A monthly Wootrade roundup: April 2021
April was a month of records on both the CeFi and DeFi sides. The 5 pools on BSC, with only about $3.7m in TVL, were turned over to the tune of around $900m in trading volume — all with a fee of just ~0.05% per transaction. That’s the capital efficiency that Wootrade’s experience in centralized finance can bring to the DeFi space, making the protocols we build on more attractive to the institutional space.
April was also a very productive month for scaling business development. Several significant partnerships were formed and collaborative growth plans outlined.