With crypto trading products appearing ahead of the legacy financial curve, it’s only a matter of time before they enter the mainstream. In 2017, many traders and investors flocked to cryptocurrencies because they were attracted by the kind of returns not available in the less-volatile traditional markets. However, volatility inevitably comes with risks as well […]
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Ethereum network use and transaction fees are rising to record highs, will this interfere with DeFi’s current expansion? The number of Ethereum network transactions more than doubled in 2020 and is now virtually identical to the January 2018 all-time high. As shown on the chart below, the number of transactions doubled in the past six […]
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The growth of decentralized exchanges in 2020 has been phenomenal, but there is a hard ceiling with current technology. Decentralized exchanges, also known as DEXs, have risen significantly in popularity since the start of 2020, with both their user bases and volumes growing at an accelerating pace. The sector is currently being driven by so-called […]
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Is Ethereum’s architecture to blame for the growth of decentralized finance hacks, and will the network upgrade make the sector more secure? The decentralized finance sector continues to gain unprecedented popularity as the total value of assets locked in DeFi products doubled to over $4 billion in July and is now approaching the $5 billion […]
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“I loved crypto. I loved the libertarian ideas. At that time, everyone was talking about freedom, about privacy, about the necessity of changing finance, about giving back financial freedom to people. I really believed in that and I still believe in such ideas.” Robert Wiecko is getting back into playing electric guitar. Armed with his […]
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We look at the data from Google and DeFi protocols to uncover what’s behind the inexorable rise of LINK? Chainlink (LINK) has experienced a meteoric rise this year, becoming a top five crypto asset by market capitalization. We took a look at the data from the decentralized finance space (DeFi) as well as Google to […]
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Chainlink’s integration domination continues. Plasm, a smart contract protocol built on Polkadot’s Substrate framework, has integrated Chainlink’s (LINK) price feeds. Interestingly, the oracle project itself will likely soon become a Polkadot parachain. Polkadot has a modular design wherein various parachains serve particular use cases. Its mainnet does not have smart contracts, but Plasm hopes to […]
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Has the meteoric rise of DeFi tech been brewing behind the scenes for quite some time now, or is it just a fluke? It’s no secret that 2020 has been the year of decentralized finance when it comes to the crypto world. In this regard, a number of DeFi tokens have enjoyed value surges recently, […]
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Investment analyst Timothy Peterson says Chainlink (LINK) price might hit $32 by the end of 2020, but holding that level would be impossible. Timothy Peterson, a chartered alternative investment analyst, says Chainlink (LINK) token could be valued at $32 by the end of 2020. Peterson’s comments come just days after LINK rallied by 88% over […]
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This exchange aggregator thinks it can do better than the exchanges it aggregates. Decentralized exchange aggregator 1inch.exchange has launched its own DEX. As part of their efforts, they promised to fix two major issues with this type of exchange — front-running and impermanent loss. Announced on Tuesday, the Mooniswap exchange is an automated money market, […]
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