Category: DeFi

Crypto Market Stumbles as DeFi Tokens Plunge, Can UNI Help Kick Start Another Hype Cycle?

Crypto Market Stumbles as DeFi Tokens Plunge, Can UNI Help Kick Start Another Hype Cycle?

Over the past week, the cryptocurrency market has been trending downwards with Altcoins experiencing sell-offs, especially DeFi tokens, many of which have plunged to new swing lows. Nevertheless, not all is lost, as leading decentralized exchange (DEX) Uniswap announced its native governance token, UNI just last week. The DEX surged to the top of the […]

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KAVA Unveils World’s First DeFi Cross-Chain Money Market – Harvest

KAVA Unveils World’s First DeFi Cross-Chain Money Market – Harvest

DeFi lending protocol Kava, backed by multiple crypto industry giants such as Binance, Huobi, OKEx, Kraken and Cosmos, has just launched its very first DeFi application – Harvest. Touted as the world’s first cross-chain money market, users can stake Bitcoin (BTC), XRP (Ripple), Binance Coin (BNB), Binance stablecoin (BUSD), KAVA, and the USDX stablecoin on […]

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Party at Vitalik’s House? For DeFi, it’s Do-or-Die

Party at Vitalik’s House? For DeFi, it’s Do-or-Die

Ethereum gas prices have set new records, with single DeFi transactions costing over $10 in fees. High fees are the result of congestion, as users pay ever higher fees to ensure their transaction gets into a block. As DeFi takes off, the price of gas on Ethereum threatens its future. Or does it? Is the […]

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Uniswap (UNI) price explodes by 300% after Binance and Coinbase listing

Uniswap (UNI) price explodes by 300% after Binance and Coinbase listing

Since the launch of Uniswap’s Governance Token, the UNI price has increased by more than 300%. The largest exchanges in the market Binance, Coinbase and OKEx have added the UNI token to their portfolios. On Wednesday night, the Uniswap token officially launched on Ethereum mainnet and has since seen a rocket-like increase. In the short […]

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Ethereum – NEO Surge as DeFi Tokens Suffer

Ethereum – NEO Surge as DeFi Tokens Suffer

The overall Altcoins market sentiment remains bullish even as Bitcoin slowly reclaims its market dominance. The SCN30 Index which tracks top curated altcoins recovering from the weekly low by 9.87 points to 251.20 points. Top-performing Altcoins from last week such as Binance Coin (BNB), yearn.finance (YFI), Aave (LEND), Synthetix Network (SNX) are facing price pull-backs […]

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The Uniswap Effect: UNI Listed on Major Exchanges Within 24 Hours of Launch

The Uniswap Effect: UNI Listed on Major Exchanges Within 24 Hours of Launch

UNI tokens were launched yesterday on September 17, and the world’s largest cryptocurrency exchange platform Binance snapped the token up immediately on the same day, announcing both the UNI token listing and also UNI/USDT perpetual contracts on the Binance Futures platform. Other major exchanges have been quick to jump on the bandwagon as well for […]

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Uniswap Entrenches DEX Dominance with Launch of Proprietary UNI Token

Uniswap Entrenches DEX Dominance with Launch of Proprietary UNI Token

Uniswap nearly lost the decentralized exchange (DEX) race to Sushiswap two weeks ago when the latter burst into the DeFi scene with an attractive moniker, shining new SUSHI tokens and immense rewards, and since the fall of Sushiswap, Uniswap seems to have learnt its lesson because someone else’s crisis is an opportunity. On September 17, […]

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DeFi Project Bluzelle Enters Polkadot Ecosystem

The decentralized data network Bluezelle is working closely with the Web3 Foundation in order to further its services and provide them to the Polkadot Ecosystem. This will supposedly deliver distributed storage solutions to projects that are building on top of Polkadot’s Substrate framework. Bluezelle Enters Polkadot Ecosystem According to a press release shared with CryptoPotato, the […]

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