Seesaw protocol dropped by more than 10 per cent in today’s trading session to trade at $0.011. This is despite gaining traction in the past 24 hours, which saw its trading volume shoot up by more than 90 per cent. However, its trading volume is only about $30,000, making such a significant increase in trading volume have less impact on the markets.
Seesaw is a multi-chain decentralised, non-custodial ecosystem of Defi products, protocols and use cases. The platform is capable of running in almost all smart-enabled blockchains, including Binance, Polygon and Ethereum. The platform is also an open-source standard for liquidity pools.
Some of the functionalities you should expect when using the project include the ability to swap your asset between multiple chains with almost 0 per cent commission. The seesaw protocol also has a locked liquidity functionality and allows farming by implementing a gas-efficient ecosystem for gaining extra yield. The platform also uses the Metaverse and its numerous immersion technologies to provide education.
Since its launch in January this year, the SeeSaw protocol has seen a growth of over 2000 per cent. Although the past few weeks have been tough on the cryptocurrency, the problem has been industry-wide, where almost all cryptos have dropped in price. In today’s trading session, the bearish market continued, with Seesaw losing more than 10 per cent.
Unfortunately, even with such high returns, the cryptocurrency is still in its second stage of the presale. This means that it is not available on most exchange platforms today. However, when the Seesaw protocol is publicly available, it is highly likely to start trading at about $0.1. This is an almost 1,000 per cent price increase from what is trading today. The project is also likely to become popular with cryptocurrency users. IT provides faster transactions with low transaction costs.
This post was last modified on May 06, 2022, 15:59 BST 15:59