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Demex Daily #175: Chainlink Integrates CCIP and Automation on Gnosis for Enhanced Interoperability

What’s Interesting Today: Chainlink's CCIP interoperability protocol and Automation services are now operational on the Gnosis network, enabling developers to outsource heavy computing tasks and reduce gas fees by up to 90%. This integration facilitates cross-chain communication and value swapping, enhancing Chainlink's position as a

Demex Daily #174: Lido Partners with Mellow and Symbiotic to Strengthen DeFi Presence

What’s Interesting Today: Lido, confronted by EigenLayer's growing presence in Ethereum DeFi staking, has introduced "Restaking Vaults" in collaboration with Mellow Finance and Symbiotic. This move is part of Lido's reGOOSE strategy and the Lido Alliance, aiming to reinforce the importance of stETH

Demex Daily #173: Optimism Advances Decentralization with Launch of Permissionless Withdrawals on OP Mainnet

What’s Interesting Today: Optimism has reached a significant decentralization milestone with its implementation of permissionless fault proofs on the OP Mainnet. This upgrade allows users to execute ETH and ERC-20 withdrawals directly to Ethereum Layer 1 without needing centralized intervention. Users can now challenge invalid withdrawals by providing collateral,

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