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- Binance opens trading for Pantera Capital and Coinbase backed Maverick Protocol (MAV)
- Maverick’s native token will trade against Bitcoin, USDT and TUSD.
- Binance added Maverick Protocol to its launchpool incubator earlier this month.
Binance has opened trading for Maverick Protocol (MAV), the native token of a DeFi project backed by Founders Fund, Pantera Capital, Coinbase Ventures and Binance Labs among others.
According to an announcement by the leading crypto exchange, support will initially be for three trading pairs: MAV/BTC, MAV/USDT and MAV/TUSD. Maverick trading on Binance went live on June 28, 2023 at 08:00 (UTC).
#Binance will open trading for @mavprotocol $MAV.https://t.co/8S7gg1aSGl
— Binance (@binance) June 27, 2023
Traders will benefit from zero fee trading on the MAV/TUSD pair “until further notice,” the exchange announced.
Binance’s listing of Maverick Protocol comes a few weeks after the exchange added the token in its Launchpool. Apart from Binance, MAV can also be traded on Bitget and DigiFinex.
What is Maverick (MAV)?
Maverick Protocol is a composable decentralised exchange (DEX) powered by the Maverick AMM (automated market maker). As a DeFi infrastructure provider, Maverick focuses on improving capital efficiency for liquidity providers (LPs).
“Maverick’s goal is to eliminate inefficiency from DeFi by helping users put their liquidity where it can do the most work,” the protocol recently posted on its Twitter account.
MAV is live on the Ethereum mainnet, zkSync and BNB Chain and has seen significant growth since it launched its Dynamic Distribution AMM. Trading volume on the DEX has hit over 2.5 billion.
A few hours before the MAV token goes live on @binance! Let’s review some highlights of Maverick:
• Hit top 5 DEXs on all chains by volume
• Supported 2.5 B+ volume on chain
• Supporting 30%+ #LST daily trading volume on chain
• Backed by @foundersfund @PanteraCapital1/6
— Maverick Protocol (@mavprotocol) June 28, 2023
The price of MAV rose to its all-time high above $0.58, with market cap rising to over $141 million. Circulating supply currently stands at 250 million MAV, and total supply at 2 billion tokens.
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