DeFi Daily News,February 2nd, 2021

ONEROOT
1 min readFeb 2, 2021

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1. Bitcoin is taking a break, staying in a tight trading range with lower than average volume compared to the past month. Meanwhile, alternative cryptocurrencies and decentralized finance are stealing the spotlight. Bitcoin (BTC) trading around $33,782 as of 21:00 UTC (4 p.m. ET). Gaining 2.5% over the previous 24 hours, which trading range was between $32,341-$34,715.

2. According to the ChainNews, SushiSwap (SUSHI) announced the launch of the Minimal Initial SushiSwap Offering (MISO), which allows token creators and communities to issue new tokens, which can simplify the process of launching new projects on SushiSwap. Specifically, MISO has created a series of ready-made smart contracts for non-technical founders to choose suitable token issuance methods, including initial issuance, machine gun pool (Vault), mining options, etc. The contract components include TokenFactory (a factory that creates tokens for the project), machine gun pool and hosting options, initial token issuance contracts (including fixed-price crowdfunding, batch auctions, and Dutch auction methods), mining, and Launcher that makes liquidity easy to migrate.

3. According to BlockBeats news and Dune Analytics, the historical total trading volume of 1inch aggregate trading platform has exceeded 15 billion US dollars, reaching 15.019 billion US dollars. Among them, the transaction volume in the past 7 days was as high as US$2.085 billion.

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