Splinterlands - Liquidity Pools Activities
On the Hive secondary token market there are some interesting stats to see. Out of the top five liquidity pools currently active four out of five have at least one token related to Splinterlands. Only the Hive and HBD pair takes up the non-Splinterlands top five pools. The other pools have either DEC, SPS, or Vouchers.
Even top 10 individual tokens being traded Splinterlands cover seven of the 10 spots and with we include Forge since it is related to Splinterlands that is a total of 8 out of 10 top coins traded daily.
Activity for Splinterlands tokens is exceptionally high with respect to other Hive tokens. This bold well for the game and its token value.
To date Hive and DEC pool has traded in $ volume in the tune of +$117 million which is close to 1.5x the current game market cap.
Conclusions
Looking at Tribaldex chart on daily volume we can quickly see how active liquidity pools with Splinterlands tokens are traded. For instance this past 24 hours there is around $54.56k of value traded.
Out of that total a little over $40k is traded across top three liquidity pools that has at least one token related to Splinterlands. That is close to 75% of the total daily volume! Splinterlands activity is obviously booming.
Until next time thanks for reading!!!
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I have plenty of other cards for rent! Just go on peakmonsters and check out the market place and if you are curious what I offer here is a link:
If You have yet to take part in playing this great game called Splinterlands please click on my referral link. It is free but in order to earn real assets such as cards and token you would have to invest in a starter deck or purchase game cards. Join the discord to learn more. Good luck!
THANKS FOR READING! CONTINUE TO PLAY SPLINTERLANDS!
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I participate in a few of those pools as I believe in the game and have from the start.
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nearly 75% of the daily volume ? that's insane !
I found that most of the liquidity pools outside of Splinterlands is very low. At least you do earn some SPS for putting in some liquidity and you also earn some fees to offset the IL.
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No doubt that Splinterlands is the biggest game on Hive right now and it already boosted the visibility of Hive blockchain to a lot of players. I'm an example.
I played Splinterlands then I started to learn about Hive.
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The liquidity pools are quite good for Splinterlands. I now have staked 19,000 SPS !
are you investing in pools too? is it more profitable than staking?
Things around splinter land are heating up, and that's why token related to them are on the top.
Some decision may not be in favor of community or investor, but hopefully they are good for the games on the long run.
What we are seeing at the moment is the land gameplay of Sprinterland becoming very popular. As far as I am concerned stacking is better than farming. It is necessary to have both coins for farming, if a person does not have them, he will not be able to earn anything. This is why I always say that a person should be stacking.