Pump.Fun’s PumpSwap decentralized exchange (DEX) saw a significant surge last week, processing $2.5 billion in trades—a 40% increase. This remarkable growth highlights the increasing demand for decentralized trading platforms in the cryptocurrency market.
Despite the recent decline in memecoin popularity, Solana’s decentralized exchange (DEX) volumes continue to hold their ground, rivaling those of Ethereum. VanEck highlights this resilience, signaling strong interest in Solana’s DeFi ecosystem amid market fluctuations.
**Shiba Inu Devs Unveil Groundbreaking Shibarium Update: Empowering the Community**
Shiba Inu, the popular decentralized finance project, has made significant strides in the development of its Layer-2 scaling solution, Shibarium. This major update promises to enhance the ecosystem’s scalability, reduce transaction fees, and introduce new features. Shiba Inu developers recently unveiled key details of the Shibarium Beta launch, including:
– **Improved Scalability:** Shibarium will process transactions significantly faster than the Ethereum mainnet, addressing scalability issues currently faced by the Shiba Inu community.
– **Lower Transaction Fees:** By utilizing a secondary network, Shibarium will drastically reduce transaction costs, making it more accessible for users to engage with the ecosystem.
– **Enhanced Security:** Shibarium’s integration with the Ethereum mainnet will provide added security and stability for network operations.
ThorChain’s native token RUNE skyrocketed by 83% over the past week, pushing it to become the third biggest decentralized exchange (DEX) by market capitalization. So what caused this sudden surge? Let’s take a look and find out.
1inch, a DEX aggregator, has officially launched on Coinbase’s Base blockchain, providing users with improved access to liquidity, fees, and a seamless trading experience.
Polygon has announced a $1.5 million institutional investment in the Decentralized Exchange (DEX) platform D8X. The investment signals Polygon’s goal for the Decentralized Finance (DeFi) industry to surpass traditional Centralized Finance (CeFi).