Decentralized Exchange News

2022-10-07 22:02:50 WhiteBIT Has Added the Polygon Network to Its Decentralized Exchange WhiteSwap

WhiteSwap, a decentralized exchange that enables users to change contract code through self-governance, has announced that the Polygon network was added to the platform. Previously, the exchange only worked with Ethereum and Tron. This decision will speed up the transaction time and reduce its cost. In addition, with the connection to the Polygon network, WhiteSwap will be able to collaborate with blockchain projects whose tokens are made on Polygon. The WhiteSwap team also promises to increase TVL and the number of liquidity pairs.

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2022-10-07 00:03:04 SUSHI Jumps 14% After Asset Manager GoldenTree Reveals $5.3M Stake in SushiSwap

GoldenTree has around $50 billion in assets under management and said it had been “following SushiSwap for a while.” The asset managers recently launched their crypto-focused GoldenChain Asset Management division and said they were “psyched to be more active in all things Sushi.”. GoldenTree said it plans to focus on helping SushiSwap work on its tokenomics and general strategy, among other objectives. SushiSwap is a fork of another popular DEX, Uniswap, and was launched in 2020. GoldenTree’s disclosure comes just days after the DAO behind SushiSwap elected Jared Grey as the new “head chef,” or CEO.

@Uniswap_PancakeSwap Open / Comment

2022-10-05 22:00:04 Decentralized Exchange Token GMX Surges After Binance, FTX Listings

The token of the decentralized exchange GMX surged close to its all-time high Wednesday as Binance and FTX, two of the world’s most widely used crypto exchanges, announced plans to list the token. GMX jumped to as high as $60 from around $40, data on crypto price tracker CoinGecko shows, the highest since January, when the price hit $62. The token has since pared some of the gains, changing hands at $48 at press time. Trading volume soared, reaching $150 million in the last 24 hours, almost 20 times more than the previous day, CoinGecko data shows.

@Uniswap_PancakeSwap Open / Comment

2022-10-04 22:35:07 Citi Says Decentralized Crypto Exchanges Are Gaining Market Share From Centralized Peers

Decentralized cryptocurrency exchanges (DEXs) have grown faster than centralized exchanges (CEXs) over the past two years, Citigroup (C) said in a research report Thursday. The gap is likely to widen as users move away from centralized platforms to avoid their more onerous know-your-customer procedures. DEXs are blockchain-based apps that coordinate large-scale trading of digital assets between many users by using automated algorithms, instead of the traditional approach of acting as a financial intermediary between buyers and sellers. DEXs offer distributed revenue, like dividends, to token holders and the ability to self-custody funds, the report said. Once the trading rewards are included, these exchanges have comparatively lower fees than platforms such as Coinbase Pro, Citi added.

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2022-10-03 21:08:02 Sushi DAO votes Jared Grey as new 'Head Chef'

The Sushi DAO community has a new “Head Chef,” following the outcome of a governance vote. The vote began on September 26 and ended at 08:00 AM EST today with Jared Grey emerging as the winner. Grey was among five candidates for the Sushi chief executive (Head Chef”) position. Today’s vote could mark the end of the Sushi DAO leadership saga that has gone on for almost as long as the protocol has been in existence. It all began in September 2020, when the pseudonymous “Chef Nomi,” Sushi’s first Head Chef stepped down. This came after accusations that Nomi tried to “rug pull” SushiSwap users by siphoning over $14 million from the project. Chef Nomi later returned the funds as well as control of the SushiSwap,

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2022-10-02 21:55:07 Decentralized Exchange Transit Swap loses over $21M due to internal bug hack, issues apology

Transit Swap, a multi-chain decentralized exchange (DEX) aggregator, lost roughly $21 million after a hacker exploited an internal bug on a swap contract. Following the revelation, Transit Swap issued an apology to the users while efforts to track down and recover the stolen funds are underway. “We are deeply sorry,” stated Transit Swap while revealing that a bug in the code allowed a hacker to make away with an estimated $21 million. Blockchain investigator Peckshield narrowed down the attack to a compatibility issue or misplaced trust in the swap contract.

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2022-10-01 20:10:08 KyberSwap CEO predicts DeFi will overtake TradFi in 10 years

KyberSwap CEO Victor Tran predicted onstage that decentralized finance (DeFi) will overtake TradFi in 10 years. On top of that, KyberSwap will also be the most used decentralized exchange (DEX) because of its innate ability to provide the best rates in all of DeFi. Speaking on the panel “Decentralized Exchanges: The Road Ahead” along with co-founders from 1inch Network and Mantra, Tran declared that consumers in the future will value privacy and control, especially considering developments around the world today.

@Uniswap_PancakeSwap Open / Comment

2022-09-30 15:05:01 Uniswap seeks $100-$200M in funding at $1B valuation

A host of companies have been expanding their reigns in the crypto-verse of late. Right from offering new products to acquiring funding and branching out—different organizations have been treading on different paths with the same goal. In the latest development, Uniswap plans to expand its already existing reigns. Per a recent report from TechCrunch, Uniswap Labs is in the “early stages” of putting together a new funding round. It is reportedly engaging with a number of investors—including Polychain and one of Singapore’s sovereign funds—to raise an equity round of $100 million to $200 million at a valuation of about $1 billion.

@Uniswap_PancakeSwap Open / Comment

2022-09-29 16:57:53 1 MORE DAY TO @AffynOfficial BIG UNVEILS!!! This is one of the most severely undervalued projects that I believe will become the Number 1 blockchain Metaverse in the entire industry.

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2022-09-28 21:45:00 Uniswap Spikes 15%, but DeFi TVL Drops Below $100 Billion

Almost the entire crypto market was trading in the green on Tuesday, thanks to Bitcoin climbing back above the psychological $20k mark. The cumulative value of all cryptos stood above $970 billion at press time, roughly 4% higher when compared to yesterday. Overall, there were only 5 tokens that managed to fetch their investors with double-digit gains on the daily chart. Tokens from the Terra ecosystem have been quite volatile of late. Their prices have mostly been moving in tandem with Do-Kwon-related announcements, and resultantly, they occupied the first two spots.

@Uniswap_PancakeSwap Open / Comment