DeFi Daily News,November 9th, 2020

ONEROOT
Nov 9, 2020

1. A bitcoin rally to new 2020 highs has been slowed by lower spot volume last Friday. Meanwhile, some ether investors are moving capital out of DeFi. Bitcoin (BTC) trading around $15,502 as of 21:00 UTC (4 p.m. ET). Gaining 2.6% over the previous 24 hours, which trading range was between $15,190-$15,934.

2. The crypto game Axie Infinity tweeted that its NFT pet “Angel” is one of the 19 “Triple Mystery Axies” currently in existence. It was recently sold at a high price of 300 ETH (approximately US$130,000), setting a historical record In addition, Axie Infinity also cooperated with DeFi loan agreement Aave this week to launch a limited edition NFT package, and Axie Infinity monthly active users exceeded 9,000. Axie Infinity is committed to creating a digital pet game kingdom, allowing users to raise pets in a virtual world, namely “Axies”, and participate in battles, collection, or construction of land kingdoms. According to Fonfungible data, Axie Infinity is currently ranked as an NFT game by life cycle transaction volume and has risen to third place.

3. The new version of the decentralized exchange Fairswap developed by the decentralized stable currency protocol Lien Finance has been launched. The first supported trading pair is LIEN/USDC, and the initial liquidity is 300,000 US dollars. The official also provided liquidity for LIEN/ETH in Uniswap, about $100,000. FairSwap is a decentralized transaction protocol designed to prevent front running transactions. The transaction mechanism is inspired by Uniswap and adopts the Automated Trader (AMM) model.

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