Balancer transferred $1.69 billion in swap volume via LST in the past 30 days

Balancer IN LST swap 2024-03-08 73

According to a post by Balancer on X platform, the decentralized finance protocol has seen impressive growth in the past 30 days. Balancer reported that it has facilitated a substantial $1.69 billion in swap trading volume through its LST token, showcasing the platform's popularity among traders. Additionally, Balancer has boosted the trading volume of an LRT pool to an impressive $117 million, demonstrating the protocol's ability to attract substantial liquidity.

Moreover, the protocol currently hosts over $585 million in LST liquidity, with over $200 million of that amount being held by LRT liquidity providers. This signifies a strong commitment from the community to support and participate in the Balancer ecosystem, highlighting the platform's growing prominence within the decentralized finance space.

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