(2) smartBCH statistics, what has been done so far since its launch
Much has been done so far and will certainly continue to be implemented in the side-chain, as the more time passes, the greater the visibility of Bitcoin Cash's smart network.
In the months that the side-chain is running its development is commendable and many coins projects created smartBCH have been increasing as well as DApp platforms. Trading platforms are incrementing their operations in the Smart Bitcoin Cash chain.
But first let's look at the numbers invested in the side-chain so far.
How much is invested in SmartBCH
According to the Grafana website, at the time of writing this article, 100498 units of Bitcoin Cash were invested in the side-chain and were burned 131 Bitcoin Cash from fees.
The amount invested in SmartBCH was allocated by its owners in various projects spread across the side-chain.
It should be noted that just the DEXs [decentralized Exchanges] spread across smartBCH have involved something like more than $45 million dollars spread over 6 platforms, with BenSwap being the leader in the domain with more than 50% of the value found on this platform. Remembering that the value that is in BenSwap also refers to the Stake, but the platform with the highest net trading value (that value that can be effectively used) is MistSwapDex.
Therefore, there is currently more than $45 million invested in SmartBCH and the value is likely to increase.
Number of decentralized Exchanges
To the great surprise of the ecosystem, these platforms tend to increase in number on SmartBCH, with one more sophisticated than the other or even offering products that could not be caught on the others.
There are currently 6 decentralized trading platforms on SmartBCH and they are:
Pioneer in the SmartBCH ecosystem and currently number 1 in terms of TVL (total value locked) locked in its protocol.
It is a simple and practical exchange to use, with a pleasant environment and able to carry out dynamic and very fast transactions. Particularly as a user I never had transaction problems and in record time I was able to perform the desired operations.
It has its trading currency, the EBEN, which is also being traded on a centralized platform as well as quoted on Coingecko as token and Exchange. In addition, it has an analytical page where it was possible to observe how much business the platform received in the last hours, weeks or days, which allows you to see which tokens have received the most recognition on the Platform.
Website: Benswap
Telegram: Bentokenfinance
Twitter: Bentokenfinanc1
Like BenSwap, MistSwap DEX is a decentralized trading platform created by Kasumi, a prominent figure in the Bitcoin Cash world, despite being anonymous he has often let the community knows that his project came to the side-chain to bring technological innovation also transaparency and trust.
The platform is very secure, and is a fork of SushiSwap,that is taking great strides to bring the first cryptocurrency Lending service to the smartBCH ecosystem, where the fees that will be received in this move will be used to distribute to investors who are stake on the platform.
MistSwapDex is currently the platform with the most liquid TVL in the smartBCH ecosystem, which is to say that there is more value in it that can be used in currency swap/trading than any other platform on the side-chain. The platform is growing rapidly and has even been recognized by Whale Inflows as one of the most promising DEXs on SmartBCH.
It has its governing currency, the Mist, and is also listed on Coingecko as well as Exchange. Mist is also listed on a CEX trading platform.
TangoSwap Dex is a PlaTform brought to life by two guys who are hard workers, people who actually belong to the community. Ian and Fernando two fellas that are linked to prominent projects on the Bitcoin Cash and SmartBCH as well!
Fernando is a the project manager from Knuth, a project that world to improve the Bitcoin Cash mainnet with a token on smartBCH from the same name, Knuth token, who in partnership with Ian (from Bitcoin Cash Argentina) joined hands and created TangoSwap.
The platform can be much like Mist, in fact it's a good one to transact on it as it easier and pleasurable to use. It's trusted on the sidechain as it composed by two prominet figures that already showed their compromise with all Bitcoin Cash community.
TangoSwap Dex also has native token, TANGO, and will be the first one to bring the DEX aggregator to SmartBCH, a place where users can choose which platform suits better their needs when it comes to negotiate on the best prices found on the smart Bitcoin Cash chain. It will be launched soon and the community expect big things coming from the aggregator.
Platform website: Tangoswap Dex
Telegram: Tangoswap
Twitter: Tangoswap
Other Exchanges on SmartBCH
Tropical.Finance was recently added at SmartBCH world of DEXs and, at the moment, it is the platform that has the best APR rates in the entire SmartBCH ecosystem with values around 1000% in earnings in its farms and pools.
There was a small setback when starting operations at SmartBCH due to a problem in the contract of its governance token, the daiquiri, but it only took a few hours to fix everything and achieve the promise made during its presale. It has only been running for a few days but it has already burned more than 70 BCH referring to its tokens and also burned the LPs, all as a guarantee that the platform came to smartBCH to compete for it's space and gain investor confidence.
The platform also managed to reach the $1M mark in TVL and the value shows an upward trend.
However, in addition to tropical finance, we also have 1BCH DEX, Muesliswap Dex as an integral part of DEX platforms on SmartBCH.
Tropical finance website: Tropical.finance
SmartBCH tools, Dexscreener, Defillama and more
The ecosystem of SmartBCH is growing also the visibility is expanding, more tools are tracking what's happening on the sidechain in real-time and presenting charts to enable investors to follow the side-chain market:
Dexscreener.
This tool present realtime charts and prices on the SmartBCH and other Dex protocols.
Defillama gives a glimpse of what's going on concerning all Total Value locked on smartBCH DEX protocols, a feature that is pertinent to gather information where more BCH has been invested on!
Another great tool to monitor pools on smartBCH is geckoterminal that track all the best pools to follow in the sidechain.
Bridges in SmartBCH
CoinFLEx still the biggest vault for all SmartBCH ecosystem, but more bridges have been created that can be very useful to put more current Bitcoin Cash into the side-chain or take it out from the sidechain to mainnet.
Some of this bridges can handle transactions from and out to sidechain, when other just work in one way characteristic, so let me put some of them [the ones I used and can testify to work great]:
*Don't forget to check the MarketCap index for SEP-20 tokens Here.
Summary,
The smartBCH ecosystem has grown and will keep moving forward to foster more projects that will join the advantages to build projects on the side-chain.
The fundamentals behind smartBCH are welcome for people and builders who want to adopt this ecosystem to negotiate and build their product. It's lower cost transaction system and the affordable environment found in the ecosystem are things that can bring a lot more infrastructure for the side-chain.
It's easy to trade, swap even construct Dapps on the SmartBCH as the chain still giving opportunity for people to continue their work on it, not all, as the side-chain also give low income families to invest in the products built on the smart Bitcoin Cash chain as they can afford to pay lower fees. In sum, it's a very inclusive chain and a benefactor for those ones whom couldn't participate in the DeFi world in the past.
The growth of SmartBCH will continue also more Bitcoin Cash will be invested on the side-chain, just to remember, the chain still on semi-centralized mode but soon will be introduced the SHA-GATE which will make it 100% decentralized.
Find me on noise.
Nice, but most of this coins are not for the poor earners. Is really sad😢