The DODO team recently announced its support for Coinbase pay. Users of the DODO app can now make purchases of ETH and other crypto assets more easily. With just a few clicks, you can have ETH in your wallet.
A few hours after the announcement, DODO went further to announce the upcoming release of its 3D avatar. The DODO avatar is a limited edition fashion avatar. The non-fungible token was created with partnerships from Kverso Crypto and Gate.io. The token’s utility will be maximized in the Kverso metaverse in the future.
DODO’s Price Surges
Following DODO’s announcements, the price of the token sprang up. DODO traded around $0.12 on the 13th of July, when the Coinbase and NFT announcement was made.
The following day, the token crossed the $0.13 mark. DODO continued with an upward momentum on the 15th of July, seeing a 6% increase from the previous day.
Currently, DODO is valued at $0.16 . The token is up by more than 14% from the previous day.
The DODO protocol hit the DeFi and Crypto space in 2020. The decentralized platform provides liquidity for traders, offering low transaction fees and slippage. The protocol uses the PMM algorithm which has been tipped by some blockchain experts to be a better alternative to the AMM algorithm.
The PMM algorithm on the DODO protocol balances itself by means of arbitrage. The framework relies on a demand and supply mechanism. Notably, DODO offers sufficient liquidity, as much as established centralized exchanges.
The protocol also gives liquidity providers the benefit of creating their trading pairs and depositing their tokens.
Undoubtedly, DODO has multiple benefits for DeFi users. With its Coinbase integration and upcoming NFT launch, the token may see some greener days in the coming weeks.
