Coinbase Puts Gnosis, Metal & Raydium on its Roadmap

U.S. Nasdaq-listed cryptocurrency trading platform Coinbase has updated its roadmap, adding two Ethereum-based altcoins, Gnosis (GNO) and Metal (MTL), and Solana-based blockchain project Raydium (RAY).

Gnosis builds decentralized infrastructure for the Ethereum ecosystem, a protocol designed to be a decentralized prediction market built on the Ethereum (ETH) blockchain.

Upon listing, Gnosis was up 5.43% in the last 24 hours. The live Gnosis price was trading at $143.10 with a 24-hour trading volume of $4,432,452.

Metal (MTL) is an Ethereum-based payment platform. Metal Pay allows users to register a free bank account and buy and sell over 50 cryptocurrencies. Metal’s price was $1.26 with a 24-hour trading volume of $14933541 during the intraday.

The third project goes to Raydium, an Automated Market Maker (AMM) and liquidity provider built on the Solana blockchain for the Serum Decentralized Exchange (DEX).

Raydium has the first-mover advantage as an AMM within Serum and will be an integral part of bringing new and existing projects and protocols into the ecosystem.

Coinbase’s latest move triggered RAY to surge 10% from $0.86 to $0.95.

In order to Increase transparency for new asset listings on Coinbase, Coinbase’s listing roadmap is a set of crypto projects that may be joining the exchange’s list of supported assets.

Image source: Shutterstock


Tagged : / / / / / / /

1inch Network expands to Avalanche and Gnosis Chain

The 1inch Network announced on Wednesday its plans to deploy the 1inch Aggregation Protocol on Avalanche and the 1inch Limit Order Protocol on Gnosis Chain, formerly known as the xDai Chain. In a statement shared with Cointelegraph, the 1inch Network expressed its aim to further expand its capabilities within the decentralized finance, or DeFi, industry.

“1inch’s main goal is to offer users the best deals across the blockchain space,” said Sergej Kunz, 1inch Network co-founder, adding that the expansion to Avalanche and Gnosis Chain “will offer 1inch users more options for cheap and fast transactions.”

Avalanche (AVAX) is a quickly growing cross-chain network whose TVL, according to DeFi Llama,  stood at $10.4 billion at the time of publication. However, the AVAX token has been subject to vulnerability as part of the Multichain hack this week.

According to the statement, a number of protocols will be immediately available via 1inch on Avalanche, including 1inch Limit Order Protocol, Aave, Baguette, Canary Exchange, Pangolin, SushiSwap and Trader Joe.

Related: 1inch Network concludes $175M Series B led by Amber Group

Gnosis Chain (GNO) had a TVL of $21.5 billion at the time of publication, according to DeFi Llama. The largest DEX on Gnosis Chain is Curve v1, and other protocols immediately available on Gnosis include the 1inch Limit Order Protocol, Elk Finance, Honeyswap, Levinswap and SushiSwap.