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Uniswap sees record monthly volume on L2 as DeFi demand flows back

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Uniswap, the largest decentralized exchange (DEX), achieved a milestone in November with record-breaking monthly trading volumes across Ethereum and its layer-2 networks. The surge in activity reflects growing demand for decentralized finance (DeFi) platforms as users seek efficient and cost-effective alternatives to centralized exchanges. The combined trading volume underscores Uniswap’s dominance in the DeFi space and its adaptability to evolving blockchain infrastructure.

Key drivers behind the surge include the increasing adoption of Ethereum layer-2 solutions like Arbitrum and Optimism, which significantly reduce transaction fees and improve processing speeds. Uniswap’s integration with these networks has made it more accessible to a broader user base, particularly during periods of heightened market activity. Analysts note that this scalability is crucial for supporting the platform’s growing role in the DeFi ecosystem.

The milestone highlights the ongoing migration of liquidity and trading activity from centralized platforms to decentralized protocols. Uniswap’s record volumes come as regulatory scrutiny intensifies on centralized exchanges, prompting users to explore non-custodial alternatives that offer greater transparency and control over assets. This shift aligns with broader trends emphasizing self-custody and decentralized financial tools.

Uniswap’s performance demonstrates the resilience and potential of DeFi platforms in navigating market fluctuations and user demand. As Ethereum’s scalability improves through layer-2 solutions, platforms like Uniswap are well-positioned to capitalize on the growing interest in decentralized trading, paving the way for further innovation in the rapidly expanding DeFi sector.

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US lawmakers advance anti-CBDC bill

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U.S. lawmakers have voted to advance a bill aimed at blocking the Federal Reserve from issuing a central bank digital currency (CBDC), marking a major step in the political pushback against the development of a digital dollar.

The bill, which passed through the House Financial Services Committee, would prohibit the Fed from directly offering accounts or issuing a CBDC to individuals, citing concerns over surveillance, privacy, and government overreach.

Supporters of the legislation argue that a digital dollar could pose significant risks to civil liberties, enabling real-time tracking of consumer transactions and expanding federal control over personal finances. They view the bill as a safeguard against what they describe as a “surveillance-style” monetary system.

Opponents of the bill, however, argue that restricting CBDC development could hinder U.S. innovation and global competitiveness in the evolving digital financial landscape.

The legislation now moves closer to a potential floor vote in Congress. Its progress underscores growing ideological divisions over the future of money in the United States, with CBDCs emerging as a new front in the broader debate over digital governance, financial freedom, and the role of government in the digital age.

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Gemini to open Miami office after judge stays SEC case

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Crypto exchange Gemini has opened a new office in Miami, reinforcing its commitment to expanding operations despite pausing its plans for an initial public offering (IPO) amid a continuing legal battle with the U.S. Securities and Exchange Commission (SEC).

The Miami office signals the company’s long-term vision for growth in key U.S. markets, even as regulatory uncertainty clouds the broader crypto landscape. The expansion comes at a time when Gemini is facing heightened scrutiny from the SEC over its Earn program, which the regulator alleges involved unregistered securities.

While the IPO remains on hold, Gemini continues to strengthen its infrastructure and team, focusing on user growth, compliance, and regional outreach. The Miami hub is expected to play a strategic role in those efforts, leveraging the city’s growing status as a U.S. crypto hotspot.

Co-founders Cameron and Tyler Winklevoss remain vocal about the need for clear regulatory frameworks and have emphasized that Gemini will continue to fight for fair treatment while building responsibly in the U.S. and abroad.

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Coinbase Institutional files for XRP futures trading with CFTC

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Coinbase Institutional has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to offer XRP futures trading, marking a significant move toward expanding institutional access to Ripple’s native token.

The filing, submitted through Coinbase Derivatives, signals the exchange’s intent to list XRP futures contracts in a regulated environment. If approved, it would allow institutional investors to gain exposure to XRP through derivative products, a key step in broadening the token’s presence in traditional financial markets.

This development comes amid a gradually improving regulatory climate for XRP, following a partial legal victory for Ripple in its ongoing case with the U.S. Securities and Exchange Commission (SEC). The outcome gave XRP a degree of legal clarity, opening the door for exchanges and financial institutions to re-engage with the asset.

Coinbase’s push to expand its derivatives offerings also aligns with its strategy to build a more robust institutional platform. Approval from the CFTC would position the exchange to capitalize on growing demand for regulated crypto investment vehicles.

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