SushiSwap, a leading multi-chain decentralized exchange [DEX], has embarked on a significant expansion by venturing into the layer-1 blockchain known as Aptos, marking its first foray outside the Ethereum Virtual Machine [EVM] ecosystem. This strategic move underscores SushiSwap’s commitment to establishing a strong presence in both cross-chain and multi-chain domains. In a recent announcement, the […]
SUSHI
Solana To Ethereum: A Multi-Million Dollar Crypto Exodus Amid FTX’s Bankruptcy
A wallet linked to the now-bankrupt cryptocurrency exchange FTX has initiated a substantial migration of digital assets, transferring them from the Solana network to Ethereum. This move, detected by blockchain analytics firm Arkham Intelligence, has raised alarm bells within the cryptocurrency community, as it may signal the onset of a series of token selloffs amid FTX’s ongoing […]
Crypto Fraud: Hong Kong Police See Sharp Increase in Cases Over 70%
Hong Kong police have seen a significant increase in online investment fraud cases, with about 70% of them involving cryptocurrencies. There were 1,503 reported cases over the first ten months of 2022, which represents a 90% increase from 2021. As reported by RTHK, the most prominent case involving virtual assets included close to 20 million yuan. […]
Sushi, a DeFi Protocol, Lays Down Proposal to Support its Treasury
According to a governance proposal from the project developers, Sushi, a decentralized finance (DeFi) protocol, is dealing with a sizable deficit in its treasury that jeopardizes its long-term operational viability. The annual runway requirement for the project was lowered from $9 million to $5 million after reviewing expenditures, but the treasury still only covers about […]
Uniswap Still The Top Dog, But SushiSwap Isn’t Far Behind
Uniswap has held the title of champion for a long time. But what started as a simple fork has evolved into a serious challenger. Yes, we are talking about SushiSwap which has emerged as a potential rival and has grown from just a clone to the third-largest decentralized exchange [DEX]. Originally popped out as a […]
After SushiSwap exit, Will DeFi Listing be more Filtered on Exchanges?
The biggest strength of the digital asset industry is sometimes its biggest downturn. DeFi has been a prime example of the recent SushiSwap dilemma. When the collective valuation of all assets was high, Yield Farmers and the new DeFi projects were talking to the city. As their bubble burst over the past week, SuShiSwap-associated proponents […]
Uniswap Records More Trading Volume than Coinbase Pro; But Will the Hype Sustain?
Fueled by the DeFi frenzy, Uniswap, a decentralized exchange [DEX] on Ethereum has hit a fresh ATH of $1.828 billion in terms of the total value locked. The platform, which happens to be the world’s largest DEX in terms of its volume has managed to outpace some of the industry’s crucial centralized rivals such as […]
DeFi’s Latest Project KIMCHI Locks $500 Million Hours After Launch
The Decentralized Finance [DeFi] wing of the cryptocurrency ecosystem has been under the spotlight for some time now. Even though the pandemic quashed almost every other market, the DeFi market has been on an uphill journey. The benefits that the community sought from DeFi were beyond their expectations this further led to several venturing into the […]