The recent surge in cryptocurrency markets over the last month seems to have spilled over into the realm of decentralized finance (DeFi). The trading volume on decentralized exchanges (DEX) has traditionally been considerably lower than that of centralized exchanges (CEX). However, the recent market rally has led to increased activity, albeit at a somewhat slower...Read More
Ethereum-based decentralized exchange (DEX) SushiSwap released an update about its plans to return stolen funds to users affected by the $3.3 million exploit over the weekend. According to an announcement from the exchange’s official Twitter handle, users whose assets were taken by white hat security teams would be refunded quicker than those who lost theirs...Read More
The blockchain security resource PeckShield was the first to inform about the exploit against SushiSwap’s approval contract. According to the firm, all 1,800 ETH (worth about $3.3 million) were drained from a single user – @0xsifu. The “RouterProcessor2” contract in question is used to execute trade routing on the popular decentralized exchange. It seems the...Read More
Jared Grey – the “Head Chef” (CEO) of the automated market maker Sushi Swap – is attempting to establish a $3 million legal defense fund after being subpoenaed by the Securities and Exchange Commission (SEC). Grey declined to comment further on the ongoing investigations but said he and Sushi were cooperating with the agency. In...Read More
The decline of centralized entities has worked out well for their decentralized counterparts. Over the weekend, USDC witnessed a significant trading volume on several decentralized exchanges. Uniswap, for one, reached its highest daily volume ever of $11.84 billion on March 11th. But it isn’t the only decentralized protocol that saw traction. Decentralized Exchanges Register Impressive...Read More
Crypto Metaverse coins are all the hype right now, with many projects seeing massive price gains in the past few months. One way to identify hot cryptocurrencies is by looking at their 24-hour trading volume to total market cap ratio. Let’s look at the top five crypto Metaverse coins with the highest trading volume to...Read More
SushiSwap is one of the most popular and also veteran decentralized exchanges and automated market makers (AMM). Still, it went through a fair share of infighting in the past couple of months. Now, a community proposal calls for a merger between Sushi and the Bancor Network. A Bit of Context On December 9th, Joseph Delong,...Read More
As cryptocurrency markets rebound slightly today, we’re seeing many projects increase in price by over 20%. Out of all the cryptocurrencies on Crypto.com, Gods Unchained is today’s biggest gainer, rising over 26% in price over the past 24 hours. Let’s look at what Gods Unchained is and why the price is increasing so much. What...Read More
Joseph Delong, CTO of the popular SushiSwap DEX, announced his resignation on December 9. He stated that it was in the interest of the Sushi community that he has decided to throw in the towel following a lot of infighting. “The chaos that is occurring now is unlikely to result in a resolution that will...Read More
SushiSwap, the popular decentralized exchange that saw the light of day last year, will enter the non-fungible token and metaverse spaces. It will do so by releasing a platform aiming to combine the best from both worlds and the initial v0 campaign will go on for ten weeks. Shoyu Comes to Life The press release...Read More
DeFi exploits continue as SushiSwap’s CTO Joseph Delong informed that the protocol’s token platform MISO became the victim of a supply chain attack. Early estimations show that the attacker duped more than $3 million in ETH. Delong took it to Twitter earlier on September 17th to indicate that the MISO front end “has become the...Read More
A slew of leading Ethereum based DeFi protocols– including Aave, Sushi, Curve, and PoolTogether– recently announced a $100M DeFi adoption initiative with Celo, a mobile platform for financial dApps. Adoption Initiative: “DeFi for the People” Announced today, the recent “DeFi for the People” initiative’s numerous founders include Aave, Curve, Sushi, PoolTogether, 0x, UMA, Valora, Ubeswap,...Read More
According to data from DappRadar, and the platform itself, the total value locked for the DeFi DEX PancakeSwap has reached $5.5 billion in BNB equivalent. The platform tweeted the milestone all-time high over the weekend, adding that it includes all liquidity pools combined. TVL figures vary depending on the data provider but most are in...Read More
The explosive growth of DeFi assets was for all to witness back in Summer 2020, and the narrative is picking traction yet again. Back in 2020, Yearn Finance or YFI was leading the rally but now other assets are picking up popularity points as well. However, the trend might be shifting towards a collective exposure...Read More
If we entertain entities like Robinhood, Coinbase, and SushiSwap in the same bracket, it would hardly make sense to an average listener. After all, these are independent organizations running on their own accord. However, the concept of ripple effect is sound, and currently, something similar might be unraveling in the financial industry. Let us start...Read More
SushiSwap the popular DEX in the DeFi ecosystem has seen quite a few developments in the past few months. The SushiSwap token has also mirrored this growth and registered gains amounting to over 170 percent since the start of 2021. At press time, SUSHI has a trading value of over $7.2 is ranked 46th on...Read More
In 2020, quite a few radical shifts in trend took place in the cryptocurrency industry. While Bitcoin managed to witness another all-time high in December, Q1 of 2020 also saw Bitcoin drop down to the $4000 level. During that time, Bitmex faced an infamous DDoS attack, which led to a significant loss for a group...Read More
SushiSwap released their roadmap for 2021 earlier today, which has been widely anticipated by many in the community. The price of SushiSwap’s native token $SUSHI surged over 15% in the past 24 hours, in anticipation of the roadmap release after Sushi’s managing director 0xMaki tweeted about the same. Let’s release the 2021 roadmap tomorrow then....Read More
A potential SushiSwap exploit was discovered earlier today, with the same confirmed on Twitter by 0xMaki, General Manager at SushiSwap. According to 0xMaki, the culprit got around $10-15K so far from the 0.05% fees cut of SushiSwap, while also adding that LP funds are currently safe. In fact, reports from SUSHI’s Discord channel revealed that...Read More
In the past 24 hours apart from making headlines, SushiSwap gained 9.25% based on data from DeFiPulse. The project that earned a reputation as the dead $UNI fork that got hacked by the founder 2 months ago is now working on a strong comeback. The Sushi team has been working in the background. The token’s...Read More
SushiSwap is one of the ‘forgotten’ DeFi projects in the space today, one that everyone certainly remembers. And, not for all the right reasons wither. In fact, in light of the aftermath of the Nomi/Sushi ordeal, SushiSwap has been passed up by many as an ‘investable project.’ However, it would now seem that the protocol...Read More
Coinbase Around the Block sheds light on key issues in the crypto space. In this edition, Justin Mart explores the dawn of DeFi protocol wars as well as other notable news in the space. To participate in the emerging cryptoeconomy, sign up for Coinbase today. A war is brewing on the blockchain Blockchain-based applications are...Read More
“To everyone. I F#$%ed up. And I am Sorry”- The anonymous creator of SushiSwap took to Twitter to address the community. Chef Nomi announced on Twitter today that he regretted his earlier actions which involved selling all his SUSHI for ETH which the SUHI community had feared was an exit scam strategy. He further published...Read More
