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Hyperliquid must draw developers or risk unraveling: VanEck

The layer-1 chain needs more than a successful perpetuals exchange to justify the HYPE token’s lofty valuation, according to the asset manager.

Layer-1 blockchain network Hyperliquid needs to bootstrap a robust developer community to sustain its native token’s roughly $25 billion market capitalization, asset manager VanEck said in a Jan. 6 research note. 

Hyperliquid has become one of the most valuable blockchains since launching its HYPE token in a November airdrop. However, Hyperliquid’s nascent smart contract platform has “yet to attract much of a developer community,” VanEck said.

“If Hyperliquid is unable to meet the growth expectations of its community, the prisoner’s dilemma facing many newly rich $HYPE holders may quickly unravel,” VanEck said.

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Unwrapping Bitcoin’s Potential: A Conversation With Z Liu of Bit Global Trust

PancakeSwap closes record $310B year, up 179% driven by L2, DeFi growth

PancakeSwap's 2024 trading volume surged to $310 billion, driven by DeFi growth, layer-2 adoption and user-focused upgrades.

PancakeSwap closed a record year in terms of cryptocurrency trading volume, owing to growing interest in decentralized exchanges and the expansion of layer-2 blockchain networks.

Decentralized exchange (DEX) PancakeSwap recorded $310 billion in total trading volume during 2024, marking a nearly 179% year-over-year (YoY) increase from $111 billion in 2023.

The record year was mainly attributed to L2 networks Arbitrum and Base, as the former saw a 3,656% YoY increase to $13.2 billion, while crypto trading volume on Base rose by 3,539% YoY to $11.6 billion in 2024, according to a PancakeSwap report shared with Cointelegraph.

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Unwrapping Bitcoin’s Potential: A Conversation With Z Liu of Bit Global Trust

VanEck Predicts $4,000,000,000,000 Explosion in DeFi Volumes for 2025 – Here’s Why

VanEck Predicts ,000,000,000,000 Explosion in DeFi Volumes for 2025 – Here’s Why

Asset management giant VanEck is predicting a large surge in decentralized finance (DeFi) trading volumes next year. In a new report detailing its predictions for 2025, VanEck analysts say decentralized exchange (DEX) volumes will capture a fifth of centralized exchange (CEX) spot trading volumes. “Despite record-high decentralized exchange (DEX) trading volumes, both in absolute terms […]

The post VanEck Predicts $4,000,000,000,000 Explosion in DeFi Volumes for 2025 – Here’s Why appeared first on The Daily Hodl.

Unwrapping Bitcoin’s Potential: A Conversation With Z Liu of Bit Global Trust

Velodrome Finance (VELO) Takes Off Following Surprise Binance Listing

Velodrome Finance (VELO) Takes Off Following Surprise Binance Listing

Decentralized finance (DeFi) altcoin Velodrome Finance (VELO) is skyrocketing following a new listing from the world’s largest crypto exchange by trading volume. Earlier today, Binance announced the addition of VELO to the crypto exchange. “Binance is excited to announce that Velodrome Finance (VELODROME) will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance […]

The post Velodrome Finance (VELO) Takes Off Following Surprise Binance Listing appeared first on The Daily Hodl.

Unwrapping Bitcoin’s Potential: A Conversation With Z Liu of Bit Global Trust

PancakeSwap launches Telegram Swap Bot for crypto trading access

PancakeSwap’s new Telegram bot lets users trade over 3,000 tokens from the app, highlighting DeFi’s growing accessibility.

PancakeSwap, one of the largest decentralized exchanges (DEXs) on the BNB Chain, has introduced a Telegram bot that enables users to trade cryptocurrencies directly from the messaging app.

The bot currently supports trading for over 3,000 tokens, making decentralized finance (DeFi) transactions potentially more accessible to a wider audience familiar with Telegram.

The Telegram Swap Bot will enable users to trade tokens on PancakeSwap v2, v3 and stableswap on the BNB Chain.

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Unwrapping Bitcoin’s Potential: A Conversation With Z Liu of Bit Global Trust

WazirX plans on launching a decentralized exchange

WazirX founder Nischal Shetty also announced the upcoming introduction of staking services to the centralized cryptocurrency exchange.

Nischal Shetty, the founder of the popular Indian crypto exchange WazirX, announced the company is expanding operations and exploring building a separate decentralized exchange (DEX) that will operate alongside the company's current centralized service.

According to Shetty, the decision to launch a DEX is a response to the July 2024 WazirX hack — which drained the exchange of approximately $235 million in user funds — and should help eliminate the counter-party risk inherent in centralized platforms. The WazirX founder asserted:

The WazirX founder also revealed plans to launch a corresponding DEX token to pay for fees on the platform and provide an instrument for governance.

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Unwrapping Bitcoin’s Potential: A Conversation With Z Liu of Bit Global Trust

Uniswap Launches New Bridge Connecting DEX to Base, World Chain, Arbitrum and Others

Uniswap Launches New Bridge Connecting DEX to Base, World Chain, Arbitrum and Others

Decentralized exchange (DEX) Uniswap (UNI) is launching a new bridge that will allow users to access other blockchains outside of Ethereum (ETH). In a new blog post, Uniswap Labs says that it’s launching the bridge in collaboration with Across Protocol (ACX), allowing users to swap crypto assets between nine different blockchains directly from the Uniswap […]

The post Uniswap Launches New Bridge Connecting DEX to Base, World Chain, Arbitrum and Others appeared first on The Daily Hodl.

Unwrapping Bitcoin’s Potential: A Conversation With Z Liu of Bit Global Trust

U.S. SEC Settles With Solana-Based DEX Mango Markets for Nearly $700,000 Over Alleged Securities Violations

U.S. SEC Settles With Solana-Based DEX Mango Markets for Nearly 0,000 Over Alleged Securities Violations

The U.S. Securities and Exchange Commission (SEC) has agreed to a settlement with the Solana (SOL)-based decentralized exchange (DEX) Mango Markets over alleged regulatory violations. The SEC alleges that the DEX’s decentralized autonomous organization (DAO) skirted registration provisions and deprived investors of critical protections. The regulator says Mango DAO raised more than $70 million from […]

The post U.S. SEC Settles With Solana-Based DEX Mango Markets for Nearly $700,000 Over Alleged Securities Violations appeared first on The Daily Hodl.

Unwrapping Bitcoin’s Potential: A Conversation With Z Liu of Bit Global Trust

Phantom Wallet Joins Dydx, Easing Access for 7 Million Users

Phantom Wallet Joins Dydx, Easing Access for 7 Million UsersDydx has announced its integration of the Phantom Wallet, a leading Solana-based non-custodial wallet, into its decentralized finance (defi) platform. This integration aims to simplify access for over 7 million Phantom users, aligning with Dydx’s goal to broaden participation in decentralized trading. Phantom Wallet Is Now on Dydx, Enhancing User Access The new integration allows […]

Unwrapping Bitcoin’s Potential: A Conversation With Z Liu of Bit Global Trust

Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks

Coinbase Launches Wrapped Bitcoin for Ethereum and Base NetworksCoinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin Opens New Defi Opportunities According to the San Francisco-based crypto exchange, […]

Unwrapping Bitcoin’s Potential: A Conversation With Z Liu of Bit Global Trust