Decentralized Exchange dYdX Debuts Ether Perpetual Swaps

Perpetual swaps that track the price of ether (are coming to dYdX, the company announced Tuesday.

Decentralized Exchanges Are Building a Life Raft but Need a Bridge

Despite the significant growth of decentralized crypto exchanges, their centralized counterparts still control the majority of industry trade volume. Recently, crypto traders have shown a lot of enthusiasm for decentralized exchanges, or DEXs.

Decentralized Exchange Volumes Rose 174% in July, Topping $4.3B and Setting Second Straight Record

Uniswap reported 41% of July’s decentralized exchange volume.

Decentralized Exchange Bancor Officially Launches Upgraded V2 Platform

After months of work, Bancor V2 finally launches promising to improve the user experience for both traders and liquidity providers. The Bancor project has launched a heavily upgraded version of its decentralized exchange, promising to solve what it calls “DeFi’s dirty little secret.” According to a blog post released on Friday, the contracts have been deployed to mainnet in a beta launch mode.

Uniswap Volume Surges as Traders Praise DEX & DeFi Tandem

After going through a major protocol upgrade in May this year, Version 2 of the popular decentralized exchange (DEX) Uniswap is seeing sharply rising trading volumes, while traders discuss the pros and cons of DEX trading. Following Uniswap’s upgrade to its Version 2, the vast majority of trading now takes place on the upgraded protocol, with a 24-hour trading volume of

Aggregators Now Drive 20% of Ethereum DEX Volume

Messari estimates that 20% of Ethereum-based DEX volume is driven by DeFi aggregators. Crypto market data firm Messari estimates that 20% of all decentralized exchange (DEX) volume on Ethereum is routed via DEX aggregators. In a newsletter, Messari writes that “the 21st century is dominated by aggregators,” adding, “Amazon aggregates consumers and merchants.

Curve’s Daily Volume Increases 50x in Two Months

Decentralized exchange Curve has attracted record volumes after revealing plans for the retroactive distribution of its forthcoming governance token. Decentralized finance (DeFi) liquidity pools continue to surge in popularity, with the Curve Finance decentralized exchange (DEX) consistently hosting more than $60 million in daily volume for the first time this past week, according to Dune Analytics. With daily volume closer to $1 million at the start of June, the explosive hype surrounding yield farming propelled an increase in trade activity of more than 50 times in just two months. Curve daily trade volume: Dune Analytics Curve’s growth has seen the platform emerge as the second-largest decentralized exchange by trade volume, with Dune Analytics estimating that Curve represents 28% of combined weekly DEX volume with $531.1 million. A spike in volume above $148 million on July 25 saw Curve outperform Uniswap to briefly rank as the top decentralized exchange by trade activity. Curve unveils DAO roadmap Last month, Curve revealed plans to restructure into a decentralized autonomous organization (DAO) and issue a governance token.

Polyient Games Launches Avalanche-Based DEX for Collectibles

Polyient Games is launching a decentralized exchange for NFTs hosted on the Avalanche blockchain. Ava Labs, the development team behind the Avalanche blockchain has teamed up with non-fungible token (NFT)-focussed investment firm Polyient Games to launch a decentralized exchange (DEX) for crypto collectibles. Polyient’s NFT exchange will be powered by the Avalanche blockchain and will exist within the firm’s forthcoming Polyient Games Marketplace.

FTX to Launch ‘Scalable’ Decentralized Exchange in Weeks

Building on the Solana blockchain means the new platform's operations are less restricted than those on Ethereum, the firm says.

For Some Reason, Wash Trading Happens on Decentralized Exchanges Too

Wash trading is happening in some instances on Binance DEX and Loopring, showing that decentralized exchanges are not immune to volume inflation. Decentralized exchanges are generally liked for their transparency and lack of custody, reducing the trust requirements in their operators. Many centralized exchanges have been caught in a peculiar type of manipulation used to inflate their trading volumes.

July’s Decentralized Exchange Volumes Have Already Topped June’s Record, Reaching $1.6B

DEX trading volume already beat June's record, passing $1.6 billion as of Tuesday.

First Mover: Kyber Token’s Eightfold Increase Reveals Bet on Future Market-Share Growth

Prices for decentralized exchange Kyber's KNC token have jumped eightfold in 2020, outshining the performance of Binance's BNB coin.

Uniswap’s Daily Volume Nudges $25M Despite Scam Token Concerns

Uniswap’s daily volume has rallied to nearly $25 million despite the spotlight on imposter tokens trading on the exchange. Daily trade volume on the decentralized exchange (DEX) and liquidity pool Uniswap has rallied to $25 million on the back of a strong first day of trade for the digital asset protocol Ampleforth’s AMPL. ETH-AMPL currently comprises Uniswap’s top pairing by volume, with nearly $2.9 million in trade activity over the past 24 hours.

Fake Tokens on Uniswap Are Trying to Cash In on DeFi Hype

Uniswap appears to be plagued with scam tokens claiming affiliation with popular DeFi projects. Scam tokens are a growing problem on the decentralized exchange and liquidity pool Uniswap — owing to the protocol’s open listing policy. In recent days warnings have been issued about scam tokens targeting four of the most buzz-worthy decentralized finance (DeFi) projects including Curve Finance, 1inchExchange, Tornado.Cash, and dYdX. With any token able to be listed on the platform’s drop-down menu simply by making a GitHub request, the platform’s users are increasingly calling for more stringent vetting to be introduced.  Open listing policy leads to scam tokens Decentralized derivatives project Opium took to Twitter on July 7 to warn users that a scam token called Opium and trading under the ticker OPM had been listed on Uniswap despite the project not having a native token. The same day the Defiprime Twitter account noted a ‘DYDX’ token pool purporting association with the similarly tokenless DeFi protocol dYdX, along with a fake ‘Uniswap Community Token.’  A day earlier Tornado.Cash had reported that scammers were selling a fraudulent ‘TC’ token claiming affiliation to the project.

Gelato Gives Developers a New ‘Money Lego’ Tool for DeFi Applications

Decentralized exchange Gnosis will be the first major platform to integrate Gelato's audited v1 transaction automator for token swaps on Ethereum's mainnet.

Are You Independent Yet? Financial Self-Sovereignty and the Decentralized Exchange

“You own your money, but you have to be aware of the responsibilities of owning your own money.

DeFi exchange Curve is seeing explosive growth. Here’s why

Examining the growth one of yield farming's biggest winners, decentralized exchange Curve Finance.

Blockchain Bites: BlockFi’s Revenue, DEX Volume and a Wallet Bug

A federal appeals court effectively said blockchain data is not protected under the Fourth Amendment while decentralized exchange volume explodes.

Decentralized Exchange Volumes Up 70% in June, Pass $1.5B

June trading volume on decentralized exchanges set a record high of $1.52 billion, up 70% from May.

Is Mobile Decentralized Exchange Trading Riskier? Komodo's CTO Says Not Necessarily

Security for mobile decentralized exchange usage depends on several factors.

DeFi Hype: Balancer Sees 200% Increase Following Official BAL Token Deployment

Decentralized finance (DeFi) project Balancer Labs officially announced the launch of its native governance token BAL on the Ethereum mainnet, with the price of BAL tokens increasing significantly following the launch.  Balancer Follows Compound’s Lead The news of the BAL governance token launch was made by CEO and Co-founder of Balancer Labs, Fernando Martinelli, via […] The post DeFi Hype: Balancer Sees 200% Increase Following Official BAL Token Deployment appeared first on CryptoPotato.