Attempting to bridge their CeFi users into the DeFi space, Hoo.com became yet another exchange to launch an Ethereum Virtual Machine, or EVM-based, smart chain
Currently in Testnet, the chain prides itself to have a low fee of just 0.001 USD and over 500+ per second.
Also, the chain boast of Ethereum BSC and HECO compatibility.
There have been an increase of over 350% since the start of the year in Hoo’s token.
Also, OKEx and Gate are other exchanges in China that have launched their smart chains.
An attractive way to let users maximize yield while still letting the exchange capture value from the process is being proved by Smart Chains.