has long reigned supreme as the go-to network for Decentralized Applications and Decentralized Exchanges , with most smart contract platforms operating on its blockchain.suggested that Ethereum’s grip on DEX dominance was waning. This shift can be attributed to two factors.
Firstly, the decreasing dominance in DEX volumes could be attributed to the emergence of alternative Layer-1 DeFi ecosystems.However, when market downturns hit in 2022, many large entities were wiped out. It also caused trading volumes to shift back to the mainnet.depeg. During this time its DEX volume dominance reached an impressive 80% – a level not seen since the beginning of 2021.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Surge in Ethereum [ETH] active deposits spawns hope of $2,000, more insidePEPE, a new memecoin, has caused a surge in Ethereum active deposits, with traders converting their profits into ETH and potentially driving the price above $2,000.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Cardano vs Ethereum: How do the performances of these altcoin giants stack up?Ethereum bulls have done a better job in breaking past crucial resistance levels than Cardano, and the stronger demand behind ETH was key to explaining the minor differences on their price charts.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Cardano NFTs grow from strength to strength – enough to flip Ethereum and Solana?The NFT bear market may have offered other blockchains a chance to compete with the stakeholders. Cardano NFTs seem to be leading this charge.
Source: CryptoAmb - 🏆 22. / 68 Read more »
How Curve Finance [CRV] fixed its error, redeployed crvUSD stablecoin on EthereumThe DeFi protocol resolved its oversight of a flaw, finally launching the crvUSD stablecoin on the Ethereum Mainnet.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum [ETH]: Dipping prices, rising negative sentiments and everything in betweenThe number of active validators on the proof-of-stake network of Ethereum declined considerably after the Shapella upgrade was implemented on 12 April.
Source: CryptoAmb - 🏆 22. / 68 Read more »
As Ethereum [ETH] continues to burn, what should HODLers do?Ethereum burned surges over the last 24 hours. Interest from retail investors remains high, developers discuss new additions to the future Deneb upgrade.
Source: CryptoAmb - 🏆 22. / 68 Read more »