Limit order protocols offer more flexibility and efficiency to DEX traders

[ad_1] As decentralized exchanges (DEXs) evolve, their functionalities become more and more advanced, often matching those of centralized exchanges (CEXs). One such functionality is the ability to place limit orders, which offers more flexibility and efficiency to DEX traders. This article looks at the existing limit order features and their prospective implementations.  Unlike a market order, which is executed immediately at the last market price with potential slippage, a limit order is executed at a predefined price as soon as it is reached. Market orders are used by default in…

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Layer-one protocols chip away at Ethereum’s dominance.

[ad_1] The rise of decentralized finance and nonfungible tokens has transformed the blockchain ecosystem and generated near unimaginable riches for investors, but none of this would be possible without the strong foundation offered by layer-one blockchain networks like Bitcoin and Ethereum.  Smart contracts and layer-two protocols promise to revolutionize the finance and logistics industry, but they require a robust, secure and distributed network to operate on and to ensure their immutability. Currently, most of the top layer-two projects operate on the Ethereum network, and this has resulted in increased transaction…

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How do DeFi protocols get hacked?

[ad_1] The decentralized finance sector is growing at a breakneck pace. Three years ago, the total value locked in DeFi was a mere $800 million. By February 2021, the figure had grown to $40 billion; in April 2021, it attained a milestone of $80 billion; and now it stands at above $140 billion. Such rapid growth in a new market could not but attract the attention of all manner of hackers and fraudsters. According to a report by crypto research company, since 2019, the DeFi sector has lost about $284.9…

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