Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash
The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises. Go to Source Powered by WPeMatico
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Orca DEX to block US users from trading with its interface
The company said U.S. traders would still be able to make swaps by directly interacting with Orca’s smart contracts, however. Go to Source Powered by WPeMatico
USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident
On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether, … Read more
Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko
“NFTfi,” on-chain derivative platforms, decentralized stablecoins and Ethereum L2s are four investment opportunities being looked at closely by one crypto investment firm. Go to Source Powered by WPeMatico
Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April
On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will provide new features and improve liquidity alongside enhancements in interface accessibility and the decentralized exchange (dex) platform’s yield farming experience. Pancakeswap Announces Version … Read more
Apple’s Approval Process Delays Uniswap’s Mobile App Launch; Firm Launches Limited Trial Release
On March 3, 2023, Uniswap Labs, the firm behind the decentralized exchange Uniswap, announced the launch of a limited early-release application through Apple’s Testflight program. The company stated that the limited release was due to Apple not granting approval for the application launch, and the team does not know why. Uniswap Labs Launches Limited Early-Release … Read more
Innovations Help to Substantially Reduce the Gap Between Decentralized and Centralized Exchanges — Dexalot COO
While centralized exchanges are thought to be safer and more efficient, proponents of decentralized platforms like Tim Shan insist that user experience on decentralized exchanges has improved. In addition, inherent benefits associated with decentralized exchanges such as the self-custody of assets make look more appealing than centralized exchanges. Decentralized Exchanges Closing the Gap Despite seemingly … Read more
Blockchain DEXs Onchain and Camelot part ways over IFO spat
“We urge @CamelotDEX delete any information related to @OnchainTrade from all of your platforms as soon as possible,” wrote OnChain developers. Go to Source Powered by WPeMatico
DexibleApp aggregator hacked for $2M via ‘selfSwap’ function
The buggy function was intended to allow users to provide their own routing information, but the code did not limit routers to a pre-approved list. Go to Source Powered by WPeMatico
Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Since FTX Collapse
Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of FTX. As of Feb. 16, 2023, the TVL in defi is $51.1 billion, with the liquid staking protocol Lido accounting … Read more