Arbitrum’s decentralized exchange (DEX) transactions volume rose to a new all-time high (ATH) in each of the last two weeks, according to DeFillama data. Over the past seven days, DEX transactions increased 32.41% to $4.34 billion. For the week starting March 5, transaction volume on Arbitrum had surged to $3.28 billion. Arbitrum’s Weekly DEX Volume…
Despite its recent success, the journey for Blur to become the biggest NFT marketplace is far from over, and evaluating its current and future success is a complex matter. NFT marketplaces are currently embroiled in fierce competition for customers, with companies lowering their fees and royalties to entice and keep users. This competition has resulted…
Ad Uniswap Labs is encountering hurdles with Apple’s App Store over the release of its mobile wallet, even though its initial version was authorized in October. 1/ Introducing the Uniswap mobile wallet 🦄✨ A completely self-custodial, open-sourced mobile app from the most trusted name in DeFi. Now available as a limited early release – through…
Ad The proposal to deploy Uniswap V3 (UNI) to BNB Chain (BNB) was accepted by 65.89% yes votes on Feb. 10, even though Andreessen Horowitz (a16z) used 15 million votes to oppose it on Feb. 6. The results show that 65.89% agreed with the deployment, 33.57% voted against it, and another 0.53% abstained. ConsenSys, Compound…
Decentralized exchange (DEX) protocol CoW Swap confirmed that it was exploited for $166,000 by a hacker who drained a settlement contract containing its protocol fees. Meanwhile, blockchain analytical firm Nansen reported that the exploiter stole roughly $180,000 — the funds were consolidated in two wallets containing at least $123,000 DAI, $50,000 BNB and $7,400 ETH. The…
Andreessen Horowitz (a16z) voted against the deployment of decentralized exchange (DEX) Uniswap (UNI) on the BNB Chain via Wormhole. The crypto investment firm placed its 15 million UNI holdings against the proposal — making it the largest voting bloc among the 36 million votes cast at press time. A16z defends decision A16z said it does…
Squid, a cross-chain routing protocol powered by Axelar, has closed a $3.5 million seed round to build native-to-native cross-chain token swaps. The protocol will allow developers on 25 chains to swap tokens across blockchains natively. Axelar, the blockchain messaging network, supported the raise as a “strategic investment.” A Squid announcement said, “There are so many…
Some online are speculating that the rise in Canto price could be attributed to a spike in the volume of Note — the quasi-stablecoin issued by Canto and pegged to USDT/USDC. Recently, some Twitter users have started to speculate that the Layer-1 decentralized token could eventually face downward pressure due to its connection to Note,…
Members of the Sushi DAO have passed a proposal seeking to retrieve about 6.2 million SUSHI tokens to the Treasury, from early liquidity providers who are yet to claim their rewards. Back in 2020 when SushiSwap was launched, it rewarded early liquidity providers (LPs) with SUSHI tokens that were locked and vested over the period…
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