Parex

Another week, another opportunity to connect with our community! At Parex Network, our mission is to build a strong ecosystem while meeting the needs of our users. Through Telegram, Medium, Twitter, and other channels, we’re committed to keeping you informed about our progress.It’s always encouraging to see the positive feedback these reports receive. They remind us how important it is to stay connected with you as we work together to shape the future of our ecosystem.This week, much of our focus was on RaccoonSwap. The team has been working on making it more functional and user-friendly, taking steps to prepare for what’s ahead. Let’s take a closer look!Press Outreach: Sharing Parex Network’s VisionParex Network has been making remarkable progress in areas such as accessibility, integration, and user-centric development. This week, our efforts were recognized across multiple platforms under the title “<a href="https://coinmarketcap.com/community/articles/6759d2177fed37793853ae6e/" rel="noopener noreferrer nofollow">Parex Network Advances Ecosystem Accessibility Through Verification and Integration</a>.”<a href="https://coinmarketcap.com/community/articles/6759d2177fed37793853ae6e/" rel="noopener noreferrer nofollow">https://coinmarketcap.com/community/articles/6759d2177fed37793853ae6e/</a>The press coverage highlights several key milestones that Parex Network has achieved in recent months:<ul><li>CMC Verification: As a Layer 1 blockchain, Parex Network secured official verification on CoinMarketCap (CMC), a critical step in ensuring transparency and accessibility for the PRX token. This verification makes PRX more trackable, analyzable, and understandable for users worldwide, reinforcing Parex’s credibility in the blockchain space.</li><li>PEP20 Integration: With the integration of Parex’s PEP20 network on MEXC, PRX token transactions have become faster and more cost-effective. This collaboration not only streamlines user experience but also extends Parex Network’s reach to a broader audience, positioning it as a versatile and accessible ecosystem.</li><li>RaccoonSwap: As Parex Network’s decentralized exchange (DEX) platform takes shape, RaccoonSwap is poised to enhance the ecosystem further. It will enable users to trade PRX-based pairs directly within the Parex ecosystem, offering a secure and user-friendly environment.</li></ul><a href="https://x.com/parexnetwork/status/1866867716503802047" rel="noopener noreferrer nofollow">https://x.com/parexnetwork/status/1866867716503802047</a>The press releases serve as more than just announcements — they are a gateway for the global audience to understand the vision, innovation, and technical advancements that define Parex Network. These features not only celebrate our achievements but also set the stage for what’s to come, as we continue building trust and engagement within the blockchain and Web3 space.USDT Added to the Parex Bridge<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/82d4a8b4f2324e209de6739294d85a72.jpg" />This week, USDT was integrated into the Parex Bridge. With this update, the bridge now supports one of the most widely used stablecoins, enhancing its utility and preparing the groundwork for upcoming developments within the ecosystem.<a href="https://bridge.parex.network/" rel="noopener noreferrer nofollow">https://bridge.parex.network/</a>Gas Tracker InformationThe Parex Network gas tracker provides detailed insights into transaction costs within our ecosystem. This tool allows users to monitor gas fees in real-time, ensuring greater transparency and helping them plan transactions more efficiently. You can access it here:<a href="https://scan.parex.network/gas-tracker" rel="noopener noreferrer nofollow">https://scan.parex.network/gas-tracker</a><a href="https://x.com/parexnetwork/status/1867022070875312260" rel="noopener noreferrer nofollow">https://x.com/parexnetwork/status/1867022070875312260</a>RaccoonSwap Announcement Coming Soon<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/13e25cab488f429a95217ff139677e29.png" />This week, the Parex team made significant progress on RaccoonSwap, our dedicated decentralized exchange (DEX) platform. By focusing on usability and seamless functionality, RaccoonSwap aims to provide users with a streamlined and secure trading experience.With its foundation rooted in PRX-based trading pairs, RaccoonSwap will enable value to flow efficiently within the Parex ecosystem, reducing reliance on external platforms. The team is putting the final touches in place, and we’re excited to share that an official announcement is just around the corner.Weekly Staking UpdateThis week’s staking activity reflects continued trust and confidence in the Parex Network ecosystem.<ul><li>Locked Staking: 77,646 PRX</li><li>Unlocked Staking: 10,722 PRX</li></ul>The total value locked (TVL) is now as follows:<ul><li>Locked TVL: 10,461,156 PRX</li><li>Unlocked TVL: 787,947 PRX</li></ul>These numbers show steady participation in both locked and unlocked staking options, highlighting the community’s active engagement with the network.Social Media and Community GrowthOur community continues to expand across platforms, reflecting growing interest and engagement within the Parex Network ecosystem:Twitter:<ul><li>Parex Network: 34.2K followers</li><li>Raccoonswap: 169 followers</li></ul>Telegram:<ul><li>Community Channel: 11.2K members</li><li>News Channel: 4.9K members</li></ul>Medium: 484 followersDiscord: 199 membersCoinMarketCap Community: 184 followersThis steady growth underscores the community’s active involvement and our collective commitment to building a vibrant ecosystem together.Keynotes<ul><li>USDT integration completed on Parex Bridge, enhancing functionality.</li><li>Gas tracker details shared to ensure transparency for users.</li><li>Press outreach brings Parex Network into the spotlight, with features highlighting ecosystem progress and goals.</li><li>RaccoonSwap development nearing completion, with an official announcement on the horizon.</li></ul>ConclusionAs we wrap up another week, we want to thank our community for their continued support and engagement. Every milestone we achieve is a reflection of the trust and collaboration that defines Parex Network.Stay tuned for more updates next week as we continue to grow, innovate, and strengthen the ecosystem together. Your feedback and participation drive our progress, and we’re excited to keep moving forward with you!<a href="https://links.parex.network/" rel="noopener noreferrer nofollow">https://links.parex.network/</a>

Parex Network Weekly Report — December 9th — December 15th, 2024

Parex Network

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