Mofi’s trading volume has increased by over 100% in the last 24 hours.
With the recent success of DEXs (decentralized exchanges) in order to facilitate trade for new projects, such as Uniswap, pancake swap and sushi swap, there is another platform on the market.
Here comes Mofi Finance, a specialized DEX platform that runs on the Binance smart chain and hosts NFTs.
The platform also hosts collateralized tokens, such as those used in return pools, where users can earn on their holdings. This provides a potentially permanent use case for the platform, as users will be able to back up their holdings and make them “work” while waiting for their investments to increase in value.
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 explosive proliferation of NFT and smart contracts is the rise in gas fees on the Ethereum blockchain.
Mofi Finance is built on the Binance Smart Chain, which means that it is shielded from the high fees on the Ethereum network.
With the recent increase in trading volume, MoFi could be preparing for a significant price movement. There has been positive news for NFTs recently as auction houses are increasingly looking for ways to get involved and run their own NFT auctions.
Over the past three days, Mofi Finance has seen a price increase of 277.36% thanks to a sharp increase in interest among some traders.