Rather than depending on traditional buyers and sellers in a market, Automated Market Maker uses liquidity pools to make the DeFi ecosystem liquid high all the time. When Uniswap started in 2018, it was the first decentralized marketplace to effectively…
PancakeSwap is more than another DeFi protocol with a food theme. It is the leading DEX on Binance Smart Chain. Binance Smart Chain is run by the world’s largest centralized cryptocurrency exchange, i.e., Binance. SushiSwap, Yam Finance, BakerySwap, Pasta Finance,…
If we are just getting started with cryptocurrencies, we have heard of wallet services, which enable us to store our funds online/ offline. MetaMask and Trust Wallet are two of the most popular crypto wallets among traders and hodlers. As…
There are 35 decentralized exchanges created on various blockchains, and the industry is quickly expanding. For example, Uniswap, which is on the Ethereum blockchain, has the highest trade volume of any DEX. Historically, centralized players dominated this field. However, as…
After FTX Collapse, Crypto users are looking for reliable and secure alternatives to trade and store their cryptocurrencies. While people think that DeFi is the future, this will take time. CEXes offer a better user experience for newbies than DEXes.…
Moons are ERC-20 tokens that are rewarded to Reddit users for their contributions to the r/CryptoCurrency subreddit. Reddit initially launched moons on Rinkeby testnet with the plan to migrate over to the Ethereum Mainnet. However, recently, Reddit has announced that Moons will be migrated…
GMX.io is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. It has around 90K total users. This article will give us a complete understanding of the GMX.io platform. GMX.io: Summary GMX.io is…
Futures trading is very popular in the crypto space. Although it was initially offered by well-known centralized exchanges such as Bitmex, Binance, and Bybit. Decentralized futures trading has been getting more attention recently. So today, we will discuss Perpetual protocol,…
Reddit has partnered with FTX to enable users to pay gas fees on transactions using Community Points. As a result of the partnership, FTX Pay will be integrated as a cryptocurrency exchange service, enabling new benefits for Reddit Community Points. Reddit’s new…
In simple layman’s terms, stablecoins are crypto assets pegged to the U.S. dollar. This is done to ensure price stabilization in the crypto market. However, recent events due to UST and USDD crashes have created a new fear, and the…
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