However, the current limitations of technology as well as obstacles to entry for both iGaming entrepreneurs and patrons have hindered this development.
The introduction of new decentralized finance tools can help deal with and put a solution to these restrictions.
Royale Finance is expected to lead the way.
Royale (ROYA) was trading 8.5% lower today and settled at $0.312574 with a 24-hour trading volume of $1,724,977, based on figures by CoinGecko.
Royale (ROYA) is a cryptocurrency token generated on the Ethereum blockchain. The cross-chain DeFi protocol native digital asset ROYA has a circulating supply of 12 million coins and a max supply of 72 million. Uniswap (v2) is the current most active market trading the coin.
On CoinMarketCap, the token was down 8.23% at $0.3119, with a low of $0.3016 and a high of $0.3427 on Sunday. It has a market rank of 1120 on the crypto exchange.
ROYA hit an all-time peak of $0.453720 last week, and an all-time low of $0.127335 on Jan 11 this year.
Royale Finance’s share of the entire cryptocurrency market is 0.00%, with a market cap of $3,715,215.
Royale’s objective is to create Web 3.0 Smart-backed funding solutions using Decentralized Finance primitives in order to support new tech in iGaming products and platforms.
CoinGecko calls the combination of iGaming returns as iGDeFi, which is uncorrelated to DeFi electronic assets but powered by base layer DeFi protocols.
The fast growth of the DeFi ecosystem in 2021 has so far cornered over $14 billion in total value of crypto assets locked into decentralized protocols.
The native ROYA digital coin is among rare versatile cryptocurrencies that can be used for paying stability fees, liquidity mining, and opening Smart-backed liquidity positions.
Image courtesy of Cryptocito/YouTube Screenshot
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