Mofi has seen its trading volume jump by over 100% in the last 24 hours.
With the recent success of DEXs (decentralised exchanges) for facilitating trading for new projects such as Uniswap, Pancakeswap and Sushiswap, there’s a new platform on the scene.
Enter Mofi Finance, a specialist DEX platform that runs on the Binance Smart Chain and hosts NFTs.
The platform also hosts collateralised tokens, such as those used in yield pools where users can earn on their holdings. This provides a potentially long-lasting use case to the platform as users will be able to lock in their holdings and have them “work” while they wait for their investments to appreciate.
Where to buy Mofi Finance amid high trading volumes
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Why could Mofi Finance be a good buy right now?
One of the downsides of the explosion in NFT use and smart contracts has been the increase in gas fees on the Ethereum blockchain.
Mofi Finance is built on the Binance Smart Chain, meaning it is shielded from the high fees on the Ethereum network.
With the recent increase in trading volume, MoFi could be gearing up for a significant price move. There has been bullish news for NFTs lately, with auction houses increasingly looking at ways to get involved and hold their own NFT auctions.
Over the last three days, Mofi Finance has seen a price rise of 277.36% as excitement for the token intensifies among some traders.