Sushiswap on Polygon, ETH Outperforms BTC, and Rising Gas Prices
MAY 10, 2021 • 2 Min Read
Data Digest
- Sushiswap volume and liquidity on Polygon
- Top Sushiswap pools on Polygon
- ETH hits multi-year high against BTC
- Gas prices 3x in just a few hours
Key Takeaways
- Last Friday, it was announced that Sushiswap would deploy its AMM on the Polygon PoS Commit Chain.
- Over $350 million of capital flocked to Sushiswap on Polygon within a day of the announcement.
Key Takeaways
- Polygon is incentivizing six pools (MATIC, WBTC, DAI, USDC, USDT, and AAVE against ETH) with $30 million of rewards in MATIC and SUSHI (50-50). The pools currently yield between 65%-100% annually.
- Naturally, these six pools attracted the most volume and transactions.
Key Takeaways
- ETH/BTC crossed the 0.07 threshold earlier today, marking the first time this price level has been sit since July 2018.
- Last time this level was hit, ETH/BTC was on its way down. But this time ETH looks to be entering a notable uptrend against BTC.
Key Takeaways
- Gas prices are up 10x in the last week, after bottoming out at 35 gwei last week.
- A majority of the increase happened over the last few hours as gas soared from 100 gwei at 7 AM UTC to around 350 by 1 PM UTC. The main catalyst seems to be the trading of SHIB — a memecoin — on Uniswap
Notable Tweets
Alpha Finance announces its newest product — an oracle aggregator
We’re excited to announce the launch of Alpha Oracle Aggregator, with data from two of the largest data oracles providers, @BandProtocol and @chainlink, to ensure security, scalability, and flexibility. ?️
This launch will prepare #Alpha for the upcoming growth stage! ?
— Alpha Finance Lab (@AlphaFinanceLab) May 10, 2021
A rundown of the Rari Capital exploit
1/7
Rari Capital lost a lot of funds as a result of a complex exploit, right?
However, things are far from simple, and we witnessed the first cross-chain exploit, so let’s see how it went? pic.twitter.com/ybqW6lGHTg
— Igor Igamberdiev (@FrankResearcher) May 8, 2021
Deribit introduces the first ever ETH options with a strike price of $50,000
We’ve introduced the 50k strike in the March 2022 expiry!
The highest strike in the history of $ETH?
— Deribit (@DeribitExchange) May 10, 2021
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