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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Combined DEX liquidity tags new all-time high of $10 billion

Uniswap’s dominance over the Ethereum DEX sector continues to grow, with the exchange representing more than half of the sector’s combined weekly volume.

The amount of collateral on decentralized exchanges is nearing a milestone high of $10 billion, with Uniswap still sitting at the top of the heap.

Volumes and liquidity on decentralized exchanges have surged in 2021, with collateral approaching a milestone high of $10 billion, according to research by Messari.

Researcher Rahul Rai noted that DEX volumes for February soared to a record $72 billion. Dappradar reports that Uniswap has over half of the total liquidity locked up in DEXes with a TVL of $5.4 billion.

Rai added that despite their success, automated market makers face their own set of challenges:

“A number of inherent problems such as impermanent loss (IL), capital efficiency, slippage, gas costs, speed, and multi-token exposure are holding them back.”

According to Dune Analytics, Uniswap’s dominance over the Ethereum-powered DEX sector is growing, with the exchange hosting roughly $6.5 billion worth of weekly trade or 62.2% of combined trade across Ethereum DEXes.

Monthly volume of Ethereum-powered DEXes: Dune Analytics

Rival DEX SushiSwap, which was spawned in late August 2020 as a Uniswap fork and has big plans for 2021, is second place by  volume — with $1.6 billion in weekly trade or 15.2% of the sector's total trade.

Curve Finance is third in terms of market share with 6.2%, hosting $647 million worth of trade in the past seven days.

DeFi aggregators are growing at an unprecedented rate, with volumes so far this year already dwarfing that of the entirety of 2020. The 1inch exchange is currently top in terms of volumes with a little over $1 billion in the past seven days, according to Dune Analytics.

The sector’s combined volume for March has already tagged $44.3 billion — more than October and November 2020 combined.

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