Tag Archives: defi

The leading decentralized exchange has recorded more volumes in August than it did in July.Uniswap saw more than $300 million in trading volume over the past 24 hours and $2.5 billion in the last seven days, according to data on Dune Analytics.Uniswap Spends The Most Gas FeeUniswap’s impressive volume is also putting smiles on Ethereum miners’ faces as they cash out more gas fees to process and verify transactions on the network.According to data on EthGasStation, transactions on Uniswap...

DeFi tokens continue to flood the markets as developers are minting new coins and listing them on Uniswap every day.While this might present an earning opportunity for some, the number of the so-called ‘rug pulls’ is also on the rise. Investors need to be extremely careful and selective when it comes to the tokens they put their money into.Rug Pulls: The Plague of UniswapUniswap is a protocol that allows buyers and sellers to swap ERC20 tokens without the use of an exchange or order book. It...

The cryptocurrency derivatives trading exchange FTX has launched a Uniswap futures index combining the top 100 pools on the Uniswap platform.At the same time, the company’s recently released DEX dubbed Serum focused on the growing DeFi trend, continues with new developments.FTX Lists a Uniswap IndexFTX announced the launch of the Uniswap futures index yesterday. Essentially, it allows traders to employ a traditional digital asset exchange to access markets from the decentralized trading...

Binance, Houbi, and OKEx have revealed that they will support Qtum’s new offline staking feature, enabling users of the world’s largest exchange to earn QTUM rewards simply for hodling.Binance’s decision to support Qtum staking is a significant boost for the smart contract network as it embarks on a new phase in its development. In addition, Coinone, CoinDCX, and Gate.io will be among the exchanges supporting QTUM staking.A wave of applications built on Qtum Chain is expected following a $1M...

Two months ago, Yearn was one relatively unknown decentralized lending aggregator among many emerging projects in the DeFi sector. From less than $10 million in total value locked into the protocol, it has exploded by over 7,500% to today’s TVL levels of $763 million.What’s more, its native governance token YFI has seen similar gains in prices that have now surpassed those for Bitcoin itself.Big Returns for YFI HoldersRecent research by Messari crypto has delved into the surge in popularity...

The ethos behind DeFi has driven a move to full community governance in a democratic and transparent environment. However, as Curve Finance recently discovered, things do not always pan out as planned.In its first governance vote, Curve proposed a new liquidity pool for earning Compound’s COMP tokens and a couple of incentives for liquidity providers. However, according to Curve, only 6.7% of its native CRV token has been locked up for voting rights.Curve voting power is calculated by...

Announced on August 16th, YFValue protocol is intended to deliver the true value of yield farming finance accessible to all users irrespective of their investment size.A little over a week later, however, it turns out that over $170 million worth of cryptocurrency in the protocol is at risk of being locked by a single contract owner.$130 Million in YFV At Risk of Being LockedMoney continues to pour in the field of Decentralized Finance (DeFi) as the total value locked in protocols approaches...

The cryptocurrency field is going through different phases every year, and that’s only logical. As the industry progresses, more people get involved in it, bringing new solutions and technology to the table.In 2020, it’s safe to say that the hottest crypto trend is Decentralized Finance (DeFi). In a matter of months, this became the most widely discussed topic within the cryptocurrency community and rightfully so.Quick NavigationNew DeFi projects are appearing daily, and it does bring a...

Synthetix started as a stablecoin but soon pivoted to satisfy the needs of DeFi users. Nowadays, it serves as one of the leading DeFi projects offering the trading of currencies, commodities, stocks, and other assets.Trading stocks is still dominated by traditional financial centers, being heavily regulated, and hard to automate. The same applies to commodities such as gold and silver.There are platforms that offer a minimal online experience that allows you to buy and sell your commodities....

This week has been quite the ride on the cryptocurrency markets, and, of course, Bitcoin was in the spotlight, at least for a while.The price started at around $11,700 and stayed there for a few days until Monday when we saw a significant move forward as BTC reached about $12,500. The cryptocurrency community was ecstatic that the coveted $12,000 mark was broken, but unfortunately, the euphoria was shortlived.Just a day later, Bitcoin started dropping and come Wednesday, the price was already...