As Ethereum DeFi craze continues, Uniswap is processing over 100,000 transactions a dayBTC $11,875 (+1.9%) • ETH $396 (+1.4%) • XRP $0.296 (+2.8%)
In 2018 and 2019, decentralized exchanges (DEXs) on Ethereum were barely used. While hailed as the future, these platforms failed to garner much support from cryptocurrency traders, who then preferred the cost and time efficiency of centralized platforms. But over the past few months, as decentralized finance (DeFi) has gone parabolic, DEXs have become a popular product. So popular that Uniswap, the most popular Ethereum-based trading platform, has reported that it processes in excess of 100,000 transactions a day. More news ⏬Binance announces Yearn.finance listing; YFI price rockets to fresh highs
Yearn.finance has been seeing tremendous growth in recent times, with the total value locked (TVL) within the protocol reaching $150m while the YFI token price sees significant organic growth. Thanks to our premium sponsors⭐️ CryptoAltum - CryptoAltum is a leading trading platform with a special leaning towards digital assets. Its mission is to make crypto trading easy and accessible to everyone. ⭐️ XBTPro Exchange - $250 welcome bonus, zero fees on deposits, and very low trading fees. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. This American firm will custody Bitcoin donations for NGOs battling COVID
A Bitcoin nonprofit partnered with American custodian and security firm BitGo the past week to bring custody services to crypto donations, according to a release shared with CryptoSlate. Chainlink (LINK) trading volume briefly surpassed Bitcoin on Coinbase
Chainlink was the most traded cryptocurrency on Coinbase Pro on August 9, according to data by on-chain firm Messari. Ethereum and other top altcoins could soon surge yet again: here’s why
After consolidating for a number of days as Bitcoin pushed past $10,000 and $11,000 last week, the altcoin boom is back in full swing. Trump vs Biden, who’s better for Bitcoin and crypto?
Bitcoin’s regulatory scheme in the US will soon come into focus in the Presidential elections later this year. A detailed guide to staking ADA on Cardano to earn rewards
Cardano has finally transitioned to Shelley, this allows a fully decentralized network that is running and secured by users staked funds. Vitalik Buterin highlights the importance of EIP-1559 to Ethereum’s supply
There’s been much controversy over recent days over Ethereum’s supply. A $20m decentralized Chainlink (LINK) short was just liquidated on Aave
Chainlink (LINK) has been on an unstoppable rally over the past few days. Coinbase delays Ethereum Classic transactions after two 51% attacks
Coinbase will delay all Ethereum Classic (ETC) transactions after the network suffered two 51% attacks last week, with hackers stealing millions in ETC. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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