Solana developers have proposed a plan to eliminate a significant bottleneck to scaling up to millions or even billions of users. They intend to do this by introducing a “lattice-based” hashing system that reduces the effort needed to keep track of the state of every user account. Hashing is the cryptographic process of turning data into a standardized 64-character code that can’t be reverse-engineered, while the state is a snapshot of the data stored in a blockchain. So instead of taking a snapshot of every user on the entire blockchain, and “recalculating everything, it will only update accounts that have changed,” explained research firm Republik Labs in an X post. “This is faster, simpler, and uses fewer resources, letting Solana handle millions (or billions) of accounts more easily.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The Defiant
You can visit the page to read the article.
Source: The Defiant
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin Dips Below $93,000 Amid Inflation Concerns and Macroeconomic Data Impact
The Bitcoin market faced a significant downturn as prices dipped below $93,000, primarily driven by macroeconomic inflation fears that are influencing investor sentiment. Recent data indicates a strong U.S. economy, The Defiant
2 decentralized exchanges for 2025 as DEX/CEX volume ratio reaches an all-time high
Decentralized exchanges ( DEX ) are increasing their relevance on the cryptocurrency trading landscape, approaching the centralized platforms ( CEX ) in volume. In this context, Finbold selected three DEX projects to keep an eye for 2025. As of January 7, the DEX/CEX volume ratio reached an all-time high, with over 20% of all crypto trading happening on decentralized exchanges. This data is from IntoTheBlock , shared on X by Hayden Adams, inventor of the Uniswap protocol, a leading decentralized exchange. DEX to CEX Spot Trade Volume (%). Source: IntoTheBlock / Hayden Adams Uniswap (UNI) as the leading DEX for the EVM ecosystem Among the top projects to keep an eye for 2025, Uniswap ( UNI ) stands out as the leading decentralized exchange for the Ethereum Virtual Machine (EVM) ecosystem. According to DefiLlama , Uniswap is also the biggest DEX in total value locked (TVL) among all ecosystems, with $6.11 billion. Its TVL has increased by 4% in the last seven days, despite the recent market crash, suggesting a healthy ecosystem. In the last 24 hours, Uniswap has seen $3.275 billion in trading volume, collecting over $5 million in fees. Protocol Rankings from 1 (Lido) to 6 (Uniswap). Source: DefiLlama . Raydium as the trading heart on Solana In second, there is Raydium ( RAY ), the trading heart giving life to Solana ( SOL )’s decentralized finance ecosystem, especially memecoins. Solana got the spotlights in the past few years thanks to the memecoin boom , bringing demand and capital there. Raydium is the most-used decentralized exchange by Solana traders who swap among the different utility tokens of the ecosystem, but also speculate on the active memecoin market, winning and losing huge sums of money. With that, Solana’s leading DEX has $2.29 billion in TVL, up 8.66% in the last seven days. Raydium has generated over $2.79 billion in volume and $7.4 million in fees, in the last 24 hours. Protocol Rankings from 17 (Rocket Pool) to 21 (Kamino). Source: DefiLlama . UNI and RAY price analysis As of this writing, UNI is trading at $12.59 and RAY at $4.87, both experiencing losses. In the last seven days, UNI dropped 6.16% and RAY 1.74%, with the most significant losses happening in the last 24 hours. While some traders see the market crash as a threat, losing over $630 million to liquidations , others believe it is an opportunity . Uniswap (UNI) & Raydium (RAY) seven-day price chart. Source: Finbold With solid use cases and a growing DEX/CEX volume ratio, these decentralized exchanges could have strong long term fundamentals, that could lead them to shine in 2025, if demand continues increasing. Nevertheless, the cryptocurrency industry is a dynamic environment, constantly changing and innovating. Uniswap and Raydium will need to keep improving in order to face the competition, that is only getting better with time, shaping the market’s future. Featured image from Shutterstock The post 2 decentralized exchanges for 2025 as DEX/CEX volume ratio reaches an all-time high appeared first on Finbold . The Defiant