First DEX on Oasis Network hits $100M TVL in 24 hours

YuzuSwap, the first decentralized exchange operating on the Oasis Network, has seen rapid uptake since launching on Jan. 11, underscoring heightened demand for decentralized finance protocols.

In its first 24 hours of operation, YuzuSwap achieved a total value locked, or TVL, of $100 million, the exchange reported Wednesday. Trading volumes over the 24-hour timeframe reached $323 million. Within DeFi, TVL refers to the total value of assets being staked on decentralized protocols. YuzuSwap was built using Oasis Network’s Emerald, a smart contract environment that is fully compatible with Ethereum Virtual Machine. The DEX uses a peer-to-peer automated market maker to provide users with low-cost token swaps on Ethereum and within the Oasis ecosystem, and also supports token and nonfungible token asset transfers from six other blockchains via Oasis Network.

YuzuSwap launched on the same day that Binance Labs, the venture capital arm of the Binance cryptocurrency exchange, announced it had. The Oasis Ecosystem Fund, which is also backed by venture firms Hashed, Jump Capital and Dragonfly Capital, among others, was designed to bootstrap projects building on the Oasis Network.

The positive newsflow contributed to a sharp rise in the value of ROSE, Oasis Network’s native token. ROSE was last seen trading above $0.49, having gained 14.2% over the past 24 hours. The token is up 43% over the past two weeks and 67% over the past month, according to data from

OasisProtocol $ROSE is going to explode this year for sure.. OasisProtocol 🔥🔥

OasisProtocol $rose OasisProtocol lied about co operate with meta i strong recheck with Meta company (Facebook) but not documentaries from Meta and no agenda meeting in Meta about OasisProtocol co-operate . And so they will fake about chat between dev to pubic. Beware 🚨🚨 🚨🚨🚨🚨🚨🚨

OasisProtocol $100M in a day isn't bad? It's actually great ! 👀

OasisProtocol Do not forget the great army of xrdoge

OasisProtocol I knew OasisNetwork would make the grade I've been always bullish on $ROSE and now I'm even more bullish than ever 🚀

OasisProtocol What if we just bought Bitcoin a year after market top?

OasisProtocol $ROSE to the moon

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