AllianceBlock’s Nexera (NXRA) price is flying after major news

November 25, 2023 03:41 AM AEDT | By Invezz

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AllianceBlock’s Nexera (NXRA) price is flying after major news — Image source: Invezz

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Nexera (NXRA), a crypto token by AllianceBlock, is one of the best-performing cryptocurrencies this week. The token surged to a record high of $0.1538 on Friday, 205% above the lowest point this year. This increase brought its market cap to over $112 million.

Nexera token rose after the developers launched the trading overview page. This upgrade makes it possible for traders to access the top 100 crypto tokens that are available in Uniswap, the biggest decentralised exchange (DEX) in the world.

Additionally, users can trade efficiently in the ecosystem, have fast execution, and receive detailed analytics of the tokens. Trading fees are then changed into NXRA token, which traders can use to lower their trading fees. In the coming weeks, the developers will make it possible to earn rALBT in the ecosystem.

Nexera Exchange was launched by AllianceBlock, one of the leading players in the blockchain industry. It was launched as a way of expanding the AllianceBlock DEX, which the company launched in 2022. The exchange is more user-friendly than other DEX platforms and has lower fees.

2/4
What does this mean for traders?

– Access the top 100 pairs on @Uniswap.
– Trade efficiently on our advanced platform.
– Detailed analytics for smart decision-making.
– Seamless navigation and quick trade execution.
— Nexera Exchange (@NexeraExchange) November 24, 2023

The challenge for Nexera is that the exchange industry is highly saturated. Some of the biggest companies in the industry are Uniswap, dYdX, Kine Protocol, Vertex, and THORChain.

The exchange complements the work that AllianceBlock does. It has evolved to become a leading player in the fast-growing tokenisation industry, where it provides the infrastructure that people and companies need.

Tokenisation is the process where companies convert Real World Assets (RWA) into digital tokens that can be moved easily. It is a fast-growing industry that is being adopted by many large companies.

For example, the London Stock Exchange (LSEG) is aiming to tokenise parts of its platform in a bid to reach more customers. Recently JP Morgan, the biggest bank in the United States, completed a tokenised transaction between Blackrock and Barclays.

Other companies like Swift, ANZ Bank, and Goldman Sachs are also working on tokenising parts of their businesses.

The post AllianceBlock’s Nexera (NXRA) price is flying after major news appeared first on Invezz

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