News from the AUTO Coin Development team on July 22, 2022
Howdy AutoFam!
We are proud to announce the launch of the 17th chain on Autofarm and welcome the Evmos community with open arms. Bear market is BUIDL market, that’s a thing you don’t have to tell our developers twice. With adding the Evmos chain we get another step closer to being the one-stop shop in DeFi.
About Evmos
Evmos was the first IBC-enabled EVM (Ethereum Virtual Machine) compatible blockchain built with the Cosmos-SDK. Launched in late April 2022 and with a current TVL of +8M spread out over 10+ dApps, it is bound to be a big player in the DeFi scene.
About Diffusion
Diffusion is an Automated Market Maker (AMM) protocol and liquidity pool designed for efficient trading between crypto-assets. The trading activity on Diffusion captures fees as revenue for liquidity providers, resulting in a decentralized market and trading experience. Launched just recently on April 28, with an approximate TVL of 3M and a trading volume of >100M in under 100 days (!) Diffusion is the biggest DEX on Evmos currently.