The upward trend formed a clear V-shape, breaking resistance levels at $0.686 and $0.908. This surge appears tied to news of Osmosis and Umee, the two largest decentralized exchanges (DEXs), planning to merge in the Cosmos network. Osmosis (OSMO) coin surged strongly in late October, jumping from $0.225 to $1.5 within two months, an impressive 566% growth. The coin had positive trading days in the last month, showing it’s easy to buy and sell due to its market cap. Hence, it did better than half of the top 100 crypto assets and consistently trades above a certain average. Frax Finance (¤, ¤) 🦇🔊 December 16, 2023įrax Finance has shown good performance indicators, uping by 70% in a year. We're excited to work with to support the issuance of Frax-assets on & Expect to see all the great yields+stability Frax is known for on all these chains soon! Powered by Axelar! 🙌 /5EgW6fOHGD As the DeFi space grows, partnerships like this will become more important for its progress. The project aims to make DeFi easier for everyone to access and use. Using the Axelar Network to share its assets across various platforms, Frax Finance is trying to make its coins more useful. This helps more people use their coins and strengthens their position in the DeFi world. Frax Share (FXS)įrax Finance has made a big move by teaming up with the Axelar Network to spread its key assets, like FRAX and fr圎TH, across different DeFi platforms. This deadline marks the decision point for US regulators to approve a physically-backed Bitcoin Exchange-Traded Fund (ETF). The upcoming deadline of January 10 is a pivotal moment for the cryptocurrency sphere, particularly regarding the potential integration of digital assets into traditional financial frameworks.

Over the past day, this constituted around 88.18% of the total crypto market volume.

Stablecoins account for a substantial portion of this trading activity, reaching $41.26 billion. The decentralized finance (DeFi) sector has contributed $6.99 billion, representing approximately 14.93% of the 24-hour crypto market volume. Join Our Telegram channel to stay up to date on breaking news coverage

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