Decentralized Exchange News

2023-01-08 18:47:39 PancakeSwap Voting to Continue Deployment on Aptos

PancakeSwap is now the dominant DEX on both BNB Chain and Aptos. The community is voting now to continue the $CAKE protocol's multichain deployment. PancakeSwap quickly rose to become the top DEX on Aptos blockchain, and it appears the $CAKE-loving community is overwhelmingly in favor of continuing this multichain endeavor. PancakeSwap, which of course, is the dominant Decentralized Exchange (DEX) on BNB Chain, is currently holding a vote on a proposal to continue and build on the deployment to Aptos.The proposal notes PancakeSwap has 14 farms deployed on Aptos, with APRs consistent with or higher than offerings from other DEXes on Aptos.As for future plans for Aptos, the DEX chefs aim to attract more Aptos-based projects, enhance their own product offerings, and leverage its position on BNB Chain to attract Aptos projects to BNB Chain and vice versa -- with the goal of improving $CAKE burn.

@Uniswap_PancakeSwap Open / Comment

2023-01-07 21:42:00 MetaTdex becomes first decentralized exchange to obtain Dubai DMCC license

DMCC is an independent government organization, which exercises supervision and management functions on enterprises such as trade, operation, investment behavior, and financial products in accordance with the law. As the regulator of Dubai's banking, securities, foreign exchange, and other important parts of Dubai's financial system, DMCC is an important part of Dubai's financial system. DMCC's regulatory licenses are divided into three categories: trading licenses, service licenses, and industrial licenses. MetaTdex has obtained the trading license ( No.DMCC-870791 ), which means that it has obtained the authority to provide all encrypted digital asset exchange services in Dubai, including BTC(Bitcoin), ETH(Ether), USDT (USDT token), and more.

@Uniswap_PancakeSwap Open / Comment

2023-01-06 19:03:02 Despite Upstaging Uniswap’s TVL, Curve May Still Not be Largest DEX

Uniswap may have slipped from its standing as the largest decentralized exchange — depending how you define it. Curve Finance has surpassed Uniswap in terms of total value locked (TVL), according to data compiled by DeFiLama.TVL is calculated by compiling the number of staked assets on a given smart contract. The commonly referenced metric represents funds available to a protocol to exercise daily market function including spending and borrowing. The figure often skews toward volatility and is heavily affected by market conditions. Traders, as such, typically use TVL as one measure of many to evaluate the overall health of a protocol. Other indications include the number of unique active wallets on a protocol and its market capital (the decentralized equivalent of TradFi’s market capitalization). DappRadar data show that over the past 30 days, Uniswap V3 has an estimated 440,000 unique active wallets.

@Uniswap_PancakeSwap Open / Comment

2023-01-05 18:31:06 GMX Whale Wallet Phishing Attack Causing Damage $3.4 Million Worth Of GMX Tokens

A GMX whale lost $3.4 million in GMX, the native token of the decentralized trading system GMX, after falling for a phishing attack. On the open market, the tokens were subsequently sold. the attacker transferred GMX valued at around $3.4 million to a different address. Several members of the community saw unusual GMX token trades on January 3. The transactions were then identified as an exploit that stole $3.4 million worth of GMX tokens from a GMX whale by security companies CertiK and PeckShield. The phishing event was confirmed by the administrator of GMX’s Telegram channel, who also made it clear that there were no security issues with the GMX platform itself.

@Uniswap_PancakeSwap Open / Comment

2023-01-04 19:36:01 Uniswap Detected A Critical Vulnerability That Could Lead To Billions Of Dollar Loss

A critical vulnerability in Uniswap has been fixed that may have cost consumers billions of dollars.The Dedaub team was the first to recognize the re-entrancy issue that might have led to the misappropriation of consumer funds. The Uniswap development team was subsequently alerted. The Dedaub team was the first to identify the re-entrancy problem that may have resulted in the loss of customer monies. They then informed the Uniswap development group. The Dedaub team observed that this issue was established due to Uniswap’s decision to introduce the Universal Router, which combines NFTs and ERC-20 tokens into a single swap router. According to their analysis.

@Uniswap_PancakeSwap Open / Comment

2023-01-02 16:11:07 SushiSwap CEO proposes new tokenomics for liquidity, decentralization

Jared Grey, CEO of the decentralized exchange Sushiswap, has plans to redesign the tokenomics of the SUSHI token, according to a proposal introduced on Dec. 30 in the Sushi's forum.As part of the new proposed tokenomics model, time-lock tiers will be introduced for emission-based rewards, as well as a token burning mechanism and a liquidity lock for price support. The new tokenomics aims to boost liquidity and decentralization in the platform, along with strengthening "treasury reserves to ensure continual operation and development," noted Grey.

@Uniswap_PancakeSwap Open / Comment

2023-01-01 17:06:01 DEX aggregator OpenOcean enables cross-chain swaps across major networks

Decentralized exchange (DEX) aggregator OpenOcean has announced the rollout of its new interoperable “all-in-one” cross-chain swap platform, which allows users to swap and bridge assets across Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche and Fantom. OpenOcean said it has integrated Celer Bridge and the Multichain bridge within its platform to provide users with competitive rates across the supported chains. The DEX aggregator, which supports over 1,100 cryptocurrencies across multiple chains, seeks to offer competitive cross-chain swap returns based on various calculations including pricing structure, gas fees, slippage and different optimized trade routes. DEX aggregators are vital to the cryptocurrency ecosystem because they allow users to swap and bridge assets across multiple blockchain networks, which allows for more flexibility and interoperability within the space.

@Uniswap_PancakeSwap Open / Comment

2022-12-31 18:41:00 Katana DEX Will Launch A new Liquidity Mining With 11 Million RON

Katana, the DEX platform on Axie Infinity’s dedicated Ethereum sidechain Ronin, has announced a new liquidity mining strategy that will begin on January 1, 2023. The initial release of the RON in its new format will be halved, and the Katana program’s initial iteration will run from January 1st to March 31st. The team is also happy to reveal additional liquidity provider incentives that will be available in early Q1 as they move to new RON liquidity pools. They have chosen to implement these incentives rather than halting emissions on December 31st because the team believes this is the most effective way to ensure Katana has enough liquidity for the community to execute trades. This first iteration of program implementation will go from January 1st.

@Uniswap_PancakeSwap Open / Comment

2022-12-30 19:14:02 Uniswap: The Overall Transaction Volume In 2022 Will Surpass 620 Billion US Dollars

On December 29, Uniswap Labs stated on Twitter that the overall transaction volume of the decentralized trading platform’s 3 million independent wallets will top 620 billion US dollars in 2022, with 68 million transactions. This projection was made in light of the fact that the platform is expected to support 68 million transactions. Uniswap introduced a trading service platform that specializes in NFT aggregation. There are currently 4,007 users registered on the website, which has resulted in 5,135 sales and a total transaction volume of 2,656 ETH (about 3.3 million U.S. dollars).UNI continued to enjoy widespread popularity; nevertheless, market signs showed that investors should exercise caution because the situation may deteriorate in the days ahead.

@Uniswap_PancakeSwap Open / Comment

2022-12-29 19:14:00 Uniswap V3 was the most used Ethereum contract in 2022

Uniswap V3 has become the most popular Ethereum contract in 2022, ranking first when it comes to total gas used throughout the year. Uniswap V2 also saw 17% of its transactions reverted, the highest percentage out of all of the most popular Ethereum contracts.According to data from Dune Analytics, Uniswap V3 used up over 2.8 million gas in 2022. This is more than three times higher than the amount of gas consumed in Uniswap V2, showing that users have flocked en masse to the DEX’s newest iteration. Uniswap V2 also saw 17% of its transactions reverted, the highest percentage out of all of the most popular Ethereum contracts.

@Uniswap_PancakeSwap Open / Comment