Today on agenda, Elrond (EGLD) faces a sharp surge of 17.6%, reaching the price mark of $248.65. This is the first breakout after the dip on September 21, when the crypto fell to the point of $179. However, the weekly statistics show that on September 14, Elrond reached the value of $299.42. Currently, the crypto holds a trading volume of $370,321,180 and a market capitalization of $4,919,959,980. The recent momentum for EGLD is the result of the launch of the Maiar exchange, a DeFi protocol built on the Elrond network that allows users to trade, provide liquidity in various pools. On September 9, it was announced that US citizens can now purchase EGLD tokens directly through the Maiar application thanks to the MoonPay integration, which gives the project access to the world’s largest retail economy. In an effort to attract new users and demonstrate the capabilities of the Elrond network, Mayar also launched a $ 100,000 “Battle for Profitability” contest on September 14, which gives users the opportunity to win EGLD based on their trading volumes. The KuCoin crypto exchange has added EGLD to the list. Just in time, as the crypto market continues to grow in price and number of users.
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