WOOFi Pro's trading volume reached $24 billion in the second quarter, an increase of 375% compared to the previous quarter.

According to official sources, the trading volume of WOOFi Pro in the second quarter reached 24 billion US dollars, an increase of 375% compared to the previous period. The quarterly report shows that the $WOO ecosystem plans to reduce the release of $WOO tokens used for $WOO X designated market maker trading incentives and outlines how they will repurchase $WOO tokens through WOOFi and the destruction strategy. It is expected that by early 2025, the annual inflation rate of $WOO tokens will decrease to about 5%. In addition, $WOO X added 42 new employees in the second quarter, with over 85% having experience working at top cryptocurrency exchanges. It is projected to add another 50 employees in the third quarter to strengthen its technological innovation capabilities and achieve further growth in key regions. Chief Product Officer Bryan Huang emphasized that designated market makers have increased their participation in $WOO X, significantly improving depth and liquidity, reducing slippage on major trading pairs, and significantly improving platform latency. Ben Yorke, Vice President of the $WOO ecosystem, stated that WOOFi is about to undergo a series of deployments, including its first non-EVM deployment, aimed at increasing protocol trading volume and expanding coverage in different ecosystems. "The next phase of WOOFi will expand to new networks and add features of the Swap function, significantly expanding the original sPMM. A series of expansions, including our first non-EVM network, will bring us new user groups and strengthen the fundamentals of the entire $WOO ecosystem by increasing DeFi market share."