PancakeSwap’s DEX volume has grown by 350% in six weeks, causing its CAKE token rally 444% and the platform appears on track for even larger gains. Launched in September 2020, PancakeSwap is a decentralized exchange (DEX) running on Binance Smart Chain. Instead of allowing its users to trade ERC-20 and ERC-721 tokens, the DEX focuses…
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Increasing interest and growth in the blockchain-based multiplayer gaming industry are the key factors pushing the price of FunFair (FUN) higher. Many DApps and blockchain-based games are designed with casino-style and RPG features that allow players to use cryptocurrency for gambling. FunFair is essentially a white-label, turnkey blockchain-based casino and the platform aims to provide…
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Flamingo’s (FLM) rally to a new all-time high is backed by record trading volume, increased governance capabilities and DeFi users searching for Ethereum alternatives. Decentralized finance is rapidly becoming a cornerstone of the cryptocurrency sector but the ecosystem has become increasingly centralized on the Ethereum network and this is causing the entire sector to be…
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In the last 30 days, FTX Token rallied 105% as its exchange surpassed BitMEX and Deribit’s open interest, but is there room for further upside? FTX is a cryptocurrency derivatives exchange backed by Alameda Research, a quantitative trading firm and crypto liquidity provider. The exchange launched in April 2019 and offered the usual spot trading,…
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The total value locked in 1inch is closing in on $1 billion, and the decentralized exchange aggregator has processed nearly $6 billion this month. This week the total value locked in decentralized finance platforms reached a new high at $26.2 billion, and this record high was achieved even as Bitcoin (BTC) price appeared to be…
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Uniswap’s governance token notched a new all-time high above $15 as daily volume on the DEX soars and investors anticipate the rollout of new governance rights. Uniswap’s decentralized exchange has emerged as one of the critical pieces in the decentralized finance sector, with the DEX benefiting from the first-mover advantage after it became the go-to…
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Cardano price has doubled since the start of 2021, and the move coincides with a new all-time high in Cardano-related Twitter mentions. Social media mentions about Cardano have been growing since the beginning of the year, and during this time, the price of its ADA token has more than doubled, in the process surpassing Bitcoin…
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Crypto friendly regulations, rising user activity and a recent collaboration with Yearn finance back Curve DAO Token’s recent triple-digit rally. Over the past two weeks the entire DeFi sector has been in a strong uptrend and many of the top market cap tokens rallied by double and triple-digits. Curve DAO’s governance token CRV has been…
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In the past month Near Protocol (NEAR) rallied 106% as the DeFi market captured the attention of new investors. Near Protocol (NEAR) is a smart contract platform that uses parallel processing to scale the network. This technique, known as sharding, resembles what Eth2 is aiming to achieve and Near’s proof-of-stake consensus mechanism also allows token…
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The DeFi sector is booming again and the need for fast, scalable, Ethereum alternatives has sent Solana (SOL) trading volume to record-highs. 2021 got off to a quick start and the current crypto bull market has seen assets like Bitcoin (BTC) and Ether (ETH) shoot to new all-time highs on an almost daily basis. While…
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