading volume in the Hive/Cent liquidity pool reached $1005. The daily trading volume in other liquidity pools, respectively, is as follows; Cent/BTC: $495, Cent/Pob: $278, HBD/Cent: $135, Cent/Bee: $135 and Cent/Leo: $101. This is a good thing. Because Cent's market value is still at $13,000. And there is about $7500 worth of liquidity in liquidity pools.
However, we still have a long way to go. When it comes to criteria such as liquidity status in liquidity pools, transaction volume, etc., we can talk about success. But we still haven't reached anywhere in the Hive/Cent market. For example; $22 worth of transactions were made in the Hive/Cent market in the last day. In order to say that we have reached good places in terms of volume, the transaction volume in the Hive/Cent market must at least exceed the Hive/Cent liquidity pool. For this reason, we will continue to increase the amount of BEE we distribute to users who make market makers in the Hive/Cent market. We have launched a market maker activity in this regard. I hope we will reach better places. See you again. Stay tuned.
