Osmosis relies on smart contracts instead of middlemen to execute trades between users. Much of its value proposition, however, arises from its future plans. The DEX aims to expand to other blockchains, such as Ethereum, as well as blockchains compliant with the Inter-Blockchain Communication (IBC) protocol. Source link … [Read more...] about Cosmos-Based Exchange Osmosis Crosses $1B in Locked Value
Crosses
DeFi Protocol Convex Finance Crosses $20B in Locked Value
To solve this problem, Convex pools all user assets together so that it can purchase curve tokens, convert them into veCRV, and maximize rewards for its liquidity providers. This allows Convex users to receive Curve rewards without locking up curve tokens for lengthy periods. Source link … [Read more...] about DeFi Protocol Convex Finance Crosses $20B in Locked Value
Pundits ring ‘market top’ alarms as Coinbase crosses TikTok to become top AppStore app
As the number of Shiba Inu (SHIB) retail investors continues to grow, based on its impressive daily trading volume, the “Dogecoin Killer” is currently snuggled up in the second place, between the world’s two largest cryptocurrencies.SHIB’s $43,082,944,240 pumped 24-hour volume puts the meme-based crypto just one step behind Ethereum (ETH), with $123,800,913,800, and one step … [Read more...] about Pundits ring ‘market top’ alarms as Coinbase crosses TikTok to become top AppStore app
Ethereum price crosses $3,350 amid increased institutional inflows
ETH price outlook suggests bulls might breach overhead resistance and reach prices above $4k Ethereum’s price has crossed above the overhead resistance at $3,350 as bulls bid to take the ETH/USD pair to prices last seen on 19 May when the cryptocurrency traded above $3,400. While the pressure that saw Ether’s value move to lows of $3,100 over the weekend remains, an upside … [Read more...] about Ethereum price crosses $3,350 amid increased institutional inflows
Bitcoin rallies to $58,000 while PancakeSwap (CAKE) crosses $6 billion TVL
Bitcoin surged on Monday following a choppy weekend that saw the asset plunge to as low as $50,290. It trades over $58,000 at press time amidst a broader price rise in the crypto market on the back of an announcement by Visa.As the below image shows, the asset trades above its 34-period exponential moving average—a tool used by traders to determine the market trend—meaning … [Read more...] about Bitcoin rallies to $58,000 while PancakeSwap (CAKE) crosses $6 billion TVL