Liquidity Layer Project Built on Solana (SOL) Surges More Than 63% This Week As New DApps Roll Out in Ecosystem

A liquidity layer project built on Solana (SOL) has ripped by more than 63% in the past seven days as its ecosystem continues to power more decentralized apps (DApps).

HXRO (HXRO) is trading around $0.195 at time of writing, up from around $0.119 one week ago.

The 243rd-ranked crypto asset by market cap is down by nearly 5% in the past 24 hours, however.

HXRO is an on-chain liquidity layer for derivatives and betting applications. The project announced this week that PepperDEX (decentralized exchange), an on-chain perpetuals and expiring futures trading platform, will be powered by an HXRO protocol.

Daniel Gunsberg, co-founder and chief executive of HXRO, also notes on Twitter that another one of the project’s DApps also took an important step this week.

“UpDown is about to go live on a large iGaming operator’s (just like Rollbit!) site. This is the first time major online casino operators are picking up true web3 applications and integrating them as content.

This DApp is fully powered [the] HXRO parimutuel protocol. You will start seeing more of these showing up on your favorite casino sites very soon. All powered by HXRO.”

Despite the asset’s gains this week, HXRO remains more than 75% down from its all-time high of more than $0.80, which it hit in June 2021.

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