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Cryptocurrency News Articles
The crypto market's financial security race just got more intense between trading platforms and DEXs
Nov 02, 2024 at 02:51 am
The TradFi coins, like DAI, have become investment options even for traders from top DeFi coins like Ethereum. However, DeFi coins like Uniswap (UNI) are upgrading in terms of development.
The crypto market is witnessing a fierce competition between trading platforms and DEXs in the realm of financial security. TradFi coins, such as DAI, have emerged as investment options even for traders dealing with top DeFi coins like Ethereum.
Meanwhile, DeFi coins like Uniswap (UNI) are undergoing significant upgrades in terms of development. The new meme coin project, Cutoshi (CUTO), is poised to跻身rank among the best DeFi projects. The Cutoshi project will integrate meme fun and DeFi utility to offer a competitive edge.
Uniswap (UNI) investors can now rejoice as the latest news on the Uniswap (UNI) network is the launch of a permissionless bridge that will enable cross-chain asset transfer on the exchange.
Interoperability is the buzzword in the DeFi world, and Uniswap Labs has left no stone unturned in ensuring that Uniswap (UNI) is at the forefront of this trend. The permissionless bridging will allow for seamless transfers between nine blockchains, including Polygon, ZKsync, World Chain, Base, Arbitrum, Optimism, Zora, Blast, and Mainnet.
Uniswap's new cross-chain feature is integrated with Access Protocol and removes the common challenges faced during cross-chain transactions.
The burning question for investors is: what impact will this have on the UNI coin price prediction? It is certainly a major win for Uniswap (UNI), and the Uniswap price is now up 6.25% on the weekly chart and 6.77% for the month.
DAI: USDS Rebrand, Ethereum Investments
The MakerDAO community recently voted on a rebrand that will see its governance token change from MKR to SKY and the popular DAI coin get a new name: USDS.
According to sources in the community, the rebrand is intended to make DeFi on MakerDAO (now Sky) more accessible. The early signs are also promising, with the USDS token now boasting almost half a billion dollars in market cap, indicating a large adoption by crypto users.
Last week, the Ethereum Foundation liquidated some 100 ETH to DAI, netting about $11.2 million of Ethereum that had been converted into DAI coins.
The rebrand could be the push Sky needs to become the most traded stablecoin in the crypto market, ahead of Tether, which is currently under investigation, and Circle.
Cutoshi: A New Haven For Meme Coin Lovers And DeFi Fans
Satoshi Nakamoto's blockchain philosophy championed decentralization and financial sovereignty. Cutoshi (CUTO), a meme project, aims to channel this energy with its presence in both the DeFi and meme sectors.
Cutoshi offers users a fully decentralized exchange experience with the complete cross-chain exchange suite that one would expect from platforms like Uniswap. Now, meme coin lovers can avoid the high traffic on the more popular exchanges and still enjoy all the benefits of a top DeFi project.
Furthermore, the Cutoshi community boasts a farming option that enables users to earn CUTO tokens by completing tasks and challenges. The community also features an academy that educates DeFi enthusiasts on navigating the industry.
There is palpable excitement surrounding the Cutoshi presale, which is currently in Stage 2, priced at $0.022. The project's recent listing on CoinMarketCap adds credibility to experts' predictions regarding its potential surge.
Cutoshi's DeFi Features Signal A New Era In Crypto
Uniswap (UNI) and DAI coin (now USDS) have both undergone major rebrands recently, with promising updates emerging as a result. Cutoshi is joining the fray, boasting some DeFi features to give meme lovers more than just a platform for meme fun.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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