The Shimmer Liquidity Mining Campaign, a six-week initiative running from January 31st to March 16th, has successfully concluded, yielding significant growth and valuable insights for the Shimmer ecosystem. Here’s a breakdown of the key achievements:
User and Transaction Boom:
- 31% Increase in Total Value Locked (TVL): The campaign saw a peak TVL of $13.08 million, reflecting a 31% increase in locked assets within the Shimmer EVM.
- Value Inflow Through ShimmerBridge Triples: Over $4.53 million flowed into the ecosystem through ShimmerBridge, representing a more than threefold increase.
- Transactions Surge on Shimmer EVM: The number of transactions on the platform skyrocketed, reaching 81,006 across the campaign. Notably, the daily peak surpassed an impressive 8,000 transactions.
- Shimmer EVM Accounts Nearly Double: The campaign attracted a significant number of new users, with the number of Shimmer EVM accounts growing from 9,200 to 17,200, representing nearly double the initial figure.
- Second-Highest Daily Transaction Count: Shimmer EVM witnessed its second-largest daily transaction count in history, exceeding 70,000 transactions.
Reward Distribution:
Participants who met the eligibility criteria (details available here) and those who earned referral rewards during the Shimmer Supporter Campaign received their airdrop on Wednesday, April 24th, directly to their eligible wallet addresses.
Detailed Breakdown:
- Over 1,000 participants joined the campaign, and after careful analysis with Tide (the Web3 incentive protocol), 830 participants were deemed eligible for rewards.
- Of the eligible participants, 630 will receive their full rewards on April 24th.
- The top 200 participants will receive their rewards in six installments, with one-sixth distributed on each Wednesday before 3 PM over the next five weeks.
- The Tangle Ecosystem Association Growth Committee allocated a generous 1.5% of the total SMR supply (27,204,307 SMR) for participant rewards.
This successful Shimmer Liquidity Mining campaign signifies a major step forward for the Shimmer ecosystem, attracting new users, boosting activity, and paving the way for future initiatives, including the highly anticipated IOTA EVM.
Shimmer (SMR) Market Outlook– Updated May 18th
The global cryptocurrency market appears to be flat, with no significant change in the last 24 hours. However, the price of SMR has dipped by 1.69% in the same period. Currently priced at $0.00885554, SMR’s trading volume is around $38.31K. While information on circulating supply and market cap rank is unavailable, we do know the maximum supply is capped at 1.81 billion SMR coins. The price fluctuated between $0.00907367 (high) and $0.00884832 (low) today.
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