THORChain, a decentralized crypto trading protocol capable of cross-chain swaps, has emerged as a prominent player in the decentralized exchange (DEX) landscape by securing the third-highest trading volume in the past week. Users appear drawn to the high yield associated with its native token, RUNE. Last week, THORChain’s trading volume hit $1.32 billion, third to […]
Ethereum Foundation loses $9,101 to MEV Bot in Uniswap V3 transaction, while bot gains $4,060. This setback dealt a significant blow to Ethereum, the second-largest blockchain network. This data highlights an increasing problem of sandwich attacks in the crypto sphere. Over the past 30 days on the Ethereum chain alone, a staggering $1.3 million has […]
The Uniswap Foundation aims to secure an additional $62 million in funding. They plan to allocate $15 million annually towards community grants supporting decentralized finance (DeFi) projects. The second tranche of funding is subject to an on-chain vote scheduled for October 4. This funding will bolster the development efforts of Uniswap, the leading decentralized exchange […]
Grayscale’s legal win over SEC led to Uniswap surge with increased Ethereum buying after the news spread. According to reports from LookOnChain, when the price of ETH increased by 4%, one whale purchased 8,000 ETH in a single transaction, paying them 13.6 million USDC. The price of $ETH jumped ~4%. And a whale spent 13.66M […]