The leading decentralized exchange (DEX) Uniswap recorded an all-time high trading volume of over $100 billion in October. This milestone is part of a larger trend that sees the platform not just sustaining growth but also surpassing established centralized exchanges like Coinbase. The data also highlights Uniswap’s major market share within the DEX sphere, contributing…
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Decentralized finance (DeFi) exchange Uniswap has launched a mobile wallet application for Android users on Thursday, after launching on iOS in April. Following the iOS launch, Uniswap saw an influx of downloads and became the top three wallet for new downloads, the exchange said in an official announcement…. Read More: Decentralized Crypto Exchange Uniswap Brings…
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Decentralized finance (DeFi) lending project BarnBridge has announced a token-holder voting to tackle the legal charges that the project is facing from the US Securities and Exchange Commission (SEC), along with fines. BarnBridge confirmed in July that is it facing a probe from the US regulators and halted “all work” related to the project in…
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On October 5, American grocery store chain Trader Joe’s filed a federal lawsuit against a decentralized finance (DeFi) platform named Trader Joe. The lawsuit accuses the DeFi platform of trademark infringement and seeks all profits generated by the platform as damages. This lawsuit follows an unsuccessful legal attempt by Trader Joe’s in 2022 to close…
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Decentralized exchange (DEX) Pond0x has reportedly achieved a total trading volume exceeding $100 million despite scam allegations. In a recent post on X (formerly Twitter), the project’s official channel referred to a Dune dashboard that displayed over $111 million in all-time trading volume as of September 29. As of now, the dashboard shows a total trading volume of $112.4 million. ……
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Coinbase’s layer-2 network, Base, has surpassed Solana (SOL) in terms of total value locked (TVL). Base’s TVL has reached an impressive $397.32 million since its launch in August, outpacing Solana’s TVL of $358.96 million, data from DefiLlama shows. Over the past month, Base has experienced significant growth, with a remarkable 97.21% increase in TVL. On the other hand, Solana…
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Balancer, the Ethereum-based decentralized finance (DeFi) protocol, is facing a security breach, marking the second such incident in less than a month. The platform issued a warning to its users after detecting an attack on its frontend, urging them to refrain from interacting with the Balancer user interface until further notice. The breach was revealed…
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Ethereum-based Layer 2 network “Base” has put on an impressive performance yet again, with its Total Value Locked (TVL) coming close to one of the most notable blockchains. Coinbase’s BASE Has Outperformed Solana Coinbase’s layer 2 blockchain network, Base, has seen an upward trajectory movement since it was introduced to the public, outperforming some of…
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Legal proceedings against Uniswap, a leading decentralized exchange protocol, took a turn today when a class action lawsuit filed against it was dismissed. Mike Wawszczak, a legal analyst, revealed that the judge presiding over the case — initially lodged by the US Securities and Exchange Commission (SEC) against Coinbase — found no grounds to proceed…
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Decentralized social network Friend.tech has generated over $1 million in fees within just 24 hours of its release, outperforming well-established players like Uniswap and the Bitcoin (BTC) network. According to data from crypto data aggregator DefiLlama, Friend.tech has generated $1.12 million in fees within a single day, and a total of $2.8 million since its inception. … Read More: Decentralized Social Network Friend.tech…
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