Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.
In other DeFi news, crypto scammers are actively using black market identities to avoid detection.
Majority of the top 100 DeFi tokens traded in red for the second week barring a few.
Although record amounts of Bitcoin (BTC) and Ether (ETH) are leaving the exchanges, not all DApps and protocols have shown growth, mainly due to reliance on FTX and Alameda.
Continue reading 1inch seeks to optimize gas costs with its new v5 router According to 1inch, users’ gas costs for swaps will be at least 10% lower than its previous offerings in the DEX segment, therefore making swapping activity on the Ethereum network more profitable for its users.
Thanks for reading our summary of this week’s most impactful DeFi developments.
Source: Cointelegraph
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