Category: DEX

Tokenized Bitcoin On Ethereum Crosses $11 Billion Notional, WBTC Commands 76% Of Circulating Supply

According to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects,…

Despite Negative Press, Binance Is Still The World’s Largest Crypto Spot And Derivatives Exchange

While Binance has had a few issues with payment service providers and regulators from a few countries, the centralized cryptocurrency exchange is still the largest trading platform in terms of…

Shapeshift To Dissolve Corporate Model, Platform Airdrops FOX Tokens To Community Of Users

Founded on July 1, 2014, Shapeshift has been offering global trading of a variety of digital assets for seven years. Following the company’s recent anniversary, it announced Shapeshift is evolving…

Shibaswap Dex Captures $1.5 Billion Locked In 2 Days, SHIB Platform Bumps ETH Fees Higher

The crypto asset shiba inu (SHIB) now has a decentralized exchange (dex) platform called Shibaswap and since the trading protocol’s launch, the dex has $1.55 billion total value locked (TVL).…

Decentralized Exchange Volumes Double Overnight — A Look At The Top 3 Dex Platforms In 2021

As crypto markets saw some recovery on Tuesday, decentralized finance tokens and applications have once again started swelling in value. Decentralized exchange (dex) trade volumes have increased a great deal,…

Billionaire Mark Cuban Commends Defi Economy Dubbing It The ‘Next Great Growth Engine’

On June 13, the billionaire investor and co-host of the television series Shark Tank, Mark Cuban, explained his fascination with decentralized finance (defi) in an editorial published to his blog.…

Defi Economy Is Recovering Faster Than Most Crypto Assets After Market Rout

Decentralized finance (defi) exchanges and tokens are recovering a lot faster than a great number of digital assets that lost more than 40% in value last week. Defi tokens like…

There’s Close To 300,000 Bitcoin-Pegged Tokens Hosted On ETH And BSC, Value Exceeds $12 Billion

For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied…