BNB price reacts positively to surge in DEX trading volume
Binance’s decentralized exchange (DEX) volumes have shown a remarkable surge, potentially surpassing Ethereum’s. This surge could signal a significant shift in the landscape of decentralized finance (DeFi) and may have implications for the value of Binance Coin (BNB) in the coming days. BNB surpasses Ethereum: DEX volumes surge Over the past few days, DEX volumes […]
Solana DEXs achieve record $11B trading milestone: Details
Solana-based decentralized exchanges (DEXs) have experienced a record-breaking week in trading volume, surpassing previous highs and underscoring the blockchain’s growing activity. Between Feb. 24 and Mar. 2, Solana DEXs facilitated over $11.19 billion worth of digital asset trades, marking a 154% increase from the volume recorded in the preceding week, according to data from DeFi […]
Understanding Functionalities and Significance of DeFi Projects
DeFi, or Decentralized Finance, is a groundbreaking financial ecosystem driven by blockchain technology. It eliminates intermediaries, enabling direct peer-to-peer transactions via smart contracts, granting users unparalleled control and transparency over their assets. Understanding diverse categories of DeFi projects is vital in this rapidly evolving landscape. From lending and trading to insurance and asset management, each […]
LeetSwap pauses trading as hackers allegedly siphon over $630k in ETH
Due to potential security breaches, the decentralized cryptocurrency exchange, LeetSwap, temporarily suspended its trading operations on August 1st. The suspension comes from suspicions that hackers infiltrated the exchange’s liquidity pools. To tackle the situation, LeetSwap revealed on Twitter that it is collaborating with on-chain security experts. This partnership aims to retrieve the funds currently frozen […]
Trust Wallet partners with MoonPay and Ramp Network to enhance off-ramp experience
Trust Wallet, a popular non-custodial crypto wallet that boasts over 60 million users, is teaming up with crypto payments services MoonPay and Ramp Network to enhance the off-ramp experience for users. By integrating with these services, Trust Wallet users will be able to seamlessly convert their cryptocurrency into fiat currency within the app. This move […]
Learning from the FTX collapse: Are centralized exchanges really safe?
The recent collapse of popular crypto exchange FTX is again raising the question of ‘who actually controls our crypto assets?”. This whole debacle has significantly damaged the crypto industry, as almost every major cryptocurrency is experiencing historical downtrends. What’s worse is that thousands of users have lost full control of their crypto assets on the […]
OptiFi: Solana-based DEX loses $661,000 due to programming error
Routine updates prove fatal sometimes, which is why developers check updates to programs regularly. Sometimes a small error causes a big loss to the whole system. The same happened with Solana-based DEX, OptiFi, which lost more than $661,000 due to a programming error. According to the available updates, the system came to an abrupt halt […]
