PoseiSwap, aiming to use Web3 tech in Web2, sees its governance token $POSE surge again by over 360%

PoseiSwap, with the ability to capture Web2 users on a large scale, sees its governance token $POSE surge again by over 360%.

$POSE was listed on PancakeSwap on July 4th and surged by over 2100% within the first 10 minutes of trading, attracting high market attention. In subsequent secondary market trading, the $POSE token continued to experience significant price increases (with a maximum increase of 360%), bringing substantial profits to many investors. With the influence of PoseiSwap, $POSE is expected to continue to rise.

PoseiSwap is the first DEX on the Nautilus Chain, which prioritizes features such as order book, privacy, and compliance. As the industry's first modular Layer3 architecture chain, the Nautilus Chain provides strong support to PoseiSwap. PoseiSwap can build its own Rollup layer (currently using the Zk-rollup solution) in a modular form through the Nautilus Chain and receive support from Celestia (DA) and Eclipse (settlement layer). This means that PoseiSwap has the potential to support large-scale transactions and application scenarios with parallel operation capabilities.

The high upper limit increases the future development expectations of investment institutions and investors and allows PoseiSwap to secure financing. Previously, PoseiSwap received $1.5 million in financing from Zebec Labs at a valuation of $10 million and a new round of investment from top industry investment institutions such as Gate Labs, Emurgo Ventures, Republic, and Cipholio Ventures at a valuation of $25 million. At the same time, PoseiSwap has the potential to become a top DEX in the new DeFi Summer wave.

PoseiSwap has the potential to become a top DEX for several reasons.

Currently, there are only about 605 million cryptocurrency users worldwide, which is only 7.5% of the global population. According to the innovation diffusion model, when the market share of a technology reaches 13.5%, it is a threshold for its breakthrough in the early stage of development. Clearly, the 605 million users are still considered early adopters, as the crypto technology still needs another 700 million users to reach the early majority stage.

The increasing macroeconomic instability has intensified people’s distrust of the traditional financial system, making cryptocurrencies, especially Bitcoin, a valuable choice for millions of people. With the continuous development of technology and the increase in use cases, we can see that this adoption rate is accelerating. However, on the other hand, the crypto industry is still in its early stages of development. The native characteristics of cryptocurrencies create certain bottlenecks in the functionality expansion and transaction experience of on-chain applications, and most on-chain facilities have deficiencies in terms of scalability and performance. The underlying layers of the chain are subject to the impossible triangle (decentralization, security, and scalability), meaning that most on-chain facilities cannot capture Web2 users on a large scale.

Looking at traditional applications like Visa, Twitter, and PayPal, they all need to support user volumes in the billions, which requires extremely high demands for instantaneous backend support.

PoseiSwap is built on the Nautilus Chain in a modular way, which gives it a lot of flexibility in terms of functionality. For example, PoseiSwap can choose to establish an order book using the Zk-Rollup solution in a non-CLOB manner, and use zero-knowledge proofs to ensure that the order book runs securely and in a decentralized manner (off-chain zero-knowledge proof verification). In theory, with sufficient off-chain support based on zero-knowledge proofs, PoseiSwap’s transaction capacity has unlimited scalability potential.

PoseiSwap is built on an independent Rollup layer, and is supported by Eclipse and Celestia for settlement and data availability, respectively, instead of relying on other Layer1 and Layer2 facilities, ensuring that the settlement layer or data layer does not restrict its operational efficiency. PoseiSwap operates in parallel with other applications in the Nautilus Chain ecosystem and is not affected by the potential impact of other applications on its performance and capacity.

This unique Layer3 architecture is giving PoseiSwap unlimited potential and allowing it to capture Web2 users at scale, laying the foundation for it to become a top DEX.

Taking RWA as an entry point to comprehensively link the Web2 world

PoseiSwap is actively expanding into the traditional world, and to this end, it is building privacy features through Zk-rollup and integrating with OFAC compliance modules, laying the foundation for its expansion into more Web2 scenarios.

Based on privacy and compliance, PoseiSwap is currently introducing traditional world assets onto the chain as RWA, including gold, stocks, futures, and more, to become one of the main chain nodes in the Web2 and Web3 worlds.

This will be a blue ocean market. We see that the market capitalization of cryptocurrencies is only around $1 trillion, which is only a small part of the traditional financial system. Therefore, the RWA track itself has a very broad development space.

Currently, PoseiSwap is one of the few order book DEXs in the industry that supports RWA asset trading, and based on the order book, it is expected to bring more rich trading functions, providing crypto investors with more diverse ways of trading and profiting.

Looking at the traditional world, PoseiSwap is driving the trend of decentralizing real-world assets, allowing anyone to invest, regardless of their capital size, with reduced cost and time by reducing the need for intermediaries. Since every transaction on PoseiSwap is written into the blockchain, no one can fraudulently claim ownership of assets, and by opening the market to global buyers, illiquid assets can be made more liquid by increasing participation.

PoseiSwap is breaking down the barriers between the Web2 and Web3 worlds in a compliant and private manner, and is continuously providing feedback to the industry’s development.

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