String Metaverse Eyes $1-Bn Monthly Trade Volume

New Delhi: Web 3.0 company String Metaverse on Thursday announced the ambitious target of having $1 billion of monthly trading volume in the next three years on its digital advisory platform String X.Web 3.0 refers to blockchain and other decentralisation technologies. At present, String X processes $200 million in monthly trading volume, encompassing both centralised and decentralised trading. String X is poised for substantial growth through strategic expansion into decentralised finance (DeFi) and enhanced high-frequency trading (HFT) operations, String Metaverse Ltd said in a statement.

The platform is actively integrating with major blockchains -- Solana, Base, Ethereum, Tron, and Binance Smart Chain -- to broaden its reach and provide access to a wider range of DeFi instruments, significantly enhancing String X’s capabilities within the rapidly growing DeFi ecosystem. String Metaverse, which offers innovative gaming platforms, digital advisory services, and DeFi solutions, benefits from a robust ecosystem of over 3 million users across its gaming platforms. This established user base provides a strong foundation for driving adoption and engagement with String X.

The company’s demonstrated ability to attract and retain users, as evidenced by the successful integration of in-app purchases and the launch of popular gaming platforms like String Arcade and String SpinWin, positions it well to achieve its ambitious volume targets by 2027-28, it said.