Here’s The XRP ‘Perpetual Buyer’ That Could Bring about $700 Million In Buyin...
A new product was launched at XRP Seoul 2025, designed to act as a constant buyer of XRP. At the event, Midas and Interop Labs announced the start of mXRP, a tokenized version of XRP that can earn yield while staying fully transferable. The model recycles returns back into XRP, which experts say could generate […]
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Despite executing 179,000 transactions during its first month of operation, the xDai-powered Perpetual Protocol spent just $183 on gas fees. Perpetual Protocol, a DeFi project offering decentralized perpetual contracts using the layer-two Ethereum scaling solution xDai, has emerged as the sixth-largest DEX by weekly trade volume after operating for only one month.Based on data from Dune Analytics shared by Perpetual Protocol, the DEX’s weekly trade volume of more than $299 million would rank the project above the likes of Synthetix, dYdX, and Kyber, and below Balancer.The milestone was....
Newly launched DeFi derivatives platform Perpetual Protocol crosses open interest milestone in barely 24 hours. Perpetual Protocol, a new DeFi derivatives exchange, revealed that the platform had already crossed its $500,000 open interest (OI) cap for decentralized perpetual contracts. The announcement is coming less than 24 hours after the mainnet launch of the service on Wednesday.Following the achievement, the project has decided to double its OI limit to $1 million as well as the personal position cap for Bitcoin (BTC) and Ether (ETH) trading pairs. The limit was introduced to limit....
While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.”
Solana Perpetual Swap Exchange Drift Reveals Mainnet Launch, Raises $3.8 Million
While centralized exchanges like Binance, FTX, Bybit, and Bitmex offer crypto-based perpetual swaps, decentralized....
The month of August has been largely uneventful for Bitcoin so far, with the premier cryptocurrency having struggled to reclaim the $65,000 price mark since August 2. Currently, Bitcoin is slightly below $60,000 as the bulls and bears seek to grab control in what has been a range-bound market for the past week. Interestingly, CryptoQuant analyst XBTManager has shared revelations that indicate the BTC market is likely to maintain its current bearish form for the time being. Related Reading: Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift Wide Spot-Perpetual....
DeFi is a revolutionary concept in which traditional financial products and services can be operated without intermediaries like banks. The emergence of Uniswap created alternatives for traders to access liquidity, and since then there’s been an explosion of decentralized exchanges and quite a lot of decentralized perpetual swap protocols have been developed. However, data shows that although decentralized perpetual swap protocols should be seeing about $4.7B in trading volume based on Uniswap’s daily average, combined, […]