DEX

Singapore, Singapore, June 25th, 2024, Chainwire Ranked the number one derivatives DEX by volume, SynFutures V3 tops $100 billion in cumulative trading volume on Blast SynFutures, the leading DeFi derivatives protocol, has just crossed $100 billion in cumulative trading volume on Blast. The milestone comes less than four months following the Blast mainnet launch and ahead of the L2 network’s airdrop this week. After being named a winner of Blast’s Big Bang competition, SynFutures was among the first decentralized applications…

Binance has invested in Rango, a cross-chain DEX and bridging aggregator, aiming to enhance interoperability across multiple blockchains, including Bitcoin, Solana, Tron, and Cosmos. Rango, which supports over 60 digital assets, 70 DEX protocols, and 20 bridges, has processed over 2.5 million crypto-related swaps and handles more than 3,000 trades daily. Binance’s venture capital arm has announced its investment in a new cross-chain decentralized exchange (DEX) and bridging aggregator. In a recent blog post, the world’s largest crypto exchange by…

The post ONI DEX: Pioneering the Future of Decentralized Finance appeared first on Coinpedia Fintech News The decentralized finance (DeFi) landscape is experiencing rapid evolution, and at the forefront of this transformation is ONI DEX. Poised to become the largest and most innovative decentralized exchange (DEX) in 2024, ONI DEX introduces a suite of groundbreaking features that distinguish it from other platforms. With multi-chain capabilities, pioneering support for the GALA Chain, dynamic launchpads, the ONI Token sale, the unique Spheres…

Cardano’s decentralized exchange (DEX) has seen its daily volume skyrocket, surpassing 23 million ADA amidst price volatility. Other metrics such as total value locked (TVL), ADA capital flow, and NFT trades,  have plummeted, signaling a bearish outlook. Cardano (ADA) has witnessed a massive uptick in ADA daily volume on its decentralized exchange (DEX). The increased flow could indicate heightened volatility over the coming days and weeks. The increase in flow could suggest a record exchange in selling or buying. Recent…

Cardano (ADA), the smart contract platform, has been facing a rough patch recently. While the broader DeFi sector has seen an uptick in DEX volumes, Cardano’s Total Value Locked (TVL) has plummeted, raising concerns about the health of its ecosystem. DeFi Activity And NFT Market Slump Despite the surge in DEX volumes across the crypto landscape, Cardano’s TVL has witnessed a significant decline, dropping from $430 million to $230 million, according to data from Artemis, a leading blockchain data provider.…

The post Ethereum’s $4K Surge, Solana’s DEX Decline, and Furrever Token’s Expected 15X Returns: What’s Next? appeared first on Coinpedia Fintech News Looking at the trends of the year 2024 in the cryptocurrency world, all attention is drawn to Ethereum, Solana, and the young but promising Furrever Token. These three contenders are interesting the market with their own stories, illustrating the vast spectrum of Crypto. In this article, we discuss the most recent trends concerning these associated digital assets to…

The post Solana-Based DEX Drift Announces 120 Million Token Airdrop appeared first on Coinpedia Fintech News The Drift Foundation, the entity overseeing the Solana-based DEX, has launched its Drift token and opened airdrop claims. The airdrop consists of 120 million tokens, representing 12% of its total supply of 1 billion. It includes a 2% bonus, or 20 million tokens. Drift is the first protocol to include a bonus component in its airdrop to discourage early selling and avoid network congestion…

The post Solana DEX Cypher Developer Admits to Stealing and Gambling Funds appeared first on Coinpedia Fintech News Cypher, a decentralized exchange on the Solana blockchain, faced a security breach in August 2023, resulting in a nearly $1 million loss. Developer Hoak confessed on May 14, 2024, to stealing approximately $315,000 from Cypher’s funds and gambling them away. In his public statement on X, Hoak admitted to similar misconduct several times. This revelation compounds the challenges faced by Cypher after…

The post Solana DEX Jupiter Reveal Key Developments; Price Recovery Ahead? appeared first on Coinpedia Fintech News Solana DEX Jupiter’s community is set for key developments as it is working on numerous fundamental backend revamps to enhance user engagement on the platform. The upgrade includes lowering latency and enhancing robust perpetual contracts while strengthening the platform’s resilience. Refined token search function to aid the users in quickly finding their interested tokens and rapid integration of tokens and markets into DEX’s…