DEX

Billionaire Mark Cuban Commends Defi Economy Dubbing It the ‘Next Great Growth Engine’

<div class=”featured_image_container”> </div> <strong>On June 13, the billionaire investor and co-host of the television series Shark Tank, Mark Cuban, explained his fascination with decentralized finance (defi) in an editorial published to his blog. Cuban details that many defi organizations are different because they are not corporate entities or based in the United States. He believes …

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Defi Economy Is Recovering Faster Than Most Crypto Assets After Market Rout

<div class=”featured_image_container”> </div> <strong>Decentralized finance (defi) exchanges and tokens are recovering a lot faster than a great number of digital assets that lost more than 40% in value last week. Defi tokens like curve, kyber network, terra, hxro, and more have been seeing double-digit gains. On May 23, the defi economy’s aggregate total-value locked (TVL) …

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Community-governed DEX EmiSwap raises $104M in private funding

EmiSwap — a community-governed decentralized exchange (DEX) — has raised $104 million from a large number of investors, each of whom put down a maximum sum of $25,000 each.  Backers of the exchange, which runs as a decentralized autonomous organization, include Carl Moon, Box Mining, Edna, TMM Holdings’ Jason D, Hodl.global, ExNetwork Fund, and Inclusion Crypto …

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DeFi bucks crypto market correction as Uniswap v3 leads the charge

Decentralized exchange Uniswap successfully launched version 3 of its platform in May — resulting in high trade volumes despite a downturn across the cryptocurrency markets. The latest version of the hugely popular decentralized finance (DeFi) automated market maker (AMM) has quickly attracted a sizable amount of trade volume, seeing it move into the top five …

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Analyst says DeFi and stablecoins held up well as crypto markets imploded

The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran for the safety of stablecoins amid tumbling prices.  Despite rapidly declining token prices, the nascent DeFi sector held its own as decentralized exchanges …

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There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion

<div class=”featured_image_container”> </div> <strong>For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or the Binance Smart Chain.</strong> Layer 2 and Sidechain Competitors Command $251 Million …

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DeFi growth helps push crypto’s share of the global money supply above 2%

This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin.  While the price action from Dogecoin (DOGE) has dominated the headlines …

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The rise of DEX robots: AMMs push for an industrial revolution in trading

Centralized exchanges play an important role in the cryptocurrency industry. While their decentralized exchange counterparts have been growing in popularity and usage since 2020, the overwhelming majority of crypto trading volume is still concentrated on centralized exchanges.  The supremacy of CEXs can be clearly observed in the size and popularity of trading platforms like Binance …

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GameStop saga paves the way for a new decentralized financial order

Every significant transformation comes with a new toolset, one that is always surprising at the time and obvious in hindsight. Bitcoin (BTC), climate change and GameStop are all examples of ways in which mass action is pushing for dramatic, not evolutionary, action. We can also see that these are individual vectors of the same movement, …

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1INCH price hits a new high as the top DEX aggregator vies for DeFi dominance

As the decentralized finance (DeFi) ecosystem evolves and expands to encompass the whole of the cryptocurrency sector, the race to become the top decentralized exchange (DEX) aggregator is heating up as new entrants to the field seem to emerge on a weekly basis.  One of the top DEX aggregators that has recently seen its price …

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