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Uniswap is the most widely used Layer 2 decentralized exchange (DEX) built on Ethereum and currently accounts for approximately 37% of total L2 trading volume. This represents a notable increase compared to trading volumes two years ago. Uniswap L2 volume spikes over 650% Tom Wan, a researcher at 21.co, noted in a post on This increase has increased its trading volume from about $4 billion in 2022 to more than $30 billion this year. .@Uniswaptrading volume is increasing on L2 and now accounts for 37% of total trading volume. Since 2022, Uniswap's L2 trading volume has increased from $4 billion…

Declining T2 balances bode well for euro area stability – Risk.net End of drawer navigation content Skip to main content Marcello Minena says the effects of fragmentation are not as severe today as they were in the 2010s Interest rates in the euro area have been below zero for 10 years, but are now trending back into positive territory. This, combined with the gradual reduction of the Eurosystem's balance sheet by the European Central Bank and national central banks (NCBs), has reduced the amount of risk spread across member states' financial systems. This means that if a country were to…

The price of Bitcoin took a hit, soaring to below $60,000. BTC could gain bearish momentum if the daily closing price falls below the $60,000 support zone. Bitcoin began to decline again, trading below the $61,200 zone. The price is trading below $62,000 and the 100 hourly simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) has a connecting bearish trendline forming resistance at $60,400. It broke above $60,400 this week and could accelerate its decline if it fails to recover above $62,000. Bitcoin price reaches support Bitcoin price fell below the $62,500 support level…

Ethereum (ETH), the world's second-largest cryptocurrency, is caught in a tug-of-war between positive developments and cautious market sentiment. Recent upgrades and network growth paint a bright future, but short-term price trends remain subdued.Ethereum wins DEX crownEthereum has emerged as the leader in decentralized exchange (DEX) trading volume, capturing 37.1% of the market share in March. Ethereum’s dominance reflects his established position in the DeFi space, despite facing stiff competition from Solana (21.3%) and his BNB Smart Chain (15.1%).Ethereum network is growing rapidlyIn March, DEX trading volume across all blockchains reached a record high of $190 billion, demonstrating the rapid growth…

Share this article Bitcoin (BTC) has fallen to $59,500 on Binance ahead of tomorrow's Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve, with expectations that interest rates will remain unchanged.According to the CME FedWatch tool, only 4.4% of economists expect interest rates to fall for the first time in more than a decade, with the majority (95.6%) expecting rates to remain stable between 525 and 550 basis points.According to Kobeisi Letter, current market data suggests a 36% chance of no rate cut this year. Four months ago, there was only…

NEW YORK, May 1 — Eurozone stocks fell yesterday, weighed down by a strong euro as investors digested positive economic news, while Wall Street stocks fell on disappointing data. Frankfurt and Paris stocks fell, but the euro rose against the dollar, with figures showing the euro zone economy emerged from recession with subdued inflation in the first quarter. The euro then gave up its rise and began to fall.advertisement advertisement Meanwhile, London markets soared to a new high of 8,199.95 points, and HSBC soared more than 4% on a raft of share buybacks, despite a drop in first-quarter profits and…

Read U.TODAY google news Ethereum is in an upward price channel, which could dictate its performance in the short term. This technical formation suggests a cautiously optimistic outlook, but also hints at potential risks ahead.The ascending channel observed on Ethereum's daily price chart indicates that ETH is achieving higher lows and higher highs, which is a bullish indicator in traditional market analysis. However, the current position is near the lower end of the channel near $3,000, raising concerns about a possible acceleration of the breakdown. If Ethereum fails to sustain this level, we could see a correction towards the $2,700…

liv mcmahontechnology reporterApril 30, 2024image caption, Binance founder Changpeng ZhaoThe founder of the world's largest cryptocurrency exchange has been sentenced to four months in prison in the United States for allowing criminals to launder money on his platform.Changpeng Zhao resigned from Binance in November and pleaded guilty to violating US money laundering laws.Binance was ordered to pay $4.3bn (£3.4bn) after a US investigation found it helped users evade sanctions.Prosecutors had asked for a three-year prison sentence for the former president of Binance.At a sentencing hearing in Seattle on Tuesday, Judge Richard Jones said Zhao had prioritized “Binance's growth and profits…

Crypto analysis firm Santiment believes that Ethereum (ETH) and altcoins associated with top smart contract platforms will put many traders on the sidelines. Santiment said it is closely monitoring Ethereum's average transaction fees, which have plummeted to their lowest levels since October 18, 2023. According to the analytics firm, low gas prices are a solid signal that Ethereum is bottoming out regionally. “Ethereum’s average fee level has fallen to just $1.12 per network transaction, marking the lowest average daily cost since October 18th. Traders have historically oscillated between sentimental cycles of feeling like cryptocurrencies are “going to the moon” and…

Disclaimer: This article is a sponsored press release and does not constitute editorial content on Finbold. Crypto assets and crypto products involve significant risks. Do not invest unless you are prepared to lose your entire investment. Please see our full disclaimer. The dynamic world of cryptocurrency mining has long recognized the ability to mine Monero (XMR), Litecoin (LTC), and Dogecoin (DOGE). Monero ensures privacy with ASIC-resistant mining, Litecoin facilitates mining accessible via Scrypt, and Dogecoin offers great rewards with its easy-going appeal. But among these established coins, BlockDAG's X100 miner has emerged as a formidable player, boasting an impressive hash…