OKB is trading just above $4, down from nearly $6 before the news.
Bitcoin price is dipping a bit while ether flows display Uniswap’s prominent market position.
Uniswap processed $15.3 billion in monthly volume in September, outpacing Coinbase and signalling that DeFi is here to stay.
Strong trading incentives have “cannibalized volume” from other DEXs, said one analyst.
The sudden takedown of crypto exchange BitMEX has cast a new light on Ethereum’s decentralized finance (DeFi) markets.
As Bitcoin price consolidates, bulls target $11.5K and bears expect a drop below $9.8K.
Bitcoin’s price struggles to stick to $10,700 as Uniswap’s decentralized exchange trading volume falls to cap September.
After passing $2 billion in locked assets, there’s now more value in Uniswap than there was in the entire DeFi space on July 9.
The vast majority of DeFi projects still have the ability to enter ‘God Mode’ and unilaterally make changes to pretty much everything.
Leading DeFi protocols are rushing to implement Layer 2 to ease the burden of high gas fees.