Decentralized Exchange news-Page 19
IoTeX ‘MachineFi’ rebrand backs 200%+ rally to a new all-time high
In the past 30 years the growth of the internet and digital technology has transformed the way the world operates and today artificial intelligence and machine learning continue to shift the balance of power away from physical labor and more toward a future filled with automation and smart technology. IoTeX (IOTX), a blockchain-based project focused on Internet of Things (IoT) devices and the future of machine learning in the workforce, aims to design an open ecosystem that facilitates interaction between people and machines and over the past month the projects IOTX token has rallied more than 200%. Data from Cointelegraph …
Nft / Nov. 16, 2021
DeFi traders cry foul after only 0.015% of active ParaSwap wallets receive PSP tokens
Airdrops are once again back in style following the recent five-figure token drop from the Ethereum Name Service protocol that kicked off a flurry of protocol engagements from hopeful crypto enthusiasts looking to get in on the next "crypto stimulus check." Paraswap is the most recent project to reward early adopters, despite their early October statement that the project no intention of conducting an airdrop. The decentralized exchange aggregator designed to help decentralized finance traders and decentralized applications find the best rates currently available in the market. ParaSwap is not planning any airdrop — ParaSwap (@paraswap) October 1, 2021 This …
Markets / Nov. 15, 2021
For fairer IDOs, decentralized VC incubator turns to point-based participation
A decentralized venture capital organization is overhauling its oversubscribed IDO launchpad, betting that a point system will build a fairer token sale platform. DuckDAO’s core open-to-all approach to early-stage investing was running into a common problem stymieing initial token sales held on decentralized exchanges (DEXs): There’s such a thing as too open, at least when it comes to IDOs. Once initial DEX offerings (IDOs) proved to be a viable and less expensive alternative to the initial exchange offerings (IEOs) run by centralized exchanges — which offer expert assistance, marketing solutions, and the credibility of trustworthy vetting in exchange for a …
Blockchain / Nov. 15, 2021
Limit order protocols offer more flexibility and efficiency to DEX traders
As decentralized exchanges (DEXs) evolve, their functionalities become more and more advanced, often matching those of centralized exchanges (CEXs). One such functionality is the ability to place limit orders, which offers more flexibility and efficiency to DEX traders. This article looks at the existing limit order features and their prospective implementations. Unlike a market order, which is executed immediately at the last market price with potential slippage, a limit order is executed at a predefined price as soon as it is reached. Market orders are used by default in all automated market maker-based DEXs. They are simple and straightforward for …
Decentralization / Nov. 13, 2021
'We'll see about 200 chains connected through Cosmos' IBC next year', says Tendermint CEO Peng Zhong
Ever since the launch of the inter-blockchain communications, or IBC, protocol in March, which enabled the communication and transfer of digital assets across different blockchains, development activity seems to have picked up pace on the Cosmos (ATOM) network. Transaction volumes, the creation of decentralized applications, and the number of chains connected via IBC have all been trending upwards in recent months. Speakers at the Cosmoverse Conference, which took place last week, presented many of the latest technologies under development on the blockchain. Its biggest-ever hackathon will also take place in Lisbon tomorrow. #HackAtomVI is trending in the dev community! 1000+ …
Decentralization / Nov. 10, 2021
‘In the next three to five years, the DeFi industry will grow massively,’ says 1inch Network co-founder Anton Bukov
It’s only been two years since its founding, but decentralized exchange (DEX) protocol 1inch Network has already surpassed $85.8 billion in cumulative trading volume. At a May 2019 hackathon in New York City, 1inch co-founders Anton Bukov and Sergej Kunz developed a prototype DEX aggregator that became the basis of the network. DEX aggregators are platforms that source liquidity from multiple DEXs, thereby providing better token swap rates with less slippage. The network has a 57.40% market share in the DEX aggregator industry and well over 820,000 users. According to CoinMarketCap, 1inch Exchange is the eighth-largest DEX in the world, …
Decentralization / Nov. 9, 2021
DeFi tokens see double-digit gains as Ethereum and Bitcoin chase new highs
Momentum in the cryptocurrency market is back on the rise on Nov. 8 after a solid rally from Bitcoin (BTC) placed the price back above $66,000 and Ether hit a new all-time high at $4,793. The gains from the largest two cryptocurrencies helped to kickstart a market-wide rally that lifted the total cryptocurrency market cap above $3 trillion for the first time. Unlike previous rallies where BTC would make significant gains at the expense of the altcoin market, this time a majority of tokens in the top 200 are likewise in the green with many projects seeing double-digit gains. Data …
Bitcoin / Nov. 8, 2021
Cosmoverse Conference 2021 kicks off in Lisbon
The team behind interoperable blockchain network Cosmos (ATOM) recently hosted the Cosmoverse Conference live from Lisbon, Portugal. ‍‍Cosmonauts, #Cosmoverse it’s LIVE! This event is 100% from the community to the community, and we are proud to have our Cosmos Hub Community Pool as the main sponsor! Tune now to the livestream and prepare yourself to dive into cosmos’s wonders https://t.co/OzyD3bSdqB pic.twitter.com/QFXHu5l3B6 — Cosmos - Internet of Blockchains ⚛️ (@cosmos) November 5, 2021 Kicking off the two-day event, Zaki Manian, co-founder of Decentralized finance, or DeFi, project Sommel and former lead developer at Cosmos and Tendermint (Cosmos network's core contributor), discussed …
Technology / Nov. 5, 2021
THORSwap hammers home the point: Aligned incentives are a crypto superpower
THORChain hasn’t had an easy year. After three exploits in the space of a month during the summer the protocol’s native token (RUNE) took a beating, plummeting from all-time highs over $20.00 in May to a low of around $3.50 in late July. Billed as a way to exchange crypto assets across different blockchains without an intermediary, the protocol disabled swaps completely as it looked to harden the network against exploits. With the relaunch of Ethereum swaps in late October, however, THORChain’s recovery was virtually complete — and the price of RUNE was within striking distance of the $20.00 mark …
Decentralization / Nov. 5, 2021
'Privacy-preserving computing is the future,' says Secret Network's Guy Zyskind after Quentin Tarantino NFT drop
On Nov. 2, award-winning writer and director Quentin Tarantino announced he would auction off seven uncut scenes from Pulp Fiction as nonfungible tokens, or NFTs, built on the Secret Network (SCRT). The digitized assets will include the first uncut scripts of the movie, as well as secrets about the film and its creators. While the NFTs will feature public metadata, acting as a sort of front cover of the underlying digitized asset, only the NFT owner will have access to the never before seen content — a unique feature of the Secret Network. Regarding the drop, Tarantino said "Secret Network …
Decentralization / Nov. 4, 2021
Illuvium, LCX and Tokemak hit new highs as Bitcoin dominance lingers
During bull markets, altcoins tend to accrue gains when Bitcoin price consolidates and at they run in tandem with BTC price during breakouts. This dynamic appears to be at play today because multiple altcoins went parabolic at the same time that BTC made a run at $64,000 and Ether (ETH) hit a new all-time high above $4,500. According to data from Messari, 31 tokens have established new record-highs in the past 24-hours and the total cryptocurrency market cap increased from $2.619 trillion to $2.732 trillion overnight. Let's take a closer look at the motivating factors behind the rallies in LCX …
Nft / Nov. 2, 2021
Blockchain tech firms AllianceBlock and Flare integrate technologies to expand their DeFi ecosystems
AllianceBlock, a blockchain tech firm that seeks to bridge the gap between decentralized finance, or DeFi, and traditional finance, announced a partnership with fellow blockchain tech entity Flare. Flare claims its layer-one, or blockchain protocol improvement, technology can bring smart contracts to cryptocurrencies such as XRP (XRP), Dogecoin (DOGE), Bitcoin (BTC), Algorand, and Stellar Lumens (XLM). In addition, Flare is also a decentralized oracle network, which seeks to enable blockchains to access real-world data in smart contract execution. Meanwhile, AllianceBlock brings to the table its cross-chain interoperability solution AllianceBridge, its native decentralized exchange, or DEX, known as AllianceBlock DEX, decentralized …
Adoption / Nov. 2, 2021