Uniswap’s dominance over the Ethereum DEX sector continues to grow, with the exchange representing more than half of the sector’s combined weekly volume. The amount of collateral on decentralized exchanges is nearing a milestone high of $10 billion, with Uniswap still sitting at the top of the heap. Volumes and liquidity on decentralized exchanges have…
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Protocol integrations, gas fee reimbursements and a bump in DeFi activity back Balancer’s rally to a new all-time high. Decentralized finance (DeFi) was the driving force behind the growth in the cryptocurrency market in early 2021, but lately, the sector has taken a back seat to nonfungible tokens as famous artists and legacy auction houses…
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Two new projects aim to bring NFTs to the masses by breaking them apart. Non-fungible tokens and crypto art have taken the industry by storm in 2021 and a number of projects aim to fractionalize pieces of NFTs to give collectors’ partial ownership rights. Projects that break apart, or fractionalize, non-fungible tokens are gaining interest…
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Excitement for the upcoming release of Kyber 3.0 is helping to boost KNC price by 40% as new governance features and lower Ethereum fees excite investors. The explosion of interest in non-fungible tokens over the past two months has taken some of the attention away from the decentralized finance sector but this doesn’t mean that…
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Using 1inch’s new aggregator saves gas over using Uniswap or other DEXs directly. The 1inch team has released the third iteration of its Aggregation Protocol, a tool that routes trade orders across all decentralized exchanges on Ethereum and, as of recently, Binance Smart Chain. The Aggregation Protocol calculates the most profitable trade for a given…
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Analysis of the user behaviors captured on DEXs across the various layer one and two networks. Decentralized exchanges have continued to increase their market share, spurred on by high Ethereum gas prices, a rapid release of decentralized token sales, and layer two networks incentivizing developers to make their protocols accessible to users on different networks.…
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Audius price hit a new all-time high after the decentralized music streaming platform surpassed 3 million active users and developers hinted at future NFT integrations. As blockchain technology increasingly becomes part of the mainstream conversation, its integration with today’s most used technologies is bound to increase. This means that it’s only a matter of time…
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Ocean Protocol’s new governance features and the ability to yield farm OCEAN tokens are improving the fundamentals of the decentralized data monetization platform. Data collection, aggregation and analysis have become some of the largest profit generators for companies like Facebook and Google who have designed an array of algorithms purposed with harnessing user data in…
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The price of GHST rallied to a new high as Aavegotchi launched its mainnet and conducted an NFT sale that sold out in less than a minute. Nonfungible tokens (NFTs) have rapidly become the new hot topic in the cryptocurrency sector, as evidenced by Litecoin (LTC) creator Charlie Lee comparing the current spike in NFT…
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Soaring Etheruem gas costs are driving investors and protocols to take a closer look at layer-2 solutions like Matic, Loopring and xDai. The start of a new month has brought renewed fervor from the cryptocurrency market as Bitcoin (BTC) price steadily climbed from a low of $43,537 on Feb. 28 to a high of $49,200…
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