April 27th 2023
A Rapid Success Story in the DeFi Space
XETA Capital, a rapidly growing cryptocurrency company built on the Avalanche network, is proud to announce the convergence of three significant milestones. This extraordinary progress not only highlights the immense potential and robustness of XETA Capital's protocol but also emphasizes its innovative financial services and the enthusiastic reception it has garnered from the decentralized finance (DeFi) community.
Over $5,000,000 worth of $X3TA traded Over-the-Counter
The first milestone highlights the strong demand for XETA Capital's utility token, $X3TA, which serves as the exchange medium throughout the company's ecosystem. Since implementing the OTC service less than five months ago, over $5,000,000 worth of $X3TA has been traded using the service, which is a testament to the popularity of the token's utility. This significant trading volume signifies the growing interest in $X3TA and its contribution to the developing DeFi ecosystem. Read more about XETA Capital's OTC platform in the below articles: • New OTC System–Powered By XETA Capital • Benefits of an OTC-Only System
100,000 $X3TA deposited into XETA Capital's financial services
Since its inception, members of XETA Capital have deposited 100,000 $X3TA tokens, equivalent to $8,300,000, to the firm's financial offerings. The majority of these deposits have been directed toward XETA's highly sought-after High-Frequency Trading (HFT) fund, a service typically reserved for ultra-high-net-worth individuals (UHNWI). This milestone highlights the compelling nature of XETA Capital's offerings and demonstrates the effectiveness of its financial products in capturing the DeFi community's interest.
Over $20,000,000 in Total Value Locked (TVL)
XETA Capital has also reached a remarkable milestone in terms of the total value locked (TVL) in its protocol, surpassing the $20,000,000 mark. TVL is a crucial metric that measures the number of assets locked in a DeFi protocol, providing a snapshot of its overall health and adoption rate. For XETA Capital, TVL represents the dollar value of $X3TA tokens locked into the company's membership mechanism, known as XŌNs. This achievement underscores the growing trust in XETA Capital's platform and its ability to secure and manage significant funds on behalf of its users.
In just under ten months, XETA Capital has established itself as a significant player in the DeFi space. These three milestones demonstrate the protocol's strong foundations, adaptability to the rapidly evolving financial landscape, and capacity to attract and retain users. As XETA Capital continues to innovate and expand its product offerings, the future looks bright for this pioneering DeFi company and its growing community of supporters. Welcome to wealth management reimagined. Welcome to XETA Capital.
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