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The world’s largest crypto exchange platform by trading volume is abruptly adding support for one decentralized finance (DeFi) application (DApp), causing its native token to skyrocket.
In a new announcement, Binance says it is adding support for DeFi App (HOME), a DApp that aims to simplify decentralized trading as well as make it more accessible.
After the addition, HOME skyrocketed, going from a low of $0.0201 on June 10th to a peak of $0.038 just two days later. The token has since retraced and is trading for $0.033 at time of writing, a gain of 10.3% during the last 24 hours.
HOME was also added to Binance’s HODLer airdrops, a program launched in June 2024 that rewards investors holding Binance’s native asset BNB with crypto assets based on previous snapshots of their balances.
On its official webpage, the developers behind DeFi App state that the project aims to address several challenges faced by crypto users, including the risk of errors, fragmented digital asset ecosystems, issues with centralized exchange platforms, and steep learning curves.
“If you’re new to crypto and DeFi, Defi App simplifies getting started. You won’t need to understand bridging, gas fees, or complex wallet setups – just follow a few simple steps to set up your crypto wallet, fund your account, and start swapping.
For degens already familiar with DeFi, Defi App offers advanced tools to manage multiple wallets across chains, leverage seamless swaps across EVM (Ethereum Virtual Machine) and Solana, and utilize on/off-ramp integration – all from one platform.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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