Spherium Finance Quarterly Review: Q3/2023 Unveiled

Spherium Finance
4 min readOct 9, 2023

Welcome to the latest quarterly review of Spherium Finance, where we recap the standout achievements and milestones that have defined our journey throughout Q3/2023.

Here, we’ll explore the exciting developments, strategic partnerships, and significant updates that have shaped our progress during this dynamic quarter.

Enhancing Accessibility and Utility

In our ongoing quest to make decentralized finance accessible and user-friendly, Spherium Finance introduced two pivotal initiatives in Q3/2023. These initiatives not only amplify the utility of our ecosystem but also enhance accessibility for a broader audience.

Spherium dApp on UnstoppableWeb Marketplace:

We’re thrilled to announce that the Spherium dApp has found a new home on the UnstoppableWeb marketplace. If you own an Unstoppable domain, you can now easily explore various use cases for your domain within our dApp. This integration allows users to leverage their Unstoppable domains for activities such as logging in and leaving reviews on the Spherium dApp.

Liquidity Optimization:

Responding to the ever-evolving dynamics of the cryptocurrency market, Spherium Finance prioritized liquidity optimization in Q3/2023. This strategic move involved shifting away from Uniswap V2 while ensuring that the trading of our native token, $SPHRI, remained robust and uninterrupted on Pancakeswap and Gate. Our commitment to liquidity ensures a smooth experience for our traders and stakeholders.

These initiatives underscore our dedication to creating a DeFi ecosystem that not only caters to the seasoned crypto enthusiast but also invites newcomers with open arms. By enhancing accessibility and optimizing liquidity, Spherium Finance paves the way for a more inclusive and vibrant future in decentralized finance.

Fostering Innovation and Collaboration through extended chain support

HyperBridge, our flagship cross-chain bridge solution, played a pivotal role in strengthening our commitment to innovation and collaboration. During Q3/2023, we made significant strides in expanding our chain integration, enabling seamless interaction between multiple blockchain networks.

This expansion not only broadened the horizons of what our platform can achieve but also opened up new possibilities for our users and partners. Here’s how HyperBridge achieved these feats:

Bridging the gap with zkSync:

We’re excited to share that our HyperBridge platform now fully supports zkSync. This development empowers users to bridge seamlessly from all major EVM networks to zkSync, offering the advantages of minimal fees and lightning-fast transaction speeds. Read more here

HyperBridge’s Support for Base:

In Q3/2023, we proudly announced our integration with Base, a cost-effective and secure Ethereum Layer2 solution. Our decision to support Base on HyperBridge reflects our unwavering commitment to a more inclusive and user-friendly blockchain experience. By collaborating with Base, we have taken significant steps to reduce barriers and streamline the onboarding process for new and existing users.

Onboarding the Next Billion Users:

The integration with Base is not just a technical accomplishment; it’s a strategic move towards democratizing blockchain technology. Base’s cost-effectiveness and security features create an environment that is particularly welcoming to newcomers in the crypto space.

New Listings on HyperBridge:

— El Dorado Exchange, an innovative decentralized platform for spot and perpetual trading, has been listed on HyperBridge. Users can now bridge $EDE between Bnb and Arbitrum chains with ease, expanding their trading options. Bridge here

Layer2DAO, a committed advocate for the widespread adoption of Layer 2 protocols, has joined the zkSync ecosystem through HyperBridge. $L2DAO token is now live on HyperBridge and can be bridged between Arbitrum and zkSync. This marks a significant milestone as the first project using HyperBridge to enter the zkSync ecosystem, showcasing our commitment to advancing Layer 2 solutions.

Spherium Finance’s journey in Q3/2023 has been defined by innovation, strategic expansion, and a commitment to delivering value to our community. As we look ahead, we are excited to continue pushing the boundaries of what is possible in the world of decentralized finance. Thank you for joining us on this remarkable journey, and we can’t wait to share more exciting developments with you in the quarters to come.