Trading Volume of Decentralized Exchange Aggregators Surges to New Highs ⬆️

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Trading Volume of Decentralized Exchange Aggregators Surges to New Highs ⬆️

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Over the past weeks, the trading volume on some of the famous decentralized exchange (DEX) aggregators has reached new highs.

The most prevalent DEX aggregators to experience the surge in the last one month were 1inch, Paraswap, and 0x, according to Dune Analytics.

Moreover, the total volume for these three DEX aggregators has hit a cumulative weekly all-time high of $6 billion last week. It means a 50% growth since the beginning of November.

Among decentralized exchange aggregators, 1inch is gaining market share. Currently, 1inch holds 53% market share followed by 0x, which is quickly catching up with 1inch with 42% lead recorded at the start of December.

Data from Dune showed that on December 5, 0x surpassed 1inch in terms of daily volume share with 49% compared to 43.7%. According to 0xTracker, it has processed $3 billion in volume over the last 7 days.

Overall, all these stats indicate that more and more traders are turning to DEX aggregators to seek out the best rates for token swaps.

eBay Accidentally Banned Some User Accounts ?

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On December 3, eBay accidentally suspended a few user accounts. The e-commerce marketplace has acknowledged the issue, saying that users who were accidentally banned have received a notification so they can resolve the problem.

Soon after the issue, several social media users began reporting that they were banned from eBay, despite not intentionally violating any rules on the platform.

A few users also claimed that eBay canceled their bids on products that were already purchased and received, some of which were “Buy It Now” items, which users can buy outright.

In justification of these bans, users stated that they received an email from the company saying that they put “the eBay community at risk.”

However, when some users contacted eBay customer service, their bans were upheld, and no additional details were provided to them.

Although eBay has acknowledged the issue, it’s still not clear as to how many user accounts were accidentally banned.

But we can presume that the mass suspensions could have been caused by some sort of a glitch with eBay’s algorithm.

California is Consuming Half The Oil ?From The Amazon Rainforest

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According to a new report shared with NBC News, California consumes more oil from the Amazon than any other state in the nation.

Findings from the report by the environmental groups Stand.earth and Amazon Watch revealed that on average 1 in every 7 tanks of gas, diesel, or jet fuel pumped in southern California last year came from the Amazon rainforest.

The report further says that among the top 25 largest corporate consumers are companies such as Costco, PepsiCo, and Amazon.

The report claims that half of the oil drilled in the Amazon is then shipped to the state of California, a large portion of which is sent to the nation’s top three refineries, Marathon, Chevron, and Valero, which are all located in the state.

Overall, the U.S. is the biggest consumer of oil taken from beneath the Amazon on the planet. The report says that about 90% of the crude oil extracted from the Amazon comes from Ecuador, and 66% of that oil is exported to the United States.

Crypto Investment Platform Stacked Secures $35 Million ?

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Stacked, a crypto investment platform has raised $35 million in its Series A funding round. The funding was co-led by Bybit and BitDAO partner Mirana Ventures alongside Alameda.

The round also saw participation from Fidelity International Strategic Ventures, DRW Venture Capital, Alumni Ventures, and Jump Capital.

Founded in 2019 by Joel Birch, Stacked is a U.S.-based automated cryptocurrency investment platform enabling everyone to invest in crypto indexes, access trading bots, and automate portfolio management.

The platform has automated over $10 billion worth of transactions for tens of thousands of new investors in 2021.

In addition, the startup has also secured status as a registered investment advisor (RIA) with the US Securities & Exchange Commission (SEC) this year in preparation to widen its product offerings.

The startup makes money by charging a percentage fee on transactions in its two-sided open marketplace, which sells automated trading strategies.

Stacked will use the latest proceeds to double its 40-person employee base in the next six to eight months and invest in user acquisition, growth, and marketing.

Around the Web

Metaverse-Based Virtual Land Dominated NFT Sales Last Week: According to the data from NonFungible.com, there has been more than $300 million in NFT sales over the past week. The data further shows that almost a quarter of the total sales went to digital land in the Metaverse Sandbox.

Kenya-Based Community-Led Marketplace Pariti Raises $2.85 Million: Pariti, a community-led marketplace, has raised $2.85 million in its seed funding round. The round was led by Harlem Capital and also included participation from Better Ventures, Accelerated Ventures, Diverse Angels, AVG Basecamp, and New General Market Partners.


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