Decentralized Exchange News

2022-12-08 19:52:01 Bitcoin Family Says They Are Moving $1M in Crypto to Decentralized Exchanges After FTX Collapse

In October 2017, Netherlands native Didi Taihuttu and his family sold all their valuable belongings and their house for bitcoin. The decision paid off and the Taihuttu family has traveled all around the world and recently moved to the island of Phuket. On Nov. 30, the 44-year-old Didi Taihuttu told CNBC that after storing crypto in cold storage, centralized exchange (cex) platforms, and decentralized exchange (dex) protocols for years, the Dutch family has decided to proactively transfer $1 million in digital assets to dex protocols in order to have more control via self-custody.Just over five years ago, Bitcoin.com News reported on the Taihuttu family after they decided to sell their home, children’s toys, and vehicles so they can accumulate bitcoin (BTC). On Wednesday, the patriarch of the family, Didi Taihuttu, spoke with CNBC and explained that the family is moving $1 million in crypto assets to dex protocols following the FTX collapse.

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2022-12-07 20:03:02 Hashflow partners with Wormhole for cheaper cross-chain crypto swaps

Decentralized exchange (DEX) platform Hashflow has partnered with Wormhole, a crypto bridge service, to enable users to swap crypto tokens across several blockchain networks, according to an announcement issued on Wednesday. Crypto bridges are protocols used to send tokens from one blockchain network to another. Hashflow says its partnership with Wormhole will make native cross-chain crypto swaps cheaper for users. The DEX platform currently supports swaps across six Layer 1 and Layer 2 chains. These include Ethereum, Avalanche, Optimism, and Arbitrum.

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2022-12-06 22:25:00 SushiSwap proposes to direct 100% of xSUSHI revenue to treasury wallet

SushiSwap Head Chef Jared Grey stated the project was running out of funds. Decentralized exchange SushiSwap is discussing a new proposal to direct all of the fees paid to xSushi holders into its treasury wallet for a year to provide financing for its operations. The proposal comes at a time when SushiSwap, under new management, is attempting to turn around its declining fortunes. New Head Chef Jared Grey is trying to make the project profitable again and increase its runway — which he said has been reduced to just 1.5 years. Sushi’s operational viability, requiring an immediate remedy,” Grey said.

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2022-12-05 22:14:01 1inch tokens worth over $100 million set to be unlocked by Dec. 30

1inch, a decentralized exchange aggregator, is about to experience a massive unlock that will see tokens currently worth $111 million released from their vesting schedule, according to data from TokenUnlocks. The DEX aggregator launched its native token in December 2020. Only 6% of the total supply was released then, with the remaining tokens locked in a four-year vesting schedule ending in December 2024. Tokens were initially distributed among entities including the core team, investors, advisors and the community, as with other DeFi projects.

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2022-12-04 21:41:00 UNI Surges After “Fee Switch” Vote is Proposed

Uniswap’s UNI token jumped over 7% on Dec. 2 after a governance proposal calling for a vote to reserve a portion of trading fees was posted. the post on Uniswap’s governance forum doesn’t explicitly specify a plan for what will happen to the retained fees. Of course, that’s not stopping people from buying UNI — DeFi enthusiasts have long speculated that holders of the UNI token will one day be eligible to receive some portion of the fees charged on Uniswap trades — with the token pumping, it’s clear that at least some investors believe the proposal is a step towards providing some sort of yield to UNI holders. regulatory concerns associated with sharing protocol revenue with UNI holders.

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2022-12-03 23:03:01 Top decentralized exchange Uniswap launches an NFT marketplace aggregator

Uniswap Labs, the developer behind the top decentralized exchange Uniswap, has announced the launch of its own nonfungible token (NFT) marketplace aggregator in an effort to break the separation between cryptocurrency exchanges and NFT markets. The new offering – which has been under development since Uniswap acquired the NFT trading aggregator Genie back in June – will aggregate NFTs that are listed for sale on the top marketplaces including OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation and NFT20.

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2022-12-02 23:03:00 1INCH Price Tumbles as Investors Reportedly Offload $8 Million Worth of Tokens

The chief communication at 1inch Network, Sergey Maslennikov clarified:“Actually, those wallets and token transfers are not connected to the 1inch Foundation in any way, but attribute to some of the 1inch Network’s backers who continuously receive their unlocked 1INCH tokens in accordance with the vesting schedule/timeline”Additionally, a Tweet from DonYakka claimed that the transfer “was not from the 1INCH foundation wallet.”He said: “It is via an early investor because they have claimed through vesting contract, the date that 25% drop happened the whole market did, 1INCH does have a BTC and ETH pair so when these pairs increase be ready for pump too.”.

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2022-12-01 19:41:01 Telegram CEO Durov Plans to Build Crypto Wallets, Decentralized Exchange

Messaging app Telegram has sold $50 million in usernames in less than a month through its blockchain-based auction platform, Fragment, CEO Pavel Durov said Wednesday. The figure speaks to the success of Telegram’s second go-around at bootstrapping its own crypto infrastructure. Fragment is built atop the Telegram Open Network, a blockchain Durov abandoned under regulatory pressure in 2020 and later returned to after its community kept it alive.Telegram is already a go-to messaging app for many crypto traders, giving it a captive audience from the start.

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2022-11-30 22:25:06 Uniswap's own NFT marketplace aggregator live months after Genie acquisition

Uniswap Labs, the main developer behind decentralized exchange protocol Uniswap, is starting a new NFT marketplace, which it hopes will break the barrier between cryptocurrency exchanges and such NFT markets. while platforms such as Rarible have also introduced aggregators. The marketplace aggregates NFTs up for sale from OpenSea, X2Y2, LooksRare, Sudoswap — including its pools, which sell NFTs along price curves — Larva Labs, X2Y2, Foundation and NFT20. The developer has been working on the product since June when it purchased NFT aggregator Genie as part of expansion efforts to include NFTs and ERC-20 tokens among its products.

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2022-11-29 23:14:02 FTX-backed DEX Serum calls itself 'defunct,' promotes community fork

Serum, a decentralized crypto exchange backed by FTX, notified its 215,000 Twitter followers the project is “defunct” after the crypto exchange giant's sudden collapse — while pointing users towards a community-led fork of the project. The Serum program on mainnet became defunct" following FTX's implosion, Serum tweeted. "As upgrade authority is held by FTX, security is in jeopardy, leading to protocols like Jupiter and Radium moving away,” it added, referring to two DeFi projects on the Solana blockchain. It pointed that it was now replaced by a community fork called OpenBook.

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