Neosify Announces Q1-Q4 Fiscal 2022 Results

The Neosify Wallet is designed to be a multipurpose cryptocurrency platform providing Decentralised Finance (DeFi) service operating on multiple cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Litecoin, TRON, USDT, Dash, Zcash and many other.

Guide to Neosify

Launched in the beginning of 2022, Neosify Matrix Technology algorithm allows users to accumulate their cryptocurrency holdings at the most advantageous available rates compared to any other DeFi service providers. At the same time in 2022, Neosify native NEOS currency, which is embedded in the platform GameFi solution, was designed to provide a competitive edge to outperform the competition on the market of decentralized solutions.

Later in 2022, the Matrix Technology performance improved as Matrix the algorithmic crypto arbitrage trading V1 was introduced. Outstanding for its reforming of the market-making module, the Neosify algorithmic trading solution facilitates trading of wrapped Bitcoin and Wrapped Ethereum with the ability to generate liquidity in specific price ranges across five networks: Ethereum (WBTC and WETH), Avalanche (WBTC.E and WETH), Polygon (WBTC and WETH), BSC (BTCB and WETH), and Fantom (WBTC and WETH).

Due to passive liquidity mining performed by the Matrix arbitrage trading and inherent system scaling, another Neosify product was released. This fiscal report will review Neosify key insights for Q1-Q4 period of 2022.sed – Neosify algorithmic staking. As the Neosify Wallet platform generates enough liquidity to facilitate higher staking and holding rates, Neosify now supports unlimited staking orders with the lowest fees and efficient interest rates.

As it also observes the end of a volatile cryptocurrency market year, these insights will be benchmarked against the following fiscal year report.

Key Neosify Insights

-Ethereum represented 81% of total volume held and staked on Neosify in 2022.

-Wrapped Bitcoin on ERC-20 network accounted for 68% of total successful sell orders carried out by Matrix Algorithmic crypto arbitrage.

-Staking scaling solution led to growth across total transactions and users.

-Bitcoin represented the second most actively held and staked asset on Neosify in 2022.

-Neosify hit an all-time high staking activity in Q4 2022 more than 58% above the previous two quarters.

-The launch of V1 Matrix crypto arbitrage trading solution helped kickstart staking activity of Tether and Zcash, resulting in the total number of deposits increasing by 20%.

-Successful arbitrage trading results in Q4 benefitted Neosify staking users, who earned 57% more than in Q3.

-Neosify daily transaction volume increased by 78%.

Closing summary

The year 2022 proved to be quite successful for the Neosify wallet platform resulting in the prominent user activity and liquidity growth. As a driver of the Matrix Technology development, overall holding, staking and trading volumes increased since Q1 of 2022, whereas the general market situation has deteriorated. This marks Neosify progress as prominent and only contributes to the next Road Map stages introduction in the nearest future.

Looking ahead, Neosify's decision to increase the staking and holding rates could be catalytic for the following platform growth. The next Neosify fiscal report will be compiled until the Q3 of 2023 and will be benchmarked to the present report for the further progress comparison.