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ETHLend Sees Increase in Trading Volume by 50.6%

ETHLend | Ethereum | Alpha 3.0 | ETH News | Cryptocurrency news | ETHLend | Ethereum | Alpha 3.0 | ETH News | Cryptocurrency news | ethlend | ethlend ICO | Ethlend lending | ethereal ledning

ETHLend (CURRENCY:LEND) traded up 8.3% against the U.S. dollar during the twenty-four hour period ending at 3:00 AM E.T. on April 3rd. During the last week, ETHLend has traded 50.6% higher against the U.S. dollar

The latest versions of their dApp (Alpha 0.2.0 and Alpha 0.2.1 codenamed Omura) have reached a record breaking of 12,000 ETH in lending volume. The volume has doubled since March 22nd ever since they announced reaching 6,000 ETH in loans

As a matter of fact, the past month has been an eventful period for ETHLend, having recently launched several key project developments. This includes the deployment of its decentralized application, Alpha 0.3 (Kogia) to the Ethereum Testnet, as well as new FIAT lending capabilities.

Also Read: ETHLend Collaborates With Brickblock To Improve Blockchain Based Lending

More about ETHLend

ETHLend was first traded on November 30th, 2017. ETHLend’s total supply is 1,299,999,942 tokens and its circulating supply is 1,086,132,884 tokens.

ETHLend is now constructing building a statistics module for the decentralized application. During Alpha 0.2.0, the group’s lending volume reached 3,500 ETH, with its current Omura version having already reached 8,500 ETH. ETHLend estimates this figure to reach 10,000 ETH before the Kogia main net release, bringing the total to 13,500 ETH in volume.

According to CryptoCompare,

“EthLend is decentralized lending application based on the Ethereum blockchain. LEND is an ERC20 token and its main utility is to be used for deployment payment fees on ETHLend with a 25% discount when compared to ETH. “

KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology,Cryptocurrencies and upcoming ICO’s.

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