Auto Added by WPeMatico
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.
Powered by WPeMatico
The decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions. This is discernible from September 13 Sunday morning tweets by some influential players in the defi space wherein they attack each other. Waves blockchain creator Sasha Ivanov kicked things after depicting current defi ecosystem as Ponzi […]
The post Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward appeared first on Bitcoin News.
Powered by WPeMatico
Decentralized finance (defi) continues to make waves this week, as the Yearn Finance project token (YFI) jumped over 270% during the last five days. The digital token is worth more per coin than the price of bitcoin today, as the asset is currently trading for $15,934 per YFI. It’s very rare to see another token […]
The post Yearn Finance Token Jumps 270% in 5 Days – Defi Token YFI Worth More Than a Single Bitcoin appeared first on Bitcoin News.
Powered by WPeMatico