The launch of Uniswap v3 spark a new Defi boom

With Uniswap’s TVL growing from $13.7 million to $8.5 billion since launching its v2 iteration, some onlookers believe the DEX’s v3 launch could spark the next Defi rally. With the total value locked in decentralized finance on Ethereum now $89 billion, the market is eagerly waiting to see if the launch of UniSwap v3 could be the catalyst for Defi’s next big bull run. 

40% intend to use crypto for payments in the next year: Mastercard survey

A survey by credit card giant Mastercard has revealed that four in ten people plan to use cryptocurrency for payments within the next year. The survey, published on May 4 and titled ‘Consumer Appetite for Digital Payments Takes Off’, polled more than 15,500 people across 18 countries.

Gnosis, Balancer and PancakeSwap breakout as Bitcoin looks for direction

A series of protocol upgrades and partnership announcements helped to boost GNO, BAL and CAKE even as Bitcoin price searches for support. Ether (ETH) continued its stellar run and crossed the $3,500 barrier today. Dogecoin (DOGE) also joined in on the party as its price soared above $0.61 earlier today as Gemini exchanged added support for the coin following a similar step by eToro. 

Institutional managers hold a record $13.9B worth of Ethereum

Weekly inflows into Ethereum investment products continue to grow, according to the latest CoinShares report. Institutional investment managers bought $30.2 million worth of Ethereum (ETH) last week, bringing their total holdings to a record $13.9 billion, according to CoinShares.

Dogecoin, the leading indicator for alt season

The eight-year-old altcoin seems to be a bellwether for altcoin rallies every time it pumps.  If Dogecoin lives up to its fame amid an onslaught of positive headlines, then the new $0.61 all-time high is a presage of positive momentum for altcoins. Meanwhile, VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for DOGE on April 29, prior to the recent price rise.

DeFi Smart Contracts

Crypto-Labs | By Anubha Singh