There might be a solution to the crisis in crypto market
Crypto market has been under some problems for a while now and it looks like the problems will continue to occur more, but there is a silverlining.
One of the world's largest centralized cryptocurrency exchanges has crashed in recent weeks, causing billions of dollars in losses. FTX, founded by Sam Bankman-Fried, and more than 100 affiliated companies in the crypto ecosystem have filed for bankruptcy protection, deeply shaking the trust in the crypto ecosystem.
There might be a solution to the crisis in crypto market
While the technological developments that rapidly shape today's world and the future have turned into a power that it will not be possible to stay behind, it has caused an intensity that requires taking a position non-stop with the successive technological developments and news in the crypto world. After the developments, Bitcoin saw its lowest level in the last two years, while a significant increase in interest in decentralized exchanges was observed. According to Token Terminal data, daily trading volume on decentralized permanent exchanges reached $5 billion, the highest daily trading volume since the Terra crisis in May 2022.
The decentralized Parex ecosystem, which believes that the autonomous structures blockchain is the core value promise, announced that it will launch its own blockchain, Parex Chain, at the end of December. With this development, all mining activities of Parex's cryptocurrency Parex Coin will also be carried out on the Parex Chain. Thus, it is stated that with the use of decentralized blockchain technology, an alternative that has the potential to overcome the crises experienced in the central stock markets can be signed.
Cryptocurrencies have fallen againMoney
