Network Commences Accumulating Liquidity with Purchases of $AVAX and $BNB- April 2024
Hello, ICON Community!
“This month has been about consolidating our objectives outlined in the Balanced enshrinement proposal. Although we are still in the early stages of its implementation, the results are highly promising. Balanced’s revenue has exploded to nearly 2.5 times the revenue in the last 30 days compared to the previous 30 days. Balanced’s fee burn has accounted for over 30k ICX burned, and this is just in the last 30 days. I only expect Balanced’s revenue to continue to trend upwards as ICON deepens its Network Owned Liquidity.
Some in the community are hazy when it comes to ICON’s future vision. In the short term, our strategic focus is on positioning Balanced as one of the leading cross-chain decentralized exchanges in the industry. Our cross-chain infrastructure and marketing efforts are strategically aligned to achieve this vision.”
What’s Trending
👉 ICON Network completes first purchase of $BNB.
👉 ICON makes first purchase of $AVAX for Network Owned Liquidity.
👉 $ICX widens its accessibility, with a new listing.
👉 How about some exposure to RWAs on ICON?
👉 View the $ICX burn now on the Balanced stats page.
Dev Update: Shipping the Central Relay and GMP 2.1
The main focus in March was on the execution of ICON GMP 2.1, implementation of the IBC module of the Central Relay and making progress in the Sui, Stacks, Stellar and Composable Finance integrations. Read on to find out more about these developments and the latest status of Balanced smart contract launches on a number of networks.
Ecosystem Highlights
Learn about ICON GMP.🔗
Understand the different aspects of Balanced.🔗
Parameta secures additional 9bn Won investment for R&D.🔗
Cross-chain GangWars.🔗
Stay informed about all the latest integrations!🔗
Stay in touch with ROG news by subscribing to their newsletter.🔗
The place to find analytics on the ICON network.🔗
Learn RWAs with Benny Options.🔗
What they said…
Builders on Twitter
Inanis Invictus unveils its latest NFT model. - @InanisInvictus
The ICON tracker gets some new features. - @jabathexcall
Pengwyn BINC unveils its new website. - @Pengwyn_BINC
Paul Rouge unveils ICON Validator Monitor. - @Paul__Rouge
FRMD 2.0's buy-back & lock mechanism is now live. - @FramdNFT
Balanced Roundup
Gain a better understanding of the Balanced Savings rate.🔗
The Balanced stats page has some new analytics.🔗
The Balanced App is going through a major refactor.🔗
“Flavors of Innovation in the DeFi Cuisine.”🔗
Community Sentiment
Bullish on future integrations - @marcfcee
Respect the burn - @jabathexcall
Unlock the ICON ecosystem with HANA wallet - @QuintPark
A project that keeps on building - @Lucky8Steven
Lazer eyed dino - @rookicx
Overflowing with love for Balanced - @MrEncrypto
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