Fintec advisory firm Topaze Blue, in conjunction with Bancor, recently published a report about impermanent loss (IL) on Uniswap V3. They discovered that 49.5% of liquidity providers had suffered negative returns due to IL. The report said liquidity providers, during the analysis period, would have been better off if they just held their tokens. What…
Institutional crypto asset manager Grayscale has announced its new investment in two different digital assets: high-speed blockchain Solana and DeFi protocol Uniswap. This was contained in a recent release concerning its quarterly rebalancing of funds. Grayscale invest in Solana and Uniswap According to Grayscale, the rebalancing of funds would lead to the reduction of its…
Uniswap (UNI) has become the first decentralized finance (DeFi) trading platform to generate over $100 billion in volume, the protocol’s founder Hayden Adams announced today. 🦄 @Uniswap just became the first decentralized trading platform to process over $100b in volume – an exciting milestone for DeFi 🚀 pic.twitter.com/hUoM36aG6A — Hayden Adams 🦄 (@haydenzadams) February 15,…
Decentralized exchanges (DEX) seem to have technically met the trading experience offered by popular, high-profile crypto exchanges. DEXs to the rescue Thinking of trading a high amount of large-cap crypto? A decentralized exchange (DEX) might be a better bet than using the “centralized” alternative if slippage is a concern. DEXs, as they are popularly known,…
While the past week has been somewhat tumultuous, to put it mildly, for both crypto and stock markets, it looks like digital tokens related to decentralized exchanges (DEXs) are actually having a great time. The sector is in the green across the board as most DEX tokens are up anywhere between 1.3% and 317% over…
Even the ever-noisy crypto space has been overrun with comments about the Gamestop (GME) saga playing out in traditional finance. For those that don’t know, a quick recap: Gamestop, the video game retailer, was short over 140 percent of the stock’s float by large hedge funds expecting the stock to go down. Retail investors on…
“Altcoin season” may have begun as coins aside from Bitcoin and Ethereum take center stage, outperforming strongly against BTC and the U.S. dollar. Nearly every cryptocurrency in the top 100 by market capitalization is up in the past 24 hours, save for Tron (TRX), NEXO, stablecoins, and Siacoin (SC). Ethereum has also started to outpace…
DeFi was the hottest topic of the year in the 2020 crypto realm. It has ruffled feathers and disrupted the financial world as blockchain technology transcends simple value transfer to include other financial services. DeFi is a game-changer, innovation at the forefront, a promise, the next step to a global financial ecosystem where anyone, anywhere,…
Uniswap’s and Yearn.finance’s native coins, UNI and YFI, are finally moving higher after an extended slump. The two leading decentralized finance-focused coins are both up by over 10 percent in the past 24 hours as there has been positive technical and fundamental news for both. UNI and YFI are among the best-performing crypto assets of…
Hong Kong-based Crypto.com unveiled its rewards program for Uniswap and Polkadot, two premier DeFi projects, in an announcement earlier this week. Staking and passive earning are the currently-leading narratives of the burgeoning crypto space, opening up new usecases for the industry and newer tools for users. CeFi products like Crypto.com are not holding back from…