SushiSwap (SUSHI) prices crept higher on Sept. 16 following another day of gains for decentralized exchange (DEX) tokens. The SUSHI/USD exchange rate rose by 7.54%, or $1.14, to reach $16.31 for the first time since May 21. The pair's upside move pushed its 24-hour adjusted timeframe profits up to 23%, making SUSHI the best-performing DEX token in the given period. For instance, UNI, the token representing the leading DEX Uniswap by market cap, jumped 6.23% against the U.S. dollar in the previous 24 hours. Meanwhile, PancakeSwap (CAKE) rose 2.5%, THORChain (RUNE) climbed circa 13%, and Curve (CRV) inched higher by …

The nonfungible token (NFT) sector has seen an explosion of interest all throughout 2021 and the month of August witnessed record-breaking trading volumes as one-of-a-kind digital collectibles sold for prices in excess of $1 million dollars on a regular basis. As is usually the case in the cryptocurrency ecosystem, hot sectors can cool down in the span of mere hours or days and this appears to be the case for the NFT sector. According to data from Dune Analytics, the total volume of NFTs traded on the top NFT marketplaces has seen a significant decline since Sept. 2 and the …

Lattice Exchange, an automated market maker for the decentralized finance (DeFi) market, has launched a new product that allows cryptocurrency entrepreneurs to list their tokens and for users to participate in early-stage projects more seamlessly. Dubbed Lattice Launchpad, the new platform is described as a “one-stop shop for blockchain entrepreneurs” to get their projects recognized by the community. Users can participate in private sales by staking LTX, the native cryptocurrency of Lattice Exchange. LTX holders also have the opportunity to participate in the governance of newly listed projects. All projects are funded through Ether (ETH) or stablecoins Tether (USDT) and …

Demand for Aave has boomed dramatically in the previous 24 hours as traders assessed its involvement in Bitwise Investment’s upcoming institutionally focused investment vehicle. The San Francisco-based asset management firm announced Wednesday that it would invest directly in Aave to back its “Bitwise Aave Fund,” a fund created to build a bridge between accredited investors and the emerging decentralized finance (DeFi) sector. “There is growing demand from financial advisors, hedge funds, institutions, and other professional investors for exposure to the fast-growing DeFi markets,” Matt Hougan, chief information officer of Bitwise, said in a press release, adding that the investment products …

Synthetix (SNX) spiked to its three-week high on Monday in reaction to a market-wide upside correction led by Bitcoin (BTC) and other top-cap digital assets. The Synthetix project’s native token reached $9.59 after rising four days in a row by up to 50%. That included a sharp 18.29% upswing in the previous daily session, sparked by Bitcoin’s climb above its key resistance level of $35,000. Altcoins tend to tail the flagship digital asset’s price trends. But more factors were in play during SNX’s comparatively higher price boom. Its jump appeared as speculators returned to bet bullishly on the overall decentralized …

Choppy markets after a major pullback offer ample time to take a survey of the cryptocurrency landscape and find solid projects with improving fundamentals that have caught the attention of analysts and tokenholders. One project that has piqued the interest of many, including researchers at Delphi Digital, is Curve Finance, a decentralized exchange for stablecoins that focuses on providing on-chain liquidity using advanced bonding curves. Three reasons why Curve DAO Token (CRV) is attracting the attention of analysts include attractive yields offered to tokenholders who participate in staking, competition for CRV deposits on multiple decentralized finance (DeFi) platforms and healthy …

Nonfungible tokens (NFTs) took the world by storm in March and April of this year with an onslaught of daily headlines about record-breaking sales and big-name companies dropping their own one-of-a-kind digital art pieces dominating the mainstream media. Fast forward a few months and the narrative has shifted to the 'NFT bubble' popping and doom and gloomers warning that NFT investors are on the verge of losing all of their money. The rapidly declining prices and activity on the top NFT marketplaces have prompted many to speculate on the death of the nonfungible token space despite the well-known cyclical nature …

This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin. While the price action from Dogecoin (DOGE) has dominated the headlines in recent weeks, Delphi Digital has been chronicling the growth of the DeFi ecosystem on the Ethereum (ETH) network which has steadily been gaining strength over the past month. According to Delphi Digital researchers, while the majority of growth occurred on Ethereum-based DeFi platforms, protocols …

Real-world adoption and the ability to service the needs of a wide range of industries are key qualities to have for blockchain projects that seek long-term viability in an increasingly crowded and evolving landscape. One cryptocurrency project from 2016 that has seen its price breakout to new highs in May is Waves (WAVES), a multi-faceted blockchain protocol that has seen significant growth in 2021 thanks to recent strides in decentralized finance (DeFi), nonfungible tokens (NFT) and real-world adoption. Data from Tradingview shows that after hitting a low of $12.22 on April 25, the price of Waves has swelled more than …

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 …

Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to the emerging asset class. While environmental concerns and the cost to reward debate rages on, there is one group of cryptocurrency projects that has the goal of bringing blockchain technology to the global energy grids as a way to encourage renewable energy generation through a flexible marketplace that connects energy buyers and sellers. Three energy-focused …

Global developments over the past year have reshaped all aspects of daily life for most people and initiated some structural changes in how society operates. Lockdowns and travel restrictions have led to the rise of remote working and altered the way people make use of their free time. The coronavirus pandemic essentially shut down travel and this has had a direct impact on most entertainment hubs around the world. Gambling destinations like Las Vegas and Macau were pulverized by the pandemic and most of the world's most popular sporting events were halted or took place without spectators being present. The …