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Uniswap A Retailer’s Hub? Average Trade Sizes Fall From $30,000 to $1,000 In 2 Years
Crypto and some key sub-sectors, like decentralized finance (DeFi) or non-fungible token (NFT) trading or minting, remain dynamic. While activity is highly influenced by price, other changes are settled not by how prices gyrate but by time. Uniswap Users Are Increasingly Posting Small Trade Sizes Events in Uniswap, a leading decentralized exchange (DEX) on Ethereum, draw the interest of Token Terminal, a blockchain analytics platform. According to Token Terminal , a curious trend is happening in Uniswap: While the Ethereum ecosystem is expanding and expected to grow even more, trade sizes on Uniswap are shrinking rapidly. Uniswap trade size falling...
GolfN Secures $1.3M Funding for Blockchain-Based Golf Rewards App
TLDR GolfN raised $1.3 million in a pre-seed funding round from Solana ecosystem investors. The company aims to create a play-to-earn mechanism for physical golf using blockchain technology. GolfN released a Genesis Collection of NFT Golf Clubs on Solana in March 2024. The company is developing a mobile app to serve as a digital caddie and social platform for golfers. GolfN plans to offer rewards for playing and engaging with golf through its app and NFTs. GolfN, a blockchain-based golf project, has successfully closed a $1.3 million pre-seed funding round, marking a significant step towards bringing play-to-earn mechanics to the...
NFTs Are Dead (But They’re Changing Everything)
Two years ago, Non-fungible tokens (NFTs) captivated the world with skyrocketing prices and mainstream attention, but then the market snapped back and many said that NFTs were “dead.” They spoke too soon. This technology continues to proliferate on a global scale, reshaping entire industries. Even with the NFT market reaching sales volumes of nearly 200,000 NFTs worth over $191 million per day it’s easy to dismiss them as Internet culture toys due to headline grabbing projects like CryptoPunks and Bored Apes . You're reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional...