DEX

The decentralized exchange (DEX) market started the week in positive territory. Its total trading volume increased by 75%, from $3.2 billion on Sunday, October 6 to $5.6 billion on Wednesday, October 8. DEX volume dominance remained steady at around 7%, with Uniswap V3 (Ethereum), Aerodrome SlipStream, and Raydium registering the highest trading activity.  The DEX token sector, currently valued at above $16 billion, didn’t lag behind, showing a nearly 80% growth in trading volume following the weekend. With gains exceeding…

London, UK, September 23rd, 2024, Chainwire Revolutionizing the Solana Ecosystem with AI-Powered Efficiency In the dynamic landscape of DeFi, decentralized exchanges have emerged as essential platforms for P2P trading of digital assets. However, traditional DEXs often face challenges such as liquidity fragmentation, high transaction costs, and complex user interfaces. Solanex AI, a groundbreaking DEX on the Solana blockchain, aims to address these limitations by leveraging the power of artificial intelligence. What is Solanex? Unlike Jupiter, or Raydium – Solanex AI…

THORChain (RUNE) and Ripple (XRP) have gained quite good returns in the last few years. Even so, their latest performance, in 2024, has frustrated investors after they had to stomach the loss for a long duration. Many cryptocurrency enthusiasts say investing in mini-caps that release great blockchain projects like DTX Exchange (DTX) will be more successful during the bull market. DTX Exchange, which sets itself the most ambitious goal of being the first hybrid decentralised exchange, is positioning itself as…

Dubai, United Arab Emirates, September 17th, 2024, Chainwire Bybit Web3, the Web3 arm of Bybit, is thrilled to announce its participation in the World Series of Trading (WSOT) 2024, the world’s longest-running crypto trading competition. From Oct. 1 to Oct. 30, 2024, the WSOT 2024 DEX Wave will challenge participants to trade on-chain as part of their push to win big in the WSOT competition. It also marks the world’s first DEX talent competition by democratizing the space, inviting participants…

Dubai, United Arab Emirates, September 16th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is thrilled to announce the official start of the World Series of Trading (WSOT) 2024. As the world's largest and longest-running crypto trading competition, WSOT 2024 brings together traders from across the globe to compete for a massive prize pool of up to 10,000,000 USDT, along with luxury rewards such as Rolex watches, world travel tickets, and yacht cruises. For the first time,…

A new meme coin listing has caught the attention of investors.  A multi-chain meme coin - Base Dawgz (DAWGZ) - will launch on DEXs on September 4th at 5 PM CET.  DAWGZ has already raised over $3.2 million in its ICO, a sign of its high upside potential. Experts expect it to remain in high demand after its IDO this week, with some analysts calling it the next 100x crypto.  Base Dawgz - The Next Brett? Smart money investors know…

Gamified perpetual future decentralized exchange (DEX) Merkle Trade announced its MKL token generation event (TGE). According to an Aug. 29 announcement, Aptos-based DEX Merkle Trade will launch its token through both genesis staking and a liquidity bootstrapping auction. The new token is backed by institutional investors Hashed and Arrington Capital. Merkle Tree’s genesis staking started on July 25 and the liquidity bootstrapping auction will start on Sept. 5. A liquidity bootstrapping auction is a DeFi token launch mechanism where the…

Singapore, Singapore, August 14th, 2024, Chainwire The decentralized derivatives trading platform, ELFi Protocol, officially launched today on the Arbitrum network. ELFi is a decentralized derivatives trading platform dedicated to creating a unique and forward-looking trading experience that rivals centralized exchanges (CEX). ELFi is the first to implement a Portfolio Margin and vAMM hybrid model on-chain. Additionally, the platform has designed an innovative zero-risk stable coin liquidity pool and a mature risk management system for contracts of various risk levels. The…

The post Future Finance DeFi Platform UnchainX Launches DEX (Decentralized Exchange) appeared first on Coinpedia Fintech News Future finance DeFi platform UnchainX successfully launched its DEX (Decentralized Exchange) on August 9, 2024. UnchainX is a DeFi platform on Binance Smart Chain (BSC) that allows anyone with internet access to easily trade cryptocurrencies with straightforward, secure, transparent, and fast transactions. On this day, UnchainX’s governance token, UNX, was listed on the UnchainX platform and continues to show growth. UNX debuted at…