Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
liquidity
Overcoming Fragmented Liquidity: The Path Forward for DEXs
Decentralized Exchanges (DEXs) have become a popular trading avenue for crypto natives since the launch of Uniswap in the summer of 2020. As of writing, there is over $21.4 billion locked in various DEXs, which is still a fraction of the 2021 highs when the DeFi bull market caused DEXs TVL to surge up to $78 billion. However, despite this remarkable growth, DEXs are still struggling with some pertinent issues that have been a major hindrance in adoption. For context,…
1 year ago
Unified Liquidity Platform Range Protocol Unveils Skate: The First Universal Application Layer Powering Apps to Run on All Chains With One State
[PRESS RELEASE – Singapore, Singapore, April 3rd, 2024] Skate is backed by leading founders in web3, including EigenLayer, Polygon, Manta, Axelar, Pendle, A41 and Galxe, supporting its vision to make web3 efficient for a modular future by solving application fragmentation Range Protocol, a unified liquidity provisioning platform, today announced the launch of Skate, the universal application layer that empowers apps to run on thousands of chains with one state. Designed with an intent-centric approach, Skate aims to efficiently address the…
1 year ago
Bitcoin Faces Sell-Side Liquidity Crisis as Demand Reaches Unprecedented Levels: CryptoQuant
The chances of Bitcoin facing a sell-side liquidity crisis in the next few months are very high due to demand for the digital asset soaring to unprecedented levels. According to a weekly report from CryptoQuant, analysts expect the present Bitcoin sell-side liquidity inventory to cover demand for six to twelve months. Conversely, a plunge in liquid inventory could pull Bitcoin’s (BTC) price northward. Unprecedented Demand Levels Monthly demand for Bitcoin has risen from 40,000 BTC at the start of 2024…
1 year ago
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liquidityOoga Booga Raises $1M to Create First Liquidity Aggregator on Berachain
London, UK, March 20th, 2024, Chainwire Ooga Booga has announced a $1M raise to support its goal of creating the first liquidity aggregator on Berachain. Funding will be used to build out a suite of advanced tools for seamlessly executing swaps and finding the best price for users. Ooga Booga was co-founded by Bruno Wu and Kevin Liu, Kevin Liu is the 19 year old also the force behind the fully on-chain EVM order book Gridex Protocol. The $1M raise…
1 year ago
MandoX – An NFT Project to Help Those in Need
NFTs are growing exponentially day by day. Virtual property is a hot topic in a world moving towards an increasingly digital status. As soon as a digital asset can be copyrighted, it can gain royalties and be sold on the market. Today we will review the MandoX project, a new initiative specialized in the art universe to let contemporary artists gain the attention they deserve. While doing so, the project reallocates part of its liquidity to charitable missions. MandoX is…
3 years ago
Bitcoin Liquidity Is Reducing as Institutions Acquire more BTC
Bitcoin liquidity has reduced in recent weeks following the bullish rise of the leading currency. This phenomenon can be linked to the growing number of institutions that have purchased BTC in recent months. Bitcoin (BTC) Is Experiencing a Liquidity Crisis According to a recent report from analytical firm Glassnode, Bitcoin liquidity has plunged in recent months. That is to say, the availability of buying and selling assets has reduced according to on-chain data. As shown in the graph above, the…
4 years ago