macOS of blockchains? Solana captures 60% of new DEX volume in May
Solana’s market share on decentralized exchanges rose from 0% in early 2021 to 24% in May 2024, thanks to a similar approach to Apple’s macOS, said Pantera Capital. Go to Source
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dYdX gets isolated margin, isolated markets, and Raydium support in latest upgrade
The protocol also announced an Android app allowing users to trade on the mobile phone platform, among other upgrade features. Go to Source
SushiSwap replaces DAO with ‘Labs,’ introduces multitoken ecosystem
SushiSwap is now managed by Sushi Labs, an autonomous company that will operate under a council structure similar to Synthetix. Go to Source
Solana (SOL) price encounters resistance near $190 — Here is why
SOL price rallied 5% today, but on-chain data raises doubts about whether Solana can overcome the barrier at $190. Go to Source
Ethereum’s lackluster performance has little to do with spot ETH ETF approval
Ether’s price performance is hindered by stagnant network use, high fees and regulatory uncertainty. Go to Source
Shibaswap Migrates to Shibarium Network, Expanding Access to 2 Chains
On May 15, the development team for the meme token project SHIB announced that the decentralized exchange (dex) Shibaswap has been ported to the Shibarium blockchain. SHIB’s lead developer detailed that Shibaswap’s trading platform is now accessible to users of both the Ethereum and Shibarium networks. Shiba Inu Devs Port Shibaswap Over to Shibarium According … Read more
Suspicious Activity Surrounds BitForex Cryptocurrency Exchange
A recent report by on-chain detective ZachXBT has shed light on concerning activity within the BitForex cryptocurrency exchange. Investors are growing increasingly apprehensive as questions arise regarding the exchange’s recent transactions and actions. According to ZachXBT’s findings, BitForex witnessed a significant $56.5 million withdrawal from its hot wallet on February 23. Surprisingly, withdrawal processing was … Read more
Lifinity USDC pool drained by arbitrage bot
A bug on an Immediate-or-Cancel order led to the drainage of nearly $700,000 from Lifnity’s LFNTY-USDC pool. Go to Source
Decentralized Triumphs And How To Pick The Best DEX To Use
For a considerable period, Centralized Exchanges (CEXs) dominated the crypto trading landscape. However, recent woes, encompassing security vulnerabilities, regulatory uncertainties, and key custody concerns, have prompted crypto enthusiasts to explore alternatives. Enter Decentralized Exchanges (DEXs), heralded as the trustworthy saviors in the tumultuous realm of crypto trading. CEXs Offer More Convenience While CEXs offer convenience, … Read more
KyberSwap DEX exploited for $46 million, TVL tanks 68%
The DEX aggregator has been exploited across multiple blockchains with millions in wrapped Ether and other assets stolen. Go to Source