Circle’s USDC is now available natively on Base and Optimism, and Coinbase accounts can transfer the stablecoin to Base for the first time.
Category: dexs
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Users flock to Curve amid lack of stablecoin liquidity on major DEXs
A concentration of stablecoins on a handful of platforms has drained liquidity from others.
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DEXs growing faster than CEXs but Binance still sees 171M visitors in a month
According to Chainalysis data the number of DEX’s doubled between Q1 2019 and Q3 2021, while the amount of CEX’s stayed around the same.
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Attackers Drain Millions From Cover Protocol, Token Holders Attack Compensation Plan
Decentralized finance insurance project Cover protocol briefly suffered losses when an unknown attacker minted over 40 quintillion Cover tokens. However, after successfully cashing out tokens worth about $5 million, the attacker unexpectedly returned ether tokens valued at about $3.2 million before leaving a message for the Cover team. Exploit No Longer Possible Immediately after the […]
The post Attackers Drain Millions From Cover Protocol, Token Holders Attack Compensation Plan appeared first on Bitcoin News.
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Sharktron Defi Project Devs Exit Scam: Tron Foundation Says Part of Missing Funds Now Frozen
Developers of the Sharktron defi project have exit scammed with reports suggesting that TRX tokens worth up to $10 million are missing. The Tron Foundation has confirmed the theft, but is quick to inform Sharktron token holders that a portion of the missing funds has been frozen. The exit scam comes a few weeks after […]
The post Sharktron Defi Project Devs Exit Scam: Tron Foundation Says Part of Missing Funds Now Frozen appeared first on Bitcoin News.
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Decentralized Exchanges That Use Automated Market Makers Now Represent 93% of the Market
A recent report by Consensys says the surge in decentralized exchange (DEX) volumes in Q3 of 2020 is down to their adoption of the automated market maker (AMM). According to the report, DEXs that use AMM, a software that algorithmically creates token trading pairs, now represent 93% of the market. The good side of AMMs […]
The post Decentralized Exchanges That Use Automated Market Makers Now Represent 93% of the Market appeared first on Bitcoin News.
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Centralized Exchange Operators Believe Low Liquidity on DEX Platforms Stops User Migration
Centralized cryptocurrency exchanges (CEX) operators say they are unfazed by the increasing trading volumes on decentralized exchanges (DEX) because the latter’s liquidity is still too insignificant to cause user mass migration. The majority of CEX operators also insist that it is very unlikely the DEXs’ liquidity would surpass their own liquidity in 2 years’ time. […]
The post Centralized Exchange Operators Believe Low Liquidity on DEX Platforms Stops User Migration appeared first on Bitcoin News.
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Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%
The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi) hype and yield farming frenzy that peaked in August. In […]
The post Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197% appeared first on Bitcoin News.
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ETH Volumes Top $119.5 Billion in Q3: High-Risk Dapps Dominate Tron Network
A recent report says total Dapps transaction volumes reached $125 Billion in Q3 2020, a figure which is $113 billion higher than in Q2 2020. From these volumes, the Ethereum blockchain accounts for 96% or $119.5 billion of the total created value with the majority of this being attributed to the DeFi ecosystem. Still, the […]
The post ETH Volumes Top $119.5 Billion in Q3: High-Risk Dapps Dominate Tron Network appeared first on Bitcoin News.
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Kucoin Hack: $17M Laundered Via Decentralized Exchanges, Blockchain Analysis Firm Claims This Can Still be Traced
Elliptic says the Kucoin hacker has sold $17.1 million worth of tokens via decentralized exchanges (dex) platforms like Uniswap, Kyber Network, Tokenlon. The shift to dex applications comes after centralized projects came to the aid of the beleaguered exchange by blocking any cashing out of the hack related funds. For the past few days, the […]
The post Kucoin Hack: $17M Laundered Via Decentralized Exchanges, Blockchain Analysis Firm Claims This Can Still be Traced appeared first on Bitcoin News.
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