Cryptocurrency is a huge market, worth multi-trillions of dollars. It has been growing in both length and breadth. In addition to the increase in trade volume, the market participants are also growing each day.
Today, there are over 18,000 cryptocurrency assets on the market. They can be traded through more than 500 exchanges. Although the increase in volume of crypto-trade comes as a result of increasing numbers of crypto assets being traded, many other blockchain-powered systems are also growing quickly.
To give an example, DeFi Protocols have a combined value exceeding $230 Billion. The NFT market was $41 Billion in 2021. The growth in many streams and different areas makes it more attractive for platforms to create an ecosystem rather than focus on a few areas with high growth.
Terra, a well-known crypto network, claimed to have invented programmable currency for the internet. Terraformer was an engine driving the expansion of the company’s ecosystem.
Terraformer Aggregated Trading
Terraformer makes it easy to transact with crypto assets. Terraformer is easy to connect online using your Terra Station extension mobile wallet, and then you can begin trading Terracoins, which include the Terra Terra native USD Terra, KRW Terra or Eur Terra. There are many liquidity pools that you can use to earn and stake. There are some high-return liquidity staking pools in Terraformer’s list. At the time this is written, there was a Credefi pool where you could stake CREDI for CREDI.
Terraformer launched the Terraformer toolkit, which is actually the first Terra trading aggregater. This toolkit also features an IDO database and aggregated data. The company plans to build a super aggregator dApp which will help solve many industry problems.
Terra has an aggregated DEX. This allows you to access all DEXes in one place, instead of visiting each one individually. With just one click, you can get the lowest rate for token swaps. It will allow users to optimize their investments in less time. For the platform it will translate into more traffic and volumes.
Connecting your wallet online is all it takes to add liquidity. You can also remove liquidity at any time you wish. Terraformer has an IDO launchpad where you can submit new projects. Terraformer has helped fund projects like BitLocus, DragonSB and DeFiato.
The system’s data, analytics, and IDO stats databases will make it transparent and more reliable. This will be a funnel to help potential users convert visitors to customers.
Use Terraformer to capitalize on the NFT market growth
Terraformer has also created an NFT space aggregator. The aggregator, which will be able to connect all NFT platforms on Terra, provides users single-point access via the Terraformer platform. Consumers looking for NFT will be able to save both time and money by using this facility. Terraformer offers a wide range of options for NFT sales diversification, such as bidding and outright buying.
The GameFi and Metaverse are two NFT-powered markets that are growing rapidly these days. GameFi is already a major player in the market, with a US$14 million market. By 2030, there will be 650 billion global metaverse sales. Terraformer’s aggregation services will allow these markets to grow without the need for multiple platforms that have diversified strategies.
All these developments align with Terraformer’s vision of providing what is required to make the space conducive for future blockchain users. The platform will empower stakeholders through technology, community-centered financing avenues, strong support networks, marketing capabilities, and technological infrastructure. TFM, the native token that has yet to be launched and will function as the member asset of the ecosystem would provide more value for its owners as the ecosystem grows. It could also allow increased access to the community and offer discounts.