Decentralized Exchange News

2022-08-17 21:02:42 Uniswap’s voting system is unfairly favoring the richest token holders

Wealth equals power, especially when it comes to decentralized exchange (“DEX”) governance, and Uniswap serves as a prime example. Unlike a “one person, one vote” democracy, Uniswap’s wealth-based vote weighting system allows the rich to consistently overpower the majority of users. Due to this plutocratic system, a governance process that’s supposed to be decentralized has become overwhelmingly centralized, and many within Uniswap’s large user base have begun to voice their concern.

@Uniswap_PancakeSwap Open / Comment

2022-08-16 21:52:57 Uniswap Labs COO MC Lader on the incentives behind DeFi

Crypto lending and financial services companies have been at the forefront of the industry’s latest controversies ever since the collapse of the Terra stablecoin, with many drawing parallels between the web3 financial system and the broader markets in 2008. But not all protocols are created equal, and many that have sustained steep losses in the aftermath of that fiasco are centralized entities that indeed operate similarly to traditional market-makers.

@Uniswap_PancakeSwap Open / Comment

2022-08-16 10:49:13 @ChartsSignalsTrading just posted their Trading Report For July 2022 with a whooping profit of 1019 %

Join their FREE trading channel: @ChartsSignalsTrading

Total Trades: 60
Target reached: 56
Stop-loss: 4
Open trades: 0 Open / Comment

2022-08-15 16:55:17 Uniswap Volume Hit 2022 Low Sinking More Than $24 Billion

Uniswap saw a further decline in trading volume during the seventh month of the year due to decreased investor interest in digital assets. Uniswap reached a new low in July as the month proved to be one of the worse periods in the trading history of the decentralized exchange (DEX). The DEX recorded about $37.8 billion in volume during the first month of the third quarter of 2022.

@Uniswap_PancakeSwap Open / Comment

2022-08-14 17:42:12 KuCoin Wallet Integrates 1inch For Implementing Native Swap Function

Cryptocurrency exchange KuCoin has entered into a partnership with the 1inch DeFi data aggregator protocol to enable native swaps for its global users at the lowest prices across all decentralized exchange platforms. 1inch Network is a DEX aggregator that analyzes blockchain data in search of the most favorable swap and transfer conditions using the Pathfinder algorithm. With its dynamic pricing, stop-loss and trailing stop orders, as well as a host of other functions, 1inch is considered to be the leading DeFi solution in decentralized space.

@Uniswap_PancakeSwap Open / Comment

2022-08-13 22:08:01 PancakeSwap was $7.3 billion, a 34% drop from the $11 billion recorded in transactions volume in June

According to the report, in July, the total volume of transactions completed on PancakeSwap was $7.3 billion, a 34% drop from the $11 billion recorded in transactions volume in June. In addition, in July, the DEX's unique traders and onsite users also dropped by 9% and 18%, respectively. A look at PancakeSwap’s weekly scheduled token burns shows that about 27 million CAKE tokens were burned in July. This is a part of the DEX’s deflationary mechanism to control the supply of its CAKE token and support its price. The amount of CAKE tokens burned in July is about 15% of the total circulating supply.

@Uniswap_PancakeSwap Open / Comment

2022-08-12 21:58:01 Crypto Exchange Binance Freezes $450,000 From Curve Finance Hack

Binance CEO Changpeng Zhao took to Twitter today to announce that the crypto exchange had managed to freeze a hefty portion of stolen funds from Curve Finance. “Binance froze/recovered (sic) $450k of the Curve stolen funds, representing 83%+ of the hack,” tweeted Zhao. “We are working with [law enforcement] to return the funds to the users. The hacker kept on sending the funds to Binance in different ways, thinking we can't catch it.”

@Uniswap_PancakeSwap Open / Comment

2022-07-25 17:34:01 Uniswap [UNI] becomes leading DeFi DEX

The recent crypto credit crisis has shown the resilience of DeFi protocols as opposed to centralized lenders. Among those is Uniswap which has managed to stay afloat in these intense market conditions.Uniswap took big blows during the recent crypto winter much akin to the broader crypto industry. But it has started to grow during the current relief period with promising data at hand. More recently, it was found that the market share of Uniswap in relation to Coinbase has approached a 50/50 split.

@Uniswap_PancakeSwap Open / Comment

2022-07-24 17:05:02 Uniswap Will Offer “Full Sudoswap Support”

Today Uniswap’s head of NFT products, Scott Lewis, posted a tweet stating that Uniswap will be launching NFTs “with full Sudoswap support.” An image attached to the post showed that the Sudoswap integration was already underway, with “pool data already flowing in.” The protocol announced in June that it had acquired Genie, a market aggregation platform for NFTs. Instead of hosting NFTs on its own platform, Uniswap plans on giving users the ability to access NFTs from multiple marketplaces all from one spot.

@Uniswap_PancakeSwap Open / Comment

2022-07-23 16:36:28 dYdX V4 Full Decentralization Will Make its Token More Valuable

dYdX introduced the dYdX chain, a new Cosmos SDK-based blockchain; the sovereign network is required to meet the protocol’s goal of releasing a completely decentralized V4 network. On the Layer-2 StarkEx network, the dYdX protocol runs a derivatives exchange. The hybrid-decentralized exchange, cleverly called after the mathematical notation, offers perpetual futures (perp) contracts identical to those found on Binance, FTX, and other centralized exchanges.

@Uniswap_PancakeSwap Open / Comment