PlayBlock Records Surge in Daily Trading Volume as it Launches New CopyTrader Feature
Playnance, a renowned Web3 platform providing advanced blockchain solutions for trading, gaming, and decentralized finance, has seen its layer 3 blockchain, PlayBlock, record a notable surge in daily trading volume.
According to an official announcement today, PlayBlock has broken previous records in its daily trading volume over the past 10 days, all thanks to the launch of its latest feature, CopyTrader.
Introducing PlayBlocks CopyTrader Feature
The introduction of PlayBlocks pioneering CopyTrader feature has been a key driver of the blockchains growth as traders worldwide increasingly turn to Playnance. These traders aim to leverage CopyTrader to enhance performance while contributing to the ecosystems rapid expansion.
Aside from the impressive surge in daily turnover, Playnance has seen a notable wave of activity as traders capitalize on the opportunity to replicate the success of top performers.
Moreso, the blockchain has continued to attract a diverse user base, blending Web2 and Web3 audiences through its innovative tools and seamless experience.
Pini, the CEO of Playnance, commented on this achievement, saying;
The introduction of CopyTrader has been transformational, driving both daily turnover and trader engagement to new heightsThis correlation between CopyTrader adoption and our record-breaking growth underscores the value of our platform and its ability to empower traders at all levels.
Furthermore, the new feature allows users to follow top-performing traders, mirroring their trades instantly for optimized results, while setting personalized parameters such as trade amounts and limits to match individual goals.
Also, its automated smart contracts ensure that winnings are directly credited to user wallets after each round. Notably, CopyTrader has attracted new users while encouraging higher activity among existing traders as it lowers the barrier to entry for strategic trading.
Apart from the impressive adoption of its CopyTrader feature, Playnances flagship dApp, UpVsDown.com, also plays a major role in the ecosystems success. Known for its dynamic prediction market gameplay, UpVsDown.com has seen increased activity correlated with the CopyTrader feature as it offers gas-free transactions and skill-based and transparent gameplay alongside global accessibility.
PlayBlocks rapid growth has allowed it to accommodate high-frequency trading, supporting 40,000 transactions per second. Backed by the USD-pegged USDP, PlayBlock ensures reliable and user-friendly transactions. The platform has continued to grow, all thanks to its latest product.
Text source: ZyCrypto
