DEX volumes have already surpassed $120b in 2021
DEX trading volumes on Ethereum hit $63 billion in January, smashing the sector’s previous record of $28 billion. Go to Source Powered by WPeMatico
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Traders remain bullish even as DeFi’s TVL falls to $54.4 billion
The total value locked in decentralized finance platforms dropped 16% to $54.4 billion this week, but the quick rebound in DeFi token prices shows traders are not dismayed. Go to Source Powered by WPeMatico
DeFi exchange protocol DFX raises $5M in seed funding
Polychain Capital has bet on a new DeFi exchange protocol looking to boost the adoption of stablecoins in DeFi. Go to Source Powered by WPeMatico
Jigstack DAO Acquires Icorating.com Platform to Strengthen Its Token Launch Pad Lemonade
A decentralized finance (defi) protocol announced that it officially acquired an initial coin offering (ICO) listing platform. Jigstack, who bought icorating.com, will migrate all the platform’s assets to its Lemonade’s solution. Jigstack’ Direct Email Database on Icorating.com According to the announcement, the defi protocol, which acts as a decentralized autonomous organization (DAO), bought the website … Read more
Solana (SOL), Cosmos (ATOM) buck the trend to hit new highs after protocol upgrades
Solana (SOL) and Cosmos (ATOM) each saw the price of their tokens surge after new interoperability upgrades were revealed. Go to Source Powered by WPeMatico
Altcoins nurse double-digit losses as Bitcoin bulls fight to retake $49K
A renewed wave of selling briefly pushed Bitcoin price below $45,000 and the majority of altcoins saw their double-digit losses increase. Go to Source Powered by WPeMatico
Layer-2 race heats up as Loopring (LRC) price gains 430% in 2021
Loopring’s increasing DEX volume and token price show the project is emerging as one of the leading layer-two solutions working to address the high gas fees on the Ethereum network. Go to Source Powered by WPeMatico
Aave and Balancer announce hybrid AMM liquidity pool & lending product
In what may become an industry standard, unused liquidity from Balancer will be deposited into Aave, significantly increasing depositor yield Go to Source Powered by WPeMatico
DeFi will provide good regulatory test for SEC, says Commissioner Peirce
The SEC commissioner described the DeFi space as “a work in process” but overall “alluring.” Go to Source Powered by WPeMatico
Cointelegraph Consulting: Research outlines how DeFi can merge with traditional finance
New research finds that regulated financial institutions can interface with decentralized finance via digital asset marketplaces. Go to Source Powered by WPeMatico