KDA/USD 4-hour chart. Source: TradingView Three reasons for the late price growth for KDA include a newly list on Binance, the launching of the first decentralize switch over ( DEX ) on the Kadena network and upcoming roadmap plans which include the launch of an NFT standard and wrapped native tokens.
Kadena lists on Binance
The biggest driver of KDA was the March 11 list on Binance .
Following the announcement, the 24-hour trade volume spiked from an average of $ 38 million to $ 325 million during trading on Friday. KuCoin central besides saw high trade volume, with $ 117.4 million worth in trader occurring before the list went live at Binance .
New projects launch on the Kadena network
A moment development helping to boost the price of KDA was the launch of new protocols on the Kadena network including Kaddex, the first decentralize switch over in the project ‘s ecosystem which offers gas-free trading. Kaddex besides announced an integration with Simplex that will bring a decree onramp into the growing decentralized finance ( DeFi ) ecosystem .
. @ KaddeXofficial and @ XWalletOfficial are formally teaming up with @ SimplexCC to bring Fiat on Ramp services into Kadena DeFi.
The @ kadena_io Ecosystem is growing stronger than ever. Support our travel ! pic.twitter.com/dj3nCDvNUw
Read more: Coin Master – Wikipedia
— Daniele DV ⛓️️ (@KDX_Mandrake) March 8, 2022
Some of the other protocols that have recently launched and integrated with Kadena include Hypercent Launchpad, a platform that facilitates the launch of control projects on Kadena, and the crypto liquidity provider ZoidPay. Related: Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0
Upcoming roadmap developments could be bullish
A third factor helping to attract care to Kadena is the project ’ s approaching roadmap goals which include the launch of a native NFT standard called Marmalade .
Visit hypertext transfer protocol : //t.co/oUM5Z9649E for a tilt of our approaching milestones : pic.twitter.com/KPGkLD0S6W
— Kadena (@kadena_io) March 4, 2022
early noteworthy developments that are planned on the Kadena roadmap include the launching of captive native tokens like kBTC, kETH and kUSD, a push for extra United States and global change listings, the development of a lend platform infrastructure and the establish of a sustainable mine first step. Developers behind the project have besides announced plans to launch testnets for a Kadena Ethereum Virtual Machine ( EVM ) bridge american samoa well as a Kadena to Cosmos bridge that will facilitate interoperability with other popular blockchain ecosystems. The views and opinions expressed here are entirely those of the generator and do not necessarily reflect the views of Cointelegraph.com. Every investment and trade move involves risk, you should conduct your own research when making a decision .
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