binance CEO Changpeng Zhaopopularly known as “CZ”, said that the crypto space requires more decentralized exchanges.
What happened: According to CZ, DeFi platform pancake swap has the most users while Uniswap has the highest total locked (TVL). “It’s still too centralized,” CZ tweeted.
PanCakeSwap v3 has undergone a major upgrade and is now live on BNB Chain and ether ETH/USD.
See more: Top Indian Apps Giving Bitcoin, NFT Rewards
In a blog post, PancakeSwap focused on the highlights of the v3 upgrade, which includes much lower trading fees compared to v2, “several times higher fee income” for liquidity providers, and much higher capital efficiency.
Data from DeFiLama shows that UniSwap has locked $4.6 billion TVL across six chains.
Price action: ETH traded at $1,909 in the last 24 hours, up 5.30%, according to Benzinga Pro.
Continue reading: Dogecoin falls as Bitcoin, Ethereum spike: Analyst sees ‘crucial area’ for Apex Crypto to hit $30,000
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