- DEXE token price surged by around 10% today, and reached a peak of $17.21.
- DeXe surpassed $1 billion total value locked (TVL) last week after integrating with Ethereum.
Even though the broader crypto market is not performing up to the expectations of traders, several altcoins are recording significant price surges. The DeXe protocol falls into this category with its recent month-long price surge. Adding to that, the native DEXE token also surged by over 10% today, with a considerable surge in its trading volume.
The DeXe protocol native DEXE token price surged by more than 10% today. It is trading at around $16.48, at press time, after reaching a peak of $17.21 earlier today. While the market cap is standing above the $1.3 billion mark, 24-hour trading volume is $31.15 million, up by over 66%. When its price increased by around 17% today, DeXe made it to the list of top gainers by CoinMarketCap. However, its price is currently up by 11%.
DeXe TVL Surpassed $1 Billion This Week
The DeXe protocol and DeXe DAO went live on Ethereum, as part of its roadmap. Ethereum being one of the largest blockchain ecosystems of decentralized applications, this step increased DeXe’s scope to capture the market and increase its TVL. As a result, DeXe TVL surpassed $1 billion earlier this week, marking a significant milestone.
After integrating with the Ethereum blockchain, DeXe protocol adoption increased, which is directly reflected in its native token DEXE price. The platform even completed other key steps in its roadmap such as introducing staking for DAOs, consolidation of Treasury and organizational assets into smart contracts, etc.
With continuous efforts to improve the platform while offering innovative features to users, DeXe Protocol has the capability to rise higher and further push DEXE token price to its ATH.
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