According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap, the first of its kind to go live on Cardano. At the same time, the total value locked for the ADA blockchain reached a record of approximately $80 million, despite the recent fall … [Read more...] about Cardano network at record capacity due to SundaeSwap launch, but not all users hail it as a success
Success
FXT token taps into Binance Smart Chain following ERC-20 success
Crypto trading platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1500% growth since its launch back in January 2021. The new token, which is built on the Binance Smart Chain (BSC), is designed to reduce transaction costs and settlement times compared to its Ethereum-based predecessor. In addition to increasing the altcoin’s … [Read more...] about FXT token taps into Binance Smart Chain following ERC-20 success
Success in DEX? Fast-growing crypto exchanges may hurt DeFi investors
With the rise of various meme-coins over the last year or so, a whole host of decentralized exchanges (DEXs) have continued to emerge and accrue massive sums of liquidity seemingly overnight. As a result, a number of security firms have started to call into question over the recent weeks regarding the overall security and transparency of these platforms.For example, DEX … [Read more...] about Success in DEX? Fast-growing crypto exchanges may hurt DeFi investors