Oasis, a protocol that aims to secure user privacy information, has seen volatile price action in the past month, rising and falling by 183% in just four days.

Globally, cryptocurrency has never been in sharper focus.Following suit from a historic 2021 spanning El Salvador’s Bitcoin adoption to all-time high market prices,...

Swing, a blockchain startup that enables cross-chain liquidity and liquidity aggregation across blockchains, announced that it has raised USD 6 Million in a strategic funding round from leading investors in the blockchain ecosystem. Housing several trading, lending, and borrowing protocols, the Ethereum ecosystem dominates the decentralized financial (DeFi) area. This has reverberated across the network, pushing Ethereum to its limits but also speeding up the pace of invention and experimentation. Swing leverages layer 1 and layer 2 solutions like Polygon, Binance Smart Chain, Avalanche, Solana, Arbitrum, and more to get past and challenge Ethereum’s performance restrictions. The strategic round of funding was led by Republic Capital and also saw participation from blockchain-centric VCs including Avalanche Labs, Bitcoin.com, Skynet EGLD Capital, Celer, Ascensive Assets, Haskey, Morningstar Ventures, Kane & Rao among others. With this round of strategic funding, Swing has achieved a valuation of USD 60 Million, making it one of the most sought-after projects in the DeFi space. With this successful fundraiser, Swing aims to fastrack its plans to launch APIs to aggregate major liquidity sources and bridges with the aim of enabling cross-chain liquidity and progress closer to its vision of decentralized liquidity across the DeFi multi-chain ecosystem. The funding will be utilized to propel Swing’s development and expansion of teams. The Future of DeFi: A Big Stride Towards Cross-Chain Infrastructure For The Internet The total value locked (TVL) in the DeFi space, a measure of the number of assets staked in a specific protocol, quadrupled in 2021 alone bringing its TVL to USD 201.55 Billion in 2022. The DeFi space has witnessed a boom of decentralized exchanges (DEXs) and protocols, the issue of sporadic liquidity is ever persistent. Further, DEX Aggregators find themselves restrained to connecting liquidity pools on the Ethereum chain thereby, limiting possibilities of multi-chain liquidity aggregation. While Ethereum is one of the most prominent chains for building protocols, it is no revelation that its network congestion and stark lack of scalability have resulted in high latency and soaring gas fees. It is vividly clear that blockchain interoperability is the need of the hour to resolve the issue of liquidity fragmentation on DEXs. This is why Swing is building an efficient cross-chain infrastructure for the internet which will compose and aggregate liquidity across blockchains and thereby, move assets across multiple ecosystems with minimum slippage. This is said to become an indispensable part of the DeFi ecosystem. By enabling cross-chain transactions, the project aims to bring in a new era of decentralized trading. With these features and offerings, Swing aims to be the Stripe for cross-chain transactions. Much like how Stripe enables websites and apps to take payments over their websites, Swing will simplify cross-chain swaps and transfers for developers and businesses with its much-awaited API product. By enabling cross-chain transactions, the project aims to bring in a new era of decentralized trading. By offering a cross-chain asset exchange and decentralized liquidity protocol that uses Layer 2 chains and major EVM networks, DeFi traders, investors & developers can use Swing to move crypto capital efficiently across blockchains. AMM dexes, yield farms, lending/borrowing and staking protocols will greatly benefit from Swing’s cross-chain bridging solution. Swing navigates across top protocols and exchanges on Layer 1 and 2 chains with its cross-chain bridges and intelligent algorithms to beat and match market swap prices. Swing is currently compatible with Ethereum, Polygon, Binance Smart Chain, Harmony, Avalanche, xDai, Moonriver, and Phantom and is said to expand to Solana, Harmony, Polkadot, Cardano, Optimism, and Near soon. Concluding Thoughts The coexistence and interoperability of multiple blockchains is a necessity for the continued growth and survival of the DeFi industry. In this light, the search for an efficient and simple cross-chain trading and liquidity aggregator is more important than ever. This is where Swing’s offering to go the last mile for crypto liquidity has become a critical part of the whole crypto infrastructure. Swing will be a one-of-a-kind gamechanger to empower developers, investors, and users all over the world to move crypto assets effortlessly using blockchain smart contracts, relayers, and cross-chain bridges. The future is multi-chain! Think multichain, Think Swing!  

Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Connor Dempsey, Ryan Yi & Justin Mart.2021 was...

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The Onomy ONEX protocol for trading crypto and forex pairs is coming to Polygon as we can see more today in our latest cryptocurrency news. ONEX is a multi-chain decentralized exchange that allows for the trading of crypto and forex pairs. Its application-specific Layer 1 blockchain is built on the cosmos Tendermint but it powers […]

Don't write off Ethereum just yet. The second-largest blockchain network by market capitalization after Bitcoin has become the dominant venue for some of the hottest cryptocurrency innovations, from decentralized finance (DeFi) to non-fungible tokens (NFT). The network's popularity – and the high fees of transacting on it – has inspired a bevy of competitors aiming…

The post Ethereum Could Hold Lead as Dominant Smart-Contract Blockchain: Coinbase Analysts appeared first on Bitcoin News Miner.

Crypto prices haven’t been this low since early last summer.

Ethereum could lead the way as the most dominant smart contract blockchain and the only real ETH killer could end up being ETH 2.0 according to an analyst from Coinbase. We are reading more about it in today’s Ethereum latest news. The second biggest blockchain network by market cap after BTC became the dominant venue […]

Layer 1 tokens are among the hardest hit in today’s market crash despite Bitcoin reaching its 6-month low. In today’s altcoin news, we can see more about the price analysis. Bitcoin dropped below the key $40,000 price range and ETH still continues to sink under $3000 with a few other altcoins suffering the worst losses […]

Accel DeFi (ACCEL), a latest venture founded in late 2021 when 3 different projects joined forces to create a single multi-utility token (ACCEL), is going to redefine decentralized finance. With a market cap of over $6M, ACCEL is currently live on Ethereum Network (ETH) and Binance Smart Chain (BSC).

Accel Defi brings the best of crypto, defi, and blockchain all together under one roof.

Accel DeFi is a consulting firm specialising in marketing, FinTech, and Decentralized Finance. It is a group of DeFi experts with a history of successful business initiatives to serve as a framework for this new organization. Accel Defi combines the finest of crypto, defi, and blockchain technologies under one platform. A platform to construct your projects, pay for services with cryptocurrency, monitor the charts of the recent projects, and uncover the deal flow for the latest projects.

With a total supply of 5B, the ACCEL token is going to power Accel DeFi, a decentralized distribution network. Accel DeFi's brains have worked on some of the most significant advancements in the DeFi space.

Redefining Web3 and DeFi

ACCEL DeFi aims to redefine Web3 and decentralized finance by offering various solutions for the cryptosphere.

ACCEL offers a variety of products and services.

Products

UnREKT App

UnREKT is a trading application that will enable the creation of conventional limit orders for decentralized tokens. UnREKT will be built on top of current exchanges rather than creating ACCEL's own decentralized exchange. UnREKT will become the most utilised and sought after trading application available by tackling the apparent flaws in existing DEX's, offering traders with the security and use of a CEX, but the flexibility of trading microcrypto on numerous DEX's. Traders will no longer have to worry about manually halting losses or staying up late to monitor a chart since the UnREKT app will do it for them.

ArbiBridge

ArbiBridge is a multi-chain bridge that connects layer 1 and layer 2 networks, as well as tokens and coins. Creating Accel's own cross-chain bridge will allow Accel product users to perform cross-chain transactions effortlessly and conveniently.

XRATIO Pay

XRATIO Pay is a service payment system that aims to provide safe and secure payments to crypto for developers and anyone to use. We can provide a service similar to freelancing platforms like Fiverr and Upwork, but decentralized, by bringing the gig economy to crypto and using a unique payment escrow mechanism. Payment is kept in escrow through a contract under this system, and as contract milestones are met, payment is released to the service provider. If the service provider fails to fulfil their obligations under the contract, the client may register a complaint/dispute over payment and the status of the services delivered.

Accel NFT Marketplace

Accel also provides a use case-based NFT minting and sales platform that imposes a sales fee depending on NFT collecting parameters.

Accel Portfolio

As an ACCEL token staker, you will earn a pro rata share of all payouts to the staking pool.

Accel Trader App

An iOS/Android app that unifies the functionalities and trader utilities offered by all ACCEL partners into one mobile location.

Accel Wallet

Secure crypto wallet with a ledger architecture that allows for zero-fee Accel wallet to Accel wallet transfers.

XRATIO Tools

XRATIO tools is a trading tools platform that gives information on charts, price movements, new pair and trending pair information, as well as buy and sell information and other contract interaction information of a token.

Services

Accel DeFi University

Accel will create the first ever DAO-based educational crypto community with Accel Defi University.

Accel Defi investors will receive access to a developing system of information and tools to assist their complete crypto experience through Accel's database and network.

Accel Product Development

Token and contract development, implementation, and launch assistance based on demand and client requirements.

Accel Gaming

Platform for game publishing and gaming decks for blockchain Metaverse and NFT asset-based games.

Crypto Services Marketplace

A service marketplace that lists crypto service providers and accepts XRATIO payments for guaranteed service payments.

Launchpad

An all-in-one Accel team committed to assisting developers in the creation, launch, and customization of their own smart contracts.

Marketing

An in-house marketing and audience development team is available for hiring for both internal and external projects.

AMA's

AMA hosting is used to link communities and provide a platform for external project developers to reach a larger audience and discuss utilities/projects in progress.

Basis of Accel DeFi Ecosystem

The Accel DeFi project was initiated with the objective of providing decentralized solutions for businesses and individuals. Accel has spent considerable work identifying flaws in thousands of tokens. Accel's goal is to combine the greatest aspects of various projects into a single promising token.

The Accel team has put itself up for success with a highly skilled staff consisting of intangible skill sets and an in-depth grasp of the crypto markets.

Backstory

Accel DeFi was launched in late 2021, when three separate projects agreed to collaborate and develop a single multi-utility token that would alter decentralised finance as we know it.

Tokenomics

Name: Accel Token

Ticker: ACCEL

Blockchain: Ethereum Network

Max Supply: 5,000,000,000 (5 Billion)

Fee on Buys and Sells: 10%

• 5% Rewards to stakers

• 3% Development

• 2% Sustainment

Audited by Solidity Finance prior to launch

Successful Launch and Pre-Sale

On January 07 2022, ACCEL completed its launch on Ethereum Network (ETH) with a market cap of over 6 million USD. The token has a total supply of 3.5 million since the launch, and over 3500 holders.

The ‘Accel BNB Presale' (ABPS) token also went live on Binance Smart Chain (BSC) on January 03, 2022.

The token is listed on the Decentralized Exchange, HotBit. ACCEL has also been listed on CoinMarketCap and CoinGecko on 9th of January 2022.

With further planned partnerships and marketing projects forthcoming, ACCEL is expected to launch on Polygon and Arbitrum networks in the coming months.

ACCEL Vision

ACCEL is bringing a revolution to the token industry, with the goal of assisting other young entrepreneurs in launching their own crypto businesses and serving as a catalyst to offer them the best chance of success possible. Accel DeFi is offering many utilities to small market tokens that are backed by a corporation providing the largest market possible.

With over 90 individuals including an internal product development team, social marketing team and content creation team; Accel DeFi is fully equipped to accelerate DeFi to new heights.

Further details can be found on Accel DeFi's official website.

About ACCEL DeFi

Accel DeFi is a consulting firm specialising in marketing, FinTech, and Decentralized Finance. It is a group of DeFi experts with a history of successful business initiatives to serve as a framework for this new organization. Accel Defi combines the finest of crypto, defi, and blockchain technologies under one platform. A platform to construct your projects, pay for services with cryptocurrency, monitor the charts of the recent projects, and uncover the deal flow for the latest projects.

Website | Twitter | Facebook | Youtube | Clubhouse | Discord | Reddit | Instagram | Telegram | Telegram (Announcements)

References

CoinMarketCap: https://coinmarketcap.com/currencies/accel/

CoinGecko: https://www.coingecko.com/en/coins/accel-defi

Hotbit: https://www.hotbit.io/exchange?symbol=ACCEL_USDT

WETH/ACCEL Dextools: https://www.dextools.io/app/ether/pair-explorer/0x9219df155698b27498d4cdd5494b30cf2d3b4911

BNB/ABPS Dextools: https://www.dextools.io/app/bsc/pair-explorer/0xe7162214f693d5e3fe188167a1bd05583bcf4fb0