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Decentralized exchange volumes hit $23.5 billion in September

Data for September shows that decentralized exchanges saw more than $23 billion in trade volume for the month. The approximately $23.5 billion in volume reflects a 103% month-over-month increase compared to August’s $11.6 billion, according to data published by Dune Analytics, which tracks volumes in the DEX ecosystem. September’s volume figure is higher than previously …

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Stablecoins Hit $20B Milestone, a Nearly 300% Year-to-Date Surge

News / By Cryptocurrency Market

The total value of stablecoins has now surpassed $20 billion, reflecting the growing demand of investors looking to hedge their risks in both crypto and traditional markets amid the coronavirus pandemic. Source link

First Mover: Bitcoins Hit Exchanges as Bloomberg Touts Crypto and DeFi Hedge Fund Seeks $50M

News / By Cryptocurrency Market

The upcoming U.S. presidential election has become one of the most contentious in history, fraught with searing divisions over everything from the economy to race to the continued health of democracy itself. So it’s not surprising that Wall Street options traders are now pricing in expectations of elevated market volatility around the November election. Analysts for the …

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Ethereum Classic Hit By Third 51% Attack in a Month

News / By Cryptocurrency Market

The Ethereum Classic blockchain suffered a 51% attack Saturday evening, its third 51% attack this month, noticed by mining company Bitfly, which also spotted the first attack on Aug. 1. UPDATE (Aug. 29, 23:03 UTC): Added comment from ETC Cooperative in third bullet point. Source link

Curve becomes third DeFi protocol to hit $1 billion in total value locked

News / By Cryptocurrency Market

Curve, a decentralized exchange (DEX) for trading stablecoins, has become the third decentralized finance (DeFi) protocol to hit $1 billion in total value locked. This milestone follows just one day after non-custodial lending and borrowing protocol Aave hit the $1 billion mark on Saturday. Earlier this week, Curve was forced to launch its governance platform …

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Aave becomes second DeFi protocol to hit $1 billion in total value locked

News / By Cryptocurrency Market

Aave, a non-custodial lending and borrowing protocol, has become the second decentralized finance (DeFi) protocol to hit $1 billion in total value locked. The milestone means Aave users have deposited $1 billion worth of assets into the protocol for lending and borrowing purposes. Aave recently announced version two of its protocol, preparing a suite of …

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Ethereum’s increased gas limit enables network to hit 44 TPS

News / By Cryptocurrency Market

The Ethereum network has been among one of the few major projects flourishing in the time of a dull market. Even though the price has been unreactive, the ecosystem has been noticing a faster-moving network, due to an increase in the gas limit. According to the data, the Ethereum gas limit has reached a new …

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The total supply of stablecoins has grown 94% since early February

Adjusted transaction volume for stablecoins hit new all-time high in June: data

News / By Cryptocurrency Market

The adjusted transaction volume for stablecoins hit a new all-time high in June, according to data collected by The Block. The development represents the third month in a row that the figure was above $40 billion, beating the previous high seen in April. Once again, that adjusted transaction volume was dominated by Tether. The data …

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