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The global crypto market cap is $1.15 trillion with a 24-hour volume of $34.46 billion. The price of Bitcoin is $29,104.71 and BTC market dominance is 49.2%. The price of Ethereum is $1,822.38 and ETH market dominance is 19.0%. The best performing cryptoasset sector is eCommerce, which gained 30%.
AllianceBlock said Nexera offers a decentralized trading experience that can compete with centralized platforms.
Cover art/illustration via CryptoSlate
DeFi infrastructure provider AllianceBlock has launched the Nexera decentralized exchange (DEX) on Ethereum (ETH) layer2 network, Arbitrum One, and integrated it with Uniswap (UNI) liquidity, according to an Aug. 15 statement shared with CryptoSlate.
The Nexera DEX uses innovative designs incorporating advanced on-chain order book protocol. This allows it to provide deeper and more accessible liquidity for various digital assets.
A notable feature of Nexera is its leveraging of Uniswap V3 protocol’s liquidity. The firm said the integration allows users to place market orders and gain deeper insight into available liquidity at various price points for trading pairs.
According to AllianceBlock, Nexera’s next phase would add the ability to execute limit orders. It will achieve this by adding a stability staking pool and the NXRA token, incentivizing traders to use the platform because they could stake their assets and earn a part of its trading fees.
“Transitioning from market orders to limit orders will give users heightened control and deeper price insights, creating a more efficient trading environment,” it said.
Additionally, the protocol would enable Real World Assets tokenization and introduce innovative DeFi features such as Staking-Enabled On-Chain Orderbooks and Order-Triggering Matching.
AllianceBlock added that Nexera prioritizes optimized liquidity mechanisms with a more basic user interface, allowing it to offer a decentralized trading experience that can compete with centralized platforms.
AllianceBlock revealed that one of Nexera’s goals is to become regulatory compliant, which would help attract financial institutions and institutional traders to enter the DeFi scene.
To achieve this, Nexera plans to introduce a decentralized know-your-customer and anti-money laundering process to verify its users. The DEX stated that it intends to keep its users’ right to anonymity by relying on zero-knowledge-proof technology for these processes.
Several DeFi protocols have struggled with the current regulatory environment, with the U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler highlighting that non-compliance was rife in the crypto space.
Oluwapelumi values Bitcoin’s potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
Also known as “Akiba,” Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
CryptoSlate’s latest market report dives deep into the potential forces that will most likely keep inflation rising in the coming months.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Since its inception, the Uniswap Protocol (“Uniswap”) has served as a trustless and highly decentralized financial infrastructure.
Arbitrum is a type of technology known as an optimistic rollup.
Designed with simplicity in mind, the Uniswap protocol provides an interface for seamless exchange of ERC20 tokens on Ethereum.
The former U.S. President declared he earned over $4 million from his NFT adventure.
Lawmakers are petitioning two major financial regulators for information concerning the relative upstart’s ability to secure its registration status.
The company will resume the service in early 2024.
The former U.S. President declared he earned over $4 million from his NFT adventure.
In support of Coinbase, the scholars said that an ‘investment contract’ requires a ‘contractual undertaking,’ contradicting the SEC.
The Fed stated that its approval hinges on the ability of banks to show that they possess the necessary control systems to manage the risks tied to stablecoins.
The former U.S. President declared he earned over $4 million from his NFT adventure.
Crypto entrepreneur Sina Estavi’s effort to sell the NFT since 2022 has been futile as the once-booming market fizzles.
The Worldcoin founder is touting high adoption rates but support from on-chain data is lacking.
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
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