Uniswap founder: The trading activity on CEX of Solana is essentially competing with DEX, and its business model is similar to a cross-chain bridge.

UNI0,44%
SOL0,2%

Golden Finance reports that Hayden Adams, founder of Uniswap, posted on X platform stating the following late views on the Base / Solana cross-chain bridge controversy: Does listing centralized exchanges (CEX) on the Solana ecosystem assets constitute an attempt to siphon liquidity, a “vampiric attack” competing with it? The related trading activities of centralized exchanges (CEX) actually compete with decentralized exchanges (DEX) on the Solana chain — such trades only generate on-chain deposit and withdrawal records, which are identical to the business model of cross-chain bridges.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Platform X has removed "Financial Products, Cryptocurrency" from the "Paid Partnership Policy" banned industry categories.

PANews March 2 News, X platform has removed "financial products, cryptocurrencies" from the banned industry categories in the "Paid Collaboration Policy." Nikita Bier, head of X product and Solana advisor, stated that this was a mistake and has been fixed. He also mentioned that he loves prediction markets. This means that cryptocurrency-related advertisements on X will be required to enable the "Paid Collaboration" disclosure label. Earlier yesterday, the X platform updated its paid collaboration policy: cryptocurrencies, investment services, and others no longer meet the promotion criteria.

GateNews1h ago

Crypto Treasury Stocks Slide Signals Solana Market Stress

Solana-linked crypto treasury stocks are plummeting, indicating sector-wide issues. Operating firms might benefit by acquiring struggling companies at low valuations, as investors pull back from high-risk stocks. This trend underscores vulnerability in companies reliant solely on crypto assets without cash flow.

CryptoFrontNews2h ago

Crypto Whale Incurs Partial Liquidation Following High-Leverage $SOL and $BTC Bets

A crypto trader "0xdf1…6f0b0" faced partial liquidation after using high leverage on $BTC and $SOL. With 40x and 20x leverage, they saw mixed outcomes: a profit of $438K from $SOL and a loss of $396K from $BTC, highlighting the risks of leveraged trading.

BlockChainReporter2h ago

SoFi Now Supports Solana Network Deposits for Users

SoFi, a federally chartered bank, now enables its 13.7 million customers to buy, sell, and deposit Solana (SOL) directly into their accounts, merging traditional banking with regulated blockchain access in a unique offering within the U.S.

CryptoFrontNews5h ago

PengoPay Launches Multi-Chain Stablecoin Payment Platform for Ethereum and Solana

_PengoPay launches a multi-chain stablecoin payment platform supporting Ethereum and Solana, offering secure crypto payments, invoices, and global settlements._ The global crypto payments sector is expanding as new infrastructure platforms enter the market. Recently, a new stablecoin payment

LiveBTCNews8h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)