FTX's Serum goes live as DEXs end another record-breaking month for volume
August 30, 2020, 10:13AM EDT
1 min read
FTX's Solana-based decentralized exchange, Serum, officially went live on Sunday.
As of press time, Serum — which The Block first reported on in late July — offers eight markets. The DEX has markets for BTC, ETH, SRM and MSRM, with trading pairs against USDT and USDC for each.
Serum's launch comes as August is set to be another record-breaking month from DEX volumes. Data from Dune Analytics shows that during the past 30 days, DEXs have seen approximately $10.42 billion in trade volume. By comparison, the DEX ecosystem saw $4.3 billion in overall volume in July, as The Block previously reported.
As was the case in July, the volume leaders in August have thus far been Uniswap and Curve, posting 60.6% and 18.1% of overall volumes, according to the data.
According to Dune, Uniswap has seen $1.7 billion in volumes in the last seven days and about $427.6 million in volume in the past 24 hours.
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.
Bloomberg reported Friday that a broad U.S. government investigation into the operator of crypto exchange Binance has widened to include "whether Binance or its staff profited by taking advantage of its customers."
The securities regulator for Alabama issued a show-cause order on Thursday to crypto lender Celsius, seeking an explanation for why its offerings don't constitute the sale of securities under state law.
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