LavaSwap is coming up with its new economic model by upgrading its DEX platform. In addition, the platform is planning to introduce the line of strategic investors helping to change the mining problem and other issues that will maximize the benefits of LAVA.
LAVA is an interoperable decentralized cross-chain swap protocol and is powered by Huobi Eco Chain. Right from the launch, the company is looking to develop a new model for its DEX market. V2 will be upgraded following the economic model and work towards leading the DFX market.
Current DFX market development
In the year 2020, there was a boom of DeFi opening up the decentralized market in the Blockchain industry. Since the time the NFT industry entered the public view becoming the highly watched advanced platform in 2021. NFT and DeFi drive the DEX market; the market is gaining strength at a gradual pace.
The DeFi market has attracted investors having the advantage of fairness and impartiality. Moreover, with the emergence of asset trading, financing, and currency trading, the ecology of Blockchain has been prosperous enough. Additionally, the boom in decentralized offerings has led to the development of the DEX market.
LavaSwap Upgrade giving a new direction to DEX Market
LavaSwap has been the leading online platform for a long time and receives multiple support from the Blockchain community. The company decided to grow along with the district, launched the DAO governance model, and named it iLAVA. The launch of LAVAswap V2 comes from the join call of community users.
There has been good support from community users and has led to the development of LAVA under the DEX ecosystem. The upgraded model is improving the overall ecosystem of DEX. As a part of the plan, LavaSwap V2 will launch an ecosystem that will increase the economic view of the LAVA token.