Crypto market data firm Messari estimates that 20% of all decentralized exchange (DEX) volume on Ethereum is routed via DEX aggregators. In a newsletter, Messari writes that “the 21st century is dominated by aggregators,” adding, “Amazon aggregates consumers and merchants. Uber aggregates riders and drivers. Netflix aggregates viewers and content. The list goes on.” With “the first attempts at aggregation in DeFi” beginning to take shape, Messari states that many of the sector’s aggregators “are seeing early product-market-fit” and will be able to capture significant value as the DeFi ecosystem grows. DeFi aggregators emerge as gatekeepers Messari describes decentralized finance …

Decentralized finance (DeFi) liquidity pools continue to surge in popularity, with the Curve Finance decentralized exchange (DEX) consistently hosting more than $60 million in daily volume for the first time this past week, according to Dune Analytics. With daily volume closer to $1 million at the start of June, the explosive hype surrounding yield farming propelled an increase in trade activity of more than 50 times in just two months. Curve daily trade volume: Dune Analytics Curve’s growth has seen the platform emerge as the second-largest decentralized exchange by trade volume, with Dune Analytics estimating that Curve represents 28% of …

Ava Labs, the development team behind the Avalanche blockchain has teamed up with non-fungible token (NFT)-focused investment firm Polyient Games to launch a decentralized exchange (DEX) for crypto collectibles. Polyient’s NFT exchange will be powered by the Avalanche blockchain and will exist within the firm’s forthcoming Polyient Games Marketplace. The exchange is slated to host exclusive NFT auctions and peer-to-peer trading, with plans for “more liquid NFT trading products” and “NFT-adjacent tokens” in the future. Polyient’s native utility and rewards token, PGFK Particles (XPGPs), will be used to power the exchange. It will be the base currency for all NFT …

Decentralized exchanges are generally liked for their transparency and lack of custody, reducing the trust requirements in their operators. Many centralized exchanges have been caught in a peculiar type of manipulation used to inflate their trading volumes. This was first highlighted by the Bitwise Report released in March 2019, which analyzed trading patterns on some of the platforms to conclude that up to 95% of reported Bitcoin trading volume at the time was essentially fake. One of the ways to inflate volume is the practice of wash trading, where a single entity acts as both the maker and taker of …

Daily trade volume on the decentralized exchange (DEX) and liquidity pool Uniswap has rallied to $25 million on the back of a strong first day of trade for the digital asset protocol Ampleforth’s AMPL. ETH-AMPL currently comprises Uniswap’s top pairing by volume, with nearly $2.9 million in trade activity over the past 24 hours. The past day comprises the second-strongest on record for Uniswap V2, however, the first incarnation of the exchange has seen brief spikes into the hundreds of millions three times in the past 12 months. Uniswap is quickly emerging as a leading DEX, with rivals Kyber Network …

The founders of the Vega Protocol believe that the concept of order book-based decentralized exchanges is not quite dead yet. A key component of their quest to reinvigorate the concept was announced on Wednesday as a research paper. Titled “Market-Based Mechanisms for Incentivising Exchange Liquidity Provision,” the paper devises a method to overhaul the market making mechanism commonly found in centralized exchanges. Cointelegraph spoke with Barney Mannerings and Tamlyn Rudolph, Vega’s co-founders, to learn more about their plans. Incentivizing liquidity in a sustainable way In traditional markets and centralized cryptocurrency exchanges, liquidity is often boosted through negotiated market making services. …

Using a decentralized exchange, or DEX, on a mobile device does not necessarily make for greater hacking risk, according to Kadan Stadelmann, CTO of blockchain platform Komodo. "I don’t think that the risk to a mobile DEX is necessarily higher than that of a DEX accessed through another medium," Stadelmann told Cointelegraph. "The risk would vary depending on the user’s device, OS [operating system], version, etc.," he added. DEX built on Komodo Constructed on Komodo's network, AtomicDEX is a decentralized exchange working with multiple blockchains, in contrast to other DEXs that only host tokens based on one chain. The DEX …

Decentralized exchange (DEX) tokens’ year-to-date returns are more than five times that of their centralized counterparts according to the latest DeFi report by cryptocurrency research platform Messari. DEX tokens have increased on average 241% so far this year while centralized exchange tokens have only increased by 44%. And that’s not including some recent upswings. The report said that Kyber’s token (KNC) was leading the charge with an increase of more than 420%, however after the report was published, KNC nearly doubled in price and LRC increase by 46%, while the top centralized exchange tokens have reduced on average. DEX tokens …

Ledger, a producer of cryptocurrency hardware wallets, announced today that its users can now connect their devices to the DeversiFi decentralized exchange, or DEX. Hardware wallets + DeFi As a result of this integration, Ledger has become one of the first hardware wallet makers to step into the space of decentralized finance, or DeFi. Its users now have the ability to trade cryptocurrencies, confirm transactions, and sign messages directly from their devices — all while retaining the control over their private keys. Although DEXs are generally considered more reliable than their custodial counterparts, that greater security tends to come at …

The DeversiFi decentralized exchange, or DEX, relaunched as DeversiFi 2.0 on June 3, incorporating Starkware’s zkSTARK layer-2 scaling technology. This new platform will be able to process over 9,000 transactions per second, while maintaining privacy, liquidity and low fees in a non-custodial solution. Zero Knowledge Proof Batch Validation Starkware’s layer-2 solution utilizes Zero Knowledge Proof, or ZKP, technology to bring scalability to non-custodial trading. It achieves this by processing trades in batches and then submitting a single proof for each batch. This consumes a small fraction of the Ethereum blockchain resources that standard on-chain processing would require. Starkware President Eli …

Telos announced on May 26 that Transledger will use its blockchain technology to power an interoperability platform enabling cryptocurrencies to move between blockchains. The Transledger platform aims to bring improvements to peer-to-peer applications like decentralized exchanges (DEXs), along with enabling management of coins like Bitcoin (BTC) with faster and more powerful smart contract features. Technology brings benefits to decentralized exchanges Transledger enables coins including Bitcoin and Ether (ETH) to move between blockchains while keeping their value, using proxy tokens on Telos as a medium of exchange. This allows these coins to take advantage of Telos smart contracts and half-second transaction …

The second iteration of the Ethereum decentralized exchange Uniswap V2 exchange was launched on May 18, which follows a March 23 announcement that placed its launch in Q2 2020. A blog post written by the Uniswap team details the steps taken to transition to the new platform. Uniswap V1 will continue to exist as it cannot be shutdown like, for example, the old version of MakerDAO. Nevertheless, the team has set up an interface to migrate liquidity from V1 to V2. The platform relies on users committing capital in liquidity pools, whose size defines the slippage amount during trades. Bigger …