Oryen Network Launches Next-Gen DEX and dApp During Presale, While Cardano and Shiba Inu Development Stalls

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Oryen Network has achieved yet another milestone, adding its next-gen decentralized app (dApp) to its decorated ICO performance. The Oryen dApp features a decentralized exchange (DEX) facilitating permissionless token swaps on-chain.

While Oryen reaches new heights, most crypto projects remain stagnant or on a declining trajectory. The bearish markets have hit tokens hard, causing the overall crypto market cap to fall 20% in November alone. Projects that have stagnated include Cardano and Shiba Inu.

Understanding Oryen Network

Oryen Network is a feature-packed DeFi protocol running on the Binance Smart Chain (BSC). The platform’s prominent feature is its high-yield staking program that generates 90% guaranteed APY for investors. The high yield offers a ready and steady stream of passive income.

To sustain the high yields, Oryen deploys its custom auto-staking technology. This automated protocol generates crypto’s highest rewards regardless of prevailing market conditions. Also, the technology simplifies staking by allowing users to earn interest by simply holding Oryen’s native token, $ORY.

Further, Oryen’s architecture comprises a layer of tools that keep the project afloat and drive value appreciation for $ORY. One of the tools is the Risk-Free Value wallet which securely holds backup assets, including stablecoins and other liquidity assets. These assets are deployed during volatile market conditions to stabilize $ORY’s floor price.

Another tool deployed is Oryen’s rebase mechanism for token supply. The rebase technology raises or lowers the $ORY supply based on the environment. For instance, the token supply falls when more users sell $ORY. This way, the protocol induces more demand for the token.

The Oryen dApp allows users to swap tokens directly from their non-custodial wallets. You can also supply liquidity to pools on Oryen’s DEX containing $ORY to earn rewards. The benefits of Oryen are endless, and the project is creating more utility for the token.

What is Cardano?

Cardano is a decentralized blockchain known for its research-centric development. The proof-of-stake (PoS) chain is one of the most energy-efficient platforms supporting smart contract execution. The protocol relies on peer-reviewed proposals to develop new systems for stable and durable performance.

With smart contract support, you can build dApps on Cardano to leverage its efficiency and comparably low cost. Cardano’s $ADA token is a deflationary token used to fuel on-chain network activities. $ADA has slumped over 70% in the past year and 25% in November.

What is Shiba Inu?

Shiba Inu is a meme coin project by an anonymous developer, Ryoshi. The project, which started from nothing, gained popularity amid the meme coin craze. The $SHIB token powers the community ecosystem, currently the second-largest meme token by market cap.

Shiba Inu is developing new DeFi features to add utility for $SHIB. After a meteoric rise in 2021, $SHIB’s value depreciated by 80% in 2022.

Final Takeaway

Many projects have fallen amid the ongoing crypto meltdown. So far, there are few projects gaining value. $SHIB and $ADA have stalled but have the potential to rebound when market trends flip. On the other hand, Oryen is registering massive gains for investors. The project ranks among the leading altcoins for 2022 and is up over 250%. The dApp launch will propel Oryen to more success as its token will reach 600% gains in days.

Learn More Here

Join Presale: https://presale.oryennetwork.io/register

Website: https://oryennetwork.io/