In this week’s article, we cover the top gainers on Cronos Chain for the week. In addition, Cronos Chain has launched its Pioneer 11 testnet.
1 – Top Weekly Gainers on Cronos Chain
Firstly, we will take a look at the top weekly gainers on the Cronos Chain ecosystem. This CoinGecko report specifically covers the price performance of projects on the ecosystem. It is as follows:
- CronoSports ($BETIFY), a DAO and sports betting protocol, boasts the best gain. It amassed a 38.7% profit within the seven-day time frame.
- Cronosphere ($SPHERE), an auto liquidity, reflection, and burn protocol, has the second-most gain. It has a 15.8% profit within the seven-day time frame.
- Lion Scrub Finance ($LION), a digital asset, is third on the chart. It also has an 11.5% profit within the seven-day time period.
- Mad Bucks ($MAD) is a long term utility token that also features a 6.9% profit within the seven-day time frame.
New week, new green spotlights for the @cronos_chain ecosystem!
Let's celebrate the top gainers on in the last 7 days ??
Which of these tokens do you own ???@GambleFinance@Cronosphere_@ScrubFinance@MMFcrypto@Minotaur_Money#CronosNews#CronosChainpic.twitter.com/rHNz3vyLHw
— Cronos News ?? (@NewsCronos) July 5, 2022
2 – Cronos Chain Rolls Out Pioneer 11 Testnet
During the week, Cronos Chain announced the launch of the Cronos Gravity Bridge testnet, dubbed “Pioneer 11.” The bridge will help in connecting Cronos Chain with the Ethereum blockchain, thus creating more liquidity for Cronos.
Additionally, the Pioneer 11 testnet will be useful in testing the Cronos Gravity Bridge as it’ll connect to Ethereum’s Goerli testnet.
Besides, the Pioneer 11 testnet is different from the already existing Cronos testnet (which developers use to test dApps).
For interoperability with the @ethereum network, @cronos_chain announces the launch of its “Pioneer 11” testnet. What will it entail ???#CronosChain#CronosNewshttps://t.co/rCxuoKQHoi
— Cronos News ?? (@NewsCronos) July 3, 2022
3 – Top Decentralized Applications on Cronos Chain
Finally, we analyze the DappRadar report on the weekly performance of native decentralized applications (dApps) on the Cronos Chain ecosystem. According to the report:
- Mimas Finance ($MIMAS), an algorithmic money market protocol, is the best decentralized application for the week. It also has $84.53 million in trading volume.
- MM Finance ($MMF), an automated market maker (AMM) and decentralized exchange (DEX), is second on the list. It has $75.16 million in trading volume within the week.
- VVS Finance ($VVS), an automated market maker (AMM) decentralized exchange, is in third place. It has $73.94 million in trading volume within the week.
- Tectonic ($TONIC), a cross-chain money market, is also on the list with $66.21 million in trading volume.
projects continue accumulating a ton of attention ??
Let's shout out the Top Dapps on the #CronosChain by total volume in the last 7 days ??
Which of these do you use?@MMFcrypto@VVS_finance@mimas_fi@TectonicFi@ToxicDeerFipic.twitter.com/SJvGi8lK7H
— Cronos News ?? (@NewsCronos) July 5, 2022
$CRO Coin Price Analysis
As of the time of writing, Cronos 0.116614 with a 24-hour trading volume of $22,726,354. CRO price also down by 1.8% over the last 24 hours. Besides, it has a circulating supply of 25.2 billion CRO coins and a total supply of 30.2 billion.
We hope you’ve enjoyed the updates.
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