Decentralized exchanges are undervalued and gaining traction, with volumes reaching all-time highs. These are the findings of Messari researcher Kunal Goel who said that centralized exchanges (CEXs) are listing tokens too late in a post on X on Aug. 13. He added that they’re becoming a “dumping ground for VCs,” and retail will learn sooner...Read More
Coinbase submitted its third comment letter highlighting significant flaws in the US Securities and Exchange Commission’s (SEC) cost-benefit analysis of the proposed rule. The letter argued that the agency has failed to assess the rule’s economic impact on efficiency, competition, and capital formation. Despite acknowledging a lack of critical information on decentralized exchange (DEX) operations...Read More
The latest market manipulation report from Solidus Labs, specializing in crypto-native trade surveillance and risk monitoring, has identified wash trading activity of at least $2 billion worth of cryptocurrency on Ethereum-based decentralized exchanges (DEXs) since 2020. Solidus Labs Exposes Wash Trading in DEXes Solidus Labs analyzed a sample of approximately 30,000 DEX liquidity pools and...Read More
The dYdX Foundation, a non-profit organization behind the decentralized crypto exchange dYdX, has released its semi-annual report detailing its ecosystem growth and milestones reached in 2023. According to the report, the foundation fostered the development of the dYdX protocol and grew the community in preparation for the release of the v4 open-source software – the...Read More
dYdX Foundation – the non-profit organization behind the popular decentralized exchange (DEX) DYDX – announced some requirements that chain validators and stakers must comply with to ensure maximum user protection. Good practices are organized into six categories: Maximal Extractable Value (MEV), operations and security, performance, transparency, governance participation, and dYdX ecosystem consideration. According to a...Read More
The developers of MuesliSwap, a decentralized exchange built on the Cardano blockchain, have announced plans to provide refunds to users who experienced significant slippage issues throughout the past year. In an announcement on August 8th, the platform admitted falling short in offering adequate clarity on the slippage feature within the MuesliSwap Pool DEX protocol. Slippage refers...Read More
Signs of recovery during the later stages of Q1 dampened as trading volumes failed to continue the upward trend in Q2. While centralized crypto exchanges were the biggest losers due to the mounting pressure from regulators, the resultant choppy market conditions didn’t spare the decentralized counterparts either. The latest data compiled by CoinGecko revealed that...Read More
Bitcoin has shown immense resilience this year. While the overall rally hasn’t been smooth sailing per se, it holds significance as it came against the backdrop of the banking scandal. This essentially represented a shift in investor sentiment shifted toward viewing Bitcoin as a hedge against banks. According to the latest report by the market...Read More
Last week’s collapse of Silicon Valley Bank (SVB) and the subsequent contagion appeared to have worked in favor of the decentralized exchanges as trading activity soared to levels not seen since November 2022. According to the latest data from DeFiLlama, the daily trading volume on decentralized exchanges was up by an astonishing 255.36% over the...Read More
Raydium – a Solana-based decentralized exchange (DEX) – was hacked for over $2 million on Friday. According to Raydium, the hacker appears to have taken control of the exchange’s admin address to carry out the attack. Over $2 Million Lost Raydium acknowledged the hack over Twitter, noting that investigations were still ongoing. It provided a...Read More
The first decentralized exchange tapping the Cardano blockchain has announced the launch date of its testnet. The project had previously released an NFT marketplace shortly after raising over $2 million in a funding round participated by Gal Gadot. AdaSwap’s DEX Testnet Arrives The press release shared with CryptoPotato informed that the project’s testnet is scheduled...Read More
Chainalysis’ latest report finds that decentralized exchanges (DEXs) have surpassed centralized exchanges (CEXs) in terms of on-chain transaction volume since January 2021. However, to maintain their lead in market share, DEXs may need to resolve a set of issues, including regulatory scrutiny, in the future. DEXs Vs. CEXs Since CEXs usually adopt the “order books”...Read More
Synthesis NFT will be used in Rony Club which will open at the end of March. Paradigm shift in NFT market. NEURONswap, a decentralized exchange(DEX), announced that it will launch the first ‘Synthesis NFT’ of all mainnet networks at Rony Club which will open at the end of this month. There are 3 types of...Read More
Decentralized exchanges have many advantages when trading crypto. That’s why they’re experiencing a massive uprise lately. Crypto traders want anonymity, safety, and total control over their coins. That’s exactly what a DEX can offer. Learn all you need to know to get started here. If you’re in the world of trading you’ve probably heard of...Read More
Swingby network, which recently transitioned into a community-owned DAO, is now ready to launch Skypools, its latest project development. On March 29th the Swingby network plans to roll out the next generation – Skypools. The swap-bridge hybrid builds upon the concept and design of the original Skybridge platform, which enables BTC swapping with wrapped BTC,...Read More
March 8, 2022– Bashoswap, a Cardano-based project, announces the launch of the development of its innovative features as the ecosystem begins the private sale of its native token $BASH. Advertisement Bashoswap intends to provide an IDO launchpad and a decentralized exchange platform to help link Cardano developers and early community members of the ecosystem, allowing for...Read More
1inch Network – a protocol that unites decentralized projects – launched a spot price aggregator to extract data for assets traded on DEXs on the blockchain. The tool provides a liquidity-weighted average of token spot prices. To avoid issues within transactions, 1inch recommended using it off-chain. 1inch’s Newest Instrument In a recent document seen by...Read More
The Cardano community and the rest of the crypto industry were excited when smart contracts were enabled on the network following its Alonzo upgrade last year. However, there have been some minor issues since then. SundaeSwap Goes Live on Cardano Four months later, the first Cardano-based decentralized app (dApp), SundaeSwap, launched its mainnet on January...Read More
Decentralized Exchanges (DEXs) have peaked in popularity since the debut of Uniswap on Ethereum. Unlike their centralized counterparts, DEXs offer crypto users a permissionless trading ecosystem, allowing anyone across the globe to access crypto markets with ease. Today, some of the most liquid crypto trading environments are DEXs, with notable platforms such as Curve and...Read More
The popular decentralized exchange 1inch announced that the second version of its limit order protocol is now live. One of the most prominent features that the project outlined is allowing users to gaslessly place limit orders to swap into ETH dozens of tokens that support permits. 1inch V2 Limit Order Protocol Goes Live The project...Read More
One of the most popular decentralized exchanges, dYdX, has reached a significant milestone in its development as the overall trading volume on a 24-hour period surpassed that of the largest US-based centralized exchange – Coinbase. dYdX Surpasses Coinbase Built on the Ethereum blockchain, dYdX is a DEX supporting perpetual, margin, and spot trading, as well...Read More
In the decentralized finance market, Sushiswap is making it’s ground stronger every day and it is becoming highly popular amongst the liquidity providers and the crypto-traders. Do you know why? Are you interested in exchanging some of your Ethereum into some other cryptos? Yes, Sushiswap is an improvised and evolved version of Uniswap where you...Read More
Trading crypto is undeniably a trend nowadays. Nevertheless, many people don’t fully understand what it is. Cryptocurrency changes very fast, and, if we compare it with other products of the financial market, it is still brand-new. The main doubt that beginners have when they start trading is the safest way to do the trading itself....Read More
Decentralized finance exploded in popularity this year and especially during and after the summer. Apart from numerous DeFi-oriented protocols, the cryptocurrency space saw the emergence of multiple new decentralized exchanges. The sharp increase in demand led to rapid project developments and impressive volume growth. However, the speed compromised user security on some occasions. Consequently, the...Read More
Decred, the blockchain built with decentralized governance in mind, announced today the launch of DCRDEX, a revolutionary DEX created with the objective of being as friendly as possible with traders. Unlike traditional exchanges like Binance or Coinbase, Decred’s DCRDEX runs on the blockchain, so there is no third-party intervention in users’ operations. DCRDEX: Decred’s Vision...Read More
In the latest report summarizing the Q3 2020 developments in the cryptocurrency field, CoinGecko has classified the outcome as the “summer of decentralized finance (DeFi).” The popular data aggregator noted that the top-performing decentralized exchanges saw (DEX) massive growth in terms of trading volume resulting in reducing the market share of centralized exchanges (CEX). DEX...Read More
We’re currently seeing a diverse set of different cryptocurrencies trying to establish their roots in the global financial landscape. With this, the demand for platforms that allow crypto users to exchange between different assets also continues to grow. Crypto swaps and exchanges make it possible for the average crypto user to have easy access to...Read More
A few hours ago, the Asian exchange KuCoin announced that it suffered a hack that caused millions of dollars in losses. A hacker, or a group of hackers, gained access to the platform’s hot wallet and stole more than $150 million in Bitcoin, Ethereum, and other cryptocurrencies. The funds held in a hot wallet are...Read More
You may have heard of Uniswap has been a frequently debated topic among the DeFi space. Originally, Hayden Adams created the Uniswap protocol as he was inspired by Vitalik Buterin’s post about the market maker equation X * Y = K. Hayden took a practical approach to the equation and created Uniswap, a protocol for...Read More
The cryptocurrency industry needs more decentralized trading solutions.It now appears that virtually anyone can run a decentralized exchange through WordPress. For many years now, the trading of crypto assets primarily occurred on centralized exchanges. More Decentralized Crypto Trading Solutions An odd situation, given how these crypto assets promote decentralization and taking control of one’s funds....Read More
