Uniswap dominates 78% of the DEX market
Since November began, the daily and weekly trading volume on Decentralized exchanges took a significant hit. Uniswap, the leading DEX, witnessed a 53% drop in weekly volumes from $26 billion to $12 billion.
However, Uniswap’s domination grew. Amongst all the DEXes in the market, currently, Uniswap dominates 78% of the weekly volumes, followed by SushiSwap and Curve at 6.3% and 4.8%, respectively.
Ethereum whales still buy despite bear market
According to the data provided by Santiment, major Ethereum addresses are still accumulating funds in the market despite the restrained crypto price.
The proportion of whale addresses on the network remains the same despite Ethereum not doing well. Supply on major wallets is down slightly relative to ATH but remains near peak. According to TradingView data, Ethereum price has dropped by almost 50% since ATH.
FTX token now the second most held cryptocurrency by top 1,000 Ethereum wallets
FTX Token (FTT) has surpassed SHIBA INU (SHIB) as the second most held cryptocurrency after Ether (ETH) by the top-1,000 Ethereum wallet addresses.
Over the last 30 days which stretches to the first week of February 2022, FTT has become the seventh most purchased cryptocurrency with an average purchase amount of $1.6 million and an average token quantity of 40,473.
Immutable X valued at $2.5 billion in Temasek-led financing
Australian NFT startup Immutable has raised fresh funding from investors led by Singapore’s Temasek in a round that values it at $2.5 billion, as it taps a surge in interest in cryptocurrency and NFT ventures.
Investors in the $200-million funding round include Mirae Asset, ParaFi Capital, Declaration Partners, Tencent Holdings and others.
Immutable X rises 54.97% after 24h
IMX, the utility token of the Immutable X platform, witnessed an impressive growth of 54.97% after 24h, reaching a price of $1.745. With this growth, IMX is currently leading the Top Gainers on ONUS.
Axie Infinity tops list of Google’s most-searched NFTs
According to a research report from Design Bundles, Axie Infinity was the most searched NFT on Google over a month.
Bringing in over 3.86 million searches, Axie was way ahead of its closest competitors. The Sandbox had far fewer searches with a figure of 555k while NBA Prime Shot took the third spot with 477k searches.
Whale holdings in Cardano’s ADA token hit record high
The balance held by addresses with 1 million to 10 million coins rose to a record 12 billion ADA ($9.72 billion) last week, a 41% gain since late January, data provided by blockchain analytics firm IntoTheBlock show.
The total value locked in the Cardano network has increased by $50 million in a week, hitting a lifetime high of $160.79 million, according to Defi Llama. More than 70% of the funds are locked in decentralized exchange (DEX) SundaeSwap.
Crypto Exchange FTX announces expansion into Europe
The crypto industry’s seventh-largest exchange, FTX, is launching a new European affiliate: FTX Europe.
Following approval from Cyprus’ financial regulator CySec, FTX Europe will begin serving users across the continent. Marketing materials also indicate that the exchange’s latest push will include the Middle East, though it’s unclear which countries that would include.
US lawmakers working on policy to open crypto markets to institutional investors
Shark Tank star Kevin O’Leary has revealed that he just had a bipartisan meeting with a group of U.S. lawmakers to discuss crypto regulation.
O’Leary claimed that they are working on a policy to open crypto markets to institutional investors and agree there is tremendous opportunity once they pass policy.
Bitcoin wallet holding 407 BTC has just been activated after 8 years
According to data provided by Whale Alert, a Bitcoin wallet containing 407 BTC ($15,401,778 million at press time) has been activated for the first time since 2013.
The coins were initially worth $355,254, which means that they have appreciated roughly 4,335%.