A rumor of a potential KiloEx initial DEX offering on PancakeSwap was debunked after further clarification revealed that the transaction was a gas optimization update, not a new IDO launch.
Binance Wallet and PancakeSwap have joined forces to host the exclusive Token Generation Event (TGE) for KiloEx (KILO).
Traders can look to go long on CAKE, but liquidation heatmap shows a minor price dip was upcoming.
dYdX has announced its first-ever buyback program, committing 25% of protocol fees to buy DYDX on the open market. Based on last year's revenue numbers, that could amount to over 11M in DYDX purchased per year.
TL;DR dYdX has launched a token buyback program to strengthen network security and improve the utility of its native token. 25% of the protocol's monthly net fees will be allocated to token buybacks, with the tokens being staked to enhance the network's resilience.
dYdX, the decentralized perpetual contracts trading platform community, has officially launched the first-ever $DYDX Buyback Program, a major move for the protocol. The post dYdX Community Launches DYDX Buyback Program appeared first on Cryptonews.
DeFi protocol dYdX has announced the launch of a token buyback program. The protocol plans to spend 25% of its net protocol fees on buying back the DYDX token from the open market.
dYdX will begin monthly token buybacks with 25% of its annual net protocol fees via its Treasury SubDAO.
With 85% of DYDX tokens already unlocked, dYdX is rolling out a buyback program to pump value back into the ecosystem.
DYDX price has surged by nearly 9% after dYdX announced its new buyback program. The decentralized derivatives exchange will use 25% of the protocol fees to repurchase DYDX from the market.
Decentralized trading exchange dYdX has introduced a token buyback program to strengthen network security and enhance the utility of its native token, DYDX. According to a March 24 announcement, the protocol stated that it would allocate 25% of its net monthly fees to buy DYDX tokens from the open market.
DYdX is allocating 25% of protocol fees to the program, with active governance discussions on an increase to 100%.
Decentralized finance (DeFi) trading platform dYdX announced its first-ever token buyback program on March 24, aiming to reinvest in its ecosystem to enhance security and governance.According to the announcement, 25% of the protocol's net fees will be dedicated to monthly buybacks of its native dYdY (DYDX) token on the open market. Following the announcement, DYDX surged over 10% and was trading at approximately $0.731 at the time of writing, according to CoinGecko.
PancakeSwap witnessed remarkable growth over the past few sessions, with its trading activity increasing by nearly 60% within the past week. The renewed investor and trader optimism saw CAKE gaining over 17% in the last seven days. The remarkable upside coincided with increased trader activity on PancakeSwap.
The competition among decentralized exchange platforms (DEX) has seen a significant shift. PancakeSwap has surpassed Uniswap in weekly transaction volume, claiming the top spot among decentralized exchanges. In a tweet, CoinMarketCap highlighted this milestone of Pancakeswap, explaining that the platform traded 14 billion dollars in one week with a growth of 58.04%. Pancakeswap thus surpassed Uniswap.
Crypto whales are making big moves on PancakeSwap's CAKE token.
Here's how some of your favorite assets concluded the week.
Per data aggregated from coinmarketcap.com and defillama.com, the decentralized exchange (DEX) platform Pancakeswap has eclipsed Uniswap in seven-day trading volume this week. DEX Volume Wars Analytics unveiled via a Sunday post on X by coinmarketcap.com's social media account reveal that the DEX Pancakeswap secured the top position in this week's trading volume figures.
Crypto prices had a mixed performance last week after the Federal Reserve left interest rates unchanged and the U.S. Securities and Exchange Commission ended its appeal against Ripple Labs.
PancakeSwap has claimed the top position in global decentralized exchange (DEX) rankings, achieving over $14 billion in weekly trading volume. According to CoinMarketCap data, PancakeSwap (CAKE) has seen an impressive 58.04% increase in activity over the past week.
PancakeSwap (CAKE) has experienced a notable recovery recently, surging by 55% over the past week. This sharp rise has reversed the significant losses seen in late February, with the altcoin now trading at $2.68.
In the current market uncertainty, whale interest appears to have shifted to CAKE, the native token of PancakeSwap. Recently, data from the on-chain analytics firm Santiment reported that PancakeSwap leads all assets in whale activity, having skyrocketed over the past week.
PancakeSwap price has led the broader market gains this Saturday, soaring nearly 10% amid renewed market interest. The protocol's trading volume in the past 24 hours topped $2.5 billion, overtaking Uniswap and securing the pole position in terms of trading volume on DEXs.
Bitcoin analysts remained bearish as charts signalled more pain ahead.
This week has seen a resurgence in trading activity in the crypto market. It is reflected by the spike in global crypto market capitalization, which has grown by $101 billion in the past seven days.
PancakeSwap, the biggest decentralized exchange on BSC Chain, has doubled in the last 30 days even as most cryptocurrencies crashed. PancakeSwap (CAKE) jumped to a high of $2.
TL;DR PancakeSwap solidifies its position as the third-highest revenue-generating protocol in the last 24 hours, reaching $4.56 million and surpassing platforms like Uniswap, Jupiter, and Lido. The price of CAKE has surged 45.72% over the past week, driven by the platform's growth and increasing investor interest.
The crypto market today was a bit upbeat as the market reflected on the latest Federal Reserve interest rate decision and the decision by the Securities and Exchange Commission (SEC) to end its Ripple Labs appeal.
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PancakeSwap's CAKE token is the market's top performer today, surging 21% in the past 24 hours. At press time, the altcoin trades at $2.56.
CAKE formed a God candle on March 18, jumping 23% to hit an intraday high of $2.63 while pushing its weekly gains close to 70%. The altcoin's daily trading volume tripled to around $1.
PancakeSwap's CAKE token has surged 37% in the past 24 hours, reaching $2.49, and has seen a 57% increase over the past week.
PancakeSwap (CAKE) has increased 40% in the last 24 hours, and its revenues have climbed to $19 million over the past seven days, behind only Tether, Circle, and Jupiter.
Bitcoin's next move would be impacted by key economic events set to unfold this week.
Decentralized exchange PancakeSwap is reaping the rewards of a Binance Smart Chain surge—sending its CAKE token flying.
CAKE, the native cryptocurrency of PancakeSwap, a decentralized exchange on the BNB Chain, has surged over 45% within the last 24 hours.CAKE surged from a low of $1.78 to a high of $2.69 in early Monday's session, extending yesterday's recovery from lows of $1.383. At the time of writing, PancakeSwap was up 40% to $2.48 and up 59% weekly.
PancakeSwap (CAKE) is showing strong bullish momentum with a 15% surge in price.
PancakeSwap's native token CAKE surged 15% as the trading platform overtook other decentralized exchanges in daily trading volume, reaching $1.64 billion.
The influence of Changpeng 'CZ' Zhao drives the BNB Chain adoption as Solana's activity slows down.
After retesting and rebounding from a crucial support level of around $1.55 in the past few weeks, PancakeSwap (CAKE), the largest decentralized exchange (DEX) on the BNB chain, has signaled a shift to bullish sentiment.
The short-term sentiment behind CAKE appeared bullish- could this lead to increased bidding and a move beyond $2.16 next?
The crypto market today held steady as investors remained optimistic that the worst is now behind us. This hope rose after stocks and crypto prices surged on Friday, with the top three US indices like the Dow Jones, Nasdaq 100, and S&P 500 rising by over 1.5%.
Ethena's daily revenue has surpassed PancakeSwap and Jupiter, trailing only behind Tether and Circle. Following this achievement, ENA rose 4%.
The total cryptocurrency market cap has lost more than $1 trillion in the past three months, causing intensified panic selling.
dYdX updated its roadmap to prioritize faster transactions, stability, and a better trading experience, aiming for expanded assets and advanced features to attract more users The post dYdX Updates Roadmap for Faster Trading and Enhanced User Experience appeared first on Cryptonews.
Decentralized perpetual contracts trading platform dYdX has updated its near-term roadmap which details improvements focused on enhancing speed and user experience as well as rollout of new trading features.
dYdX has announced a new strategic roadmap aimed at strengthening its position in the decentralized derivatives market. With the rapidly evolving landscape, the team is prioritizing platform stability, enhancing user experience, and expanding available trading tools.
Binance announced that it would host Bubblemaps' (BMT) Token Generation Event (TGE) on PancakeSwap.