ABEYCHAIN’s native token, ABEY, was listed today on the Liquid Global crypto exchange. The token has experienced continued growth since its inception has taken the next step towards continued growth. The project is only a year old but in its short life span, the price of the token has grown over 400%, going up from its listing price of $0.61 in 2020, to its current trading price of $2.50. Its price put it above Cardano, the third largest coin by market cap in the market, which is currently trading at low $2.
Founded in 2020, the user base of ABEY has grown to over 100,000 users. Making it one of the fastest growing blockchain networks in the world. Listed on ZBX.one, its user base had grown along with its token price. Opening up the need for more exposure for users, and the listing on Liquid Global works to this end. Liquid Global’s massive user base will open up the token to more users, growing the ecosystem as it goes.
Liquid Global is a top 20 ranked regulated crypto exchange in the world, with a deep BTC/JPY liquidity. Listing on Liquid Global will make the ABEY token available in over 100 countries, on a platform which already lists more than 80 tokens. With a loyal user base of over 800,000 customers.
ABEYCHAIN Takes On The Big Dogs
ABEYCHAIN has some big competitors in the market, including projects like Ethereum and Cardano. But the network has held its own so far despite massive competition. The blockchain solves problems in the industry which had been previously touted as unsolvable. A good example of this is what’s known as the “Impossible Triangle.” The ABEYCHAIN blockchain possesses the ability to simultaneously achieve a high degree of decentralization, security, and efficiency. A trifecta that has been the bane of leading blockchains in the market.
Blockchains like Bitcoin and Ethereum were not built to scale quickly with a large number of users. That is why traffic congestion and high network fees have continued to be a problem for the blockchains. ABEYCHAIN solves this by using both a delegated proof of stake and a secure proof of work mechanism to solve these issues. This provides ABEYCHAIN users with cross-chain interoperability, high-speed transactions, and its decentralized applications base continues to grow in tandem with the fast-moving DeFi ecosystem.
The ABEY Foundation has said that the blockchain can be scaled to handle 10,000 TPS (Transactions Per Seconds). To put this in context, the current capacity for the Ethereum network is 30 TPS, while that of Bitcoin is only about 5 TPS.
Market Welcomes ABEY With Open Arms
The most important part of the growth of the ABEY token has been the market acceptance. ABEY has witnessed continued support from investors, who have invested into the project at various points. The price of the token has not missed a beat in its growth as the user base of 100,000 holds it up with continued interest. Driving innovation is at the forefront of the project, and investors have been with the project every step of the way.
Staying true to growing the network, the ABEY Foundation has added new features. While ABEYCHAIN works to solve the problem of the “Impossible Triangle,” the ecosystem also serves as the home of the latest DeFi platform, XSwap, where users can lend, stake, yield farm, and a host of other services. Its NFT platform also enables the minting of NFTs at a faster and cheaper rate compared to leading NFT platforms.
As the need for decentralized storage grows in the market, the ABEYCHAIN blockchain becomes a more valuable service. This will drive more adoption of the ecosystem as top firms see a growing need for the services provided by the blockchain.