Jupiter DEX on Solana hits $480 million in trades, beating Uniswap
1 month ago 1 min read

Jupiter DEX on Solana hits $480 million in trades, beating Uniswap

Jupiter, a decentralized exchange (DEX) operating on the Solana blockchain, has made waves by achieving an impressive $480 million in trading volume within 24 hours. Notably, the surge in activity propelled Jupiter ahead of Ethereum’s Uniswap, surpassing its trading volume by $10 million, according to data reports. A significant catalyst for this surge was the introduction of “Wen,” a new memecoin distributed via an airdrop on the Jupiter platform. The airdrop was aimed at Solana users who had interacted with Jupiter DEX within the previous six months, as well as owners of Solana Saga phones. Wen’s creation serves as an

Uniswap Labs released a new security feature known as Permit 2.
1 month ago 2 mins read

Uniswap Labs releases a new security feature known as Permit 2

On January 18, Uniswap Labs, the developer of the popular decentralized exchange (DEX) Uniswap, released a new security feature known as Permit 2. This development aims to address the critical “infinite token allowances” vulnerability, which poses a potential risk to user funds. By introducing Permit2, Uniswap Labs hopes to improve user protection and control over digital assets. In the context of decentralized finance (DeFi), “token allowance” refers to a permission mechanism that users grant to smart contracts, granting them access to tokens. This permission is required for users to interact with different decentralized applications (DApps), such as decentralized exchanges and

Uniswap Adopts Swap Fees to Drive Expansion
5 months ago 1 min read

Uniswap Launches Swap Fees to Support Expansion

Uniswap, the decentralized crypto exchange (DEX), has made a significant announcement. Starting tomorrow, the platform will introduce trading fees on specific tokens, set at 0.15% per trade. This marks a shift from Uniswap’s historically feeless approach. Uniswap Labs CEO Hayden Adams took to Twitter to share this update, emphasizing that these fees are a strategic step to support the sustainable development of the company. Uniswap Labs is the creator of the widely-used decentralized exchange protocol Uniswap, which, until now, has been known for its fee-free nature. It’s important to note that these introduced fees will be applicable only to trades