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Here’s where Elrond stands in the DeFi space at the moment
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Elrond, unlike most of the market’s altcoins, has actually had a great November. However, only as far as network growth is concerned. Its expansion into the DeFi sector has proven to be rather fruitful as the Maiar DEX made several records for Elrond.
In fact, the network might soon emerge to be significant competition.
The day after Maiar’s launch on 19 November, the whole DEX hype was expected to end up as a trend event. However, Elrond actually proved everyone wrong and managed to rake in organic growth pretty quickly.
In just 10 days after its launch, the mainnet had over one million accounts created on it. Furthermore, transaction figures breached the 17 million-mark.
The Maiar liquidity incentive program launched by Elrond appears to
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