- Baby Doge has partnered with 1inch for a new source of liquidity.
- The information was disseminated to the public on December 22.
- Baby Doge Swap is now ranked 15th among DEXs on BNB Chain.
Baby Doge, a deflationary token, and 1inch, a DeFi aggregator on Ethereum, have signed a collaboration agreement to promote their services to the cryptocurrency community. This is done in the hope that the DEX aggregator will be able to tap this as a new source of liquidity.
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The information was disseminated to the public on December 22 through a tweet sent out by the Baby Doge team and retweeted by 1inch.
It is essential to take into consideration the fact that Baby Doge Swap comes in 22nd place among the BNB Chain protocols in terms of Total Value Locked (TVL). It has a little more than 30 million in total TVL.
Since the DEX was first introduced in October, there has not been much of a change in the TVL of Baby Doge Swap. During this period, the TVL of a variety of different procedures had either varied or dropped significantly.
First and foremost, the collaboration with 1inch helps to bolster Baby Doge’s rising prominence in the decentralized finance industry (DeFi).
According to DefiLlama, Baby Doge Swap is now ranked 15th among DEXs on BNB Chain in terms of transaction volume. This adds up to a total of $2.3 million worth of activity over the course of the last seven days.
Given the potential that Baby Doge and Dogecoin in general have, the cryptocurrency community has subsequently expressed its approval of this development. This was brought up when Twitter’s Elon Musk showed his belief in it and even pledged to include it as a payment mechanism.
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