Trust Wallet has gained attention as it accelerates investments in the DeFi sector, announcing exciting developments. The token price recently surpassed the $1 mark following the announcement. Although decentralized finance carries inherent risks, platforms are striving to attract more users in the upcoming bullish season by offering features similar to centralized exchanges.
Why is TWT Coin Rising?
Just minutes before, the Trust Wallet Launchpool was unveiled. This initiative allows early-stage investors to invest in new tokens, thereby bringing more users to exchanges and DeFi protocols. Through Launchpool, users can participate in specific pools to earn rewards in the form of new tokens by locking TWT or other tokens.
If successful in the long run, the Trust Wallet Launchpool, set to open to over 140 million users, could elevate the price of TWT Coin further. For instance, launching a hype project with a requirement to lock TWT Coin in the staking pool would naturally increase demand and, consequently, the token price.
Despite a drop in BTC values causing a rapid decline in price, it has managed to briefly surpass $1 again.
