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“# QuickSwap (QUICK) gains 420% as Polygon’s (MATIC) L2 network attracts new liquidity ” As the Ethereum network progresses along the slow, steady path toward Ethereum 2.0 and the full transition to proof-of-stake, layer-two solutions have arisen as the best solution to the current challenges associated with high gas fees and network congestion. One layer-two…
“# Uniswap v3 hopes to reinvent its DEX, others see a different path for DeFi ” Uniswap decentralized exchange and its governance token, UNI, have been defying all expectations in recent months, with the world’s largest DEX recently recording cumulative transaction totals exceeding the $10-billion threshold. What’s more, it is estimated that Uniswap’s 24-hour trade…
“# Balancer v2 and Gnosis’ ‘CowSwap’ take aim at MEV with planned integration ” Decentralized exchange Balancer and DeFi platform Gnosis have announced today a planned integration dubbed the Balancer-Gnosis-Protocol (BGP), a collaboration that will combine Balancer’s v2 pool mechanisms with Gnosis’s DEX aggregation and batch auctions designed to mitigate miner extractable value (MEV). Balancer’s…
“# Bitcoin dominance drop and resistance at $55K stoke altseason hopes ” The overall cryptocurrency market saw a second day of gains on April 27 after the weekend sell-off proved to be a good buying opportunity for retail and institutional investors. Lower gas fees following the Ethereum network’s Berlin upgrade along with an increase in…
“# Ethereum price all-time high follows reduced gas costs and DeFi revival ” Mainstream adoption of cryptocurrency continues to reach new highs in 2021 thanks to the growth of popular sectors like decentralized finance (DeFi) and nonfungible tokens (NFT). The explosive growth seen over the past year would not have been possible without the Ethereum…
“# 1inch launches mobile wallet on Apple iOS ” Decentralized exchange aggregator 1inch launched its wallet on Apple iOS Tuesday, allowing users to swap tokens on their mobile devices. The new wallet brings all the advantages of the 1inch Network to mobile users, allowing traders to instantly swap tokens at lower rates. The iOS wallet…
“# Serum (SRM) hits a new all-time high as Solana adoption gains traction ” Decentralized finance (DeFi) has reshaped the face of the cryptocurrency market over the past year, attracting the attention of both institutional investors and retail traders alike as the traditional financial sector continues to warm up to blockchain technology. While the majority…
“# Altcoins hit new highs after bulls kick Bitcoin price back above $50K ” Cryptocurrency investors breathed a sigh of relief on April 26 as the sharp reversal in the price of Bitcoin (BTC) was accompanied by a market-wide recovery that has a majority of altcoins seeing green. It’s likely that the breakout was aided…
“# Polygon (MATIC) jumps ahead as the race for Layer-2 adoption picks up ” Recently layer 1 solutions like the Solana (SOL) and Cosmos (ATOM) have grown in prominence thanks to each network’s faster transaction times and lower fees when compared to the Ethereum network. An even greater focus has fallen on layer 2 solutions that…
“# DEX volumes continue to surge even as Bitcoin and altcoins correct ” Decentralized finance (DeFi) started 2021 by taking the cryptocurrency sector by storm and helping to kick the bull market cycle into high gear as traders capitalized on ways to easily trade cryptocurrencies and earn high yields on their hodl stacks. Eventually, high…