Flayer and NFTX are experiencing a significant increase in value as both meme coins are over 234% in the last check on Saturday.
NFTX has attracted attention to decentralized protocols, cryptos and NFT locations to create liquidity for non-fangbal tokens (NFTs).
And while not much known is not known about too much flare, we know that today the first sign is that the coin is listed on a global cryptocurrency exchange, LBANK.
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At the time of writing, Flayer (Flay) was about 240%.
Flay supports the protocol manufactured by Flayer Labs, a technology company that specializes in blockchain, decentralized finance (Defi) and web3 development.
The Flaunch Protocol is a Meme coin launcher based on base architecture and is supported by the latest version of the Disantrolized Exchange (DEX) protocol Uniswap V4.
In particular, Flay holders can flip the fee switch to obtain 10% of the transaction fee for protocols. The holders also have access to fly on-chain governance Labank,
NFTX
The primary driver behind the NFTX (NFTX) price hike seems to be an optik in the non-fungting token (NFT) market.
In recent weeks, the NFT market has seen resurrection in demand for high-profile collections, and unique offering-NFT token versions have been allowed to do pools and trading to the token versions of NFTX.
The recent market movement has attracted both institutional and retail investors, who are looking for ways to come into contact with NFT without the need to buy individual tokens, which can often be immoral or prohibitedly expensive.
Here is reported how NFTX is currently doing business:
Additionally, NFTX has progressed in expanding its defi partnership, integrating its liquidity pool with major platforms such as uniswaps and crucial, further enhanced its utility.
The price jump of NFTX also runs into NFT space with a wide trend of institutional players. NFT began to take more seriously with big players such as hedge funds and VC firms, the market is maturing for NFT liquidity.