The total value locked in Avalanche's DeFi ecosystem has swelled to $1.8 billion in the last month. Here's why.
Karura Swap opened for trading with $3.4 million in total value locked.
"Kyber Network has underperformed its peers, still trading at relatively low market capitalization," one analyst said.
Institutional investors might be warming to tokens associated with decentralized finance, known as DeFi.
DeFi, social media and data breaches are also acknowledged as "risk factors" for investors in the company's hot-off-the-presses prospectus.
GameStop caught the stock-buying public's imagination. That excitement has spilled over to crypto.
Uniswap represented over 45% of total DEX volume.
The token, named 1INCH and running on Ethereum, will be distributed to all wallets that have previously interacted with the platform.
Data indicates DeFi could take a huge bite out of CeFi when it comes to the ether cryptocurrency.
A steeper decline was avoided by one record day for Uniswap and Curve.
Strong trading incentives have “cannibalized volume” from other DEXs, said one analyst.
The exchange now supports nearly 10 times more pairs than Binance.
Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase.
Only two decentralized exchange protocols reported a drop in volume during August.