SushiSwap sees spike in trading volume as DeFi resurges

2021-1-5 16:01

DeFi markets appear to be rejuvenating with signs of strong upward momentum after several weeks of dormancy

In addition to the DeFi boom bouncing back, the usage of decentralised exchanges has also started shooting up. The total value locked (TVL) in DeFi has seen a 31.6% upswing in the last four days, jumping from $14.26 billion on New Year’s Day to $18.81 billion as of writing. Only two out of the top ten biggest projects in terms of locked value have a negative 24 hour change according to DeFi Pulse.

Seventh-placed Curve Finance has dipped 1.27%, whereas RenVM, one spot above tenth-placed yearn.finance moved down 2.91%. Maker had the largest positive jump at 31.71% followed by Uniswap and Synthetix at 27.27% and 23.84% respectively.

SushiSwap trading volume glides past previous ATH

Trading volume on Uniswap’s rival project, SushiSwap has ascended to a new all-time high of $355 million according to DeFiance Capital’s analyst Darryl Wang. The analyst reported yesterday that the seven-day trailing volumes had hit $1.26 billion. Further analysis of these figures revealed that SUSHI stakers were accruing $33 million in fees yearly.

“FYI SushiSwap just smashed its ATH daily trading volumes by a mile. 7 day trailing volumes now stand at ~$1.26bn. On an annualized basis xSushi stakers are earning $33m in fees. That puts $SUSHI at 13x trailing PE (16x FDV),” capital allocator at Defiance noted on Twitter.

On the back of these developments, the total value locked in the protocol crossed $1.4 billion today – up 19.34% in the last 24 hours. SushiSwap TVL was just short of $1.1 billion at the end of the last year and has since surged by 28%.

Users in the SushiSwap camp have more to look forward to as the project is expected to announce its plans for the year in the coming weeks.  The announcement could feature additional information on the money-market solution BentoBox.

There are also rumours about an anticipated SushiSwap v2 in the next few months. While the specific impact of the latter event is not clear at the moment, experts foresee a strong positive momentum for SushiSwap upon the announcement of BentoBox.

The post SushiSwap sees spike in trading volume as DeFi resurges appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Defi (DEFI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0182135 (-100%)

defi sushiswap resurges volume trading spike sees

Источник: coinjournal.net

defi sushiswap → Результатов: 76


Sushiswap: новый тренд DeFi в процессе становления?

Новая тенденция в индустрии криптовалют привлекает внимание даже на Уолл-стрит, поскольку Sushiswap, биржа клонов, вымыла токенов на сумму почти миллиард долларов США из существующей конкурирующей биржи.

2020-9-14 09:28


Фото:

SushiSwap DeFi ‘Vampire’ Sucks $1 Billion From Uniswap

The Uniswap fork known as SushiSwap has successfully migrated to its own protocol and drained over a billion dollars from the token swapping platform it spawned from in the process. Is this the new normal for proceedings in the DeFi sector? The much-hyped SushiSwap platform has pulled off its protocol migration, successfully draining Uniswap of […] The post SushiSwap DeFi ‘Vampire’ Sucks $1 Billion From Uniswap appeared first on BeInCrypto.

2020-9-10 12:20


SushiSwap Founder Sells Dev Shares, Coin Plummets 50 Percent

Crypto investors who have warned about a bubble forming in DeFi are having their ‘I told you so’ moment. Food-themed coin SushiSwap is the one on the chopping block. In what has been accused of being an exit scam, Chef Nomi, the anonymous founder of SushiSwap, has sold $8 million worth of SUSHI, causing the […] The post SushiSwap Founder Sells Dev Shares, Coin Plummets 50 Percent appeared first on BeInCrypto.

2020-9-5 18:42


Binance активно внедряет поддержку DeFi токенов

Одна из крупнейших по объемам торгов бирж Binance активно проводит поддержку экосистемы децентрализованных финансов (DeFi) несмотря на скепсис со стороны главы самой площадки. Так, Binance отчиталась о листинге двух нашумевших токенов DeFi-рынка: SushiSwap (SUSHI) и yffi finance (YFFI).

2020-9-2 19:03


Спустя три дня после анонса DeFi-проект SushiSwap собрал $700 млн

SushiSwap, новый неаудированный протокол децентрализованных финансов (DeFi), привлек более $700 млн через три дня после анонса. Об этом сообщает The Block. SushiSwap представляет собой был форк децентрализованной биржи Uniswap.

2020-9-1 16:06


Общая стоимость средств в SushiSwap, форке Uniswap, превысила $700 млн через три дня после анонса проекта

SushiSwap, новый неаудированный протокол децентрализованных финансов (DeFi), привлек более $700 млн через три дня после анонса. Об этом сообщает The Block. SushiSwap представляет собой был форк децентрализованной биржи Uniswap.

2020-9-5 12:38


Общая стоимость средств в SushiSwap, форке Uniswap, превысила $700 млн через три дня после анонса проекта

SushiSwap, новый неаудированный протокол децентрализованных финансов (DeFi), привлек более $700 млн через три дня после анонса. Об этом сообщает The Block. SushiSwap представляет собой был форк децентрализованной биржи Uniswap.

2020-9-1 11:45


дальше еще 27 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Sushi опубликовали дорожную карту Super Swap

Децентрализованная биржа (DEX) SushiSwap представила планы на будущее. Особое внимание в новой дорожной карте разработчики уделили технологии Route Processor, а также тому, как она повлияет на пользователей.

SushiSwap taps Orbs’ technology, integrates limit orders and DCA strategies

Decentralized exchange SushiSwap has integrated Orbs’ cutting-edge technology to enhance its platform’s trading capabilities. The exchange has incorporated the dLIMIT and DCA protocols from Orbs, to allow users to set limit orders and implement dollar-cost averaging (DCA) strategies directly on-chain.

APE price: Will ApeCoin and Sushi Labs news spark rally?

ApeCoin (APE) is collaborating with Sushi Labs to unveil the first native decentralized exchange dubbed ‘Saru’ on ApeChain. The APE price is up 7% amid wider market gains, but will the news strengthen into a comeback? Sushi to build DEX on ApeChain The ApeCoin (APE) team announced this development on August 8 via a post […]

Sushi goes live on Bitcoin sidechain Rootstock

Sushi is now live on Bitcoin (BTC) sidechain Rootstock Rootstock’s integration with the decentralised exchange (DEX) will expand DeFi on Bitcoin. Users can now leverage Sushi’s advanced trading functionalities and other features while tapping into Bitcoin’s security and decentralisation.