Day: February 24, 2021

Ethereum Bots’ MEV Profits are Getting Juicier

Ethereum bots’ profits are getting juicier: Nearly half of the total revenue they’ve made since January 2020 comes from value they’ve extracted in the last 30 days.  Flashbots’ newly launched MEV Dashboard tracks and quantifies MEV extracted on-chain, dating back to the first block of Jan. 1 2020. The tracker has documented over 1.3M MEV …

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Non-Ethereum Based DeFi Tokens Show Resilience Amid Selloff

Non-Ethereum DeFi tokens are outperforming their Ethereum peers. Of the top 10 best-performing DeFi tokens with over $100M market capitalizations in the past seven days, six are non-Ethereum or cross-chain based and four exist solely on the Ethereum blockchain.  On the flip side, looking at the 10  biggest DeFi losers of the last seven days …

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The State of Layer 2 With Ethereum Scaling is at Stake

With transactions in the several hundreds of dollars and the chain’s blocks perpetually filled as competitors inch in, it’s not an overstatement to say the future of Ethereum depends on scaling solutions known as Layer 2s.  Layer 2 (L2) is a term for technologies which take Ethereum transactions off its main chain, enabling the network’s …

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dYdX is Latest Major DeFi Project to Move to L2

Trading Ethereum-based assets is about to get cheaper. Decentralized exchange dYdX is moving its perpetual derivatives trading off the Ethereum main chain to a Layer 2 scaling solution.  dYdX, the 7th largest DEX by volume, is moving its cross-margined perpetuals contracts to a Layer 2 protocol built over the past seven months together with StarkWare, …

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