As the Ethereum network progresses along the slow, steady path toward Ethereum 2.0 and the full transition to proof-of-stake, layer-two solutions have arisen as the best solution to the current challenges associated with high gas fees and network congestion. One layer-two solution that has emerged as a top choice for decentralied finance projects and traders is Polygon, which over the past week, has seen its price of its MATIC token climb toward new highs due to a surge in activity on its QuickSwap decentralized exchange (DEX). Data from Cointelegraph Markets and TradingView shows that after hitting a low of $0.34 …

Uniswap decentralized exchange and its governance token, UNI, have been defying all expectations in recent months, with the world’s largest DEX recently recording cumulative transaction totals exceeding the $10-billion threshold. What’s more, it is estimated that Uniswap’s 24-hour trade volume currently lies somewhere around the $2.3-billion range. Uniswap CEO Hayden Adams has been tweeting about the milestone recently and has even released an accompanying chart showcasing a 25.7% weekly increase in Uniswap’s weekly trade volumes. It’s worth noting that if the platform is able to keep up its current in/outflow pace, it will be able to process a whopping $500 …

Decentralized exchange Balancer and decentralized finance platform Gnosis have announced today a planned integration dubbed the Balancer-Gnosis-Protocol, a collaboration that will combine Balancer’s v2 pool mechanisms with Gnosis’s DEX aggregation and batch auctions designed to mitigate miner extractable value, or MEV. Balancer’s v2, which is currently live for developer testing, was announced in February and boasts a host of new features: All liquidity will be pooled into a single vault for gas efficiency, unused liquidity will be put to work on lending platform Aave for additional yield, and users will be able to build their own automated market makers with …

The overall cryptocurrency market saw a second day of gains on Tuesday after the weekend sell-off proved to be a good buying opportunity for retail and institutional investors. Lower gas fees following the Ethereum network’s Berlin upgrade along with an increase in institutional buying and decentralized finance activity lifted the price of Ether to a new all-time high at $2,680. Data from Cointelegraph Markets and TradingView shows that Bitcoin (BTC) climbed above $54,000 in the early trading hours on Tuesday, and bulls are now aiming to break through the $55,000 resistance level for a possible rally to $58,000. With Ether …

MetaMask, the Ethereum wallet service and browser extension, has recorded 5 million monthly active users for the first time — marking a major milestone in the growth of decentralized applications. The sharp increase in adoption came just six months after MetaMask registered its first cumulative 1 million active users. Since October 2020, the service platform has grown five times, highlighting the continued strength of the cryptocurrency bull market. The following chart, courtesy of MetaMask developer ConsenSys, highlights the exponential growth of the wallet service over the past six months: Interestingly, MetaMask adoption has surged in the so-called “global south” — …

Mainstream adoption of cryptocurrency continues to reach new highs in 2021 thanks to the growth of popular sectors like decentralized finance (DeFi) and nonfungible tokens (NFTs). The explosive growth seen over the past year would not have been possible without the Ethereum network, which saw the price of Ether (ETH) break out to a new all-time high on April 27 following the successful launch of the "Berlin" upgrade on April 15. Data from Cointelegraph Markets and TradingView shows that the price of Ether has rallied 27% over the past five days from a low of $2,107 on April 25 to …

Decentralized exchange aggregator 1inch launched its wallet on Apple iOS Tuesday, allowing users to swap tokens on their mobile devices. The new wallet brings all the advantages of the 1inch Network to mobile users, allowing traders to instantly swap tokens at lower rates. The iOS wallet also supports so-called "stealth transactions" within the Ethereum network. Stealth transactions ensure that trades are hidden from third parties, which 1inch claims can reduce the risk of front-running. Crediting Binance Smart Chain for 1inch Network's recent expansion, protocol founder Sergej Kunz said, “1inch users can now easily switch between BSC and Ethereum, looking for …

Decentralized finance (DeFi) has reshaped the face of the cryptocurrency market over the past year, attracting the attention of both institutional investors and retail traders alike as the traditional financial sector continues to warm up to blockchain technology. While the majority of the largest DeFi protocols that have a significant amount of volume and value locked in the platform operate on the Ethereum network, high fees and slower transaction times have allowed projects like Serum, a decentralized exchange (DEX) that operates on the Solana blockchain, to rise in popularity and gain market share. Data from Cointelegraph Markets and TradingView shows …

Cryptocurrency investors breathed a sigh of relief on April 26 as the sharp reversal in the price of Bitcoin (BTC) was accompanied by a marketwide recovery that has a majority of altcoins seeing green. It's likely that the breakout was aided by bullish assessments from JPMorgan Chase analysts and PayPal's announcement that demand for purchasing cryptocurrencies had surpassed expectations. Data from Cointelegraph Markets and TradingView shows that after bouncing off a low near $47,000, Bitcoin roared back above the $50,000 support level and climbed above $53,500, while Ether (ETH) reclaimed $2,500. Last week’s market pullback did little to slow the …

Recently, layer-one solutions like Solana and Cosmos have grown in prominence thanks to each network's faster transaction times and lower fees when compared with the Ethereum network. An even greater focus has fallen on layer-two solutions that can help Ethereum keep up with the competition as it continues its process of switching to proof-of-stake. One project that has seen a steady rise in user activity and transactions over the past two months is Polygon, a platform for Ethereum scaling and infrastructure development. Data from Cointelegraph Markets and TradingView shows that since hitting a low of $0.26 as the market sold …

Decentralized finance (DeFi) started 2021 by taking the cryptocurrency sector by storm and helping to kick the bull market cycle into high gear as traders capitalized on ways to easily trade cryptocurrencies and earn high yields on their hodl stacks. Eventually, high fees on the Ethereum (ETH) network and a few sharp market sell-offs helped contribute to a pullback in token prices and DeFi transactions beginning in late February, but that trend appears to have reversed over the past week as activity on decentralized exchanges is once again on the rise. As seen in the chart above, decentralized exchange (DEX) …

Free TON is a multi-blockchain platform that can handle thousands of transactions per second thanks to its dynamic sharding mechanisms, which create new shards as needed. As a result, it is the fastest blockchain available, according to developers. Despite that, the Free TON blockchain is still in the early stages of attracting DApp developers to its platform. Even with its scalability, an important task at this stage is to bring more liquidity to the platform. To do that, developers have announced the launch of Wrapped TON, a tradable TIP-3 token built on its native TON Crystal token. With the ability …