Decentralized Exchange News

2022-09-27 20:56:00 Decentralized Exchange Krypton Raises $7M From Framework Ventures, Samsung Next

Krypton, a new decentralized exchange—which shares a name similar to that of the home planet of a certain "Man of Steel"—announced today a seed round raise of $7 million in investment led by venture capital company Framework Ventures. Other investors joining in the seven-figure raise are Samsung Next, HashKey Capital, Finality Capital Partners, Foresight Ventures, GSR, and MEXC. A decentralized exchange or DEX is a platform where people can conduct peer-to-peer cryptocurrency trades.

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2022-09-26 21:02:54 Uniswap Foundation to Distribute $1.8 Million in Grants to 14 Recipients

The Uniswap Foundation (UF), the group behind the decentralized exchange (dex) Uniswap, announced the first wave of foundation grants on Wednesday as it plans to distribute $1.8 million total, awarded across 14 grants. The UF announcement details that a touch more than $800K will be awarded to Uniswap Diamond, a project being constructed by GFX Labs. On September 21, the Uniswap Foundation announced the first wave of grants that aims to bolster the decentralized finance (defi) ecosystem and progress research and development.

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2022-09-25 20:53:00 PancakeSwap coin is comfortably the most searched unknown crypto asset right now

It’s been a turbulent time for cryptocurrency. Economic uncertainty has caused serious volatility surrounding the prices of the most established cryptocurrencies. Bitcoin’s value has fallen over 43% in the year to date (YTD), while Ethereum has followed a similar path, experiencing a 43% YTD decline too. PancakeSwap coin was ranked as comfortably the most popular lesser-known crypto asset right now. Global search volume was 1.4 million for PancakeSwap (CAKE). The main reason it is garnering search volume is because of its recent launch as a new decentralised crypto exchange.

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2022-09-23 21:16:01 Leading BNB Chain DEX PancakeSwap Plans Multichain Expansion

The redirection of $CAKE for the DEX’s multichain expansion goals is necessary to ensure a fast-tracked expansion process which will be aided by having a “war chest” of $CAKE from a designated Multichain Farm Emissions allocation, the proposal states. According to PancakeSwap, the proposed redirection will not harm its already established success on BNB Chain, where it has a Total Value Locked (TVL) of $2.8 billion, which accounts for 54.4% of BNB Chain’s overall TVL. On how the Multichain Farm Emissions is designed to function, PancakeSwap said that it intends to select trading pairs with the most TVL, user growth, and potential to incentivize with CAKE.

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2022-09-22 21:26:37 Uniswap Diamond Gets Largest Portion of Foundation’s First $1.8M Grant

Uniswap Diamond becomes the single-largest recipient of the Uniswap's first wave of grants, with the project set to receive $808,752 of the total $1.8 million. Uniswap Foundation just announced its first wave of grants, totaling $1.8 million. The single largest recipient in the first wave of grants is the Uniswap Diamond, which will receive $808,725 across 3 disbursements. A total of 14 participants will receive the grants in this round, Uniswap Foundation added.

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2022-09-21 19:30:08 PancakeSwap DEX Domination Might Be Bad for BNB Chain

Today, Centralized Exchanges (CEXs) like Binance dominate cryptocurrency trading activity, although Decentralized Exchanges (DEXs) like PancakeSwap on BNB Chain are gaining popularity. DEXs enable peer-to-peer trading by employing automated smart contracts to execute transactions without intermediaries. Not all DEXs, however, use the same underlying infrastructure. While some people prefer traditional order book models, others prefer emergent liquidity protocols. As a result, developers are creating new aggregation methods to solve the disjointed liquidity inherent in DEXs and exchange and liquidity protocols.

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2022-09-20 20:01:23 Trust Wallet and PancakeSwap Disconnecting Errors

Trust Wallet is a cryptocurrency wallet that supports various cryptos. The wallet was released in 2017. It supports over 4.5 million assets and more than 65 blockchains. The wallet has various characteristics, one of which is its user-friendly UI, which draws a lot of newcomers. Since its inception, it has gathered over 25 million customers. PancakeSwap is a popular exchange on the Binance Smart Chain. Users have flocked to it as a dependable substitute for other large decentralized exchanges (DEX). Users who are trying to connect PancakeSwp and Trust Wallet end up with some disconnecting issues. This can be quite annoying at times when users need to execute an important trade. Read ahead to find the root cause and a solution to that error.

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2022-09-19 21:39:02 ApeSwap Launches ‘Zap’ Functionality to Improve Speed, Cost for Users

The new Zap functionality will let users access ApeSwap products just by holding any single token on BNB Chain or Polygon. ApeSwap, a prominent Decentralized Exchange (DEX) on BNB Chain, announced the launch of “Zap” functionality on Sept. 13. According to ApeSwap, the new feature was launched as part of its effort toward bettering the user experience for the products in its Decentralized Finance (DeFi) suite. Essentially, Zap is intended to make it faster and cheaper for users to go from holding any single token on BNB or Polygon to using ApeSwap’s services. According to the blog post, the feature can be used in three different ways, which the DEX intends to roll out in stages in the coming weeks.

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2022-09-18 22:29:03 GMX DEX Reportedly Suffers $565,000 Exploit

Decentralized exchange (DEX) GMX allegedly experiences price manipulation on the AVAX/USD pair in key exchanges. Open interest in AVAX long perpetual futures has accordingly been capped at $2 million, while open interest in AVAX short perpetual futures has been limited to $1 million. Perpetual futures are a type of open futures contract without a settlement date. GMX offers spot and perpetual futures, with more than $342 million locked up on Arbitrum, a layer-two ETH solution, and $67 million on Avalanche’s blockchain. GMX is a decentralized exchange that offers a low fee for perpetual futures and spot trading. It runs on Arbitrum and Avalanche. It allows users to borrow up to 30x their initial margin to amp up futures betting.

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2022-09-17 20:25:02 Sushi DAO Holds Election for Chief Executive

The decentralized organization behind crypto exchange SushiSwap is tapping its next chief executive. Instead of having insiders interview and select a candidate, the DeFi platform’s “head chef” will be elected by holders of the protocol’s native SUSHI token following a public campaign. The election represents a grand experiment in corporate governance and the viability of decentralized business models. But the nomination process has been mired in controversy and comes as Sushi struggles to keep its treasury afloat.

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