Chronos Decentralized exchange (DEX) reached $217 million in total locked money (TVL) just seven days after launching on the Arbitrum blockchain.
With the new TVL numbers, Chronos comes in at number 8 for the largest decentralized exchange. according to informationof DefiLlama
Chronos debutAs of April 27, it is a liquidity provider and automated market maker for the Arbitrum network with major pools such as Chronos-Ether (CHR/ETH) and Chronos-USD Coin (CHR/USDC), as well as Arbitrum-Ether (ARB/ETH). , Ether-USD Coin (ETH/USDC), USD Coin-Tether (USDC/USDT), and Bitcoin-Ether (WBTC/ETH).
DEX is a peer-to-peer marketplace where the crypto community frequently trades without transferring funds to intermediaries or custodians, with smart contracts driving these manual transactions. In recent years, hacks and bugs are one of the biggest risks of trading on DEX.
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