Monday，November 7th
Uncovering Defi fundamentals: decentralized Exchanges — #binace-reseach
(1).Decentralized exchanges (“DEXes”) are a cornerstone of decentralized finance (“DeFi”) and are one of the most widely used decentralized applications (“dApps”) today.
Uncovering Defi fundamentals: decentralized Exchanges — #binace-reseach
(1).Decentralized exchanges (“DEXes”) are a cornerstone of decentralized finance (“DeFi”) and are one of the most widely used decentralized applications (“dApps”) today.
DEXes facilitate trading of crypto assets without the need for an intermediary by employing smart contracts to settle transactions. Using Ethereum gas consumption as a gauge of transaction activity, DEXes account for the largest share of gas consumed on the Ethereum blockchain in
the first half of 2022.
(2)DEXes recorded slightly over US$714B in trading volume year-to-date as of end-July 2022. Monthly trading volume has generally been on a downtrend since the start of the year as crypto market activity fell.
(2)DEXes recorded slightly over US$714B in trading volume year-to-date as of end-July 2022. Monthly trading volume has generally been on a downtrend since the start of the year as crypto market activity fell.
The lowest monthly trading volume year-to-date was recorded in July 2022 with US$56.1B of trading volume. This represents a significant decline of over 66% in trading volume as compared to the start of the year in January 2022.research.binance.com/static/pdf/Dec…
On creator Fees #Opensea
(1)To that end, today, we’re launching a tool for on-chain enforcement of creator fees for new collections. This tool is our first version of on-chain enforcement. Starting at 12pm ET on Tuesday, November 8,
(1)To that end, today, we’re launching a tool for on-chain enforcement of creator fees for new collections. This tool is our first version of on-chain enforcement. Starting at 12pm ET on Tuesday, November 8,
OpenSea will enforce creator fees only for new collections that use an on-chain enforcement tool such as this one. In the coming months we’ll launch additional tools and improvements for on-chain enforcement, and we will engage with the community to get feedback on them along
the way.2)We recognize this is a first step, so we’re committed to engaging with our communities about solutions for existing collections. In deference to how difficult it is to enforce fees on chain for existing collections, we won’t make any changes for existing collections
through at least December 8, 2022. To be transparent, the consideration set for what happens after December 8 is wide open – and we’re considering options ranging from continuing to enforce off-chain fees for some subsets of collections, to allowing optional creator fees,
to collaborating on other on-chain enforcement options for creators. We recognize not all creators, collections, and communities are the same and we are looking to create a long-term policy that reflects that.opensea.io/blog/announcem…
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