DeFi Daily News,February 25th, 2021

1. Bitcoin has reversed its biggest two-day loss since March 2020, as prices returned to as high as above $51,000 on Wednesday after the derivatives market calmed down from an over-leveraged condition. Bitcoin (BTC) trading around $49,119.46 as of 21:00 UTC (4 p.m. ET). Gaining 3.17% over the previous 24 hours, which trading range was between $47,032.52-$51,445.67.

2. According to the ChainNews, DeFi Wizard, a platform for building DeFi smart contracts, announced the completion of $750,000 in financing. Investors include X21 Digital, AU21 Capital, TRG Capital, DeltaHub Capital, NGC Ventures and ExNetwork. According to the official description, DeFi Wizard is a dashboard that can build DeFi smart contracts, mortgage contracts, liquidity mining contracts, etc. on ERC20, BEP20, and EDST in a few clicks, and provide real-time analysis. More than five projects have already used DeFi Wizard pledge service.

3. On February 24, according to The Block data, the February trading volume of the decentralized exchange (DEX) reached 64.83 billion U.S. dollars, setting a record for the highest monthly trading volume. Although February is still a few days away, the monthly trading volume of DEX has so far reached 64.83 billion U.S. dollars, which is obviously higher than the previous record of 61.16 billion U.S. dollars in January. Uniswap continues to lead the decentralized trading platform market. It is the second consecutive month that the platform has a transaction volume of more than 30 billion U.S. dollars. At the same time, February is also the highest monthly income for Ethereum miners. About half of the revenue comes from transaction fees, which reflects the rising cost of transactions on the chain today.


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