The last month has been an exciting surge for the VOLT token, with a massive 500% month-to-month spike.  It has seen major growth after news of its listing on the MEXC Global Exchange, and even after the initial announcement passed its price has stayed strong.  But is this part of a temporary jump, or does VOLT have elements that will give it staying power over the weeks and months ahead?  Let’s dig into VOLT’s rise, the platform behind it, and try to gain some insight into its future prospects.

VOLT Basics

VOLT is the native token of Voltage Finance, a platform designed to provide access to anyone who wants to explore the potential of DeFi.  Services include:

• Swapping provides many different options for users to trade.  Trading fees help to incentivize the liquidity providers, allowing for enough liquidity to fuel Voltage Finance’s growth.  The platform is also working to develop a StableSwap integration so that users can swap between stablecoins with a low, possibly 0% slippage.
• Liquidity Pools allow those providers who stake to earn from the 0.3% trading fees, gaining a proportionate amount of their share.
• The platform is also experimenting with ZAP, creating the ability for users to add liquidity using a single token instead of a pair; simplifying the process for all, especially those who are exploring DeFi.
• Yield farming allows users with a number of choices for users to stake and earn, allowing them to manage their farm and gain real-time insight into their yields.
• The platform is working to provide a multi-chain ecosystem, and includes capability for bridging with Fuse-Ethereum and Fuse-BSC.
• Voltage has addressed liquidity fragmentation through its fUSD, a USD-pegged token backed by a number of strong stablecoins on the platform.

The platform has gained a number of prominent investors, including over $5.7 million raised in the last six months from venture capitalists and other institutional firms including Genesis Block Ventures, Sheesha Finance, and Spark Capital, among others.  What is surprising is that with the support occurring in a short amount of time, the scale of development from Voltage Finance has been rapid, to say the least.  In this short period the platform has continued to launch new features, most notably their full-featured app which has simplified DeFi for its many users.

The platform has been diligent in terms of building out a strong and reinforced security layer, with a total of four audits performed on Voltage and its stableswap (forked from Saddle Finance), all of which were successful.  Finally, it has grown quickly in part due to its active community, providing many solid suggestions for the platform to adopt.

Source:  https://voltage.finance/

MEXC Listing and Takeoff

VOLT’s recent growth was in part due to its listing on MEXC Global Exchange.  MEXC was founded in 2018 and has since grown to become one of the top crypto exchanges, serving over 10 million users in more than 170 countries.  The exchange focuses on high performance, extremely fast transactions (with capability of 1.4 million per second).  The exchange was awarded “Best Crypto Exchange Asia” in 2021, and holds such weight that being listed can add a boost for many a token.  After holding steady around $0.0002 before the announcement, the price jumped steady until its addition on the exchange, jumping to a high of $0.0019263.  After a cooling off period, the price settled to $.0006199, which is still an overall growth of over 300%.  

The question becomes, was this jump simply due to the announcement and addition onto MEXC?  Or are there more elements at play that make the VOLT token one that demands attention?  

VOLT Pricing (Source: Coincheckup.com)

A Case for Staying Power

As it happens, the MEXC announcement wasn’t the only element at play during this time.  

App Launch

The Voltage Finance app has recently launched, and has met with very positive reviews from the Voltage community.  The platform’s offerings aren’t unique on their own, but their simplicity and the strong yields offered have been a major selling point.  Now that the app has been released, it greatly simplifies normally complex DeFi activities, allowing newer entrants to the crypto trading industry to take part with confidence.  Users have enjoyed these features, and the attention from the MEXC announcement has helped gather attention around the actual value of the app as a direct, easy way to access Voltage Finance tools.

Tokenomics Designed for Long Term Commitment 

Looking deeper, the team behind VOLT have created a tokenomics structure that incentivizes strong participation from the team, investors, early users, and allows for generous rewards for liquidity providers and the community as a whole.  Further, the release schedule ensures a long term commitment from these groups to help build up and grow the platform.  This is a positive sign that those who can most affect the platform will continue to support it and help in its success.

Source:  Voltage Docs

Fast Governance

The last detail that might indicate a longer term growth for VOLT is the platform’s fast transition into governance.  The current forum is rich with suggestions and votes for what new ideas should be implemented.  Many platforms discuss eventual governance, without any action toward handing the reins over to the community.   Voltage Finance has shown a willingness to include the community, which may add to its stable foundation and growth.

Source:  Voltage Forum

Final Verdict

VOLT’s jump in the last month was bolstered strongly by its addition to MEXC Global.  However, based on a closer look, there is a lot to like about the token and the platform behind it.  Though its services aren’t truly unique, their combination of solid return capacity, easy to use tools, and a new app that has performed very well with its users have added value to the brand and the services it provides to its users.  Other elements such as a strong audit history, long-term focused tokenomics, and a strong leaning toward community governance gives weight to the opinion that VOLT may have been bolstered by its addition to MEXC, but it has a lot of growth potential left in its future.