Gala Games, the blockchain-based gaming and entertainment company, unveiled GalaSwap, its latest decentralized exchange (DEX) built on GalaChain, marking a significant milestone for the Gala ecosystem.
GalaSwap operates as a decentralized exchange within the Gala ecosystem, enabling the seamless trading of tokens based on Ethereum.
Currently, the exchange hosts seven tokens, including $GALA, $MTRM, $SILK, $USDT, $GWETH, and others, fostering liquidity and accessibility within the Gala network.
The #GalaChain ecosystem enters a new era✨
Introducing #GalaSwap your gateway to secure, peer-to-peer token trading on GalaChain.
7 tokens are live including $GALA $MTRM $SILK $USDT $GWETH and others.
Start swapping on GalaSwap♻️ https://t.co/QYRzWv8U1I pic.twitter.com/GSfLdkdL91
— Gala Games (@GoGalaGames) February 27, 2024
The introduction of GalaSwap signifies a pivotal moment for GalaChain, as the decentralized exchange aims to incentivize adoption through referral bonuses and token rewards.
With every transaction executed on GalaSwap, users have the opportunity to earn GalaSwap tokens, enhancing engagement and participation on the platform. Furthermore, GalaSwap’s referral program offers users additional avenues for earning rewards, augmenting the platform’s appeal and user base.
GALA Price Action Following The News Announcement
The announcement of GalaSwap propelled Gala to become one of the top daily gainers on prominent cryptocurrency exchange Binance, experiencing a remarkable 18% surge in value.
Additionally, Gala witnessed a notable 50% increase in its 24-hour trading volume, underscoring the market’s positive response to the GalaSwap launch and GalaChain’s growing prominence.
The launch of GalaSwap underscores Gala Games’ commitment to fostering innovation and advancing the decentralized finance (DeFi) landscape within the Gala ecosystem.
By providing users with a seamless and rewarding trading experience, GalaSwap aims to solidify its position as a leading decentralized exchange and drive continued growth and adoption across GalaChain.
As Gala Games continues to expand its ecosystem and introduce innovative solutions, GalaSwap stands poised to play a pivotal role in shaping the future of decentralized finance and blockchain-based gaming.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.