To understand technology adoption, users are encouraged to reflect on history. Looking back at the worldwide web in the mid-1990s, two factors became the lead-up to the world going digital. The first was the ability for users to understand the problems the internet could solve, and the second was the ease at which the mass market felt their transition from the old to the new was supported. Under these two factors, the world saw the internet go from a promising opportunity to the foundation of society and business today. In many respects, blockchain has demonstrated many similarities to the path …

Automated market maker and decentralized finance (DeFi) protocol Balancer has officially deployed on Optimism, the highly touted Ethereum layer-2 scaling solution, in a move designed to enhance user functionality by increasing scalability and reducing fees. Balancer’s Optimism deployment was carried out in conjunction with Beethoven X, a decentralized investment platform on the Fantom Network that forked from Balancer v2. Together, both teams are said to have developed a decentralized exchange that is set to compete in the Optimism ecosystem. Balancer Labs CEO Fernando Martinelli said his project's Optimism deployment reflects the belief that layer-2 scaling solutions will be effective in …

Decentralized exchange (DEX) Uniswap has topped $1 trillion in total trading volume since launching on Ethereum in late 2018. That comes from a relatively small user base, however, indicating that there is a lot of potential growth to come. According to data from Uniswap Labs, which are major contributors to the development of the protocol and ecosystem, the DEX’s number of cumulative addresses hit around 3.9 million this month after just over three years. The data was posted via Twitter on Tuesday, with the Uniswap Labs team noting that: “Over the past three years, the Protocol has Onboarded millions of …

Web3 has brought a lot of excitement into the industry, as evidenced by the nearly $50 billion market capitalization Web3 tokens have grown in recent years. The very ethos of Web3 is one of its most attractive traits. It is an ecosystem free from barriers or intermediaries, welcoming to anyone from anywhere and open anytime. However, there is one massive problem: There is no infrastructure within decentralized finance (DeFi) robust enough to execute these large orders in an entirely decentralized manner, as the use of centralized exchanges contradicts the decentralized nature of the decentralized autonomous organization, or DAO. Let’s unpack …

The success of the Ethereum network has been both a major step forward for DeFi and one backward for scalability. Now, widespread usage of decentralized apps (DApps) is growing with the hype of NFTs and the metaverse, resulting in a significant number of transactions and, therefore, increased processing times. Ethereum's struggle with scalability and high fees has led to tremendous growth in DApps, users and capital on alternate chains. Right now, according to on-chain analytics, alternate chains make up more than 45.2% of the total on-chain value. Forging the path forward is a number of solutions, varying from new networks …

Decentralized exchange (DEX) protocols have become a key part of the decentralized finance (DeFi) ecosystem where liquidity and liquidity providers play a pivotal role in keeping the vastly growing space moving. While DEX protocols have seen billions in daily trading volume, the liquidity market is making a gradual shift from traditional liquidity methods toward concentrated liquidity. Earlier liquidity was distributed uniformly along the price curve between zero and infinity while in the new system liquidity is allocated within a custom price range. For example, In the case of a stablecoin/stablecoin pair, a liquidity provider (LP) can decide to allocate capital …

The TON Foundation, an organization building on the Telegram-initiated blockchain project, The Open Network (TON), has chosen the TONcoin Fund as its official ecosystem fund. The TONcoin Fund announced on Monday the launch of an ecosystem fund focusing on supporting TON-based projects, securing an initial collective commitment of up to $250 million from major firms within the industry. The fund has earned the title of the TON Foundation’s official incubation partner, meaning that they will support the fund’s portfolio investments. The fund’s contributors included firms like Huobi Incubator, Kucoin Ventures, MEXC Pioneer Fund, 3Commas Capital, the blockchain startup Orbs, TON …

Exchanges have long been more than just trading platforms: they’ve been used for fundraising, marketing promotion, brand exposure and more. Cointelegraph talked to Katherine Deng, VP of MEXC and founder of MEXC Pioneer, about the true role crypto exchanges are playing in the current crypto market and what else they can be doing. When and how MEXC was launched? MEXC Global was founded in 2018. Every member of our founding team has world-class tech or investment background. We choose to operate in Asia because it is a promising market, and we value its potential. Reports show that Ethereum (ETH) has …

Solana (SOL) price reached $143.50 on April 2 after an incredible 82% rally over a 20 day period. This positive performance can be attributed to recent NFT markets-related news and a marketwide bounce, but the current 22.7% decline could have investors confused. The rally started after Coinbase Wallet added support for SOL and other Solana-based blockchain tokens on March 18. The crypto exchange also outlined plans to "further integrate" with Solana by connecting the Coinbase Wallet with the decentralized applications (DApps) and nonfungible tokens (NFTs) hosted on the network. The expectation of OpenSea's integration of the Solana network also excited …

When asked about wealth inequality, few can say they clearly understand how severe this gap is. For a more precise visual, consider that Elon Musk, reportedly the richest man on Earth, has a network that exceeds the gross domestic products (GDPs) of countries like Portugal, Pakistan and Finland. According to the UN, even a small fraction of his wealth, $6 billion, would save at the very least 42 million people who are on the brink of salvation. Although Musk is just one example, his wealth indicates one thing, a very extreme wealth gap that currently exists, leading many to wonder …

Cryptocurrencies were designed to lead a new era of global financial inclusion, providing people access to financial services that they would otherwise be unable to have. Through a simplified financial structure, individuals and businesses around the world are finally having their needs met, and this transformation is believed to reduce poverty, improve prosperity and transform how the world transacts on a large scale. Although freedom of money is the objective, the technology is still in its early stages of adoption. Therefore, it is the exchanges and infrastructure providers that now hold a pivotal role in providing an initial touchpoint for …

Blockchain is the technology that provides the conditions and premises to rethink governance by transferring all the power to communities. This is achieved through various consensus mechanisms available today. However, while many decentralized autonomous organizations (DAOs) tout their governance as an almost perfect one, the decision-making power is often in the hands of those who hold more native tokens. It happens that most DAOs end up having a governance structure similar to banks or corporations, even though they indeed may empower communities to a certain level. One blockchain project is seeking to find the perfect tune of decentralized governance. TheGreatReset.Finance …