Category: sushiswap

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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Ethereum Transaction Fees Fall 82%, as Defi Hype Eases

Ethereum Transaction Fees Fall 82%, as Defi Hype Eases

The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols.According to data from Glassnode, ethereum (ETH) miners have […]

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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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