SAGA increases by 20,000%

After being announced as a Launchpool project, the general listing of SAGA, in which Binance users showed record interest by locking $13.4 billion in BNB and FDUSD, started today. The layer-1 blockchain project was almost flooded in a similar way to the interest it saw before the listing. SAGA increased by more than 19,600% and rose above $7.89.

SAGA increases by 20,000%

SAGA, the token Saga Protocol, the game-oriented layer-1 blockchain project, experienced a big rise on Binance. SAGA, which opened to the general listing today, increased by 19,600%. After the Launchpool announcement on the stock exchange for the project, in which Binance users also showed great interest, $13.4 billion worth of BNB and FDUSD were staked.

None of the previous Launchpool projects had seen $13 billion worth of stakes. Recent projects ENA and ETHFI also approached the $13 billion limit, but failed to cross it.

“Scalling forever”

Saga, which Rebecca Liao, founder and CEO of Saga, describes as a “layer 1 project to create layer 1s”, has the feature of “scaling forever” through the small chains connected to the main chain. More than 350 projects have so far been included in this system, also called “horizontal scaling”.

In fact, Saga is not a game-oriented blockchain project as mentioned, but the fact that most of the participants concentrated on this field led it to make a name for itself in this way. More than 80% of the projects in Testnet were game-oriented.

Entered Binance like a storm

SAGA, whose main network update was also made today and saw a huge buying storm after the general listing started on Binance, also passed $7.8 on the stock exchange. The rate of increase approached 20,000%.

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