Uniswap flips Bitcoin on daily revenue and it’s more impressive than you think
Uniswap flips Bitcoin, Liquidity provider fees for Uniswap have surpassed BTC network revenue on a seven-day average. Uniswap has surpassed Bitcoin in terms of daily fee generation for two days in a row. Uniswap had generated $7.1 million in fees over the past 24 hours compared to Bitcoin’s $4.6 million.
Yearn Finance surges 45% as it joins dog pack with WOOFY
Yearn Finance is up nearly 45% in 24 hours, and it appears to be thanks to the team’s new dog token offering a bi-directional peg to YFI. Despite Dogecoin retracing from its all-time highs above $0.70, dog tokens continue to attract astonishing levels of popularity, with Defi “blue-chip”.
EOS and YFI lead altcoins higher as Bitcoin and Ether bounce from swing lows
YFI, EOS and REV notched double-digit rallies as altcoins capitalized on the oversold bounce in Bitcoin and Ethereum price. The markets were mixed on May 11 as Bitcoin (BTC) recovered from Monday’s drop to $53,000 by bouncing to $56,862 but the digital asset is still finding resistance at the $57,000 level.
Dogelon Mars, Shiba Inu and Dogecoin take the lead
Canine-themed meme tokens like ELON, SHIB and DOGE have taken control of the market while Bitcoin consolidates below $57,000 and Ethereum holds above the $4,000 mark. The biggest event generating conversations across the crypto sector and social media is the rise of dog-themed tokens inspired by the recent mega rally from Dogecoin (DOGE).
Enjin takes an interest in the project that delivers physically-backed NFTs
A new NFT marketplace plans to make tokenized art and media real, putting it on things like T-shirts and hats, and even 3D printing them. A big milestone for Enjin came in March when Efinity was unveiled — a next-generation NFT blockchain built on Polkadot. Uniqly describes itself as a “bridge between virtual nonfungible tokens and real-world goods”