DeFi token prices obliterated as Bitcoin sell-off knocks TVL under $100B
DeFi darlings and blue-chip token values fall more than 60% as the crypto market sell-off pushes the total TVL below $100 billion. Go to Source Powered by WPeMatico
DEX
Auto Added by WPeMatico
Bitcoin price drops below $34,000, pulling altcoins to multi-month lows
Another round of FUD helped to push Bitcoin price back below $34,000, placing further pressure on altcoins which now trade below multi-month lows. Go to Source Powered by WPeMatico
Bitcoin correction heralded as a ‘BTD’ opportunity, but what about DeFi?
DeFi protocols were buzzcut as their token values plummeted and the total value locked on all platforms fell to levels not seen since April. Go to Source Powered by WPeMatico
There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion
For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or the Binance Smart Chain. Layer 2 and Sidechain Competitors Command $251 Million in Bitcoin Value … Read more
DeFi growth helps push crypto’s share of the global money supply above 2%
The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption. Go to Source Powered by WPeMatico
The rise of DEX robots: AMMs push for an industrial revolution in trading
AMM-based decentralized exchanges are seeing unprecedented adoption, but are they the future of trading? Go to Source Powered by WPeMatico
GameStop saga paves the way for a new decentralized financial order
The GameStop saga may indicate a paradigm shift in the financial system or even the creation of an entirely new one. Go to Source Powered by WPeMatico
1Inch price hits a new high as the top DEX aggregator vies for DeFi dominance
A series of protocol upgrades and new liquidity integrations prove that 1INCH is aiming to increase its DeFi and DEX aggregator market share. Go to Source Powered by WPeMatico
The fees sting but Uniswap v3 sees more volume on launch day than v2’s first month
Several users have aired complaints about the new version, especially its higher gas fees. Go to Source Powered by WPeMatico
IDEX’s ‘hybrid liquidity pool’ aims to tackle some of DeFi’s biggest problems
DeFi’s tremendous growth hasn’t come without obstacles; the nascent industry still struggles with high costs, failed trades and front-running. Go to Source Powered by WPeMatico