Following its merger into the Yearn ecosystem, SushiSwap has been making significant inroads into the market share of leading decentralized exchange Uniswap. On Jan. 29, Messari researcher Mira Christanto tweeted data illustrating that Uniswap’s share of the Automated Market Maker sector has declined as Sushi’s share expanded from mid-December until last week. Christanto asserts the Yearn merger has given Sushi a newfound legitimacy, allowing the project to move past criticism of the project that launched in August as a clone of Uniswap and secured TVL early on via a so-called “vampire” liquidity attack. In November, Sushi attracted further liquidity away …

The number of projects adopting layer-two solutions for Ethereum’s scaling woes is increasing, with LuaSwap rolling out a new, TomoChain-based exchange engine yesterday. The change will enable the Uniswap inspired exchange to perform token swaps with greater speed and efficiency than many rival Automated Market Maker ERC-20 exchanges. 1/ #LuaSwap version on @TomoChainANN blockchain is live, entirely open to all $TOMO and Ethereum projects Users can now experience another $LUA version with: ✔️ Super speed ✔️ Near-zero gas fees ✔️ No network congestion Details: https://t.co/Be8claDkgT — LuaSwap (@LuaSwap) January 27, 2021 While LuaSwap remains an Ethereum-based application, transactions related to …

How can I join DeFi liquidity pools? The exact procedure for joining DeFi liquidity pools varies according to the platform. In general, one would need to set up an account on the platform of choice and then connect an Ethereum wallet such as MetaMask or other Web 3.0 wallets from the homepage. After that, tokens can be deposited into the relevant liquidity pool. On platforms, such as Uniswap, one would need to search for a specific pair they want to provide liquidity to and then connect the wallet. After checking the returns, such as the pool ratio and the exchange …

Uniswap’s decentralized exchange has emerged as one of the critical pieces in the decentralized finance sector, with the DEX benefiting from the first-mover advantage after it became the go-to exchange for new projects and traders in 2020. In late 2020, 400 UNI tokens were distributed to all wallet addresses that previously provided liquidity on the platform at at its peak thhe impromptu airdrop was worth north of $3,500. By late October of 2020 the DeFi market has sold-off sharply and this pinned UNI price below the $4.00 mark for weeks but since the start of 2021, UNI token has gained …

Today Bitcoin (BTC) price continued to face selling pressure in the $32,500 to $33,000 resistance cluster and this led to a mild 3% to 5% pull back from most altcoins. Despite the recent revelation that BlackRock, the world’s largest asset manager, has given the green light for two of its funds to invest in Bitcoin futures, BTC price still struggles to gain momentum above the $33,000 level. Meanwhile, the DeFi sector continues to flourish as Venus (XVS) and Fantom (FTM) saw their prices increase 23% overnight and the total value locked in DeFi protocols currently stands at $25.77 billion. Following …

The past year has been a crazy journey for the blockchain industry. Between the crippling effects of the COVID-19 pandemic across various sectors and Bitcoin’s marathon bull run, the year has been great for some and catastrophic for many. Decentralized finance is at the epicenter of most of the hype surrounding blockchain today. From the rise of mainstream decentralized exchanges to the overwhelming demand for liquidity mining, DeFi hasn’t just raised a lot of dust — it’s brought billions of dollars onto blockchains. On June 15, DeFi platform Compound started distributing its COMP token to users, handing governance control of …

Bitcoin (BTC) price tumbled more than 10% today to hit a low near $31,000 and at the time of writing it looks like the sell-off has a bit further to go. In a weekly report from crypto fund provider, CoinShares, some institutional investors seem to be booking profits and the analysts also cited the strengthening (trade-weighted) U.S. dollar. Another indicator that points to professionals selling Bitcoin is the drop in "Coinbase Premium." As markets continue lower, an increasing number of investors may dump their positions with the intent to buy again at lower levels. Guggenheim Partners chief investment officer Scott …

A recent report from CoinMetrics suggests that when a new altseason starts it will play out in a way that is vastly different from the market of 2017-2018. According to the authors of the report, the arrival of institutional investors and their interest in Bitcoin (BTC) and Ether (ETH) has fundamentally shifted the cryptocurrency market landscape. Tokens with real world utility, Layer 2 technology or attractive staking ecosystems will outperform the large cap tokens from pre-2017. Bitcoin and Ethereum dominate but L2 tokens will catch up Institutional inflows firmly established Bitcoin and Ethereum as the chosen Layer 1 (L1) blockchains …

Leading decentralized exchange, or DEX, platform Uniswap continues to lead the sector as it nears an average of $1 billion a day trading volume for the month of January. Only two-thirds of the way into the month and the platform has already surpassed the previous monthly trade volume record of $15.3 billion set in September during the DeFi boom. The DEX passed $17 billion as of this morning and is on track to surpass $25 billion by the end of January with a daily average of $855 million. Uniswap traders are spoilt for choice with 1,558 coins traded in more …

Polkastarter (POLS) is a cross-chain token pool and auction protocol built on the Polkadot (DOT) blockchain. It launched in October of 2020 as a way for projects to raise capital in a decentralized environment and since January the token has rallied 500% to a new high at $1.78. Three possible reasons for the recent growth of POLS are the strong rally seen from Polkadot, strategic partnerships and exchange listings and an expanding list of token launches via auctions. The rise of Polkadot The rising popularity of the Polkadot network is arguably the most significant influencer on the price of POLS. …

Unsiwap creator Hayden Adams has taken to crypto-twitter to source feedback on how the DEX should allocate its $500 million governance treasury. With Uniswap’s native UNI token currently trading at $9.30 after rallying to break its previous all-time high of $7.10 last week, the vested share of Uniswap’s warchest is now valued at more than half a billion dollars. “What are some of the most impactful ways governance can allocate this UNI?” Adams asked the community. ~$500M worth of UNI has already vested to the Uniswap governance community treasury out of $4b total (based on current price) What are some …

A crypto platform is positioning itself as a central hub for DeFi trading and market analysis — with its ecosystem offering powerful aggregation that delivers up-to-the-minute data and helps users capitalize on the latest movements in decentralized finance. DEXTools enhances Uniswap, one of the world’s biggest decentralized exchanges, by offering a pool explorer that enables investors to discover new trading pairs. As well as showcasing promising new projects, this tool also highlights high-risk scams. A pair explorer also enables users to check real-time analytics, while the Wallet Info tool allows addresses to be tracked and followed. The app recently unveiled …