THORSwap has done it again hitting close to $500k revenue in the last 2 months.
A look back at @THORSwap's June Rewards Distribution:
— THORSwap ✌️ for $vTHOR (@THORSwap) August 25, 2022
- Over 100k was generated in revenue! 🔥
- Over 80k earned was distributed to $THOR stakers ( $vTHOR holders), equal to a sustainable real yield APY of 10.12% 🤯
1/ Continued🧵👇 pic.twitter.com/LfL1KCFzjA
THORSwap introduced a 0.3% trading fee (swaps only) which started on April 25th.
THORSwap's revenue model collected $109,448 in June and $318,812 in May bringing it to a total of $428,260. About 75% of that has been distributed as $VTHOR Rewards to $THOR stakers. This is sustainable yield given over time. The other 25% is collected for THORSwap's treasury helping the team sustain building and shipping no matter the market.
The above numbers happened with the absence of DEX aggregator.
With the recent release of THORSwap's Ethereum(ERC-20) DEX cross-chain aggregator, it is very likely that revenue numbers go up as users can now swap thousands of ERC-20 tokens across 8+ L1 blockchains in a single transaction.
Congrats to the THORSwap team.
