How Solana Blockchain-Based Automated Market Maker (AMM) Solanax Is Set to Re...
Solanax, the Automated Market Maker or AMM based on Solana blockchain, is making a difference in the decentralized finance or DeFi space due to its faster blockchain speed, better and simple interface, and low gas price. As a result, it continues to drive investors to its private sales. Automated market makers (AMMs) have come a […]
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As a result of the recent cryptocurrency market explosion, crypto enthusiasts are thinking about the potential long-term growth of cryptocurrencies and which are worth investing in. Solanax is an automated market maker (AMM) based on the Solana blockchain, which is set to be a game-changer in the cryptocurrency world. If you haven’t yet gotten your […]
An Innovation Offered By Alfprotocol, Making Full Use Of Bonding Curves Alfprotocol is a Solana protocol for the capital deployment of liquidity provision and yield farming, with and without leverage. The protocol includes implementing an invariant-based Automated Market Maker protocol and a money market for short-term loans for exchange activities. The Solana ecosystem’s most important […]
The automated protocol will launch with new features allowing bitcoiners to create their own liquidity pools, fees, and perform trustless swaps.
Several prominent investors took part in the Orca fundraiser, including Three Arrows Capital, Polychain and Coinbase Ventures. Solana ecosystem project Orca has concluded an $18 million Series A investment round led by some of the biggest venture funds in crypto, offering further evidence that high-profile investors are keen to back SOL-based startups. Orca, which operates as a decentralized exchange, will use the funds to continue developing its automated market maker solutions for Solana, the company announced Wednesday. The raise comes less than eight months after the project was....
A recent report by Consensys says the surge in decentralized exchange (DEX) volumes in Q3 of 2020 is down to their adoption of the automated market maker (AMM). According to the report, DEXs that use AMM, a software that algorithmically creates token trading pairs, now represent 93% of the market. The good side of AMMs Already, as a consequence of using the AMM, Uniswap’s September traded volume topped $15.4 billion, a figure nearly $2 billion ahead than that of Coinbase’s. Prior to the surge in the use of AMMs, order-books were used instead. The Consensys Defi report asserts....