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Why is Elrond Up 1,828% this Year and Can it Grow More?

Published 26/11/2021, 16:39

One of the cryptos bucking the most recent trend has been Elrond, trading with the EGLD ticker. And it hasn't just been rising, it's actually up 500% in the last three months!

The latest growth spurt came after they announced a 1 billion dollar liquidity incentive program to supercharge the launch of their Maiar DEX DeFi platform. This is perhaps the largest DeFI incentive program to date and represents a strong step toward pushing DeFi adoption beyond the current boundaries of the crypto space, into the mainstream. But let's go deeper and take a closer look at the fundamentals of this project and what makes it unique.



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