Bitcoin (BTC) price has yet to recapture the $40,000 level and traders who were expecting a quick resumption of the uptrend may have been caught off guard by the recent pullback. This could have led to the liquidation of about $500 million worth of cryptocurrency futures positions in the past 24 hours. Over leveraged positions provide the necessary ammunition during the uptrend, but they become a liability when the trend reaches an inflection point. When the markets turn down, leveraged long positions quickly turn into a loss, resulting in margin calls from brokers. When the margin requirements are not met, …

On Jan. 11, Bitcoin saw a steep correction as it dropped to around $30,500. It began to recover swiftly after the initial correction, rallying above $36,000 in the next 24 hours that followed. DeFi tokens, including Synthetix (SNX), Maker (MKR), and Compound (COMP), outperformed the majority of the market. The primary reasons behind their performance are strong fundamentals for each project and improving market sentiment. Highly anticipated roadmaps DeFi tokens have generally performed well in recent weeks. Maker, for instance, surged by nearly 100% before the Jan. 11 correction alongside other large-cap cryptocurrencies. The market sentiment around DeFi has already …

Stanford Blockchain Club has become one of the largest delegates for the exchange Uniswap, overtaking a student group at rival California university UC Berkeley. The student-run blockchain club verified itself as a Uniswap delegate on Tuesday, having amassed 2,524,711 votes, according to Sybil, an Ethereum governance tool. That puts Stanford in the ninth spot, just ahead of UC Berkeley’s CalBlockchain with 2,524,711 votes. Verifying myself as a @UniswapProtocol #UNIDelegate on Sybil️https://t.co/aduPp8Jyvy addr:0xEFF506a32B55D5c19847c1a4F8510c00280c27E5 sig:0x28a199454657eb2b90d096e25d7c20797f93363dec360309ce7fe82954f7a5920772acc3f1b37bd9f234eafa2ace3daaa0e61ff58e739da72deba037a30b37bd1c — Stanford Blockchain Club (@StanfordCrypto) January 5, 2021 Dharma and EOA remain the two largest delegates, with over 15 million votes each. Uniswap’s top 10 delegates now …

With the crypto market making a crazy comeback this year, an increasing number of casual investors all over the world are beginning to understand the potential that blockchain technology possesses. For example, over the course of 2020, decentralized applications gained a remarkable amount of traction, with the total locked volume across all decentralized exchanges rising from under $40 million back in December 2019 to a whopping more than $26 billion within a span of just nine months. However, it’s important to understand the core concepts underlying decentralized finance, or DeFi, and decentralized applications, or DApps, as many routinely use the …

Leading decentralized exchange Uniswap has surpassed $50 billion in all-time trade volume, a major milestone for the DEX sector. On Dec. 15, Uniswap creator Hayden Adams tweeted data indicating the platform has processed a life-time volume of $51.7 billion across 26,000 unique trading pairs — equating to nearly $2 million per pairing on average. Looks like @UniswapProtocol passed $50b in all time volume last week. This is split across 26,000 unique trading pairs Just need to do this 19 more times to hit 1 trillion pic.twitter.com/P4eQTnX4Aq — Hayden Adams (@haydenzadams) December 14, 2020 If Uniswap were to maintain its recent …

Uniswap serves as a massive player in the decentralized finance, or DeFi, niche of the crypto space. Incognito, a blockchain focusing on crypto privacy, has reopened pUniswap, a way to participate on Uniswap privately. “Uniswap, Ethereum’s largest DEX, just went Incognito. Again,” Incognito announced in a blog post on Thursday. Aimed at enhancing the project, Incognito put pUniswap on hold back in September. Participating in the DeFi ecosystem often means interacting with the Ethereum blockchain, as many platforms operate on its network. That said, some folks value privacy. Without pUniswap, transactions on the DeFi exchange can be traced back to …

Just a few months ago, the global finance sector witnessed the meteoric rise of yield farming, which in large part helped to spur the growth of the decentralized finance domain. During Q3 2020 alone, the DeFi market ushered in significant growth for many stablecoins compatible with Ethereum (ETH), such as MakerDAO’s Dai. According to information released by crypto market data aggregator Messari, the overall supply of the Dai stablecoin increased by a mammoth 623% during Q3, propelling the token’s value above $1 for 120 days running. The report also goes on to add that 65% of Dai’s entire token supply …

The total value of assets locked in leading decentralized exchange Uniswap has plummeted by 38% in 24 hours amid the conclusion of its UNI liquidity rewards program on Nov. 17. Meanwhile, “vampire” clone SushiSwap has doubled its TVL and is aggressively pursuing additional liquidity. As of this writing, Uniswap’s TVL is down a total of 43% since posting an all-time high of $3.07 billion just three days ago. It now sits at $1.75 billion and is still falling. Following the sharp decline in Uniswap’s liquidity, token holders have embarked on the process of voting for a new governance proposal that …

The world’s largest decentralized exchange, Uniswap, has just conducted its first community call primarily to discuss which direction to take when UNI farming concludes on Nov.17. But the call ended with no clear direction from Uniswap, and no proposals submitted for extending UNI farming or launching new pools, so next week may well bring a lot of volatility to the space. Uniswap has been running four ETH-based liquidity pools since Sept. 17 that have been earning 583,333 UNI per week, per pool. The collateral injection of over $2.4 billion has propelled the DEX to the top of the DeFi list …

A clumsy trader claims to have “destroyed” his life after inadvertently paying $9,500 in fees for a $120 transaction on the decentralized exchange Uniswap. On Nov. 5, Reddit user u/ProudBitcoiner posted that he had accidentally paid 23.5172 Ether (ETH) for a single trade after getting the “Gas Limit” and “Gas Price” input boxes confused in the MetaMask wallet. “Metamask didn’t populate the ‘Gas Limit’ field with the correct amount in my previous transaction and that transaction failed, so I decided to change it manually in the next transaction, [...] but instead of typing 200,000 in ‘Gas Limit’ input field, I …

The high-risk environment around the decentralized finance space and hype for one of its latest offerings, SushiSwap, raises an analogy with a Japanese delicacy called fugu, or pufferfish, which is said to be more deadly than cyanide. Highly trained chefs have been serving up fugu in Japan’s top restaurants for decades, balancing the lives of their customers on the edges of their Yanagiba knives. Any slight error could fatally poison the diner. As such, the cryptocurrency community now also has a proverbial fugu of the DeFi world. In a short space of time, the carbon copy of the popular Uniswap …

What are the risks and limitations of AMMs? Bugs, improper pricing and impermanent loss Despite some positive qualities, AMMs present certain risks and limitations. Hacks and vulnerabilities have already affected exchanges such as Uniswap and Balancer, where some liquidity providers saw their money stolen due to complex smart contract interactions. On the other hand, traders are exposing their strategy for the world to see, enabling front-runners to get their orders in first and exploit legitimate users. Related: Figuring Out Who’s to Blame for DeFi’s Persistent Security Issues Automated market makers also cannot exist without traditional order book exchanges being relied …