Coin98 Labs, the DeFi arm of Coin98 ... has seen a rapid spike in momentum in both user activity and the daily transaction volume. There are growing expectations that other major blockchains ...

Source: Coin98 Analytics Ethereum’s success in Q1 2024 came amid the cryptocurrency nearing all-time prices in March, which triggered a massive spike in transaction costs on the network.

Decentralized finance (DeFi) platform Coin98 has rolled out its own dollar-pegged, decentralized stablecoin aiming to become a way to move value across different chains, Coin98 said Monday.

As ChainNews notes, Coin98 operates a decentralized exchange and wallet, with transaction volumes totaling $20 million in March. The exchange boasts of roughly 200,000 users, mainly in Southeast Asia.