DEXs Have Grown the Most as Competition Among Crypto Exchanges Intensifies: Chainalysis

Decentralized exchanges (DEX) have grown massively since 2019, while the number of active exchanges – whether centralized or decentralized – has dropped in the same time period, according to Chainalysis’ latest report. This finding, which the blockchain data firm published Tuesday, showed that as cryptocurrency exchange competition has intensified, the crypto market – especially large, […]

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What Is DeFi?

DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a […]

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GSR Turns Up DeFi Activity in Strategic Shift

Crypto market maker GSR is going big on decentralized finance (DeFi) after concluding that decentralized exchanges (DEXs) like Uniswap will prevail over the firm’s centralized partners. Head of DeFi Jake Dwyer told CoinDesk his unit is already moving $1 billion daily on Ethereum- and Solana-based DEXs. DeFi trades account for 20% of GSR’s daily activity; […]

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Uniswap

Uniswap (UNI) is the native token of the Uniswap decentralized exchange, a liquidity provider for the trading of tokens on the wider Ethereum network, also known as ERC-20 tokens. The Uniswap protocol is designed to be fully decentralized, using a trading model known as an automated liquidity protocol. That method gives users incentives to provide […]

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The Ethereum 2.0 Upgrade: A Race to Scalability – CoinCentral

With over 3,500 decentralized applications, Ethereum has established itself as the top choice for blockchain developers. However, a slew of competitors (new and old) are looking to capitalize on Ethereum’s growing pains– projects like Polkadot, Cardano, and Solana are eager to succeed where Ethereum has performed poorly.  If Ethereum wants to stay competitive, the Ethereum […]

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Ex-Employee Steals User Data From Derivatives Exchange Digitex – CoinDesk

Decentralized derivatives exchange Digitex has fallen victim to a significant data breach believed to have exposed the email addresses and possibly other information of more than 8,000 users. A former employee stole private information for more than 8,000 users, Christina Comben, who heads Digitex’s communications, said Friday. Comben told CoinDesk the exchange was “aware of […]

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