Initial DEX offerings have a fair bit in common with initial coin offerings but come out on top in cost, effort, and fairness.
DeFi showed tremendous strength during last week’s sell-off as DEX activity and stablecoin stability prove the sector may be ready for mass adoption.
Bitcoin’s move back to $38,000 triggered strong relief rallies in DeFi tokens and a handful of altcoins.
DeFi darlings and blue-chip token values fall more than 60% as the crypto market sell-off pushes the total TVL below $100 billion.
Another round of FUD helped to push Bitcoin price back below $34,000, placing further pressure on altcoins which now trade below multi-month lows.
DeFi protocols were buzzcut as their token values plummeted and the total value locked on all platforms fell to levels not seen since April.
The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption.
The GameStop saga may indicate a paradigm shift in the financial system or even the creation of an entirely new one.
A series of protocol upgrades and new liquidity integrations prove that 1INCH is aiming to increase its DeFi and DEX aggregator market share.
Several users have aired complaints about the new version, especially its higher gas fees.