Tag: uniswap

Here’s Why Curve Finance, Uniswap Witnessed Massive Spike in Volume

There is not a single dull day in DeFi. The decentralized finance [DeFi] space has been known for wild swings be it in terms of token’s price, or trading volume. In the latest development, Automated market maker Curve Finance saw its daily trading volume spike massively to a fresh all-time high after maintaining a steady […]

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UniSwap Price Prediction: UNI Eyes $3.6 If This Resistance Is Broken

UniSwap looks forward to a rally to $3.6 if the descending parallel channel resistance is shattered. UNI/USD is building the bullish outlook as reflected by the RSI’s gradual movement towards the midline. UniSwap has in the recent past dominated the decentralized finance sector. However, the token is not performing well in terms of price action, […]

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Yearn Finance Founder Blames Social Actors for Role in the EMN Token Hack

Yearn Finance Founder Blames Social Actors for Role in the EMN Token Hack

Yearn Finance founder Andre Cronje suggests he did not mishandle the Eminence (EMN) project’s economic exploit, which he insists functions well. He accuses certain social actors of creating a story around EMN that caused rational actors to jump onto the token. Cronje’s comments follow reports that a group of defi community members planning to sue […]

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Uniswap Governance Vote Raises Centralization Questions

DeFi protocol Uniswap is currently undergoing its first governance vote but members of the crypto community have noticed that the whales are largely in control of it. The initial proposal was made by DeFi lending and trading platform Dharma which is one of the largest UNI token holders. In order to make governance more accessible, […]

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UniSwap Technical Analysis: UNI Hunts For A Bottom As $2.5 Beckons

UniSwap bleeds profusely after rejection from $3.6. Initial support is embraced at $3, but UNI/USD looks primed for losses eying $2.5. UNI, the official token of the decentralized finance (DeFi) platform UniSwap, has lost over 13% of its value in the last 24 hours. The downswing came into the picture following a barrier encountered at […]

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Investor Loses 940 ETH ($360K) Overnight with YFI Founder’s Newest ‘Experiment’

Investor Loses 940 ETH ($360K) Overnight with YFI Founder’s Newest ‘Experiment’

Andre Cronje, the founder of the popular Yearn Finance protocol and its governance token YFI, deployed another ‘experimental’ contract yesterday. Expectedly, a lot of people bought the token despite Cronje’s warnings, and most of them ended up losing money. One investor, in particular, put in 1000 ETH in the token, and his stash is currently […]

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3.5 Million ETH Locked in Uniswap as Total Liquidity Approaches $3 Billion

3.5 Million ETH Locked in Uniswap as Total Liquidity Approaches $3 Billion

Uniswap has been the top DeFi protocol for more than a month now. According to the latest statistics, users have locked almost 3.5 million Ether (ETH) tokens on the decentralized exchange. Along with this, the total USD liquidity on Uniswap is nearing the $3 billion mark. Uniswap Now Holds $1.35 Billion Worth Of Ethereum (ETH) […]

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Centralized Exchange Operators Believe Low Liquidity on DEX Platforms Stops User Migration

Centralized Exchange Operators Believe Low Liquidity on DEX Platforms Stops User Migration

Centralized cryptocurrency exchanges (CEX) operators say they are unfazed by the increasing trading volumes on decentralized exchanges (DEX) because the latter’s liquidity is still too insignificant to cause user mass migration. The majority of CEX operators also insist that it is very unlikely the DEXs’ liquidity would surpass their own liquidity in 2 years’ time. […]

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