DEX and interoperability upgrades show TomoChain (TOMO) wants DeFi dominance
TomoChain’s new interoperability upgrades and DEX show the team is serious about breaking Ethereum’s DeFi dominance. The cryptocurrency market started the year in full force and with all the bullish breakouts happening it can be difficult to discern which projects are simply being driven by the macro trend and which are making gains based on solid tech developments and improving fundamentals. As the price of Bitcoin dropped more than $11,000 between Jan. 10 and Jan. 11, a number of altcoins saw double-digit losses but a few DeFi and layer 2-oriented coins bucked the trend and quickly....
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Automated token exchanger LuaSwap is cutting costs by employing a second-layer alternative to transacting on the heavily crowded Ethereum mainnet. The number of projects adopting layer-two solutions for Ethereum’s scaling woes is increasing, with LuaSwap rolling out a new, TomoChain-based exchange engine yesterday.The change will enable the Uniswap inspired exchange to perform token swaps with greater speed and efficiency than many rival Automated Market Maker ERC-20 exchanges.1/ #LuaSwap version on @TomoChainANN blockchain is live, entirely open to all $TOMO and Ethereum projects Users....
One of the key aspects in delivering broader adoption of blockchain technology and DeFi is interoperability, which FinNexus has been focusing on to provide greater value to its users. In this vein, the DeFi start-up is continuing on its cross-chain deployment journey, adding Binance Smart Chain (BSC) to the list of platforms where it will open liquidity pools. The decision has been taken after a community vote that saw overwhelming support for BSC over its Huobi’s […]
Ethereum promises big things. Big projects are being built on its platform and its market cap is exploding. Its currency, ETH, recently touched an all-time high and decentralized applications running on its network are impressive. But there’s a catch. The platform is suffering from congestion: with so many apps and people using the network, gas fees are high and transactions can be slow. One platform, Singapore-based TomoChain, is proposing solutions. The smart contract company uses […]
Interoperability-focused projects that offer cross-chain bridges and lucrative liquidity mining pools are seeing an influx of funds right as DeFi’s TVL hit a new all-time high. Altcoins and DeFi tokens have been on a tear for the last two weeks and as the end of August approaches many projects are seeing their tokens reach for new all-time highs.Data shows that a majority of the top-10 DeFi tokens gained more than 20% in the past 30-days, with projects like Bancor (BNT) and THORChain (RUNE) seeing gains in excess of 115%. Top-10 DeFi assets by price. Source: MessariHere’s a look at some....
The crypto-economy has been sliding in value during the last 48 hours as the current market valuation for all 13,000+ crypto assets is $1.83 trillion. Furthermore, the total value locked (TVL) in decentralized finance (defi) protocols has slipped below the $200 billion mark to $196.02 billion on Sunday morning (EST). Meanwhile, Ethereum’s dominance is 55.54% of the current aggregate TVL held in defi today with $108.88 billion. Value Locked in Defi Protocols Sink, Ethereum Loses Decentralized Finance Dominance The value in defi protocols has slipped from the $251 billion mark at the....