Polygon eyes record high as MATIC’s 150% price rally activates textbook bullish pattern
Polygon’s native asset, MATIC, tests its June resistance level near $1.51 for a bullish breakout setup. Go to Source Powered by WPeMatico
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SEC boss says DeFi platforms are ‘highly centralized’ and will need to register
SEC chairman Gary Gensler stated that many DeFi projects are “highly” centralized in certain aspects, as they are developed by a “core group of folks” who are incentivized to promote their platforms. Go to Source Powered by WPeMatico
Bullish cup and handle pattern sets Cardano (ADA) price up for a new ATH
ADA’s daily close above the $2.30 resistance and a classic bullish technical analysis pattern signal that the altcoin is ready to hit a new all-time high. Go to Source Powered by WPeMatico
Altcoins soar after Bitcoin price bounces off a key moving average
Bitcoin price reliably bounced off the 20-day moving average, which catalyzed an explosive rally from VGX, CHSB and EWT. Go to Source Powered by WPeMatico
Polygon will create a decentralized autonomous organization
“As the Polygon ecosystem grows, the committee members have a front-seat opportunity over others to increase cross-collaboration for their products,” said the platform. Go to Source Powered by WPeMatico
Weekly Defi Swaps Tap $17 Billion While Dex Aggregators Now Share 22% of the Trade Volume
Over the last seven days, decentralized exchange (dex) trade volume has tapped $17 billion across the 21 Ethereum dex platforms. Pancakeswap has seen between $400K to $860K every 24 hours during the last week as well. Meanwhile, dex aggregators are eating away at dex trade volumes, becoming more popular by the day. Uniswap Commands Top … Read more
Bison Trails launches Binance Smart Chain support
“Binance Smart Chain is becoming an important hub for developers looking to build applications, as demonstrated by the number of DeFi and NFT projects launched on the platform,” said Aaron Henshaw, CTO of Bison Trails. Go to Source Powered by WPeMatico
Dune Analytics opposes $25M Uniswap grant to competitor
The decentralized finance analytics provider said Uniswap grants should be given to community members and not to service providers. Go to Source Powered by WPeMatico
Dex Aggregator 1inch to Utilize Ethereum Scaling Solution Optimism
On August 17, the decentralized exchange (dex) aggregator 1inch announced the platform will leverage the Layer 2 solution called optimistic rollups provided by the project Optimism. The collaboration with Optimism aims to “substantially increase transaction speeds and lower gas fees for 1inch users.” 1inch to Use the L2 Solution Optimistic Rollups via Optimism Gateway Ever … Read more
Avalanche Rush to give out more than 180M in DeFi incentives
The multi-stage program will start with $27M tokens allocated for the Aave and Curve protocols, with additional incentives reserved for Avalanche native projects. Go to Source Powered by WPeMatico