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Showing posts with the label uniswap

THORChain becomes third largest DEX as Rune surges 50% in a week

THORChain $1.32 billion in trading volume over the last week only trails Uniswap and PancakeSwap among non-centralized exchanges. Native asset settlement protocol THORChain has recorded the third-largest trading volume among non-centralized exchanges in the last week with users seemingly attracted to the high yield offered adjacent to its native token Rune (RUNE). Over the last week, THORChain’s trading volume hit $1.32 billion third only behind Uniswap and PancakeSwap at $10.85 billion and $2.77 billion respectively, according to DefiLlama. THORChain also boasts the second-largest trading volume at $334.3 million over the last 24 hours, nearly $50 million more than third-placed PancakeSwap. Meanwhile, RUNE increased 51% over the last week and more than 200% over the last 30 days, according to CoinGecko. THORChain’s rise past Curve Finance happened much earlier than what THORChain core developer Chad Barraford predicted, who initially estimated the flippening to happen before the end ...
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Uniswap eyes NFT financialization, in talks with lending protocols

In a tweet from the head of NFT product, the exchange is allegedly in contact with several NFT lending protocols to build NFT financialization. Crypto exchange Uniswap engaged in talks with multiple nonfungible token (NFT) lending protocols, according to a social media post from Uniswap's head of NFT product Scott Lewis. In the tweet, Lewis highlights the company’s interest in tackling both liquidity issues and “information asymmetry” surrounding NFTs. uniswap is the interface for all nft liquidity. we are now in talks with 7 nft lending protocols. we will be working with each one to solve for liquidity fragmentation and information asymmetry. this is the first step to building nft financialization. — Scott (@Scott_eth) August 23, 2022 While Uniswap’s goal of these talks and potential collaborations with lending protocols is NFT financialization, the crowd on Twitter came back with a double-sided response. Some users deemed the decision as a step towards solidifying the fut...
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Conflux proposes deploying Uniswap v3, setting up $2M liquidity pool for CFX pairs

Following the expiration of the Uniswap v3 code license on April 1, Conflux seeks to deploy the decentralized crypto trading protocol on its network. Conflux, a regulatory-compliant public blockchain based in China, seeks to deploy Uniswap v3 on its network, according to a proposal on Uniswap’s governance forum on April 7. The move comes days after the Uniswap v3 code license expired, enabling developers to fork the protocol and deploy their own decentralized exchange. As per the proposal, the deploy ment would provide “access to millions of potential new users, particularly in the Chinese and Asian markets.” According to Conflux, the Blockchain experienced a spike in traffic in the first quarter of 2023. The network has a market capitalization of nearly $1 billion and has $45 million in total value locked on-chain.  “Currently, 84% of worldwide Blockchain applications are submitted in China. Compared to the UK and the US, 11% and 14%. [...] This shows that China is one of the most m...
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