Why is WOO Network (WOO) crypto generating interest?

Follow us on Google News:
 Why is WOO Network (WOO) crypto generating interest?
Image source: © Inueng | Megapixl.com
  • Woo Network is a liquidity network which connects traders, institutions, exchanges, and DeFi platforms. 
  • The project offers services in two categories: WOO X and WOOFi. 
  • WOO token is used for staking and offering fee discounts on the centralized finance (CeFi) and decentralized finance (DeFi) products in the network. 

WOO Network (WOO) token is grabbing attention ahead of this week’s updates. The token rose 11.45% to US$0.1745 at 9:33 am ET on Wednesday.

On June 9, the WOO Network’s incubated decentralized trading infrastructure, Orderly Network’s testnet, is expected to go live with the first dApp on its platform. A testnet is a separate blockchain used for testing new features without causing any risk to the main chain.

WOO Network, also an incubated project, is ranked 146th by Coinmarketcap in terms of market capitalization. The token has a market cap of US$184.59 million, with 11,259 token holders. 

What Is WOO Network (WOO)?

Woo Network is a liquidity network that connects traders, institutions, exchanges, and DeFi platforms to provide them with liquidity and trading services at zero or low cost.

WOO Network offers liquidity-as-a-service (LaaS) for institutional clients, including exchanges. The clients can use the service to upgrade their order books to a level deeper than top exchanges and tighten their bid/ask spread. 

Also Read: What is Reserve Rights (RSR) crypto? Know price & performance

The project offers services in two categories, WOO X and WOOFi. WOO X is a trading platform. It provides liquidity and execution services to professional and institutional traders at zero fees.

WOOFi is a decentralized exchange deployed by select DeFi protocols and applications. DEX offers its users improved on-chain liquidity and execution. 

In 2019, the multi-strategy trading firm Kronos Research incubated WOO Network. The firm provides trading besides specializing in market making, high-frequency trading, arbitrage, etc.

Also Read: Why is EVM blockchain Velas (VLX) rising? know more about it here

Why is WOO Network (WOO) crypto generating interest?Data Source: coinmarketcap.com

Also Read: What is Hedera (HBAR) crypto and is it environment friendly?

WOO token:

WOO token is used for staking and offering fee discounts in the centralized finance (CeFi) and decentralized finance (DeFi) products on the network.  

Its trading volume rose nearly 200% on Wednesday to US$46.79 million. The token has a current circulating supply of 1.06 billion, with a total supply of 2.99 billion.

Also Read: Why Saitama (SAITAMA) crypto fell? Is it worth exploring?

Bottom line:

The WOO token can be traded on WOO X, Binance, MEXC, OKX, Gatee.io, Huobi Global, KuCoin etc.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

Featured Articles