On May 6, 2021, the total locked value (TVL) held by decentralized finance (defi) is more than $77 billion. Much of this money is used by decentralized exchange (dex) platforms and liquidity pools. With dex platforms capturing over $2 billion in trade volume daily and $18 billion during the last seven days, a project called […]
Category: Sushiswap
Shapeshift Reveals Platform Supports Unwrapped Swaps via Thorchain With No KYC
Just recently, Shapeshift founder and CEO Erik Voorhees published a blog post about a new project called Thorchain, a protocol that allows for decentralized exchanges without wrapping or bridging technology commonly used today. Thorchain launched on April 13, 2021, and the Shapeshift founder recently revealed his company is first to leverage the multi-chain protocol in […]
SushiSwap launches margin trading with long-awaited Kashi release
SushiSwap wants to offer a wider net of margin assets than independent DeFi lending platforms.
Chasing Liquidity Pools: Crypto Assets and Defi Apps Can Give Yields Up to 400% Annually
While cryptocurrency markets have been red hot and gaining in value, demand for certain assets and liquidity has grown massive. At the same time, a myriad of crypto proponents are chasing significant returns by hunting for liquidity pools with colossal yields. These days certain decentralized finance (defi) applications can give a yearly ROI upwards of […]
Coinbase effect and strong fundamentals send Polygon (MATIC) and Skale higher
The explosive rally from Skale and Polygon proves that the Coinbase effect continues to be a potent price mover for small and large-cap altcoins.
Ethereum gas fees drop as daily DEX and DeFi volumes decline
Ethereum fees have pulled back from their recent highs alongside a decline in DeFi transaction volumes but the rise of NFTs could push transaction costs back to new highs.
All you can eat: SushiSwap deploys contracts on five new networks
Top decentralized exchanges are exploring alternatives to Ethereum amid high gas prices, with SushiSwap porting its platform onto five additional networks.
Matic, xDAI (STAKE) and Loopring (LRC) rally as Ethereum gas fees rise
Soaring Etheruem gas costs are driving investors and protocols to take a closer look at layer-2 solutions like Matic, Loopring and xDai.
Here are 6 DEX tokens that have seen exponential growth in 2021
These DEX tokens are quietly accruing triple-digit gains as the total value locked in DeFi reaches new highs each week.
DEX volumes have already surpassed $120b in 2021
DEX trading volumes on Ethereum hit $63 billion in January, smashing the sector’s previous record of $28 billion.