DEX

Bitcoin-Based Decentralized Exchange Token Surges 158% in Just Seven Days, Defying Crypto Downtrend

A Bitcoin (BTC)-based decentralized exchange platform (DEX) is skyrocketing despite turbulence within the crypto markets. New data reveals that AlexGo (ALEX), a decentralized trading platform for BRC-20 tokens that is set to launch next week, surged from its seven-day low of $0.0595 on May 6th to a new all-time high of $0.154 just six days later, […] The post Bitcoin-Based Decentralized Exchange Token Surges 158% in Just Seven Days, Defying Crypto Downtrend appeared first on The Daily Hodl.

Can Solana [SOL] compete in the big leagues aided by its DEXes? New data suggests…

Solana's DEX volumes began to surge as protocols improved their performance on the network.

Paxful reopening after month-long shutdown

Paxful said May 8 that it will be reopening its services after a month-long shutdown. The peer-to-peer crypto marketplace said that it will “gradually” restore market functions over the coming days. Paxful added on its website that its wallet remained functional during the shutdown and said that it provided users with access to alternative platforms. […] The post Paxful reopening after month-long shutdown appeared first on CryptoSlate.

DeFi ecosystem sees shift as liquid staking outperforms lending

According to CoinGecko’s recent study, DEXs and oracles have been fundamental components of DeFi since the beginning of 2021, but their market shares have steadily decreased.

Cetus DEX's IDO oversubscribed after Sui mainnet launch

According to developers, the fundraising goal of the initial DEX offering was reached in less than one minute. Just hours after the initial decentralized exchange offering (IDO) for Cetus began on May 8, its hard cap target of 800,000 Sui (SUI) tokens has already been surpassed, with over 6 million SUI committed worth approximately $6.85 million at the time of publication. Developers claimed that the IDO reached its initial goal in less than 30 seconds after the sale went li

Bonk Inu unveils BonkSwap, its native decentralized exchange on Solana

The Bonk Inu team recently launched BonkSwap, their innovative native decentralized exchange (DEX) on the Solana blockchain, marking a pivotal moment for the canine-themed token.

GDAC hacked for millions of dollars, INNODEX, a decentralized hybrid DEX, is hack-proof

INNODEX is a decentralized and hybrid exchange which assures traders' assets are not lost through hacks

Sushiswap Smart Contract Bug Results in Over $3M in Losses; Head Chef Says Hundreds of ETH Recovered

According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the exploited contract was “deployed in multiple blockchains.” Dex Platform Sushiswap Suffers From Smart Contract Exploit Over the weekend, the dex […]

Crypto Exchange SushiSwap Exploited – Here’s How to Ensure Your Funds Are Safe

A smart contract bug in the popular decentralized exchange SushiSwap has led to the theft of about $3.3 million in Ethereum (ETH). According to the crypto analytics firm PeckShield, the bug is connected to the contract approval process and is related to an update that was implemented a few weeks ago. The bug led to […] The post Crypto Exchange SushiSwap Exploited – Here’s How to Ensure Your Funds Are Safe appeared first on The Daily Hodl.

SushiSwap approval bug leads to $3.3 million exploit

Only users who have traded on the decentralized exchange in the last four days are apparently affected. A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter. Blockchain security companies Certik Alert and Peckshield posted about an unusual activity related to the approval function in Sushi's Router Processor 2 contract — a smart contract

SushiSwap approval bug leads to $3.3M exploit

Only users who have traded on the decentralized exchange in the last four days are apparently affected. A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter. Blockchain security companies CertiK Alert and Peckshield posted about an unusual activity related to the approval function in Sushi’s Router Processor 2 contract — a smart contract

Binance CEO Changpeng Zhao Says Crypto Industry Needs More Decentralized Exchanges

The chief executive of the world’s largest crypto exchange platform by volume says that the crypto industry needs more decentralized exchanges (DEXes). In a recent thread, Binance CEO Changpeng Zhao says that even though DEXes can be flawed and he runs a massive centralized crypto exchange (CEX), he believes decentralized crypto swapping platforms are exactly […] The post Binance CEO Changpeng Zhao Says Crypto Industry Needs More Decentralized Exchanges appeared first on The Daily Hodl.

CZ says current blockchain throughput cant make Binance a hybrid exchange

Binance CEO Changpeng ‘CZ’ Zhao said blockchain throughput is “not there yet” to make his firm a hybrid exchange. CZ was responding to a community member who advised that Binance be made a hybrid exchange. According to CZ, it is easier said than done because the exchange has “to ensure fund security” and other things. […] The post CZ says current blockchain throughput cant make Binance a hybrid exchange appeared first on CryptoSlate.

CZ says current blockchain throughput cannot make Binance a hybrid exchange

Binance CEO Changpeng ‘CZ’ Zhao said blockchain throughput is “not there yet” to make his firm a hybrid exchange. CZ was responding to a community member who advised that Binance be made a hybrid exchange. According to CZ, it is easier said than done because the exchange has “to ensure fund security” and other things. […] The post CZ says current blockchain throughput cannot make Binance a hybrid exchange appeared first on CryptoSlate.

Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token

On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset. On Monday, Dfinity detailed that the technology “builds on the protocol-level integration with the Bitcoin […]

PancakeSwap launches V3 with new features

PancakeSwap has revealed its upgraded version 3 (V3), offering a suite of new features and what it claims as improved functionality.

Value Locked in Defi Holds the Line at $50B, After Temporarily Shedding $8B in Mid-March

The total value locked (TVL) in decentralized finance (defi) during the first week of April is about $50 billion, roughly the same as on March 1. The value locked dropped to $42 billion on March 12 but has since rebounded as protocols such as Lido Finance, Aave, and Justlend recorded double-digit monthly gains. After the […]

Uniswap v3 code free to fork as BSL expires

The license expiration marks a significant event within the DeFi ecosystem, as it enables developers to deploy their own decentralized exchange (DEX). Developers are now allowed to fork Uniswap v3 protocol as its Business Source License (BSL) expired on April 1, shows the protocol documentation. The expiration was a much-anticipated event within the DeFi ecosystem, as it enables developers to deploy their own decentralized exchange (DEX). The BSL is a type of license meant

Bitfinex Alpha | The Fed Fights to Constrain Markets, While Crypto Retail Moves to DeFi

As we enter the new year, the enthusiasm of the markets cannot be contained. Even following the release of the FOMC minutes last week and much jaw-boning by Fed officials indicating that the fight against inflation is not over, the market is indicating interest rates... The post Bitfinex Alpha | The Fed Fights to Constrain Markets, While Crypto Retail Moves to DeFi appeared first on Bitfinex blog.

Gnosis Safe Receives $2.3 Billion in ETH Over One Day

Binance, Ethereum, then Gnosis The deposit makes the safe the third-largest custodian of Ethereum. It now holds 2.2% of the cryptocurrency’s supply. Though it is unclear who made the transaction, the deposit followed a 600,000 ETH deposit a day earlier. The wallet associated with the safe ranked 32nd on Ethereum’s rich-list prior to these transactions. … Continued The post Gnosis Safe Receives $2.3 Billion in ETH Over One Day appeared first on BeInCrypto.