Blockchain Today Weekly Digest

31 Aug — 5 Sept

SushiSwap has crossed $700 million in total value locked within three days of the project announcement. Read about this and other news in our weekly digest.

1. Sushi token is considered to be an “evolution” to Uniswap.

Let’s compare these two protocols. The main difference is the governance token Sushi, which would be offered to liquidity providers. As for Uniswap, it doesn’t yet have its governance token and offers collected trading fees. SushiSwap also allows users to trade the tokens or cast governance votes.

Uniswap is breaking new records in its turn. The number one decentralized exchange protocol got ahead of Coinbase Pro’s trading volumes for the first time.

Read more on Blockchain Today

2. Yearn.finance, which is a governance token reached $38,682

Yearn.finance got ahead of Bitcoin almost twice. The factors that had an impact on this success are the listing to the Aave platform, powerful technicals and partnerships.

The collaboration with the exchange FTX is expected in the near future. Besides, compared to Bitcoin, they are scarce in supply. There is an opinion that YFI will achieve a valuation of several billion dollars.

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3. Bitcoins hit $10000, while gold is near to inflection point

After a few days of drops, Bitcoin has reacquired some value and now is about $10,500. Most altcoins are also recovering, with the total market gap increasing by $10B.

The market experts mentioned the major event noticed within the last 6 months. During this time, crypto assets have been recording new high scores, while central bank invasions in the economy reach unprecedented levels.

Read more on Blockchain Today

This was the most important news for this week. Follow us for reading our weekly digests and always be updated!