BTC record in sight, ETH rallies, Uniswap disaster: Hodler’s Digest, Nov. 15–21

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.   Top Stories This Week Ray Dalio might be wrong Path to $20,000 Bitcoin price now wide open after previous resistance breaks Is… is this happening?! After encountering resistance at $18,420 (a price that was unthinkable even a few days ago), Bitcoin surged to new highs of $18,817. The…

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BTC record in sight, ETH rallies, Uniswap disaster: Hodler’s Digest, Nov. 15–21

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.   Top Stories This Week Ray Dalio might be wrong Path to $20,000 Bitcoin price now wide open after previous resistance breaks Is… is this happening?! After encountering resistance at $18,420 (a price that was unthinkable even a few days ago), Bitcoin surged to new highs of $18,817. The…

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Uniswap farming ends in 4 days, potentially freeing up $1.1B ETH

The world’s largest decentralized exchange, Uniswap, has just conducted its first community call primarily to discuss which direction to take when UNI farming concludes on November 17. But the call ended with no clear direction from Uniswap, and no proposals submitted for extending UNI farming or launching new pools, so next week may well bring a lot of volatility to the space. Uniswap has been running four ETH-based liquidity pools since September 17 that have been earning 583,333 UNI per week, per pool. The collateral injection of over $2.4 billion…

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Uniswap trader spends $9,500 in fees on $120 transaction

A clumsy trader claims to have “destroyed” their life after inadvertently paying $9,500 in fees for a $120 transaction on the decentralized exchange (DEX) Uniswap. On Nov. 5, Reddit user ‘ProudBitcoiner’ posted that he had accidentally paid 23.5172 Ether (ETH) for a single trade after getting the “Gas Limit” and “Gas Price” input boxes confused in the MetaMask wallet. “Metamask didn’t populate the ‘Gas Limit’ field with the correct amount in my previous transaction and that transaction failed, so I decided to change it manually in the next transaction […]…

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Uniswap Dark (UNID) Next Generation Defi protocol with Ultimate Security Futures, Token Pre-Sale is Now Live

PRESS RELEASE. Uniswap Dark is a uniswap fork that tackles impermanent and permanent loss. Our exchange provides a decentralized, peer-to-peer, and safe exchange platform with minimal fees and slippage to solve the problems. Usually, trading or swapping on Uniswap demands ERC-20 token to ETH involves a double swapping fee, but uniswapdark exchange enables stablecoin users to swap and stake as needed. The UniswapDark protocol is designed to help users swap their ERC-20 tokens in a trustful way across all of the platform’s native liquidity pools. In terms of its operability,…

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DeFi craze propels Uniswap monthly volume to $15.3B, surpassing Coinbase

Data from Dune Analytics shows that in the month of September Uniswap decentralized exchange processed $15.371 billion in volume. In the same period, reports indicate that Coinbase processed $13.6 billion. Monthly decentralized exchange volume. Source: Dune Analytics The significant spike in Uniswap’s volume can be attributed to two major factors. First, the explosive growth of decentralized finance (DeFi) and yield farming of governance tokens caused decentralized exchanges to thrive. Second, the launch of Uniswap’s governance token UNI led to a frenzy on the platform. June marked the start of a…

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Impermanent loss on Uniswap and other AMMs is always permanent

Alexis Direr, a researcher at the University of Orleans in France, has released a paper summarizing the mathematical underpinnings of Uniswap and other exchanges based on Automated Market Makers. Automated Market Maker is the term for a class of decentralized exchange that reached significant popularity in 2020, spearheaded by Uniswap. In a nutshell, these exchanges do away with traditional order books and instead rely on liquidity pools governed by a mathematical formula. Traders are always able to make a transaction with the pool for even the most illiquid tokens, but…

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SushiSwap’s liquidity grab actually made Uniswap stronger — Data shows

SushiSwap is widely thought to have syphoned liquidity from Uniswap but new data from Flipside Crypto, a cryptocurrency on-chain analytics resource, suggests that the decentralized exchange’s launch mechanism actually benefited Uniswap by bringing new money into its liquidity pools. On Aug. 28, SushiSwap announced that it would launch its own decentralized exchange and many in the DeFi community referred to the project as a “vampire mining attack”. After forking from Uniswap, the most popular decentralized exchange in the space, SushiSwap created an incentive structure for users to switch to their…

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Uniswap Captures $2 Billion Locked, Dex Volume Outpaces Second-Largest Centralized Exchange

The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s data shows out of all the decentralized finance (defi) application’s Uniswap dominates the $11 billion landscape by over 18%. Just recently, the defi space has touched a few new milestones as the ecosystem’s TVL this week has topped $11 billion. The dex Uniswap is dominating the defi landscape by 18.65% with over $2 billion TVL to-date. Uniswap is followed by Makerdao ($1.9B), Aave ($1.56B), Curve.fi ($1.22B), and the…

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Regulation, Uniswap controversy and how many use crypto worldwide

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   European Commission unveils digital finance package for crypto and blockchain The days of murky legal waters and uncertainty for the crypto industry could be coming to an end if the European Commission is to be believed. A new digital finance package has been unveiled that proposes new legislation on crypto assets in Europe, including “stringent requirements” on companies that issue stablecoins with a circulating…

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