Latest Uniswap News

  • How BZRX Uniswap Listing Made One Trader $550K In 30 Mins
    How BZRX Uniswap Listing Made One Trader $550K In 30 Mins
    Yesterday BZX unlocked a certain portion of its public sale tokens.
  • DeFi ‘Incident’ on Uniswap Brings Trader Massive Profit in Minutes
    DeFi ‘Incident’ on Uniswap Brings Trader Massive Profit in Minutes
    A recently discovered ‘incident’ on the popular decentralized token swap platform Uniswap has sparked a discussion online, as some claim that an algorithm drove up the price of the bZx protocol’s BZRX token and then “dumped” it on retail users. The discussion today first started after Roman Storm, Founder of cybersecurity firm PepperSec, shared a tweet that
  • Uniswap’s Daily Volume Nudges $25M Despite Scam Token Concerns
    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
    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.
  • Users Surge but Just Five DeFi Projects Account For 94% of Locked Funds
    Users Surge but Just Five DeFi Projects Account For 94% of Locked Funds
    DeFi’s surging popularity has seen the sector grow to comprise 240,000 users and more than $2 billion in value. The total number of users engaged with decentralized finance (DeFi) protocols has increased by more than 140%, since exceeding six-figures for the first time in January. According to data published by Dune Analytics, the total number of DeFi users was just shy of 240,000 as of July 6 — increasing by more than 20% in the past month. The total value of capital locked up in DeFi protocols has also exceeded $2 billion just six months after breaking above $1 billion for the first time. Despite the surge in users, five projects account for the vast majority — roughly 94% — of capital locked up in DeFi DeFi users proliferate According to Dune Analytics, Uniswap and Kyber Network comprise the top DeFi pools by total number of users, having attracted more than 92,000 and 82,000 respective users in less than two years of operation.  While Kyber has grown by more than 130% this year, Uniswap has nearly quadrupled its user base since January. Compound also saw a significant spike over the past month, posting a 35% increase from 30,000 users to more than 40,000 over the past 30 days. Smaller projects have also seen exponential growth over the past month, with Balancer growing nearly 400%, from 1,700 to 8,350, and Curve increasing 160%, from nearly 2,200 to 5,700.  Over $2B now locked in DeFi The recent rush of new DeFi users has significantly expanded the sum of capital locked up in DeFi projects. Hype surrounding the recent launch of Compound’s governance token COMP has seen the protocol overtake MakerDAO (MKR) as the top DeFi project by locked assets with $673.4 million, according to DeFi Pulse. Maker ranks second with $604.3 million, followed by Synthetix with $333 million, Balancer with $158.8 million, and Aave with $155.8 million. Between them these five projects account for 94% of the total funds locked in DeFi.
  • What Is Yield Farming? The Rocket Fuel of DeFi, Explained
    What Is Yield Farming? The Rocket Fuel of DeFi, Explained
    If all these terms ("DeFi," "liquidity mining," "yield farming") are so much Greek to you, fear not.
  • DeFi’s ‘Agricultural Revolution’ Has Ethereum Users Turning to Decentralized Exchanges
    DeFi’s ‘Agricultural Revolution’ Has Ethereum Users Turning to Decentralized Exchanges
    Decentralized exchanges are seeing more action than ever thanks to a surge in decentralized finance activity.
  • ‘Sophisticated’ Hacker Plunders $450,000 From Defi Protocol Balancer
    ‘Sophisticated’ Hacker Plunders $450,000 From Defi Protocol Balancer
    Decentralized finance (Defi) protocol ​Balancer was on Sunday hacked for more than $450,000 worth of cryptocurrency.
  • Ampleforth Launches Liquidity Program to Target Uniswap 2.0
    Ampleforth Launches Liquidity Program to Target Uniswap 2.0
    Digital asset protocol releases incentive program to incentivize AMPL liquidity on Uniswap 2.0. Digital asset protocol Ampleforth announced the official launch of a new “Liquidity Incentive Program' on June 23'.
  • Following COMP’s Surge, DeFi Platform Balancer Begins Distribution of BAL Tokens
    Following COMP’s Surge, DeFi Platform Balancer Begins Distribution of BAL Tokens
    Balancer Labs, the maker of an automated portfolio management tool, has confirmed to CoinDesk it has begun distribution of its BAL token.