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“# DeFi and DEX volumes soar amid China’s crypto ban and ongoing US regulation ” Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back…
“# DYDX gains 80% in a week — What’s driving the DEX token rally? ” Decentralized exchange dYdX’s native token DYDX surged by nearly 80% this week as traders assessed its potential against China’s recent ban on crypto transactions. The DYDX price hit a new high of $26.50 on the FTX exchange after trading at…
“# DeFi farmers boast about gaming dYdX airdrop as prices surge ” As dYdX’s governance token gains amid speculation that Chinese traders could be migrating to the derivatives DEX, savvy DeFi farmers are claiming to be sitting on six-figure stashes after gaming the protocol’s recent airdrop. DYDX has gained 85% in two days as reports…
“# Uniswap (UNI) gains nearly 50% in 24 hours as China’s latest crypto purge boosts DEX tokens ” Uniswap (UNI) prices staged a solid rebound after crashing last week in the wake of China’s decision to intensify its anti-Bitcoin and cryptocurrency rhetoric. UNI price gained 14.90% on Mon to reach an intraday high of $26.26….
“# Derivatives DEX dYdX beats out Coinbase by volume amid China FUD ” Decentralized derivatives exchange dYdX has seen a surge in trade activity as concerns surrounding a renewed Chinese crypto crackdown have circulated this year, with the DEX now processing more volume than Coinbase for the first time. According to CoinGecko, dYdX has facilitated…
“# Altcoin roundup: There’s more to DeFi than just providing liquidity ” The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders. What started…
“# LCX price rallies 300%+ after the launching DeFi Terminal 2.0 ” The emergence of decentralized finance (DeFi) has reshaped the landscape of the cryptocurrency ecosystem, which was once dominated by centralized exchanges like Coinbase and Binance and helped to make it more accessible for users and projects seeking to gain access to the markets. …
“# ShapeShift issues second token airdrop following decentralization pledge ” Non-custodial cryptocurrency exchange ShapeShift has completed its second airdrop of FOX tokens — dubbed “fairdrop” — as part of a broad decentralization pledge that was first announced in July. The airdrop of 6,613,000 FOX tokens was distributed to over 33,000 DAO community members, ShapeShift announced…
“# Solana DEX raises $18M Series A from Three Arrows Capital, Coinbase Ventures ” Solana ecosystem project Orca has concluded an $18 million Series A investment round led by some of the biggest venture funds in crypto, offering further evidence that high-profile investors are keen to back SOL-based startups. Orca, which operates as a decentralized…
“# Solana attributes major outage to denial-of-service attack targeting DEX offering ” Solana has attributed the 17-hour outage it suffered last week to a denial-of-service attack aimed at Grape Protocol’s Sept. 14 initial DEX offering (IDO). In a Sept. 21 blog post, the Solana Foundation stated that bots spammed the network as Grape launched its…