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The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi) hype and yield farming frenzy that peaked in August. In … Read more
The latest data from Santiment shows that the collective market capitalization of all defi-related assets dropped by 25.1% on October 7, while daily trading volumes went down 30.2%. The data also shows popular defi tokens like Sushi took heavy knocks after dropping by 50.9% during the week. Also making the list of heavy droppers is … Read more
This week the research and analysis team Coin Metrics published a report on how decentralized finance (defi) is “fueling Ethereum’s growth.” Meanwhile, the researchers also highlighted that Ethereum’s cumulative transaction fees in 2020 are now over $350 million and more than double the aggregated total of Bitcoin’s network fees. Coin Metrics researchers and Nate Maddrey … Read more
Uniswap is taking on SUSHI head on with the launch of a new governance protocol token UNI, leading to a flurry of activity from more than 13,000 DeFi users. Go to Source Powered by WPeMatico
Research into Sushi prices and economics indicate it is still overvalued and unlikely to reach its all-time high again. Go to Source Powered by WPeMatico
SushiSwap’s community will take charge of the platform once it completes its migration to a multisignature contract from Uniswap. Go to Source Powered by WPeMatico
After a number of individuals from the crypto community accused the anonymous developer Chef Nomi of exit scamming, the developer transferred the project over to Sam Bankman-Fried, the CEO of the trading platform FTX. On Saturday, September 5, the decentralized finance (defi) community got upset with the creator of Sushiswap, a forked project copied from … Read more
