Major

DeFi

Million

Rewards

This article highlights FXGuys’ ($FXG) groundbreaking PropFi platform with trader funding and staking, SEI Network’s $200M TVL milestone, and Ripple’s (XRP) bold move of integrating XRP into Saudi oil trading.&nbsp;
With significant developments across decentralized finance and proprietary finance, these projects showcase the developing cryptocurrency space and immense opportunities for traders and investors alike. Let’s discuss the developments in detail!
<h2 class="wp-block-heading" id="fxguys-launches-propfi-platform-with-new-staking-feature">FXGuys Launches PropFi Platform With New Staking Feature</h2>
<a href="https://fxguys.io/?utm_source=Publications&amp;utm_medium=Article&amp;utm_campaign=Private&amp;utm_term=T1&amp;utm_content=605" target="_blank" rel="noopener noreferrer nofollow">FXGuys</a> is making waves in the PropFi world by combining the reliability of TradeFi systems with the innovation of DeFi, offering traders access to trading capital and exciting APY from staking on its platform.&nbsp;
As a multi-asset trading platform, FXGuys provides traders with a platform with the largest and most liquid market while giving access to over $200,000 in trading capital through its Trader Funding program.
Furthermore, with its Staking Rewards Program, traders have the ability to stake and provide liquidity to support the FXGuys’ ecosystem. Traders who stake $FXG tokens stand to gain a double-digit APY and access to profit shares, trading fees, and trader funding programs.
From the $200,000 trading capital, traders can earn $FXG tokens from trading on FXGuys regardless of the outcome of their trades, which can be used to unlock perks such as lower profit targets and increased drawdown limits, enhancing the traders’ overall trading experience.
Currently, $FXG is available in Stage 1 of its public presale, trading at $0.03. With Stage 2 expected to hit $0.04, investors are certain to see a 33% return on investment. By the end of the presale, $FXG is projected to hit $0.10, offering a 233% yield for investors.
Furthermore, the $FXG token has the potential to surge by over 800% after launch due to its use cases on the FXGuys’ platform.
By combining PropFi and DeFi features, FXGuys is changing the traditional method of trading access to capital and trading experience, providing a secure and rewarding opportunity for both investors and traders. With its growth projected to surge, FXGuys is set to become a major player in the PropFi industry of over $6 billion.&nbsp;<a href="https://fxguys.io/?utm_source=Publications&amp;utm_medium=Article&amp;utm_campaign=Banner&amp;utm_term=AB&amp;utm_content=605" target="_blank" rel="noopener noreferrer nofollow"></a>
<h2 class="wp-block-heading" id="sei-network-surpasses-200-million-tvl-positioned-for-major-growth-in-defi">SEI Network Surpasses $200 Million TVL, Positioned for Major Growth in DeFi</h2>
SEI Network has achieved a significant milestone, with its Total Value Locked surpassing <a href="https://defillama.com/chain/Sei" target="_blank" rel="noopener noreferrer nofollow">$200 million</a>, a considerable rise from just $5 million in January 2024. This rapid growth follows the launch of its V2 protocol, which boosted the monthly TVL of SEI by 57.44% on average.
Today, SEI’s DeFi offerings and expanding community base have attracted investor’s interest, with daily active users now reaching 50000. SEI’s tokenomics also contribute to its strong outlook, with a circulating supply of 3.5 billion tokens and plans to release 55% of new tokens over the next year.
With these developments, SEI has seen its price move from <a href="https://coinmarketcap.com/currencies/sei" target="_blank" rel="noopener noreferrer nofollow">$0.266 to $0.469</a> between September 1 and September 30, 2024, marking a 76.31% increase. Analysts predict the value of SEI reaching $1.50 by October 2024.
However, SEI’s $120 million Ecosystem Fund, secured last year, has supported a variety of projects, fueling the network’s expansion and developments. With its growing user base and strategic development across various sectors of DeFi, SEI is well-positioned to become a key player in the Layer 1 blockchain space as it continues to gain attention.
<h2 class="wp-block-heading" id="ripple-integrates-xrp-into-saudi-oil-trading-taps-into-the-500-trillion-market">Ripple Integrates XRP into Saudi Oil Trading, Taps Into the $500 Trillion Market</h2>
Ripple Labs has made an interesting move by integrating XRP into Saudi oil trading and cross-border transactions, tapping into a $500 trillion market.&nbsp;
This initiative allows XRP holders to indirectly engage in oil purchases, linking cryptocurrency with purchases of traditional commodities. In collaboration with Saudi banks and the central bank, Ripple is transforming payment settlements, offering faster, cost-efficient cross-border transactions.
This partnership between Ripple and Saudi oil trading represents a major shift in Gulf fintech, positioning Saudi Arabia at the top of the list of countries involved in blockchain adoption. The collaboration further strengthens Ripple’s influence in the global market and expands XRP’s functionality, drawing widespread interest from crypto newbies.
This partnership has seen XRP <a href="https://coinmarketcap.com/currencies/xrp" target="_blank" rel="noopener noreferrer nofollow">surge by 24.95%</a>, moving from $0.505 to $0.631 between September 6 and September 30. This increase in price reflects the positive market sentiment of the general market.
<h2 class="wp-block-heading" id="unlock-profits-with-fxguys-propfi-and-the-fxg-presale">Unlock Profits with FXGuys’ PropFi and the $FXG Presale</h2>
<a href="https://fxguys.io/?utm_source=Publications&amp;utm_medium=Article&amp;utm_campaign=Private&amp;utm_term=B3&amp;utm_content=605" target="_blank" rel="noopener noreferrer nofollow">FXGuys</a>’ PropFi platform offers traders access to capital, staking rewards, and unique benefits like profit-sharing of 80/20 and funding perks through $FXG tokens. With the presale ongoing, investors have the chance to buy at a discounted price of $0.03, with projected gains of up to 233%.
Don’t miss out on this opportunity to join this growing momentum with impressive rewards for both traders and investors.
To find out more about FXGuys follow the links below:
<a href="https://fxguys.io/?utm_source=Publications&amp;utm_medium=Article&amp;utm_campaign=Footer&amp;utm_term=FTR&amp;utm_content=605" target="_blank" rel="noopener noreferrer nofollow">Website</a> | <a href="https://whitepaper.fxguys.io/" target="_blank" rel="noopener noreferrer nofollow">Whitepaper</a> | <a href="https://t.me/fxguysio_officialcommunity" target="_blank" rel="noopener noreferrer nofollow">Socials</a> | <a href="https://soken.io/view-audits/" target="_blank" rel="noopener noreferrer nofollow">Audit</a>

New Prop Funding Platform Promises Staking Rewards As Presale Sees Massive Buys Over SEI And XRP

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The Crypto Times

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