How SushiSwap’s New Products Could Propel It to the DeFi Top
The DeFi sector saw a sharp drooped in its Total Value Locked, according to DeFi Pulse data. At the time of writing, the metric is recovering quickly and stands at $54.93B. Sitting at the number six spot on the top 10 DeFi protocols by TVL with $3.88B, SushiSwap could be on the verge of taking […]
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Uniswap’s response to SushiSwap’s vampire mining attack is one of the most important moves in the DeFi space. Uniswap’s new UNI token has created a buzz in the DeFi world, with over 13,000 users claiming their tokens within three hours of its launch. This move was in response to SushiSwap’s decision to migrate almost $1 billion of funds from Uniswap through a “vampire mining” attack, which is the migration of an exchange’s funds/liquidity to another source.This move by SushiSwap essentially sparked one of the more important rivalries in decentralized finance, led by Sam Bankman-Fried, CEO....
The total value locked away in DeFi applications has breached over $11 billion and is still climbing. This record inflow of decentralized finance capital could continue to propel Chainlink’s bullish momentum further. Here’s why this cryptocurrency central to DeFi data could surge higher alongside this rapidly skyrocketing statistic. DeFi Inflows Peak Over Record $11 Billion, […]
Decentralized Finance (DeFi), a product of cryptocurrency’s evolution since the introduction of Bitcoin more than a decade ago is now in a position to mirror the traditional financial products and services. Many entrepreneurs have identified the huge untapped potential of DeFi to create products and services that are breaking new grounds in recent times. One […]
SushiSwap has once again taken center stage in the decentralized finance (DeFi) space. The decentralized exchange’s liquidity has seen an exponential explosion over recent days while the SUSHI token itself has gained 200% from the local lows set just weeks ago. SushiSwap has had a bit of a storied history. It was launched as a […]
The decentralized finance (DeFi) sector is easily one the most potent and promising parts of the world’s growing finance industry. As the name implies, decentralized finance removes central authorities and intermediaries from the sector, granting the public direct access to financial products at the best possible rates. Essentially, banks and other financial institutions can no longer exert their control over the market, putting the power into the hands of everyday individuals. There are several advantages to using DeFi. One of the most noticeable is the autonomy it provides the public.....