Tag: Decentralized Exchange

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Crypto Investors Are Quietly Stacking This Mysterious Coin – What’s Brewing?

Launchpad XYZ is set to introduce a platform designed to uncomplicate the intricate field of Web 3.0 investments. The dashboard it provides will feature comprehensive analytics and insightful data on crypto and NFTs, curated to suit both novice and experienced investors…. Read More: Crypto Investors Are Quietly Stacking This Mysterious Coin – What’s Brewing?  Read…
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Thorswap Resumes Service With 12 Countries Blacklisted and New Partnership to Curb Illegal Transfers

On October 6, 2023, Thorswap halted its services temporarily. However, the platform recently declared its return to full operation with some notable modifications. An array of approximately twelve countries are now barred from utilizing Thorswap, while the decentralized exchange (dex) platform’s operators disclosed a collaboration with an organization to introduce “some extra guardrails” aimed at…
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THORswap back online 6 days after halt over detecting FTX funds

According to blockchain analytics firm Elliptic, the anonymous FTX exploiter has used THORSwap to convert ETH to BTC, which is traceable on-chain. Decentralized exchange (DEX) THORSwap has resumed operations after briefly going into maintenance mode due to detecting illicit funds on its platform. THORSwap took to X (formerly Twitter) on Oct. 12 to announce that…
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Is Frontier Going to Zero? FRONT Price Keeps Falling as New Crypto Trading Project Raises $1.75 Million

The crypto known as FRONT’s price has recently experienced a sharp retracement, halting its continued uptrend of the past two weeks. Frontier (FRONT) saw a significant 33.17% decline yesterday, which was further exacerbated by an additional nearly 20% drop today. However, a broader market uptrend has helped FRONT recover, and it’s now trading at $0.4023,…
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Dex Trade Volumes Plunge 37% Since May; September Volumes Could Be Even Lower

After capturing $66.5 billion in May, decentralized exchange (dex) trade volumes have fallen for four consecutive months, with August statistics reaching a 2023 low of $41.7 billion. Metrics for the first half of September do not show improvement, with decentralized exchange trade volumes at about $16.96 billion as of September 18, 2023. Dex Volumes Nosedive…
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Is It Too Late to Buy Render? RNDR Price Turns Green and Launchpad XYZ Uses AI Data to Find Out When to Buy the Dip

Joining the broader cryptocurrency market uptrend today, Render Token (RNDR) has exhibited bullish price action for most of the day. The RNDR price touched its 50-day moving average for the first time in almost two months earlier today. However, selling pressure has once again pushed the cryptocurrency back to its familiar consolidation resistance zone of…
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Decentralized Exchange Sushi Ventures Beyond Ethereum by Expanding to Aptos 

The decentralized crypto exchange Sushi is expanding to the Aptos blockchain. The team noted that the move marks Sushi’s first expansion onto a non-EVM blockchain. From Ethereum to Aptos Sushi is a decentralized exchange (dex) and automated market maker (AMM) built on the Ethereum blockchain. It allows users to trade crypto assets and provide liquidity…
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Shibarium Surpasses 1 Million Wallets in Meteoric Rise, But SHIB and Associated Tokens Face Turbulent Waters

Shiba Inu’s layer two (L2) scaling endeavor, Shibarium, has successfully crossed the 1 million wallet threshold since its inception, as evidenced by data from shibariumscan.io. Yet, the project’s native token, SHIB, has seen a decline of over 4% in the past week and a substantial drop of more than 18% in the previous month. Shiba…
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Judge dismisses class-action suit against Uniswap over token scam losses

The judge showed rare understanding of DeFi technology and stated the defendants would do better to address their complaints to Congress. The United States District Court for the Southern District of New York has dismissed a class-action suit against Uniswap Labs and its CEO, foundation and venture capital backers brought by plaintiffs who claimed they…
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Uniswap Class Action Dismissed in Landmark Ruling for DeFi

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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