Day: May 29, 2021

DeFi bucks crypto market correction as Uniswap v3 leads the charge

admin

Decentralized exchange Uniswap successfully launched version 3 of its platform in May — resulting in high trade volumes despite a downturn across the cryptocurrency markets. The latest version of the hugely popular decentralized finance (DeFi) automated market maker (AMM) has quickly attracted a sizable amount of trade volume, seeing it move into the top five decentralized exchanges alongside Sushiswap, PancakeSwap v2 and its predecessor, Uniswap v2. The success of v3 cannot be understated, as the cryptocurrency space has been under pressure due to a market correction in May that has…

Arbitrum Launch: Layer 2 Ethereum Unpacked

admin

Key Takeaways Arbitrum, an Optimistic Rollup scaling solution for Ethereum, has successfully launched for developers. Layer 2 scaling aims to reduce congestion on the base chain while still benefitting from its security. Reduced congestion on Ethereum will reduce gas fees for every user, not only the ones using Layer 2. Share this article Scalability has been Ethereum’s biggest challenge as its popularity rises. One of the key Layer 2 solutions hoping to solve the issue, Arbitrum, has now launched for developers. The Road to Scaling Ethereum During the recent market…

The remaining steps to mainstream institutional investment

admin

It has been said that you only get one chance to make a first impression. Perhaps the best example of this old adage is the cryptocurrency space.  From exit scams and money laundering, to unaudited code and high carbon footprints, the crypto landscape has spent the better part of the past decade scrubbing itself of its infamous past. For many, the sanitizing of the decentralized ecosystem was inevitable — simply a matter of when, not if. This mindset hindered the sense of urgency that should have been on display and…

3 reasons why Polygon (MATIC) outperformed Bitcoin and major cryptos this week

admin

Polygon (MATIC) is on a tear. In the past seven days, it has gained 35% in the past seven days, outperformed every major cryptocurrency apart from Uniswap. There are several big reasons behind the strong uptrend of MATIC, including the growing hype around Polygon, Google BigQuery announcement, and Mark Cuban’s investment. MATIC 1-day candle chart (Binance). Source: TradingView.com Growing sentiment and hype around Polygon On Feb. 9, Matic first announced its plans to rebrand to Polygon. At the time, they brought in promising metaverse projects and integrated Matic Plasma Chain.…

The future of digital asset liquidity: Centralized or decentralized?

admin

Last month, Bitcoin (BTC) reached above $60,000, highlighting the current frenzy around digital currencies. Following BTC, altcoins also saw substantial increases in value. All of this is music to the ears of long-term and short-term bull investors seeking increased gains, even with the current pullback and support of Bitcoin hovering around $40,000.  However, despite all the hype around the current bull run, a lack of digital asset liquidity continues to be a significant challenge for exchanges, traders, token issuers and market makers. The reality of today’s market is that professional…