Investors piled into stablecoins following FTX’s collapse and an uptick in DEX activity suggests a rising interest in self-custody options.
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Investors piled into stablecoins following FTX’s collapse and an uptick in DEX activity suggests a rising interest in self-custody options.
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The latest centralized exchange blockchain from LA Token claims to be the DeFi Hub for its users and is compatible with all Ethereum-based networks, though it is off to a slow start in an increasingly competitive ecosystem.
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It’s not a decentralized exchange in the truest sense of the word, but a peer-to-peer token swap platform under the oversight of Square.
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In the last 24 hours, the decentralized exchange sector has logged a combined profit of over 60%, while their centralized counterparts have grown by just 0.77%.
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The 72nd-largest cryptocurrency by market cap reached its two-month high amid a rally across exchange-based digital assets but faces downside risks due to overvaluation and thin volumes.
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Although DeFi’s market cap has surged by 2,100% over the course of 2020, critics argue that the industry needs to evolve to be on a more sustainable footing.
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