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THORChain has become the second-largest decentralized exchange (DEX) while its native token, RUNE, registered a slight decline over the past day. According to data provided by DeFi Llama, THORChain’s daily trading volume has reached $334.3 million, surpassing PancakeSwap and making it second to only Uniswap which has a $1.14 billion trading volume.  Top 6 DEXs – Nov. 13 | Source: DeFi Llama Per the data aggregator, THORChain’s weekly trading volume registered a 102% surge, reaching $1.32 billion, making it the third -largest DEX over the past seven days. According to DeFi Llama, THORChain’s total value locked still stands at $259.3 million. You might also like: Top cryptos to watch this week: BTC, SOL, RUNE RUNE price slides Despite THORChain’s trading volume surge, its native token RUNE registered a 1.8% decline over the past 24 hours. RUNE is trading at $5.18 with a market cap of $1.75 billion at the time of writing. RUNE price, social volume ,...

Pond0x has recently announced a significant milestone, with its decentralized exchange (DEX) achieving a remarkable $100 million in cumulative trading volume. This noteworthy development was conveyed via a post on the official Pond0X channel’s social media account dated September 28th. The journey to this achievement, however, was not without its tribulations. Earlier, during the launch of Pond0X’s native token, PNDX, investors endured losses exceeding $2 million due to an unforeseen functionality that allowed unauthorized transfers of the token. It’s important to note, though, that supporters contend that these losses were not attributable to the project’s developers. As substantiation of Pond0X’s impressive trading volume, the official channel cited a Dune dashboard, thoughtfully created by a user known as Mogie. According to this dashboard, the total trading volume surpassed $111 million as of September 29th. The launch of the PNDX token on July 28th w...

The collapse of the well-established crypto exchange FTX has instilled fear in the minds of participants. Of late, they’ve been moving their funds en-masse towards self-custody wallets and decentralized platform s. As analyzed a day back, the DYDX ecosystem—as a whole—seemed to have benefitted from the ongoing crisis. The decentralized exchange’s native token has been trading at around its quarterly peak. In fact, when zoomed out and viewed, it seems like the downfall of FTX has been a boon for the entire DeFi space. Decentralized Exchange [ DEX ] volume had been in a downtrend over the past few months. Just half the way down November, the number already stands around its 4-month high. From last month’s total of $50.82 billion settled, the number is already up to $84 billion at the moment. If the same pace continues over the next fortnight, November’s aggregate number could head toward the pre-established peaks. Source: The Block The Decentralized x ...