It's perhaps the largest test to date of a growing mood in DeFi: that all major projects should be community-owned.
SushiSwap experienced a tumultuous weekend after its founder sold $13 million' worth of his stake in the project before turning the reigns over to investor and FTX CEO Sam Bankman-Fried.
Uniswap competitor SushiSwap has aggressively moved up its massive withdrawal from its rival's liquidity pools, and may go live this weekend.
The exchange giant is hoping to capitalize further on the DeFi boom with a new centralized trading platform that makes it a rival of the likes of Uniswap.
A South Korean crypto exchange has been raided by police, Bitcoin's Lightning Network hit a new high and mining revenues are climbing.
Bitcoin is down amid negative news from South Korea, but Uniswap has shot to the top of the DeFi rankings.
Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase.
Uniswap is now at the top of DeFi Pulse with $1.65 billion in total value locked. Sources say the surge is driven by a new Uniswap competitor, SushiSwap.
Traders are optimistic bitcoin’s price can sustain $12,000 while crypto locked in Uniswap has exploded in the past week.
Only two decentralized exchange protocols reported a drop in volume during August.
Bitcoin’s price jumped to $11,784 while the top decentralized exchange crossed a half-billion dollars in daily trading volume.
FTX said customers are demanding access to DeFi products.
Bitcoin heads to bearish territory while the Ethereum blockchain’s gas fees continue to be pricey.
Uniswap reported more than $1.76 billion in monthly volume as of Wednesday.
Uniswap reported 41% of July’s decentralized exchange volume.