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Over $220 million in trading volume was processed in the past 24 hours. Over $120 million of that came from crypto derivatives and $70 million from products tracking foreign currency (forex), with the remaining spread over US-listed stocks, such as Apple (APPL) and Amazon (AMZN), and indices. Source
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Canto, which runs on the Ethereum Virtual Machine (EVM) - a term for virtual computers that power the Ethereum network, is a cheap and fast network that allows developers to build financial products, such as those for lending and borrowing, atop the blockchain. Source
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press release PRESS RELEASE. OpenOcean, a leading Web 3 middleware developer and DEX Aggregator across 19 chains, backed by top investors – Binance Labs, CMS, Altonomy, and more – has integrated with the recently released Verse DEX, Bitcoin.com’s decentralized exchange (DEX), to provide easier, cheaper and faster access to low-cost
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One of the key features of the upgrade is the implementation of geometric TWAP (Time Weighted Average Pricing) in Osmosis liquidity pools. In finance, a TWAP is the average price of an asset over a specified time. A TWAP strategy is often used to minimize a large order’s impact on
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Such fee rewards are currently only available on version 1 of the Trader Joe platform, but as part of the version 2 launch expected in February, sJOE stakers will be able to receive a share of trading fees for all chains, including Avalanche, Arbitrum and Binance. sJOE deposit fee will
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Just a month after warning of a "significant deficit" in its treasury, the CEO of decentralized exchange (DEX) SushiSwap has shared several planned updates to the platform which it says is intended to "10x" its market share in 2023.Sushi CEO Jared Grey laid out the plans for the decentralized finance
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The move comes after Sushi's chief technology officer, Matthew Lilley, said in a tweet thread on Jan. 3 that two of its products – the Kashi lending platform and MISO, a launchpad for external tokens – would be shuttered because of low public interest and the significant effort that went
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As CryptoX reported, the Sushi treasury provided for only 18 months of runway calculated from the first week of December, causing a significant deficit in its treasury. Lead developer Jared Gray proposed setting Kanpai, a fee-diversion protocol, to 100% of fees diverted to the treasury multisig for one year at
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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. We’ve just launched our 1-click Cross-chain swap+aggregator!Get the best cross-chain swap rates, now live on @ethereum, @BNBCHAIN,
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According to a new Twitter post by SushiSwap CEO Jared Grey, the decentralized exchange, or DEX, experienced a $30 million loss in the past 12 months on incentives for liquidity providers, or LPs. As explained by Grey, SushiSwap currently employs a token-based emission strategy to incentivize LPs, but the current
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