Tag: uniswap

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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Report: Q3 2020 Was The Best Quarter For DeFi

Report: Q3 2020 Was The Best Quarter For DeFi

A recent report exploring the Q3 2020 developments in the decentralized finance ecosystem confirmed the narrative that it was the best quadrant for the entire field. Additionally, it highlighted Ethereum’s massive role as the underlying technology but also broached several potential competitors, including TRON and EOS. Confirmed: DeFi Exploded In Q3 2020 The analytics company […]

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Governance Roundup: What DeFi protocol communities are discussing and debating

Governance Roundup: What DeFi protocol communities are discussing and debating

Quick Take In addition to major feature launches, many protocols have minor parameter decisions (e.g. changing interest rates in MakerDAO) that must be made by token holders Most of the governance happens on forums, where users submit proposals and ideas, and community members give their feedback The first layer of voting is typically informal to […]

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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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UniSwap Technical Analysis: UNI Soars 14% But Is The Trend Sustainable?

UniSwap bounces off support at $2.4, bringing hope to investors that recovery is imminent. UNI/USD hit a barrier at $3.4, throwing bulls out of balance but the RSI suggests that the uptrend could continue. UniSwap dropped significantly following its launch in September. The cryptocurrency found it difficult to sustain the uptrend amid decreasing volume and […]

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YFI, LEND, CRV, UNI Prices Plunge, is it The Death of DeFi?

Tokens related to decentralized finance are getting battered again today with many of the top performing ones in recent months losing double digits over the past week. Analysts are starting to call DeFi a bubble. The total value locked across the DeFi sector is in decline as the flocks of farmers withdraw their collateral. The […]

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Uniswap Grows By Nearly 470% In Less Than A Month

DeFi has been the talk of the town and riding along is Uniswap Protocol, which has shown immense growth in recent weeks. The decentralized on-chain protocol on Ethereum continued to lead the pack in terms of the total value locked in, hitting a fresh all-time high of $2.38 billion yet again on the 6th of […]

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Almost $50 Million UNI Goes Into Governance But Price Tanks to $3

Uniswap’s native token, UNI, is flowing into the protocol’s governance mechanism but its prices are still tanking despite an increase in collateral. According to recent metrics from Dune Analytics, around $47.5 million in UNI tokens have been delegated to protocol governance. The dashboard also revealed that there are over 2,000 delegates and over 87,000 UNI […]

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Ethereum: MetaMask hits 1 million users, Uniswap price tanks to $3

Ethereum: MetaMask hits 1 million users, Uniswap price tanks to $3

Ethereum wallet MetaMask records a 400% growth compared to 2019 and has hit 1 million users. Uniswap’s token UNI has registered a strong correction during last week despite strong fundamentals. The growth on Ethereum’s DeFi is evident in more than just its Total Value Locked (TVL). While this figure has reached an important milestone and […]

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