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Uniswap Launches Swap Widget — Devs Can Embed the Dex With ‘One Line of Code’

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Uniswap Launches Swap Widget — Devs Can Embed the Dex With 'One Line of Code'

On Thursday, Uniswap Labs, the company behind the popular decentralized finance (defi) protocol, Uniswap, launched a tool called the Swap Widget. Essentially, the widget allows developers and decentralized app (dapp) operators to embed the Uniswap decentralized exchange (dex) app with “one line of code.”

Software Engineers Can Now Embed Uniswap Swapping Functionality Into Web3 Dapps

One of the largest dex applications in terms of trade volume, Uniswap, announced the launch of a new widget tool that gives dapp operators the ability to integrate Uniswap into their third-party applications. The Uniswap blog post that announces the new Swap Widget explains that integration is easy as it only requires a single React component and one line of code.

“We envision a world in which everyone is able to access fair, open, and transparent markets,” the company said on Thursday. “The Swap Widget brings this vision closer to reality by allowing developers to easily embed Uniswap swapping functionality, allowing their users to seamlessly swap tokens, join a community or DAO, wrap assets, and more, without leaving their apps.”

The Swap Widget features a user interface that is customizable and for pricing the widget “bundles Uniswap Labs’ Auto Router to find the best price across Uniswap v2 + v3 token pools.” The widget also connects to layer two (L2) chains including Polygon, Arbitrum, and Optimism. Uniswap says that the Swap Widget is already available in a number of popular Web3 applications like Oasis.app, Friends With Benefits, and the non-fungible token (NFT) marketplace Opensea.

As of Thursday, the widget is fully available to embed into a Web3 application and people can follow instructions by leveraging Uniswap’s developer docs. In order to ask questions or get technical support, interested Swap Widget users need to join the group’s Discord channel. At the time of writing, Uniswap v3 has the largest trading volume out of a slew of dex protocols with $1.11 billion in 24-hour volume. There are 479 unique tokens available on Uniswap and roughly 923 pairs, according to dex platform statistics.

What do you think about Uniswap’s Swap Widget? Let us know what you think about this subject in the comments section below.

Makerdao Dev Insists Defi Protocol Should Leverage Real World Assets to Scale

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On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good, but “the time is passing” and he believes Makerdao needs “to take the next step and begin integrating with the real world at scale.”

Makerdao Community Proposal Discusses Integrating Real World Assets Into the CDP Equation

A software engineer from the Makerdao team has an idea that he thinks will invigorate the decentralized finance (defi) protocol. Essentially, Makerdao is a collateralized debt position (CDP) or protocol that manages the issuance of the stablecoin DAI. Across various blockchains, data from defillama.com statistics show there are roughly 31 different CDPs and Makerdao is the largest in terms of total value locked (TVL). Today, Makerdao has $16.15 billion TVL, which has increased 6.99% over the last seven days.

Makerdao is also the second-largest defi protocol, under Curve Finance, in terms of the value locked in defi today. Makerdao’s DAI stablecoin is the fifth-largest stablecoin in terms of market valuation, with $9.5 billion. DAI has recently been overtaken by the stablecoin UST issued on Terra’s network, as UST now has a valuation of around $15.4 billion. This past week, Makerdao protocol engineer Hexonaut revealed an idea that proposes to introduce real world assets (RWAs) into Makerdao’s CDP scheme. Hexonaut explained that a “short-term crutch” was when the project leveraged centralized stablecoins like USDC.

However, Hexonaut’s proposal stresses that crypto-native yields have dried up liquidity, and he thinks the project should “expand to uncorrelated, quality loans to diversify the portfolio with productive assets again.” The protocol engineer also published a Makerdao governance proposal the same day, with other contributors, in a post called the “Aggressive Growth Strategy.” In the proposal, Hexonaut details that he thinks it’s inevitable that the project will rely on RWAs. Hexonaut proposes a two-step plan which involves a capital raise and taking risk-on exposure “conservatively.”

The developer believes it’s the right time for Makerdao to leverage RWAs as a number of competitor protocols have focused on bridging RWAs. Hexonaut’s proposal states:

We believe the time is right to kick the RWA effort into overdrive. Along with our own efforts to improve and scale the pool of borrowers we already collaborate with, there are a number of off-chain counter-parties and on-chain protocols that have emerged over the last year spearheading the effort to connect RWAs into crypto.

Some Makerdao Supporters Loved Hexonaut’s Proposal, While Others Called It a ‘Terrible Idea’

The comments that followed Hexonaut’s proposal show that some people thought adding RWAs had pros and cons. One user named Psychonaut said that he loved the idea of “raising the surplus buffer by selling bond-style investments.”

“I actually brought this up on Discord two days ago. However, I like your model better than a traditional bond structure,” Psychonaut added. On Twitter, however, Hexonaut’s proposal received criticism.

“This is a terrible idea,” a Twitter user named Foobar said. “Complexity is a bug, not a feature. DAI needs to stand on its own, without real-world risk factors being introduced for no reason. You like RWA, fine. Go build a RWA protocol.” Another Twitter user sarcastically tweeted: “Holy sh**. Maker using real-world centralized assets that can be frozen immediately by [the] government and confiscated forever.”

What do you think about Hexonaut’s Makerdao proposal and the idea to use real-world assets (RWAs)? Let us know what you think about this subject in the comments section below.

Value Locked in Defi Rebounds — Smart Contract Tokens CPH, LUNA, XCP Lead the Pack

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Value Locked in Defi Rebounds — Smart Contract Tokens CPH, LUNA, XCP Lead the Pack

The total value locked in decentralized finance (defi) has managed to jump above the $200 billion zone, as crypto markets have rebounded from the market downturn last week. A number of native assets from the $611 billion worth of smart contract protocols have seen double-digit gains with cypherium (CPH), counterparty (XCP), and terra (LUNA) leading the pack.

TVL in Defi Jumps Back Above $200 Billion — Cypherium, Counterparty, Terra Rise

Crypto markets have recovered after initially dropping after Russia invaded Ukraine three days ago and the rebound has pushed defi value up as well. After falling beneath the $200 billion mark, the total value locked (TVL) in defi has jumped back above the zone to $200.94 billion on February 27.

The TVL in defi across all the top blockchains hit a low of $185.9 billion on January 28 and it’s up 10.61% since that day. Curve dominance is 8.68% on Sunday with $17.86 billion total value locked but the defi protocol’s TVL is down 5.61% since last week.

Ethereum dominance, in terms of the TVL in defi today, is 55.94% with the current $112.36 billion TVL. Terra’s the second-largest blockchain TVL in defi on Sunday with $20.17 billion which is 10.04% of the TVL in defi.

The third-largest blockchain TVL in defi is Binance Smart Chain (BSC) with $12.13 billion locked. Defillama.com metrics show Chainlink is the largest defi oracle today securing 138 protocols with $52.66 billion locked.

In terms of smart contract coins, cypherium (CPH) was this week’s biggest gainer with a 330% gain. The smart contract coin, in terms of this week’s second-largest gains, is the old-school token counterparty (XCP). Counterparty has jumped 54% higher in value against the U.S. dollar during the last seven days.

Terra (LUNA) managed to spike by 52% this past week as the coin is the third-largest smart contract token gainer this week. At the time of writing, the aggregate value of all the smart contract platform native tokens in existence is $611 billion down 0.3% in the last day.

Presently, there’s $23.63 billion TVL across cross-chain bridge platforms today up 16.6% since last week. The count of unique bridge deposit addresses during the last month is 57,911 addresses.

The top five blockchains in terms of cross-chain bridge TVL on Sunday, February 27 include Avalanche, Polygon, Fantom, Ronin, and Arbitrum. Moreover, data collected by Coin98 Analytics from Santiment indicates that Solana has the most active developer count as of February 19, 2022. Solana’s developer count is followed by Ethereum, Cardano, Polkadot, Cosmos, and Terra.

What do you think about this week’s decentralized finance action? Let us know what you think about this subject in the comments section below.

Value Locked in Defi Climbs 13% Higher Since Last Week’s Low, SOL Price Jumps 25%, AVAX TVL Spikes

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Value Locked in Defi Climbs 13% Higher Since Last Week's Low, SOL Price Jumps 25%, AVAX TVL Spikes

The total value locked (TVL) in decentralized finance (defi) has jumped back above the $200 billion range, hovering around $216.49 billion on Saturday morning (EST). The TVL in defi has increased 13.60% since tapping a low of $190.57 billion 13 days ago on January 23. The decentralized exchange (dex) Curve’s $19.41 billion TVL dominates the total value locked by 8.84%

Ethereum’s Defi TVL Dominates by 61% Increasing 10% During the Last Week, Cross-Chain Bridge Value Jumps 16.2% in 30 Days


The value locked in decentralized finance (defi) has climbed higher since the low it saw on January 23 dropping $10 billion below the $200 billion mark. Today the TVL is 13.60% higher as the value locked has increased a great deal during the last few days.

The protocol Uniswap’s TVL jumped 9.44% during the last seven days, Balancer increased by 9.25%, and this week Makerdao’s TVL swelled by 9.10%. Furthermore, smart contract platforms, in terms of market capitalization have increased their overall value to $674 billion up 8.3% in the last 24 hours.

The top smart contract platform token ethereum (ETH) has seen its value swell by 18.5% in the last seven days. Binance coin (BNB) jumped 8.8% this week, and cardano’s (ADA) value increased by ​​9.3%.

At the same time, solana (SOL), polkadot (DOT), terra (LUNA), and avalanche (AVAX) saw double-digit weekly gains. SOL climbed the highest this past week, jumping 25.6% against the U.S. dollar.

In terms of defi TVL per blockchain, Ethereum still rules the roost with 516 defi protocols and $135.78 total value locked today. ETH’s TVL represents 61.41% of the entire $216.49 billion locked in defi. The second-largest defi chain is Terra with the network’s 17 defi apps commanding $14.67 billion in value today.

While Ethereum saw a seven-day change by increasing its TVL by 10%, Terra’s defi TVL jumped 7.49%. Avalanche (AVAX) saw one of the largest jumps this week in the top ten TVLs by chain with a 19.38% increase to $10.08 billion.

Cross-chain bridge TVLs have increased during the last month by 16.2% and today, there’s $25.11 billion locked across various bridges. While Polygon’s bridges lead the pack with a $5.59 billion TVL, Avalanche has $5.53 billion locked on Saturday.

Wrapped ethereum (WETH), ethereum (ETH), and USDC are the most leveraged crypto assets on cross-chain bridges this weekend.

What do you think about this week’s defi action and smart contract token markets? Let us know what you think about this subject in the comments section below.

SEC Commissioner: New Proposal Could Give SEC Expansive Power to Regulate Crypto, Defi Platforms

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SEC Commissioner: New Proposal Could Give SEC Expansive Power to Regulate Crypto, Defi Platforms

A commissioner with the U.S. Securities and Exchange Commission (SEC) has voiced concerns regarding a new proposal that could give the securities regulator new powers to regulate cryptocurrency platforms and decentralized finance (defi) protocols.

New SEC Proposal Could Hurt the Crypto Industry, Commissioner Peirce Cautions

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has warned that a recent proposal could be devastating for the crypto industry, Bloomberg reported Tuesday. Peirce is a pro-bitcoin commissioner, who is also known in the crypto community as “crypto mom.”

The SEC proposed amendments to regulate “significant Treasury markets platforms” within Regulation ATS last week. The 654-page proposal seeks to “expand Regulation ATS for alternative trading systems (ATS) that trade government securities, NMS [National Market System] stock, and other securities.” It also proposes to “extend Regulation SCI to ATSs that trade government securities” and “amend the SEC rule regarding the definition of an ‘exchange’ to address a regulatory gap.”

Commissioner Peirce warned that while the proposal does not mention crypto, it could give officials sweeping new powers to scrutinize cryptocurrency platforms, including decentralized finance (defi) protocols. She told the publication:

The proposal includes very expansive language, which, together with the chair’s apparent interest in regulating all things crypto, suggests that it could be used to regulate crypto platforms.

The pro-bitcoin commissioner stressed that “The proposal could reach more types of trading mechanisms, including potentially defi protocols.”

The securities watchdog claims that the proposal is meant to close a “regulatory gap” created by market participants using platforms that are not registered as exchanges or brokerages to trade all types of securities. SEC Chairman Gary Gensler said last week that it would “promote resiliency and greater access in the Treasury market.”

The proposal is now open for public comments. The SEC must hold another vote before the regulations become final.

Gensler has been vocal about the need to regulate cryptocurrency and defi platforms. In December, he added a crypto adviser to his executive staff. In January, the SEC chairman said, “If the trading platforms don’t come into the regulated space, it’d be another year of the public being vulnerable.”

Do you think the SEC should have more power to regulate crypto trading platforms and defi protocols? Let us know in the comments section below.