BLACK Protocol Hits 3-Month Milestone with 9,650+ Holders and $16.5B Volume
BLACK Protocol Hits 3-Month Milestone with 9,650+ Holders and $16.5B Volume
🕳️ Three months later...
BLACK Protocol celebrates three months live with impressive growth metrics across key areas.
Key achievements include:
- 9,650+ veBLACK holders participating in the ecosystem
- 94M+ $BLACK tokens locked since launch
- $16.5B in cumulative trading volume processed
- $12.9M+ generated in cumulative swap fees
- $24.2M+ distributed as rewards to token lockers
The protocol has shown consistent growth since its Season 1 Escape Velocity program, which distributed 6M veBLACK to eligible users and saw 17.7M $BLACK locked or burned across 1,000+ wallets.
This milestone represents solid foundation building as the team positions for continued expansion in the DeFi space.
We've officially been live for 3 months 🎊 ▫️9,650+ veBLACK holders ▫️94M+ $BLACK locked since launch ▫️$16.5B in cumulative trading volume ▫️$12.9M+ in cumulative swap fees ▫️$24.2M+ paid out to lockers This is only the beginning 🕳️
🎁 Season 2 Rewards Drop
**BlackHole DEX Season 2 Complete** Escape Velocity Season 2 rewards have been distributed to eligible participants. Wallets that locked more than 2,000 $BLACK tokens received **61% rebates** in veBLACK tokens. **Season 3 Already Live** - New season underway with 6 million veBLACK in rewards - Only 20 days remaining to participate - Same mechanics: lock $BLACK to earn veBLACK rebates The program continues BlackHole DEX's incentive structure for token holders who commit to locking their $BLACK tokens for extended periods. [Learn more about Season 3](https://paragraph.com/@blackholedex/escape-velocity-season-3-launch)
$BLAZE Token Launches Exclusively on Blackhole Exchange
**$BLAZE token is now live** and trading exclusively on the Blackhole exchange platform. The launch marks another addition to Blackhole's growing token offerings, following the recent addition of Tron ($TRX) in September. - **Exclusive availability** on Blackhole platform only - Joins other supported tokens like $TRX - Trading is now active for users This exclusive launch continues Blackhole's strategy of hosting new token debuts on their exchange.
KelpDAO Launches wrsETH on Avalanche with Blackhole DEX Integration
**KelpDAO expands to Avalanche** with wrsETH now live on the network, bringing liquid restaking to Avalanche's DeFi ecosystem. **Key integrations include:** - Blackhole DEX with dedicated wrsETH liquidity pools - Euler Finance offering wrsETH lending markets - K3 Capital curated lending cluster **Current reward opportunities:** - Kernel Points for participation - AVAX network rewards - Black rewards from Blackhole DEX Users can now **borrow WETH using wrsETH as collateral** on Euler Finance and participate in concentrated liquidity pools on Blackhole DEX. The expansion leverages **Avalanche's speed and low transaction costs** for more efficient restaking operations beyond Ethereum and Layer 2 networks. Users can mint or bridge rsETH natively on Avalanche through the Kelp dApp and immediately start earning rewards across integrated platforms.
Voting Rewards Hit $2.1M+ for Single Epoch
**Voting rewards have reached over $2.1 million** for a single epoch, marking a significant milestone in the platform's reward distribution. This represents continued growth from the previous $2M milestone reached in epoch 3 back in August. **Key highlights:** - Single epoch rewards now exceed $2.1M - Substantial increase from earlier epochs - Rewards distributed to active voters The question remains whether participants are properly positioned to capture these rewards through the voting mechanism.