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Tag: DEX

Decentralized dYdX Went Down Due to Reliance on Centralized Cloud Services

Source: AdobeStock / RealPhoto Decentralized exchange (DEX) dYdX was down for 9 hours Monday afternoon to Tuesday morning, due to a major outage that hit Amazon’s cloud-service network Amazon Web Services (AWS), once again stirring up debates about decentralization.Some commenters have questioned whether a decentralized protocol that relies on services from a centralized corporation is really decentralized.”Time to retire “decentralized finance”. We aren’t decentralized, the old guard will keep trying to use it as their…

DeFi And Metaverse Cross-Chain Aggregator Company XY Finance Raises $12 Million

XY Finance recently announced it raised $12 million. These are the details.
XY Finance — a rapidly growing blockchain company — announced that it has raised a $12 million funding round led by investors including Circle Internet Financial, Infinity Ventures Crypto, Mechanism Capital, TRON Foundation, Morningstar Ventures, Yield Guild Games Ventures, Block Capital, and Animoca Brands. The full consortium includes more than forty investment firms.
This funding round also comes as XY Finance is about to conduct its Initial DEX Offering (IDO) on December 9.
Through a…

SiennaSwap adds Bitcoin, Monero trading pairs in push for privacy-focused DeFi

Cross-chain DeFi protocol Sienna Network has enabled Bitcoin (BTC) and Monero (XMR) trading pairs on its decentralized exchange, giving users the ability to transact privately in two of the world’s most recognizable cryptocurrencies. Effective immediately, users of the privacy-focused SiennaSwap DEX will have the ability to trade BTC and XMR against the protocol’s native Sienna token, chief evangelist Monty Munford confirmed with Cointelegraph. The decision to incorporate Bitcoin and Monero transactions follows a “huge amount of requests for additional yield options” from both…

SERUM’s Edward Zuo: The Future of DeFi on Solana

Project Serum aspires to become a fully-fledged financial ecosystem that brings unprecedented speed and very low transaction costs to the world of Decentralized Finance (DeFi). At its core sits a decentralized exchange (DEX) which is designed around a fully on-chain central limit order book and matching engine.
Partners of Serum’s ecosystem can compose with this on-chain order book to share liquidity and match orders for both retail and institutional users.
Serum was originally founded by Sam Bankman-Fried (SBF) – CEO at one of the leading centralized crypto exchanges…

BCH Ecosystem Gains New NFT and Dex Platforms, TVL in Smartbch Defi Climbs 180% in 30 Days – Defi…

During the last few months, the Smartbch project has swelled with numerous projects, custom tokens, and the total-value locked (TVL) in five Smartbch decentralized exchange (dex) platforms has jumped more than 180% since November 3.
Smartbch Defi TVL Climbs 180% in a Month — Bitcoin Cash Universe Now Has 5 Dex Platforms
Eight months ago, bitcoin cash (BCH) proponents were introduced to a new website (smartbch.org) that featured a project called Smart Bitcoin Cash or Smartbch for short. Smartbch is a Bitcoin Cash sidechain that is compatible with Ethereum’s EVM and Web3 API, but…

Nervos enters DeFi arena with ‘Yokaiswap,’ $70 million locked up on first day

Nervos today announced that “YokaiSwap,” a decentralized trading platform, is now live on the mainnet. YokaiSwap is the first decentralized exchange (DEX) built on Nervos, marking an important step for the network’s development as emerging projects begin building and launching decentralized apps (dApps) within the ecosystem.As DeFi continues to take off and crypto users move their assets from centralized exchanges to decentralized platforms, DEXs continue to see major growth. According to a new report from Chainalysis, the value on large decentralized exchanges (DEXs), like Curve,…

Five DeFi Coins to Watch out this December

Recently, decentralized finance (DeFi) coins have been winning the crypto market, and since each token comes with various options, it is challenging to choose which are the best DeFi coins to invest in. In this article, we will discuss five DeFi coins that are projected to soar, and which promise great development this December. THORChain (RUNE)THORChain is a decentralized liquidity protocol built through Cosmos SDK. It functions as a cross-chain decentralized exchange (DEX) that enables users to deposit native tokens and reap returns. It uses an automated market maker (AMM) structure…

4JNET DeFi and Metaverse Project is the Most Sought After. Now Officially Launched, Rate Increased…

A blockchain project 4JNET gained huge attention long before the launch is broadcast live. 4JNET which is referred to as the “Pinnacle of Fairness” in today’s DeFi industry has opened door to the crypto community by introducing its first offering, the 4JNET DEX. It accompanies the fair launch of the project’s native 4JNET tokens enabling the enthusiastic community to start trading against BNB, with support for other cryptocurrencies in the pipeline.
Community Response
Many Defi projects are supposed to qualify on the principles of openness, transparency and fairness unfortunately…

1inch Network Raises $175 Million At $2.25 Billion Valuation To Bring Traditional Finance Into DeFi

1inch cofounders, Anton Bukov (left) and Sergej Kunz
1inch Network
The decentralized exchange (DEX) aggregator 1inch Network, a platform that sources liquidity from multiple DEXs to try and offer better pricing to users, has closed a $175 million Series B round of funding, led by Hong Kong-based Amber Group. The round values the company at $2.25 billion.

More than 50 investors participated in the round, conducted as a sale of 1INCH tokens, including Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund. According to…

Bancor DAO Unveils Bancor V3 Features

The Bancor (BNT) team has released the features of Bancor V3, the third iteration of the Bancor decentralized exchange and automated market maker. Bancor V3 comes with instant impermanent loss protection, better capital efficiency, automatic rewards compounding, and more, according to the Bancor team.
Bancor V3 Redefining DeFi
Building upon the success of Bancor V1 and V2.1, the Bancor decentralized exchange and automated market maker is now set to launch Bancor V3, the third iteration which comes with numerous improvements designed to enhance users’ liquidity provision…

A DEX With All the CEX Upsides

Decentralized Exchanges (DEX) rise in prominence, but centralized exchanges still outrank them when it comes to users. DeversiFi aims to change that.

Considering that cryptocurrencies rely on decentralized blockchain to power them, it doesn’t make sense that much of the crypt space relies on a few specific points of failure — centralized crypto exchanges (CEX).

While Binance, Coinbase, and others provide expediency and convenience, traders must rely on them for security and liquidity. Even more so, users have to give up their private keys for the price of…

Solana’s ALFPROTOCOL – A Platform with Leverage & Non-Leveraged Features

Alfprotocol is, in fact, a group of protocols created to provide decentralized capital across and between investors and traders to maximize the provision of liquidity with leverage and without.
The protocol will provide unleveraged products in the form of AlfMM (a decentralized exchange service) and AAlf (an overcollateralized borrowing service). On the other hand, the leveraged liquidity is handled via one of Alfprotocol’s modules that communicates with external protocols such as Solaris, Jet Protocol, and more expected to be added in the future to provide…

MerryMen DEX to begin large scale marketing push in Q4

Merrymen is and always will be an entirely community-centered DEX. With plans to become a full-scale decentralized autonomous organization (DAO) on the official roadmap, the team is actively looking to grow the community and reward those who have shown relentless loyalty.Following a target raise of half a million dollars for the official initial DEX offering (IDO) on the Genesis Pool launchpad, a majority of the funding will be strictly allocated to a large-scale marketing campaign, set to begin immediately post-IDO in Q4 2021.The Merrymen community should expect momentous growth and…

ANOMUS private round closes with uber-subscribed sales

IDO Will Follow On November 26th
Anomus has been a well-anticipated project that has gained much attention over the last few months. Today Anomus is announcing the closure of its private sale round with a very successful and promising oversubscription.
The oversubscription was well anticipated by the team; which is due to the project’s hype which, backed by well-known names in the blockchain space and a team of crypto professionals, has been building up a lot lately.
Anomus plans to launch its ‘Initial Dex Offering’ (IDO) on the 26th of November 2021; the team, investors, and partners…

EGLD Crypto Prices Soar as Elrond Rolls Out New ‘Maiar’ DEX

Decentralized finance, or DeFi, is taking the world by storm, and with good reason; the need for banks, with their fees and red tape, is becoming lesser by the month thanks to DeFi products. Those using DeFi products don’t need proof of income for services, they don’t need to apply for loans, and they don’t need to keep their currency locked in an account in order to earn passive income. Elrond (CCC:EGLD-USD), with its newest decentralized exchange (DEX) launch, is bringing those services front and center to its users. Not to mention, the EGLD crypto is rocketing as a…

BabylonDao Review: What is BabylonDao and how is it different from other Ohm forks?

BabylonDao is a new DeFi 2.0 protocol launching on Solana that will challenge the top 3 Ohm and its forks like Kilma and Time. Here’s how BabylonDao is different from other Ohm forks and why it should be taken seriously compared to other Ohm forks.BabylonDao has taken up quite a bit of time on their launch, and it’s for a good reason.These are the 3 points on why BabylonDAO is unique, and we will go through them in detailSuper strong community and solid roadmapBabylonswap: building their DEX (the goal is to have all trading pairs)Babylon is not looking at being an $OHM fork. It’s…

What is Onomy Protocol? Cross-Chain Forex, Hybrid DEX & DeFi Access Wallet

In a market hampered by siloed blockchains, reliance on centralized exchanges, and convoluted means of  onboarding the $6.6T per day Forex market on-chain, Onomy Protocol is building the rails needed to make the DeFi ecosystem more accessible for institutions and retail users worldwide.It will do this by simplifying the DeFi onboarding experience through a suite of products that connect to the wider blockchain universe. These include a layer-1 scalable chain, DeFi access wallet, and Onomy’s cross-chain trading ecosystem, enabled by a hybrid AMM & order book decentralized exchange (DEX),…

Moda DAO, Wingswap & Dexbrowser Debut as the Inaugural Class of IDOs on FantomStarter


The Fantom Network has had a coming of age throughout 2021 as the high-speed, low-cost blockchain protocol has been embraced by users from around the world for the capabilities it offers in decentralized finance (DeFi) and non-fungible tokens (NFTs) while not breaking the bank to conduct even the most complex of transactions.Now, the Fantom ecosystem is poised to experience a new level of growth and expansion as the network’s first multi-chain education, investment and rating platform FantomStarter (FS) has revealed the first cohort of Initial DEX Offerings (IDO) to be listed on its…

Animoca Brands raises $5M for NFT marketplace, Quidd

Quidd, a marketplace for digital collectibles and a subsidiary of Animoca Brands, has raised a total of $5 million in private pre-sales and an initial DEX offering (IDO). The token sale took place on Polkadot project incubator Polkastarter on Nov. 18. The allotment of 2 million QUIDD tokens at a price of US$0.25 per token sold out in under an hour, raising $500,000.Earlier this month, the private sale of the Ethereum-based QUIDD tokens raised US$4 million from investors including Binance Smart Chain Growth Fund, Genesis Block Ventures, Kingsway, Mind Fund Group Ltd, Sanctor Capital,…

What explains $1.8B business between Ethereum-Ronin-Katana-Axie Infinity

Axie Infinity’s growth within the Ethereum ecosystem has been well-documented over the past few weeks. Its activity rates in the blockchain gaming ecosystem are significant but now, it is reaching new heights with the involvement of the Katana DEX. In a recent article, we discussed the developments that have taken place on Katana and Ronin’s side chain but it is important to understand and trace where the value is coming from.
Ethereum to Ronin to Katana; with Axie in the middle?
The layers involved in the dynamics between these chains require a lot of attention but we will try to…

Elrond joins the DeFi league, but might it be another trend event

The DeFi space has been expanding of late, with the sector continuing to draw in more networks, assets, and investors. The latest participant in the same is Elrond. In just 24 hours, the network managed to perform extraordinarily on all fronts.
The only concern that remains, however, is this – Is this a hype effect or will the growth remain organic?
Elrond in DeFi
The network launched its Maiar DEX recently as it stepped into the DeFi space. In doing so, it amassed $200 million in total value locked (TVL) in just one day, as per developers. Worth noting, however, that the DeFi stats…

tbDEX and how it could be crucial to DeFi market, Square’s fortunes

Decentralized Exchanges are a huge attraction in the DeFi space. Hence, it is no surprise that Square has decided to dip its toes in it as well. Its recent announcement comes at a time when the entire DeFi market is pulling around after a week-long affliction. Can its effect help the market recover? And more importantly, can it help Square itself?
The DEX deliverance
Week-on-Week, Decentralized Exchanges’ (DEXs) trading volumes have been shooting up. The total volume stood close to $27 billion about 5 weeks ago, with the same crossing the $46.4-billion mark last week.
DEX weekly trading…

PLS2E.io Genesis Universe (ILO) Share 10,000,,000 P2E Tokens

PLS2E.IO -The best GameFi infrastructure platform(DEX+NFT+GAMEPAD) on Binance Smart Chain and put forward the concept of Earn As A Service (EAAS).
PLAY,LIVE,SOCIAL,TO,EARN =PLS2E
The DeFi trend swept the entire industry in 2020 and develop strongly in 2021. Besides, the changes in the overall staking volume in the DeFi market can directly reflect the development of the DeFi market. The total staking value of DeFi has reached 100 billion U.S. dollars at its peak until 2021 august.
Among them, the three that were once independent-DeFi, NFT, and Game, set off a wave of “financial…

One-stop DeFi ecosystem Spike Inu Goes Live on Coinmarketcap By BTC Peers

One-stop DeFi ecosystem Spike Inu Goes Live on Coinmarketcap

Decentralized finance platform, Spike Inu, finally goes live on Coinmarketcap, shortly after listing on Coingecko early this month. The project offers a one-stop ecosystem that includes DeFi apps, NFT marketplaces, and a multichain wallet. The platform also features a decentralized exchange, or DEX, that allows users to easily swap ERC-20 tokens across multiple blockchains.
Announced Thursday, Spike Inu is the latest project to gain a listing on two of the top data aggregators – Coinmarketcap and Coingecko. The listing aims…