Solana Based Native Token of Short Video-making App Chingari Crosses $100M Trading Volume in First Day of Trading
The native token of Indian-based short video-making app Chingari, $GARI, has surpassed the $100 million milestone in trading volume on the very first day of trading.
According to the company, the app, which is considered as the "Indian TikTok," crossed the milestone hours after being listed on six of the top exchanges including Huobi Global, Kucoin, OKEx, FTX, MEXC Global and Gate.io.
It must be noted that the token is currently listed on 12 major centralized crypto exchanges including BTXEC, CoinW, BitMart, Zebpay, Hotbit, Bitbns and LATOKEN.
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$GARI was listed on more than 10 exchanges at the same time during its debut listing on January 18.
The Chingari app, which was launched in 2018, is available on iOS and Android app stores and has experienced rapid adoption across India and the South Asia region.
The $GARI token launched three years later. Less than two months later after the token was launched, it was made available to the public in an oversubscribed initial decentralized exchange (DEX) offering, IDO, on Solana’s SolRazr launchpad, raising $4M in a few minutes.