DeFi and DEXs Helped Increase Ethereum’s Transaction Volume
Key to this increment in transaction volume on the Ethereum network was DeFi and Decentralized exchanges. The team at DappRaddar explained it as follows:
Record-high figures could be spotted in transaction volumes too. Transaction volumes almost doubled in August and surpassed the $24 billion line. Of course, DeFi and DEX dapps played a vital role there. Both grew by $9 billion in August.
The KuCoin hacker continues to launder the stolen crypto.
To do so, the hacker is sending the money through decentralized exchanges.
But it’s still possible to trace the funds before and after they’ve been sold on DEXs. Here’s where it’s gone so far.
To the surprise of some investors, Bitcoin has been able to find some relative stability above $9,500
The cryptocurrency has now been trading above this level for over a day, and bears have not been able to catalyze any type of sharp selloff
It now appears that BTC may need to see a pullback before