Group items matching

in title, tags, annotations or url

January decentralized exchange (DEX) trading volume soared to set an all-time high of $56 billion, eclipsing the previous record of $26 billion from September 2020, according to data from Dune Analytics. Uniswap represented over 45% of total DEX volume ($26 billion traded in January) with Sushiswap claiming nearly 22% ($12.2 billion).

Iron Finance was left to explain itself today after a "bank run" left its TITAN token worthless, leaving investors including Mark Cuban to wonder what happened. Cuban was a liquidity provider in decentralized exchange QuickSwap. He announced his participation just four days ago but has already gotten out.

Crypto trading platform ShapeShift will begin winding down its operations as a formal company, and hand over its legacy to a decentralized autonomous organization (DAO) controlled by holders of its FOX token. Currently employing 65 people, ShapeShift will have no employees, no bank accounts and no CEO in somewhere between 4 and 12 months' time.

The Attorney General of New Jersey has ordered high-yield crypto lender BlockFi to stop accepting new customers. The order calls for BlockFi to stop accepting new [BlockFi Interest Account] clients residing in New Jersey beginning July 22, 2021," although the company will be able to continue to serve existing customers in the state and other jurisdictions. BlockFi is accused of offering unregistered securities to its customers.

The Avalanche network experienced a serious issue earlier this week. This article describes what caused it, how a team of developers and community members addressed it, and the lessons to be drawn from it.

In the race to produce the fastest, most feature-complete blockchain there is, a handful of major players have emerged in the last year. Among these, Avalanche-an open-source platform for new financial primitives and decentralized applications-has emerged as one of the front-runners.

Decentralization is a major trend that is underway in financial markets, and while it is led by specific cryptocurrencies such as bitcoin, this trend is quickly moving to trading exchanges as well. That said, and fully acknowledging the issues that have been highlighted by recent Congressional hearings, there still remain multiple open items to be resolved prior to wider adoption. It will be interesting to see how this tug-of-war between centralized and decentralized exchanges evolves, and market participants will need to proactively monitor trends in both sectors.

With a few days left in February, decentralised exchange (DEX) processing volumes during the month have surpassed $60 billion, according to Dune Analytics, already higher than January's record level.

Comprehensive upgrades to the Algorand blockchain will enable the creation of massively scalable dapps with the capacity to compete with established financial systems at a fraction of the cost. Algorand was built from the outset to drive complex applications requiring speed, scalability, finality, and security - while at the same time being cost-effective. Already nearly 400 companies are using the platform in sectors such as: investing (Republic), asset tokenization (Props), stablecoins (Tether, USDC, MELD Gold), CBDCs (Marshall Islands), gaming (World Chess), insurance (Attestiv) and accounting (Verady).

It's hard to see why Ampleforth (AMPL) or YAM could ever replace a dollar. While the price of these tokens is relatively benign, their quantity fluctuates wildly. So the total purchasing power of AMPLs (or YAMs) held in one's wallet is quite volatile despite the purchasing power of a given AMPL (or YAM) being stable. Put plainly, these aren't dollar substitutes. The main use case for AMPLs and YAMs is as tokens in a financial betting game. Think of them as an access point to a self-referential guessing game-that is, a Keynesian beauty contest.

Maker (MKR) holders have voted to prioritize adding Gemini USD, Binance USD, and several other tokens as collateral assets to the Maker DAO protocol so those tokens can be used to generate DAI stablecoins. As a result, Maker "Domain Teams"-elected community members-will analyze these tokens and determine whether or not the protocol can handle them before the community takes a final vote to accept or reject them as collateral assets.

Fueled by a spike in speculative appetite, crypto-asset entrepreneurs are offering new digital coins at a torrid pace reminiscent of the initial coin offering (ICO) boom three years ago. Among the freshly listed: Porkchop, Davecoin, Spaghetti, Newtonium and Whale. Many have no obvious utility, but investors have poured billions into them up in hopes of riding one to an easy profit. This time, buzz is growing over decentralized finance applications that seek to cut out institutions from things like lending. Now, central banks are plowing trillions into the system, depressing bond yields and sparking a rush into alternative assets. More than 500 coins have been listed in the past month.

On September 1, the average transaction fees on the Ethereum network climbed to a new peak at above $10, and gas prices went past 450 Gwei. In response, Tether, the second biggest guzzler of gas, is planning to add support for ZK-Rollups. In this technique, many transactions are bundled into a single one, after integrating with OMG Network. This will reduce the pressure on the Ethereum network, which is congested amidst growing usage. Ethereum co-founder Vitalk Buterin has also been advising using layer2 solutions like OMG Network and Loopring.

Bitcoin can be wrapped onto the ethereum blockchain using a number of ethereum-based tokens, such as WBTC, which has surged in popularity since May, according to data from Dune Analytics. During some periods in August, more bitcoin was wrapped onto ethereum than was created by bitcoin miners. Bitcoin wrapped onto the ethereum blockchain using WBTC is backed 1:1 by bitcoin and minted by locking up bitcoin on the bitcoin blockchain. It's thought that by wrapping bitcoin onto ethereum and making it compatible with smart contracts, users will be able to unlock tools such as lending, liquidity provision, and decentralized exchanges.

RealT Allows investors to directly buy shares of LLC managing properties and each RealT Token holder regularly earns their share of the property revenues directly into their wallet with stablecoins. On the Aave RealT market users will be allowed to deposit their tokens into the Aave Protocol and use them as collateral to borrow stablecoins. Intrinsically RealT assets collect stablecoins on a regular basis, and this can be leveraged in these loans as "income" that can contribute to the repayment of the loans organically, creating loans that at least partially repay themselves.

"Uniswap is an exchange protocol that allows users to trustlessly swap ERC20 tokens. Rather using the traditional order book model, Uniswap pools tokens into smart contracts and users trade against these liquidity pools. Anyone can swap tokens, add tokens to a pool to earn fees, or list a token on Uniswap.

Uniswap is a decentralized ERC-20 token exchange, and it's not just for tokens. It also supports Ethereum, and the beauty of Uniswap is you can exchange ETH for any other ERC-20 token in a decentralized fashion. There's no company involved, no KYC, and there's no person involved that's mediating things.

Uniswap smart contracts hold liquidity reserves of various tokens, and trades are executed directly against these reserves. Prices are set automatically using the constant product market maker mechanism, which keeps overall reserves in relative equilibrium. Reserves are pooled between a network of liquidity providers who supply the system with tokens in exchange for a proportional share of transaction fees. The Uniswap Exchange is an opensource front-end interface for traders and liquidity providers to easily interact with Uniswap's smart contracts."

"Compound is a decentralized, blockchain-based protocol that allows you to lend and borrow crypto. COMP is its native utility token that gives you power in governing the protocol."

There's 131,455 Bitcoin on Ethereum, or $1.497 billion, as of October 11, equivalent to 3.6% of Ethereum's market cap. These are Bitcoin that's been converted into Ethereum-based tokens that represent Bitcoin. The most popular is Wrapped Bitcoin, or wBTC, which holds 73% of the market share. Next up is renBTC, with 20% of the market share. People are moving lots of Bitcoin to Ethereum to make the most of this summer's decentralized finance boom. Such products as decentralized lending protocols, non-custodial exchanges and synthetic derivatives-like wBTC-were all the rage this summer. But you have to use Ethereum-based tokens to use them.