Tuesday, August 17, 2021 9:29:42 AM
"The SOL/USD exchange rate rose by 26.12% to $65.467 on the Binance exchange after traders assessed a flurry of infrastructural developments in the Solana ecosystem, including a recent $70-million crowdfund to support its blockchain-powered decentralized exchange, Mango Markets.
Solana ecosystem upgrades
Mango offers a platform for spot markets, lending and perpetual futures. It sources liquidity from its native pools and Serum, another Solana blockchain-based exchange, which is backed by billionaire Sam Bankman-Fried’s FTX.
The working model is very similar to other successful, Ethereum-based decentralized exchanges such as Uniswap and SushiSwap.
https://cointelegraph.com/news/solana-price-soars-to-new-highs-with-defi-project-launch-70m-dex-funding
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