Step.App is expanding its entire ecosystem to retain liquidity and bring value to mobile earning players.
- Step.App introduced a dual token ecosystem with the launch of SPEX for its newly built DEX.
- Step.App still has a small but still promising share of subnet activity.
- On Avalanche, Swimmer Network and DFK constitute the largest volume of transactions.
Step.App follows STEPN’s (GMT) strategy to become a multi-chain application. step.App’s latest feat is the creation of a major subnet on Avalanche, which may be the source of new transaction inflows.
Avalanche notes that the Step.App subnet is currently responsible for only a small percentage of transactions. The most active apps are still Swimmer Network and DFK Chain, which account for about 90 percent of all transactions.
But the difference is that Step.App has built a full blockchain ecosystem, tokenizing its games and offering swaps, bets and other features.
Avalanche expects to launch dozens of subnets in the coming months. the C-Net blockchain can be a stepping stone to building subnets that are both independent and capable of communicating with all of Avalanche’s features.
The Avalanche core wallet is also a tool that unites the entire cryptocurrency ecosystem by granting access to subnets and their respective NFTs and other assets. This allows the game to control its transaction costs and scale, while also staying connected to the liquidity on Avalanche.
Step.App Reaches $SPEX Token Listing Stage
After months of waiting without tokenization, Step.App has accelerated its token listing. move-to-earn app relies on trading to provide monetization tools for its players.
In addition to FITFI, the SPEX token is tailored to decentralize trading and bring liquidity to Step.App. SPEX will be a liquidity token for Step.Ex, a decentralized exchange tied to the game. Step.App will enable a more stable economy by encouraging owners to lock in liquidity. Step.Ex has also been vetted for smart contracts, and as well as similar validation to PancakeSwap.
FITFI started trading in May and has dropped from a peak of over $0.70 to the current level of $0.07. At the current price level, Step.App is registering about 125 users per day, based on smart contract usage.
As of September 5, FITFI has also added another trading pair to the Bybit exchange.
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