Bankless

ROLLUP: 4th Week of May (Uniswap WSJ | Arbitrum Launch | Gamestop NFT)

May 28, 2021
The podcast dives into the recent fluctuations in Bitcoin and Ethereum prices, exploring the unpredictable nature of the crypto market. It highlights the impressive surge in decentralized exchange trading volumes and the rise of privacy solutions like Tornado Cash. The launch of Arbitrum promises to revolutionize the Ethereum ecosystem, while billionaire insights shed light on Bitcoin and Ethereum's distinct roles. GameStop's NFT ventures and regulatory changes add intriguing twists to the crypto landscape, fostering discussions on the importance of long-term investment strategies.
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INSIGHT

DeFi's Resilience

  • Crypto markets, including DeFi, experienced a significant crash but remained resilient.
  • The system didn’t break, demonstrating the robustness of over-collateralization in DeFi.
INSIGHT

DEXs Dominance

  • Decentralized exchanges (DEXs) like Uniswap and SushiSwap saw record-breaking trading volumes.
  • This surge suggests a shift towards decentralized trading platforms.
INSIGHT

Privacy as an App

  • Tornado Cash, an Ethereum-based privacy tool, is gaining traction, potentially challenging Zcash.
  • This suggests that privacy may be better implemented as an application rather than a separate blockchain.
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