Common DeFi Marketplaces You Should know About

Decentralized Finance (DeFi) has been making headlines for the past year and has massively gained users and market capitalization. DeFi refers to financial services utilizing smart contracts. These contacts are automatically enforceable agreements that do not require an intermediary such as a bank but rely on blockchain technology instead.  Between December 2019 and now, the DeFi industry has grown from $700 million to $74.96 billion. It represents about 5.3% of the total crypto market space. Following that, this article will…

Top 5 DeFi Tokens to Invest in for the Long Term

The world of crypto is growing, and now people are eager to get in on the frenzy. Crypto stands for all cryptography applications, including DeFi, which mirrors traditional banking and financing concepts except on blockchain technology. The advent of DeFi tokens has caused a frenzy reminiscent of the booms of bitcoin and other cryptocurrencies in 2017. DeFi tokens have joined the race in disrupting traditional finance by allowing the following: lending and borrowing within a peer-to-peer network without any intermediaries,…

Uniswap vs. SushiSwap vs. PancakeSwap vs. MDEX

There is a quiet battle raging behind the scenes of the decentralized exchange (DEX) community. The recent surge in the decentralized finance (DeFi) sector has driven interest in DEXes to new heights. There are currently a variety of top-performing DEXes in the market. Each of these platforms introduces new features and services based on their technical structure. Here are the differences between four major contenders in the market - Uniswap vs. SushiSwap vs. PancakeSwap vs. MDEX. Uniswap Uniswap is the…

Uniswap v3 Prepared for Layer-two Scaling on Arbitrum and Optimism

The Uniswap community voted in support of launching the prime decentralized exchange's v3 iteration on layer-two scaling solution, Arbitron. Uniswap's inventor, Hayden Adams, announced the vote on May 27, disclosing the proposal's governance vote obtained d 41.35 million votes in favor and zero opposing votes from UNI token holders. Uniswap is now setting up layer-two implementation on both Arbitrum and Optimism. 1/ The @Uniswap community has spoken with overwhelming support in favor of an Arbitrum deployment of Uniswap v3! So…

Uniswap Version 3.0 Goes Live on Ethereum Making AMM more Versatile

Version 3.0 of Uniswap, an update that will render the automated market manufacturer far more appealing to cryptocurrency investors, is now live. The Uniswap protocol company announced version 3 in late March and has now been deployed into an Automatic Market Maker (AMM) amid an Ether crypto-bull run to all-time highs. ETH is the second-largest cryptocurrency and Ethereum's native token, where DeFi was born and is still thriving. Currently, the decentralized exchange, which got launched in Ethereum at the end…

DexMex Review: P2P Leverage Trading Now on Decentralized Exchanges

The increase in the adoption of cryptocurrencies has seen a rise in the number of cryptocurrency exchanges. Crypto exchanges allow traders to buy and sell cryptos at a fee seamlessly. These exchanges take different forms and can either be a market maker that accepts bid-ask spreads, accepting various forms of payment, including credit card payments, wire transfers, or even support cryptocurrency withdrawals. Crypto exchanges are categorized into two broad categories: centralized and decentralized exchanges. Decentralized exchange (DEX) operates in line…

Grayscale Investments Announces Exploration of New Crypto Investment Trusts

Leading digital-asset investment firm Grayscale Investments has announced that it is considering several crypto-assets for potential product offerings. This, according to the firm, is part of its aims to diversify its current product portfolio.  23 Cryptocurrencies Under Consideration Grayscale revealed this latest development in a press release on February 26, 2021. According to the report, the firm is currently exploring 23 crypto-assets to expand its current investment products for its clients.  Several top cryptocurrencies are included, including smart contract-based platforms…

8 Cryptocurrency Projects Crypto Investors Should Keep An Eye on

Bitcoin has just hit 55k+, and everyone is surprisingly curious about the crypto industry and suddenly craving to join in on the frenzy. If you have a glimpse of what's going on in the crypto-verse, you must or should have noticed that the crypto world is rapidly growing, and every other day new better options are introduced in the markets.  It all started with Bitcoin as the flagship crypto, and since then, thousands of new crypto assets have joined the…

The Total Value Locked (TVL) in DeFi Protocols Hits Record $27 Billion

The crypto space has been vibrant in the past 24 hours, with the recent pump of Dogecoin on everyone's lips. However, one sector that has gone below the radar is the DeFi sector, which has experienced a bullish increase.  At the time of writing, the total locked-In value in DeFi protocol has hit a record $27 billion. Looking at the data from DeFi Pulse, over $2billion was added into DeFi protocols 24 hours. The recent surge in the value of…

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