Tag: DEX

Serum community foundation raises $75 million in token sale from Tiger Global and others

Serum community foundation raises $75 million in token sale from Tiger Global and others

The Incentive Ecosystem Foundation, a community-led foundation of Project Serum, has raised $75 million in a new funding round. Serum is a Solana-based decentralized exchange and liquidity infrastructure platform. Tiger Global, Commonwealth Asset Management, Tagus Capital, executives at Golden Tree Asset Management, and several other investors participated in the round. This was a token funding […]

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Decentralized exchanges saw over $1 trillion in trading volume this year

Decentralized exchanges saw over $1 trillion in trading volume this year

Decentralized exchanges (DEXs) reported more than $1 trillion in trading volumes in the year 2021, according to The Block Research. That figure is a massive 858% increase compared to 2020 DEX trading volumes, based on data as of December 23. Last year, DEXs facilitated over $115 billion in trading volumes. Overall, monthly DEX trading volume […]

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Uniswap goes live on Polygon

Uniswap goes live on Polygon

Decentralized exchange protocol Uniswap has gone live on Polygon, an Ethereum-focused scaling platform. Last month, Polygon co-founder Mihailo Bjelic submitted a proposal on the Uniswap governance portal to deploy Uniswap v3 on Polygon. The Uniswap community then voted to accept the proposal last week. More than 72 million Uniswap (UNI) token holders supported the move, […]

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Uniswap Community Votes to Deploy v3 on Polygon, Contract Support Coming in a Few Days

Uniswap Community Votes to Deploy v3 on Polygon, Contract Support Coming in a Few Days

One of the largest decentralized exchange (dex) platforms in terms of trade volume, Uniswap, has announced that the dex community has approved a governance proposal to support the Polygon blockchain. Uniswap to Support Polygon PoS Blockchain In terms of trade volume, statistics show that Uniswap version three (v3) commands the largest 24-hour trade volume with […]

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Updates on DeFi perpetual futures protocols

Updates on DeFi perpetual futures protocols

Quick take The market for on-chain perpetual futures in DeFi has continued to mature throughout 2021.  Since our last update earlier in the year, the landscape has evolved considerably with a notable degree of shuffling occurring among the top protocols.   Several leading protocols have also undergone significant iteration/expansion throughout the year, which we will take […]

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CowSwap: gas-free swaps with batch settlement

CowSwap: gas-free swaps with batch settlement

Quick Take CowSwap executes multiple trades by batching them into a single transaction Submitting limit orders involves signing messages which do not require gas fees CowSwap targets at facilitating the matching of “coincidence of wants” This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The […]

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DeFi trading platform Slingshot raises $15 million in Series A led by Ribbit Capital

DeFi trading platform Slingshot raises $15 million in Series A led by Ribbit Capital

The team behind Slingshot Finance (formerly DEX.AG), a decentralized trading platform, has raised $15 million in a Series A funding round. Ribbit Capital led the round, with K5 Global, Shrug Capital, The Chainsmokers, Jason Derulo (American singer), Guillaume Pousaz (Checkout.com founder), and Austin Rief (Morning Brew CEO) also participating. Existing investors Framework Ventures and Electric […]

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