The Decentralised Exchange (DEX) is the most secure way of trading or investing in cryptocurrencies. Being completely decentralised, you have to connect your wallet to the DEX before you are able to purchase any coins. However, as comes with the territory in blockchain, with great decentralisation comes great limitations.
Uniswap has become the largest player in the DEX scene with the largest trading volume of any decentralised exchange by over a factor of 3. However, being built on the Ethereum blockchain and having a DEX native to ERC-20 tokens (coins built within the Ethereum ecosystem) Uniswap heralds the same scalability issues that its parent network does.
As with any DEX, Uniswap’s gas fees are an impression of Ethereum’s. Put simply, Uniswap uses Ethereum gas fees for all purchases made on the exchange.
While Ethereum is no doubt the king of DeFi (Decentralised Finance), these transaction costs ripple throughout its entire system having a knock-on effect on the tokens built on its ecosystem, i.e. UNI.
Despite having the highest trading volume of any DEX, these inherent issues could pose a problem for further adoption and ultimately the longevity of the exchange itself. It is, however, very true that UNI will most likely share in the success of ETH. The advent of ETH 2.0 is just around the corner and that should provide solutions to the high and unpredictable Ethereum gas fees. It should just be kept in mind that the exchange is limited by its lack of interoperability with other blockchains and ecosystems.
CRV is the native coin on the Curve DEX, acting as the governance and utility token. It is as a DeFi stable coin marketplace giving the lowest Ethereum gas fees and the lowest slippage (difference between assumed transaction cost and actual cost) despite being built on the ETH network.
Curve Finance has a total value locked (TVL) of $17 billion, yet a market cap of less than $1 billion. Currently trading at just above $2 dollars with a local high of $6.50, CRV offers an exceptional long-term investment opportunity with possibly life-changing returns. A 10x from here is more than likely in the next bull cycle and CRV should certainly be on your shortlist radar.
The biggest problem facing CRV and UNI for large-scale DeFi adoption is the lack of flexibility they offer traders. Uniswap fixates on ETH tokens and CRV is primarily for the exchange of stable coins. Both offer very sound functions but are limited by their inflexibility.
Quitriam Finance could very well disrupt the current DEX market by offering a technology that is rather niche to mainstreamed DEXs.
Quite contrarily to Uniswap’s ETH based tokens, QTM’s DEX offers the best gas fees with the lowest slippage from a range of partnered blockchains. If the QTM system can find the best price for a token on the Avalanche network, it will use that blockchain to execute the transaction giving you their corresponding gas fees.
This multichain technology is something that has been omitted from DEX protocols so far and, for this reason, it is why QTM comes with a huge amount of excitement.
With its Mainnet launching before Q3 this year, QTM really is the best DEX token to keep on your radar as we start to bottom out in this bear cycle. Opportunities to catch revolutionary projects at such low prices are extremely rare in crypto. Quitriam Finance could well be one such opportunity.
For more information:
Presale: https://presale.quitriam.io/register
Website: https://quitriam.io/
Telegram: https://t.me/QUITRIAMFINANCEOFFICIAL
Twitter: https://twitter.com/quitriamfinance
Instagram: https://www.instagram.com/quitriam_finance
A cybercriminal behind the embezzlement of $7.4 million from Hundred Finance reappears, moving approximately $800,000 worth of assets to launder or utilise the stolen funds. Despite a recent decline in crypto scams and hacking incidents, challenges persist in securing cryptocurrency platforms and preventing financial crime.
WeatherlyIsrael retaliates against Hamas causing 16 deaths; US exchange Coinbase faces lawsuit over defrauding investors. Gold spikes to $2315, and Bitcoin encounters strong resistance at $64,000.
AlexThe U.S. non-farm employment data for April fell short of expectations, with an increase in unemployment and a slowdown in wage growth, reigniting market expectations for a Federal Reserve rate cut this year. This week, all three major stock indices recorded gains for the second consecutive week; U.S. bond yields plunged over 10 basis points, with two-year yields dropping more than 20 basis points in three days, marking the largest drop since January; the U.S. dollar index reached a three-week low since the March CPI announcement, while USD/JPY rebounded over 1% during the session to regain 152.
MiyukiThe large crypto exchange Bitfinex has experienced a data leak involving up to 400,000 user accounts and passwords, with hackers attempting to log in.
WeiliangAt Berkshire Hathaway's annual meeting, Buffett mourns Munger's passing and warns of AI-driven scams while Berkshire's stock rises but deal activity slows, prompting questions about its future without Munger.
AnaisNew data reveals less than 10% of stablecoin transactions are organic, highlighting discrepancies but also steady user growth, with 27.5 million active users across all chains.
AlexBitget Wallet's comprehensive Web3 services and enhanced security features drive 300% growth in the MENA region, with Egypt and Saudi Arabia leading adoption.
Miyuki关注我们新加坡传出加密社群成员线下聚会遭抢，在暴力胁迫下转出加密钱包的加密货币，11人共损失超过2千
WeiliangGBTC, once dominant, faces new competition from spot Bitcoin ETFs but shows a glimmer of hope with a recent inflow of funds, as Bitcoin surpasses one billion transactions, signaling potential for growth and evolution in the crypto investment landscape.
AnaisJustin Sun's $376M deposit in Swell L2 highlights his belief in liquid staking's potential, putting this DeFi niche on the radar of major players.
Alex