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Date: 2022-05-22 19:20:36
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New York, New York--(Newsfile Corp. - May 22, 2022) - Sphynx to be the first DEX on the Bitgert Blockchain. Sphynx Lab's entire purpose is to be a one-stop-shop for crypto veterans and newcomers alike to trade, create, and enjoy the process of crypto with the least amount of stress. The addition of the Bitgert BRISE Chain to the Sphynx Ecosystem has opened an entirely new world for investors to discover. Sphynx is the first and official DEX of the BRISE chain, giving them a massive advantage as the chain grows. Fortunately for BRISE users, Sphynx Labs is well equipped to be the leader, allowing users to trade, stake, farm, establish projects, and more, all from a brilliantly designed dAPP.
Bitgert (BRISE) is a crypto engineering firm working to build a low-cost blockchain network that can process 100,000 transactions per second. They want to use their Bitgert chain to facilitate the adoption of several decentralised finance apps, non-fungible token initiatives, and Web3 protocols.
The success of BRISE's integration into the Sphynx Labs ecosystem has shown tremendous success in its early stages. 27 BRC projects have already had successful launches on the Sphynxpad, including Omnia Verse, and Brise Paradise.
There are 13 staking pools now on Sphynx Labs where investors can earn high APYs in passive income. The Total Valued Locked (TVL) surpassed the $1 million milestones and is now around $1.3 million.
More views and traffic will be passing through Sphynx as they continue to grow to more chains such as BRISE and the recent Cronos network. On the BRC20 blockchain, Sphynx is the first swap, launchpad, staking, and farming platform. Sphynx wants to continue to grow and become a major player in the DEX sector of the Cronos Network and continue its growth on the Binance Smart Chain.
The development roadmap continues to come to fruition as well. The bridge is almost ready for launch bridging BRC-BSC-ERC-CRO. The Sphynx bridge will focus on Alt and Stable Coins, making it easier for investors to move from one network to another. In addition, the bridge's fees will provide passive revenue to holders of the Sphynx "Genesis" ERC-20 NFTs. The Sphynx Wallet and Mobile Application will also soon be available for download on the Google Play Store and Apple App Store. Designed from the bottom up to make DeFi as pleasant as possible, the wallet will provide a CEX-like experience in a DEX environment and open the more technical side of crypto to the masses.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124903