IOTAbee rises as it provides most liquid market for SMR and SOON, community prepares for ShimmerEVM launch – CryptoNewsTo

IOTAbee rises as it provides most liquid market for SMR and SOON, community prepares for ShimmerEVM launch

  • IOTAbee has proved liquidity for SMR, SOON and SHIMMER native tokens to over 3000 in less than a year since launching.
  • IOTA community members are preparing for the launch of ShimmerEVM in the coming months. 

IOTAbee has been beneficial for the community since its launch. The multichain Swap + DEX product launched in 2022 Shimmer and Assembly.

IOTAbee has taken to Twitter to note that it has provided liquidity for SMR, SOON and SHIMMER native tokens since September 2022. More than 3000 customers have benefitted from their services.

The IOTA bee’s multichain functionality is of great importance to the ecosystem. Multi chains are already in the IOTA ecosystem and other chains outside the network also exist. The goal for IOTAbee since its creation has been to provide seamless trading experiences for the community.

IOTAbee is designed with features that are setting the groundwork for the most notable experiences on the network. IOTAbee is permissionless for the creation of liquidity pools. IOTAbee is built on IOTA, which is free, scalable, and overall a decentralized network.IOTA lists some other benefits as

Member of Tangle Rally creating synergy with TanglePay and other projects, Innovative tools on top of a swap to generate higher LP returns, Iceberg Legends supported as the utility NFT to have up to 30% trading fee discount.

It is also important to note that tokens like SMR and other pairs can be staked on IOTAbee. The current SMR/IOTA pool APR is a whopping 30%.

ShimmerEVM launch is upon us; expect an IOTA bull run after EVM goes live

Members of the IOTA and Shimmer community are aware that ShimmerEVM alpha has already been out for quite some time now. But the Shimmer EVM beta, which is expected to come in a week’s time, will change the game for IOTA.

The IOTA community is gearing up in preparations for the soon-to-come ShimmerEVM. The ShimmerEVM coming alive means different things for the IOTA community. One community member is anticipating an upsurge in IOTA’s value, strong enough to send it above DOT.

IOTA analysts are quite bullish at this time. Analysts are now signaling a potential buying opportunity in the market for IOTA traders and investors.

The EVM will bring free less smart contracts to the network. There might be a bull run that comes after the launch as one user noted.

Self-custody IOTA wallet TanglePay is also showing support for ShimmerEVM. Tanglepay is giving its user base access to switch between the different platforms on their wallet.

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TanglePay will support ShimmerEVM network starting with ShimmerEVM testnet.Users will be able to switch between IOTA, Shimmer and ShimmerEVM wallet easily on TanglePay. dAPPs could use TanglePay Chrome version as the ShimmerEVM wallet solution. Easy & Powerful.

TanglePay announced in a new tweet.

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