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DEX capacities have before now surpassed $120b in 2021 https://www.btcwires.com/c-buzz/dex-capacities-have-before-now-surpassed-120b-in-2021/
https://www.btcwires.com/?p=49025
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<p>Feb 25, 2021 08:53&amp;nbspUTC</p>
<p> | Updated: </p>
<p>Feb 25, 2021 at 08:53&amp;nbspUTC</p>
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<p class=”author”><span>By</span>&amp;nbsp<a href=”https://www.btcwires.com/author/btcadmin/”>Clark</a></p>
<p>DEX trading capacities on ETH success $63 billion in Jan. smashing the sector’s earlier record of $28 billion. ETH powered decentralized exchanges, or DEXes, remain to flow notwithstanding high transaction fees — with DEXes dispensation more than $120 billion in 2021 so far.</p>
<p>Rendering to ETH market analytics stage Dune Analytics, joint DEX volumes posted a novel record of $63 billion in Jan. February’s volume presently sits at $59 billion &amp; is on path to hit $67 billion at the month’s finish.</p>
<p>DEXes have previously treated more volume in the first 2 months of 2021 than throughout all preceding years combined.</p>
<p>The ETH powered DEX sector is quite dominated by Sushiswap &amp; Uniswap, who account for 65% of Feb’s trade joint. Uniswap presently represents more than binary Sushi’s volume, supervisory almost 50% of DEX market share.</p>
<p>Though, looking at the weekly number of active traders on apiece stage displays that Uniswap signifies more than 3 quarters of Ethereum DEX users. Over the previous 7 days, closely 142,000 exclusive wallets traded on Uniswap, followed by decentralized exchange aggregator 1inch with unevenly 18,450 traders, &amp; SushiSwap with 8,911.</p>
<p>Though, not all DEX trading action is occurring on ETH, with Binance Chain’s Pancake Swap rolling to report a everyday trading volume late of more than $1.1 billion.</p>
<p>Notwithstanding approximately users traveling away from ETH founded DEXes, confidence in the sector as a entire is at an all-time high, with the total value protected in these exchanges sitting above $40 billion for the first time during new weeks.</p>
<div class=”authorbox”><span class=”avtar”><i> <img alt src=”https://secure.gravatar.com/avatar/f0bf6ee700495b85ef9cea9fe2c396b6?s=82&amp;d=identicon&amp;r=g” srcset=”https://secure.gravatar.com/avatar/f0bf6ee700495b85ef9cea9fe2c396b6?s=164&amp;d=identicon&amp;r=g 2x” class=”avatar avatar-82 photo” height=”82″ width=”82″> </i></span><span class=”auth_text”><h5><a href=”https://www.btcwires.com/author/btcadmin/”>Clark</a></h5><p>Head of the technology.</p></span></div>

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<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Thu, 25 Feb 2021 08:53:08 +0000 Clark
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https://www.btcwires.com/c-buzz/dex-capacities-have-before-now-surpassed-120b-in-2021/
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India’s Biggest crypto exchange accepts decentralized Unstoppable Domains https://www.btcwires.com/c-buzz/indias-biggest-crypto-exchange-accepts-decentralized-unstoppable-domains/
https://www.btcwires.com/?p=49023
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<p>Feb 25, 2021 08:27&amp;nbspUTC</p>
<p> | Updated: </p>
<p>Feb 25, 2021 at 08:27&amp;nbspUTC</p>
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<p class=”author”><span>By</span>&amp;nbsp<a href=”https://www.btcwires.com/author/btcadmin/”>Clark</a></p>
<p>India’s Biggest cryptocurrency exchange will usage Unstoppable Domains to make &amp; host blockchain-based URLs, notwithstanding the nation’s imminent BTC ban. India’s Biggest cryptocurrency exchange, Unocoin, has accepted the blockchain founded Unstoppable Domains, which abridges crypto transactions by rotating blockchain addresses into human clear web URLs.</p>
<p>Proclaimed on Wed. the partnership between Unstoppable Domains &amp; Unocoin — both subsidized by Silicon Valley investor Tim Draper — is predictable to decrease remittance costs &amp; abridge the transaction procedure for the exchange’s 1.2M operators.</p>
<p>Unstoppable Domains goes crypto addresses into decentralized websites on the ETH &amp; Zilliqa blockchains. In its place of distribution coins to a 42-character blockchain address, Unstoppable Domains lets users make humble URLs finale in ‘.crypto’ &amp; ‘.zil’ extensions. Domain names requirement only be purchased once, &amp; then exist persistently on the blockchain without needful any renewal or maintenance fees.</p>
<p>The decentralized feature of Unstoppable Domains should be of specific interest to Indian crypto users, particularly amid the furor shaped by the Finance Ministry’s decision to prohibit the usage of BTC &amp; other cryptocurrencies.</p>
<p>Pushback in contradiction of the country’s strategy to outlaw cryptocurrency has arisen on social media in the procedure of the #IndiaWantsBitcoin campaign. Notwithstanding regulatory doubt, the co-founder &amp; CEO of Unocoin, Sathvik Vishwanath, get the adoption of Unstoppable Domains as being in line with the maturing of the crypto industry in India. Vishwanath held:</p>
<p>‘The cryptocurrency space is growing. In line with the development of the industry, Unocoin purposes to offer its users the best possible experience. Mixing the .crypto domain is an important step not only for Unocoin operators but also for additional exchanges in the country traveling simpler &amp; more user-friendly choices for their users.’</p>
<p>Brad Kam Unstoppable Domains co-founder referenced the unwillingness of the Indian government to permit the feast of cryptocurrency within its limits:</p>
<p>‘India’s population has been factually scorned from cryptocurrency. Unstoppable Domains is happy to deliver the seamless sending &amp; receiving of cryptocurrency to Unocoin’s users. Our goal is to simplify cryptocurrency addresses, &amp; found human-readable names as the domain standard crossways wallets &amp; exchanges.’</p>
<p>On Wed. RBI Governor Shaktikanta Das reiterated the central bank’s meaning to generate its personal centrally delivered currency, the digital rupee. This follows a mutual tendency that has arisen in recent years as national governments effort to reign-in the feast of decentralized cryptocurrencies &amp; substitute them with digital forms of current fiat currencies.</p>
<p>Cointelegraph reported Unstoppable Domains was later combined into Cloudflare’s Distributed Web Resolver, sense any web browser can now admission the .crypto URL extensions.</p>
<p>A spokesperson for Unstoppable Domains established to Cointelegraph that even if Unocoin were to be shut down in the close future, the addresses &amp; URLs created through the stage would remain unaffected.</p>
<div class=”authorbox”><span class=”avtar”><i> <img alt src=”https://secure.gravatar.com/avatar/f0bf6ee700495b85ef9cea9fe2c396b6?s=82&amp;d=identicon&amp;r=g” srcset=”https://secure.gravatar.com/avatar/f0bf6ee700495b85ef9cea9fe2c396b6?s=164&amp;d=identicon&amp;r=g 2x” class=”avatar avatar-82 photo” height=”82″ width=”82″> </i></span><span class=”auth_text”><h5><a href=”https://www.btcwires.com/author/btcadmin/”>Clark</a></h5><p>Head of the technology.</p></span></div>

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<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Thu, 25 Feb 2021 08:27:24 +0000 Clark
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https://www.btcwires.com/c-buzz/indias-biggest-crypto-exchange-accepts-decentralized-unstoppable-domains/
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ETH on path to relax $1.6 trillion this quarter https://www.btcwires.com/c-buzz/eth-on-path-to-relax-1-6-trillion-this-quarter/
https://www.btcwires.com/?p=49021
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<p>Feb 25, 2021 08:21&amp;nbspUTC</p>
<p> | Updated: </p>
<p>Feb 25, 2021 at 08:21&amp;nbspUTC</p>
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<p class=”author”><span>By</span>&amp;nbsp<a href=”https://www.btcwires.com/author/btcadmin/”>Clark</a></p>
<p>ETH’s quarterly settlement worth is on course to upsurge by 1,280% year-over-year. ETH practice is surging this year, with the worth of transactions established on the network skyrocketing throughout 2021. Rendering to research from Messari, ETH has settled $926 trillion value of transactions this quarter so far — 700% more than it processed during Q1 2020.</p>
<p>The network is presently on-pace to settle $1.6 trillion in transactions for the 1<sup>st</sup>&nbsp; quarter of this year. In the previous twelve months, ETH has previously settled $2.1 trillion in transactions.</p>
<p>If Messari’s $1.6 trillion prediction is precise, ETH’s quarterly settlement worth will have augmented 1,280% likened to Q1 2020, &amp; more than 5,000% likened to Q1 2019.</p>
<p>Messari researcher Ryan Watkins renowned the data counters the usual story that ETH is sighted an exodus of operators amid its high gas fees, exclaiming:</p>
<p>‘Incredible scale for a technology that detractors claimed could not scale.’</p>
<p>ETH’s recent surge in settlement worth can be attributed to volatile development in the DeFi &amp; non-fungible token sector — most of which is founded upon ETH.</p>
<p>The huge demand on the network has produced gas prices to surge to all-time highs. With numerous retail traders progressively getting priced out of by means of the ETH mainnet for lesser transactions.</p>
<p>Average ETH transaction fees spiked to record highs of $40 on February 23, with Ethereum making $50M value of transaction fees in a sole day.</p>
<p>Cryptofees.information is currently reporting an average everyday fee generation of $32M for ETH over the previous 7 days. Relatively, BTC has made just $8M daily on regular over the previous week.</p>
<p>Rendering to Bitinfocharts.com, average transaction fees rushed to a record high of nearly $40 on February 23. At the time of writing, ETH’s fees have recoiled to $21 on average.</p>
<p>On February 24, Cointelegraph reported that a fat-fingered DeFi user incorrectly paid more than 25 ETH value $36K for a transaction this week.</p>
<p>Amid the high fees, Crypto influencers are influence an faster launch of ETH 2.0 to alleviate pressure on the overfilled proof-of-work blockchain.</p>
<div class=”authorbox”><span class=”avtar”><i> <img alt src=”https://secure.gravatar.com/avatar/f0bf6ee700495b85ef9cea9fe2c396b6?s=82&amp;d=identicon&amp;r=g” srcset=”https://secure.gravatar.com/avatar/f0bf6ee700495b85ef9cea9fe2c396b6?s=164&amp;d=identicon&amp;r=g 2x” class=”avatar avatar-82 photo” height=”82″ width=”82″> </i></span><span class=”auth_text”><h5><a href=”https://www.btcwires.com/author/btcadmin/”>Clark</a></h5><p>Head of the technology.</p></span></div>

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<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Thu, 25 Feb 2021 08:21:01 +0000 Clark
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https://www.btcwires.com/c-buzz/eth-on-path-to-relax-1-6-trillion-this-quarter/
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