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“# BakerySwap, Syscoin and Utrust rally as altcoin season kicks into high gear ” Bitcoin’s (BTC) institutional adoption shows no signs of slowing down. This week Latin America’s largest e-commerce company, Mercado Libre, disclosed that it had purchased $7.8 million worth of Bitcoin as part of its treasury strategy. Mercado Libre was not only in this…
“# DeFi adoption on the Binance Smart Chain reaches new highs ” Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in…
“# PancakeSwap eclipses Ethereum network in 24-hour transactions ” Data courtesy of DappRadar shows over 2 million transactions for PancakeSwap over a 24-hour period compared with 1.55 million for Ethereum. At the same time, Binance Smart Chain reported over 6 million transactions, with roughly 20% of the occurring over the same 24-hour period. The top…
“# ChainSwap raises $3M from investors including Alameda Research and NGC Ventures ” Cross-chain asset bridge and application hub ChainSwap has closed a $3 million strategic funding round with participation from some of the biggest names in decentralized finance and the crypto industry. In an April 7 announcement, ChainSwap stated that it raised the funds…
“# PancakeSwap (CAKE) aims to take a slice out of Uniswap’s DeFi dominance ” Decentralized finance has taken a back seat to nonfungible tokens over the past month but this hasn’t stopped the top DeFi projects from developing and strategizing how to grow their ecosystems and market share. One project that has outperformed the field…
“# Ankr gains 137% after becoming the top validator on Binance Smart Chain ” It’s hard to argue that the crypto market is not in a bull market right now, but this run does show different characteristics and catalysts than the 2017 bull market. In 2017, investors were hyped by the allure of high returns…