USDG, a stablecoin issued by Paxos, has rapidly grown on Robinhood Chain, doubling its liquidity on Uniswap to over $8.5 million within a week of the chain's launch. Robinhood Chain, a Layer 2 network based on Arbitrum, launched its public mainnet on July 1, 2026, with Uniswap as its primary automated market maker, capturing over $30 million in liquidity and $500 million in trading volume in the first week. USDG now makes up about 65% of the stablecoin supply on the chain, supported by a $50 million deposit from Ethena and a 7% APY yield product called Robinhood Earn. However, this concentration means the chain's ecosystem is highly dependent on USDG's stability, posing risks if USDG faces any issues.
On August 21, Uniswap burned approximately 150,000 UNI tokens valued at $590,000, marking a new daily record. This burn is part of Uniswap's fee switch mechanism, which uses trading fees to buy and burn UNI tokens, reducing supply and creating deflat...
DeFi platforms like 1inch, Uniswap, and Aave are introducing shared liquidity protocols to address $542 million of idle capital in on-chain pools. 1inch's Aqua, launched in July 2026, allows liquidity providers to use the same wallet balance across m...
Uniswap founder Hayden Adams told the CFTC Innovation Advisory Committee that heavy US regulatory enforcement has driven crypto developers to relocate abroad, giving foreign competitors an advantage. Adams, who has faced enforcement actions from both...
Major cryptocurrencies saw significant gains, with Bitcoin rising 6.2% to $72,557 and Ethereum up 10.9% to $2,326.79. Other notable increases include XRP up 16.1%, Dogecoin up 10.7%, and several altcoins showing double-digit percentage gains. This su...
Cryptocurrency markets are experiencing significant gains, with Bitcoin reaching approximately $69,183, up 7.9%, and Ethereum surging 19.3% to $2,259.15. Other notable increases include Ripple (XRP) up 12.7%, Solana (SOL) up 12.5%, and Binance Coin (...
