Many people ask me, why has $SAROS been able to rise so quickly?
First, it is a star DeFi project on Solana. In June, it launched DLMM (Dynamic Liquidity Market Maker), making trading more efficient and capital utilization higher, with trading volume exceeding 60 million USD in just two months.
Second, the total supply of tokens is fixed and will not be infinitely issued, which means that scarcity naturally exists.
Third, the foundation is very strong—during the first round, it spent 38 million USDT to buy back 100 million $SAROS, and it also promised to use 20% of the protocol income for continuous buybacks and destruction every year. This is like a limited edition hot item that keeps being purchased, causing the price to naturally rise.
With the overall popularity of Solana, this wave of market activity may not have reached its end yet.
#Saros #Solana #DeFi
@saros_xyz