DODO launches on Aurora to encompass the features of NEAR blockchain
DODO, a DeFi protocol that uses unique proactive market maker (PMM) algorithm, is officially launching on the NEAR Protocol, using Aurora as the Ethereum-compatible scaling solution.
DODO have reached an agreement with the NEAR team to have DODO as the ‘blue chip’ decentralized exchange (DEX) on their platform.
Top 5 most-mentioned cryptocurrency on social media
Bitcoin, the largest cryptoasset by market capitalization, has attracted 286.6 thousand comments and has become the most-mentioned cryptocurrency on social media in the past 24 hours.
ETH was followed by market leader Bitcoin which had over 84.32 thousand comments on social media. SHIB also made the list along with CAKE and DOGE. These had over 58.84 thousand, 47.12 thousand, and 46.29 thousand comment respectively.
DeFi traders push Terra’s UST stablecoin to $10B market cap
The Terra blockchain’s fast growing stablecoin UST, which had surpassed its rival DAI to become the largest decentralized stablecoin, has how attained another milestone: a market capitalization of $10 billion.
The fast growth in UST comes as the Terra blockchain has become a major player in the DeFi sector, where stablecoins play a critical role in staking, liquidity management and yield-generating.
Trading volume for bitcoin and ether options grew 443% in 2021
From 2020 to 2021, the combined trading volume of Bitcoin and Ethereum options grew from $71 billion to $387 billion, representing a massive growth of 443%.
Bitcoin and Ethereum futures trading volume also surged over $32 trillion in 2021 compared to over $7 trillion in 2020, representing a growth of 338%.
Top 3 daily gainers: DeFi section
FARM leads the growth chart on ONUS this morning, with a record of +92.37%. Following closely behind is DFL (Defily Token), a digital asset that has had an extremely positive 24 hours, increasing by 84.59% of its value.
Cardano founder announces roadmap in 2022
Hoskinson, the founder of Cardano (ADA), revealed that 127 projects are currently writing code to build decentralized applications (dApps) on Cardano. Specifically, about 20 to 30 of them are in the pipeline and may roll out in the next 3 months.
The Cardano Foundation is also planning to “build a financial operating system” in Q2 2022 that will give Africans access to DeFi services.
FTX US doubled their user count in Q4 2021
FTX US, the United States branch of the crypto exchange FTX, has more than doubled its user count in the past 3 months of 2021 and has accumulated more than 1 million users in a year. This comes as global crypto adoption increases, while the company has inked numerous impressive partnerships.
SHIBA INU developers working on Layer 2 Scaling solution ‘Shibarium’
The developers of Shiba Inu appear to be working on Shibarium, a Layer 2 scaling solution that will act as a backbone for many future launches.
Developers of the meme coin may be in the initial phase but there is no clarity with regards to the details of the Layer 2 scaling solution. The timeline, specifically, is yet to be announced.
Institutional crypto custodians raised more than $3 billion in 2021
According to The Block Research, crypto custodial firms focused on the institutional market experienced a significant upswing in funding in 2021.
Such firms have raised more than $3 billion this year. As noted in The Block Research’s 2022 Digital Asset Outlook Report, the rate of investments was more than three times higher than 2020.
UST gets listed on Binance and Huobi, propelling Terra to $100
UST, the main stablecoin of the Terra project, is being integrated into Binance and Huobi, two leading exchanges by trading volume, expanding the options that users have to trade the stablecoin.
After these announcements, The price of LUNA, the governance asset of the Terra project, broke its previous all-time high, going over $100 for the first time in its history.