Monthly Recap of Comdex’s Activities in April (Pt.2)
Last month, we saw tremendous growth in the Cosmos Ecosystem and Comdex was not left out.
Recently, it was announced that Comdex chain is the Layer-1 DeFi infrastructure to power DeFi in the multichain future by seamlessly deploying DeFi apps in Cosmos.
This news shows how crucial Comdex’s role is in Cosmos — not just as the only synthetics assets platform in the Blockchain but now as the powerhouse for other DeFi protocols to be deployed in the system.
In the previous article, I recapped on 2 out of the numerous activities and great news for the Comdex community for April — Comdex Web App and Academia.
Let’s look at the remaining:
1. Increase in the Community
The month of April was a good month for the Comdex platform on social media, especially its @ComdexOfficial Twitter page which gained up to 5K+ new followers from the previous month. As of April 30th, Comdex had a record of 25,000+ followers on Twitter.
The Comdex network still looks forward to having more than 100,000 followers by the end of the year, seeing that a quarter has already been brought to an actualization.
2. Increase in Transactions
With nearly 59,000 “unique users” and “unique wallet addresses” reaching up to 36,000, the Comdex blockchain saw way more than 528.8K total number of transactions take place. This is a high increase from the previous months; an evidence about the development of the network.
According to Comdex, the staking ratio is 67%, and the blockchain has exceeded 2.3M in height. On the Comdex Web App, which forms part of the general Comdex blockchain, around 20,000 collaterized debt positions have been opened, with more than three billion (3B) worth of CMDX now locked up.
3. Launch of Superfluid Staking
Nearly two weeks after the Comdex team brought up the bill to implement this type of staking on its Pool #601 (CMDX/OSMO) on the 15th of April, 2022, which was voted for and accepted by the Comdex community, it was accepted.
Now, the Pool 601 runs a superfluid system of staking, which almost doubles the Annual Percentage Rates (APR) for those staking in the pool.
Join the Comdex community, get your CMDX, earn as much as you can, and follow up on the recent developments.
Comdex is a decentralized synthetics protocol in the Cosmos crypto network; and as a product of the Persistence platform, Comdex develops possible solutions for the decentralization of finance (DeFi) by handing over to investors the knowledge about a widened scope of asset classes and rewarding projects.
To keep up with updates concerning Comdex’s monetization processes, follow up on:
Website | https://comdex.one/home
Academy | https://academy.comdex.one/
Web App | https://dev-cassets.comdex.one/
Newsroom | https://comdex.one/newsroom
Twitter | https://twitter.com/ComdexOfficial
Telegram | https://t.me/ComdexChat
Medium | https://blog.comdex.one
Reddit | https://reddit.com/r/ComdexOne/