- Step.App introduces a dual-token ecosystem, launching SPEX for its newly built DEX.
- Step.App still takes a small share of subnet activity, but remains promising.
- On Avalanche, Swimmer Network and DFK make up the most volume.
Step.App follows the strategy of STEPN (GMT) to become a multi-chain app. The latest feat of Step.App is the building of one of the major subnets on Avalanche and possibly a source of new transaction inflows.
Avalanche noted that the Step.App subnet is currently only responsible for a small share of transactions. The top apps with the most activity are still Swimmer Network and DFK Chain, making up around 90% of all volumes.
But the difference is that Step.App has built an entire blockchain ecosystem to tokenize its game and offer swaps, staking and other features.
Avalanche expects the launch of dozens of subnets in the coming months. The C-Net blockchain can be a stepping stone to building subnets, which are both independent and can communicate with all Avalanche features.
The Avalanche Core wallet is also a tool that unites the entire crypto ecosystem, by granting access to subnets and their respective NFT and other assets. This allows games to control their transaction costs and to scale, while also remaining connected to the liquidity on Avalanche.
Step.App Reaches $SPEX Token Listing Stage
After months of waiting without tokenization, Step.App picked up the pace with token listings. Move-to-earn apps rely on trading to offer monetization tools to their players.
In addition to FITFI, SPEX token is tailored for decentralized trading and for bringing liquidity to Step.App. SPEX will be the liquidity token of Step.Ex, the decentralized exchange tied to the game. Step.App will aim for a more stable economy by encouraging owners to lock up liquidity. Step.Ex has also passed a smart contract audit and a similar verification to PancakeSwap.
FITFI started trading in May, and came down from a peak above $0.70, down to the current level of $0.07. At the current price level, Step.App registers around 125 users per day based on smart contract usage.
As of September 5, FITFI also added another trading pair on the Bybit exchange.
