Category: SUSHI

Cardano, SushiSwap and NEO could skyrocket in February, says Austin Arnold

Cardano, SushiSwap and NEO could skyrocket in February, says Austin Arnold

The deployment of decentralized finance components could give Cardano’s (ADA) price a huge momentum. Ethereum’s DeFi protocol SushiSwap will become more interoperable to gain greater adoption. Crypto trader and YouTuber Austin Arnold shared his ranking of cryptocurrencies with the highest upside potential in February. The trader believes that decentralized finance will continue to be an […]

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Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think

Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think

Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep track of them all. Moreover, while many […]

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SushiSwap TVL Surges to $1Bn Despite More Fund Access Concerns

Uniswap clone SushiSwap has been the primary beneficiary of the collateral exodus from the leading DEX. However, more coding issues have emerged that could result in anonymous addresses accessing those funds. When Uniswap liquidity mining incentives ended on November 17, over $1.7 billion in crypto collateral left the protocol for greener pastures. A large portion […]

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Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%

Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%

The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi) hype and yield farming frenzy that peaked in August. In […]

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Defi Market Cap Drops 25.1% in One Day: Proponents Say Tokens Self Correcting

Defi Market Cap Drops 25.1% in One Day: Proponents Say Tokens Self Correcting

The latest data from Santiment shows that the collective market capitalization of all defi-related assets dropped by 25.1% on October 7, while daily trading volumes went down 30.2%. The data also shows popular defi tokens like Sushi took heavy knocks after dropping by 50.9% during the week. Also making the list of heavy droppers is […]

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Will Sushiswap’s Declining Figures Affect Its Shelf Life ?

Sushiswap was nothing less than an overnight success story that mostly rode on the fame of VC-funded Uniswap. Despite its promising yet contentious debut, trouble seems to be brewing for the DeFi trading protocol. It’s native token SUSHI, has lost approximately 90% of its value since its all-time high of $9.48 to its press time […]

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Cumulative Ethereum Transaction Fees in 2020 Supersede Bitcoin’s by a Long Shot

Cumulative Ethereum Transaction Fees in 2020 Supersede Bitcoin’s by a Long Shot

This week the research and analysis team Coin Metrics published a report on how decentralized finance (defi) is “fueling Ethereum’s growth.” Meanwhile, the researchers also highlighted that Ethereum’s cumulative transaction fees in 2020 are now over $350 million and more than double the aggregated total of Bitcoin’s network fees.Coin Metrics researchers and Nate Maddrey published […]

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