Highlights ๐งต:
1/ The DEX to CEX spot trade volume % has been gradually climbing up. The uptick in DEX to CEX spot trade volume ratio can likely be linked to an increase in DEX trade volume. Remarkably, the October volume so far has already reached 70% of Septemberโs total. Uniswap stands as the predominant contributor to the trade volume, accounting for nearly 80% of the total. Other DEXes, such as Curve and Orca, have also showcased notable volume spikes, recording weekly volume changes of +130% and +64%, respectively.
2/ Farcaster, a decentralized social protocol, has opened registration to everyone with no whitelist or invitation required. Membrane Labs, a crypto-focused trading and lending platform, has raised $20M from a Series A funding round.
3/ JP Morgan unveiled its tokenization platform called Tokenized Collateral Network (TCN). TCN enables the conversion of traditional assets to digital assets and makes way for faster and more secure on-chain settlements.
