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ZKSync Nation: A Step Towards Decentralized Governance or a Centralized Overreach?

zkSync, a prominent Layer 2 scaling solution for Ethereum by Matter Labs, has recently unveiled ZK Nation, a new governance model designed to enhance community engagement and decentralization within its ecosystem. This model introduces a governance structure consisting of three main bodies: the Token Assembly, the Security Council, and the

Demex Daily #172: Ethena Expands DeFi Reach with Aave Integration

What’s Interesting Today: Ethena Labs, issuer of the USDe stablecoin, has expanded its reach in the DeFi sector by integrating with Aave, the largest lending platform in the industry. Users can now deposit various assets including ETH and WBTC on Aave to borrow stablecoins in USDe or sUSDe, with

Archway Trading League

We are excited to announce the Archway Trading League, an exciting trading competition hosted by Demex in partnership with Archway, a Cosmos native protocol. From June 11 to July 11, 9AM UTC, traders can register and participate for a chance to win a share of the 95,000 ARCH tokens

Trade CANTO: Fuel the Future of DeFi on Demex!

Canto is set to revolutionize DeFi with its upcoming massive upgrade, the Cyclone Stack. Demex is thrilled to support this advancement by launching the highly anticipated CANTO perpetual market (CANTO-PERP). This market enables traders to speculate on the price of Canto's native token, allowing you to go long

Demex Daily #171: Fleek and Polygon Labs Redefine Cloud Services

What’s Interesting Today: Fleek, an on-chain cloud platform, has partnered with Polygon Labs to develop high-performance, permissionless web services using Fleek's new cloud infrastructure designed for Polygon Chain Development Kit (CDK) projects. Fleek's Edge Functions testnet introduces CDN and JavaScript Runtime services. This collaboration aims

Demex Daily #170: Mina Mainnet Launches Berkeley Upgrade for Enhanced Privacy and Programmability

What’s Interesting Today: Mina, known for its unique zero-knowledge focus, has implemented the Berkeley upgrade on its mainnet, which marks a significant enhancement by adding programmability to its platform. This blockchain maintains a constant size of just 22 kilobytes thanks to recursive zk-SNARK proofs, allowing for efficient verification and

Demex Daily #169: StarkWare Plans Bitcoin Scaling with Revived OP_CAT

What’s Interesting Today: StarkWare, known for its Ethereum scaling solutions, has announced a bold plan to scale Bitcoin by leveraging a controversial opcode called OP_CAT, which was originally proposed by Satoshi Nakamoto and removed in 2011 due to security concerns. StarkWare’s plan, revealed at a $1 million

Demex Daily #168: Safe{Con}2 Showcases Smart Account Security Innovations

What’s Interesting Today: Safe{Con}2, hosted by Safe during Berlin Blockchain Week 2024, was a significant event in the digital asset ownership and smart account sector. Safe, which secures over $100 billion in digital assets, led this conference, which featured discussions, networking, and major announcements from leading Web3

Demex Daily #167: Hamster Kombat Prepares for Token Launch on TON with 60 Million Users

What’s Interesting Today: Hamster Kombat, a new tap-to-earn game similar to Notcoin and based on Telegram, is preparing to launch its token on The Open Network (TON). Since its launch in March, the game has attracted 60 million users and boasts the largest Telegram channel with 20 million subscribers.

Demex Daily #166: Ethena Labs Launches Synthetic Dollar on Blast Layer 2, Enhancing DeFi Capabilities

What’s Interesting Today: Ethena Labs' synthetic dollar, including USDe and sUSDe, is now operational on the Ethereum Layer 2 network, Blast, bringing native yield, lending, and trading features to various DeFi protocols. Six protocols, including ThrusterFi and HyperlockFi, now support these tokens, offering enhanced liquidity and multiplied rewards.