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“# Uniswap reaches $100B in cumulative volume amid DeFi explosion ” Uniswap’s decentralized exchange reached a major milestone on Monday, as cumulative trade volumes surpassed $100 billion in the wake of the DeFi boom. Hayden Adams, Uniswap’s CEO, tweeted Monday that his platform became the first decentralized exchange to process over $100 billion in transactions….
“# Oracle-focused tokens rally as DeFi searches for trusted data providers ” To the observant cryptocurrency enthusiast, the sight of multiple large-cap tokens more than tripling their value since November 2020 is a healthy sign that a bull market cycle is underway. Aside from a breakout in the price of Bitcoin (BTC), Ether (ETH) and…
“# 3 reasons why Theta price hit a new all-time high at $3.49 ” The sustained bullish performance from Bitcoin (BTC) and Ether (ETH) has increased the confidence of crypto investors and many are now looking deeper into projects that have strong fundamentals and offer real-world use cases. This week investors turned their attention to…
“# Linear (LINA) price gains 30% after transition to Binance Smart Chain ” This week Linear Finance (LINA) emerged as a viable competitor to Ethereum-based projects in the DeFi sector that find themselves hampered by congestion and high transaction costs. Data from Cointelegraph Markets and TradingView shows that on Jan.13 LINA was trading for $0.0135…
“# DEXs becoming unusable? How to navigate record gas fees ahead of Eth2 ” While Bitcoin (BTC) has been in the spotlight since the start of the year, and even more so given the recent $1.5-billion Tesla purchase, Ether has not been lagging behind. Ether (ETH) is currently sitting at $1,800, and its network has…
“# Spike in DeFi lending pushes Compound (COMP) price to a new high at $570 ” As Bitcoin and numerous altcoins surge toward new all-time highs, traders who are coin rich but cash poor are increasingly flocking to decentralized finance lending platforms where they can collatoralize their holdings to raise funds for new investments. Compound…
“# Stablecoin adoption and pivot to DeFi drive Algorand (ALGO) price higher ” In the past few months cryptocurrencies have become a frequent topic of discussion among the mainstream media and traditional investors partially because of the Bitcoin evangelism of well-known influencers like Elon Musk, Mark Cuban and Michael Saylor. One platform that has benefited…
“# Opportunistic trader front-runs HydraDX’s Balancer LBP contract for $50,000 ” Polkadot-powered decentralized exchange HydraDX has raised roughly $22.86 million in just the second public token sale offered using Balancer’s Liquidity Bootstrapping Pool, or LBP. However, one opportunistic trader was able to front-run the offering by exploiting the fact that Balancer’s LBP contracts are deployed…
“# DeFi growth and potential Grayscale YFI security push Yearn.finance to $45.9K ” In the early hours of Feb. 11 Yearn.finance (YFI) experienced a high volume spike which pushed the price to a new all-time high at $45,900. Data from Cointelegraph Markets and TradingView shows that YFI hit a swing low at $33,638 on Feb.10…
“# Qtum, Status (SNT) and Iota (MIOTA) rally after breaking multi-year downtrend ” Shortly after Tesla announced that it will allow customers to buy products with Bitcoin (BTC), a curious job posting from Amazon suggests that the company could also be working on a platform that will allow customers in Mexico to use digital currencies…