Tag: crypto trading

Relative-Value Strategies Beat Directional Bets as Crypto Volatility Bites

Crypto funds shifted to market-neutral trades as volatility punished directional bets and triggered a fourth straight month of losses.

Crypto funds opened 2026 with losses and defensive positioning, according to a February 18 survey by Presto Research and Otos Data.

The report shows investors shifting toward relative-value and market-neutral trades as macro uncertainty and price swings weigh on directional bets.

Market-Neutral Funds Outperform as Directional Strategies Sink

According to Presto’s survey, all liquid crypto hedge funds dipped by an average of 1.49% last month. The losses extended a difficult stretch for active managers, marking the fourth consecutive month of negative equally weighted performance across both fundamental and quantitative categories, a sequence not seen since late 2018 and early 2019.

The dispersion within the numbers tells a clearer story, with fundamental funds dropping 3.01% in January, while quantitative funds fell 3.51%. On the other hand, Presto revealed that market-neutral funds, which aim to profit from price differences rather than market direction, gained about 1.6%. Over six months, those same neutral strategies are up nearly 5% while fundamental funds are down more than 24%.

During that same period, Bitcoin (BTC) has fallen approximately 31%, Ethereum (ETH) 23%, and Solana (SOL) 47%.

Analysis by other market watchers supports the fragile tone, with data from Alphractal showing that Bitcoin was trading in a stress zone where weaker holders tend to sell while long-term investors accumulate. The firm’s founder, Joao Wedson, said long-term holder profit levels are still positive, a sign the market may not yet be at a final turning point.

Positioning Data Points to Defensive Posture, Not Panic

The Presto survey’s flow analysis shows a clear behavioral arc through January. The month opened with constructive positioning and call buying, but as rallies failed, traders rotated into tactical fade structures. By the third week, downside hedging became dominant, as ETF flows fluctuated, with periods of inflow offset by miner distribution and whale selling. Meanwhile, corporate accumulation remained present but insufficient to offset broader risk reduction.

You may also like:

Importantly, the report noted that positioning into the month-end was not outright capitulative. The analysts stated that while protection was in place, the leverage looked more orderly compared to the chaotic reset event in October 2025.

The absence of broad panic suggests that stress is building in pockets rather than being expressed as systemic liquidation. This distinction matters as the market assesses whether January represents continuation or exhaustion.

The researchers advised that until policy clarity improves or a structural crypto-specific catalyst emerges, rallies are likely to fade, volatility will stay reactive to headline risk, and adaptability rather than conviction will determine survival in the first quarter of 2026.

Whether January marked a continuation of the bear trend or the exhaustion phase of selling pressure remains an open question. However, at present, the data indicate that strategies that prioritize relative value over directional conviction are successfully navigating the current challenges.

SPECIAL OFFER (Exclusive)
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Wayne Jones

Source link

February 18, 2026
Crypto’s Biggest Wipeout Sends Traders Flocking to Spot Markets

Bitcoin’s October spot trading hit $300B, the year’s second-highest, as traders fled leverage after $19B in losses.

Bitcoin’s spot trading volume in October was over $300 billion, making it the second-highest monthly total of the year, pushed by traders getting out of leveraged positions after the record-breaking liquidation on October 10.

CryptoQuant analyst Darkfost says the switch from high-risk derivatives to spot trading shows that speculation is cooling off and people are focusing on long-term accumulation again.

A Costly Lesson in Leverage

According to the market technician, Binance had the most BTC spot trades this month, with $174 billion, in a show of the exchange’s continued dominance. They also pointed out that the increased activity on the spot side was coming from both retail traders and institutional players.

The retreat follows the biggest single-day liquidation in crypto history on October 10, when more than $19 billion in leveraged positions were lost. During the crash, Bitcoin dropped from $122,000 to as low as $101,000 (on some exchanges), dragging altcoins into double-digit losses and forcing more than 1.6 million traders to sell.

It started when U.S. President Donald Trump threatened new tariffs on China, which made geopolitical tensions rise and caused mass liquidations on derivatives exchanges. Data from CoinGlass showed that long traders lost the most money, almost $17 billion. One trader is said to have lost $19 million on Hyperliquid, while a few whales made money by shorting the market just before it crashed.

The market has been trying to stabilize since then. Bitcoin is now worth $110,800, about 2% less than it was 24 hours ago but 1.2% more than its value from seven days ago. This week, the price of the asset has been tight, moving between $108,000 and $116,000, potentially meaning that things are getting calmer after a month of turmoil.

Navigating a New Market Reality

Despite the spot trading revival, analysts are warning that the current bounce may be fragile. As reported by on-chain firm Santiment, retail traders are showing heightened optimism, with many rushing to “buy the dip.” It cautioned that such behavior often comes before more declines, as true accumulation usually occurs when sentiment turns pessimistic.

You may also like:

Furthermore, market experts like Ali Martinez have also flagged caution signals. He pointed out that the TD Sequential indicator has flashed another potential sell warning, with concerns persisting over tight global liquidity despite the Federal Reserve’s recent 25-basis-point rate cut. That policy move, rather than lifting markets, caused another $700 million in liquidations.

Even so, October’s historic shift toward spot trading paints a different picture, one where traders, scarred by leverage-induced losses, are opting for direct Bitcoin ownership and more stable participation. If this trend holds, Darkfost says it could mark the start of a healthier market foundation, where genuine demand rather than excessive leverage shapes crypto’s next phase.

“A market driven more by spot trading rather than derivatives is generally healthier, more stable, as it less vulnerable to extreme volatility driven by excessive open interest expansion,” wrote the analyst. “It also reflects stronger organic demand and greater overall market resilience.”

SPECIAL OFFER (Exclusive)
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Wayne Jones

Source link

October 30, 2025
Whale Wars: Bulls and Bears Battle for Control on Hyperliquid

Lookonchain data shows whales rapidly reshuffling trades amid heightened volatility across BTC, ETH, and SOL.

This week, the crypto market saw more selling pressure as Bitcoin (BTC) fell below $115,000, causing a tug-of-war between bullish and bearish traders on Hyperliquid.

Lookonchain’s new whale data shows that top traders are changing their positions in what looks like one of the most intense battles between bulls and bears this month.

Whales Shuffle Positions as Market Turns Choppy

According to the on-chain tracker, a group of well-known investors on Hyperliquid have been actively reshuffling their positions during the downturn. On one side, some traders who have done well in the past are keeping big, positive positions, while others are getting ready for the market to drop even more.

Lookonchain revealed that 0xc2a3, known for having a perfect win rate, closed 2,186 BTC longs worth about $256 million. Even though the anonymous speculator had a lot of exposure, they only made $1.4 million in profit. Additionally, after weeks of making aggressive long trades, they also cut back on their positions in Ethereum (ETH) and Solana (SOL).

Meanwhile, Machi Big Brother, who was up $44.8 million in realized gains, is now down $12.5 million after doubling down on new ETH and HYPE longs. Another whale, 0xf625, who made $8.3 million during the market crash on October 11, has started shorting ETH again, adding new 10x positions in two wallets in the last 24 hours.

Market participant 0xddc7, who has an 80% win rate, is said to be losing more than $3.3 million on paper on his short position. However, influencer and public trader James Wynn may be the most cautionary tale. Lookonchain says that almost every recent position he has had has ended in liquidation, including a 40x short on Bitcoin. The analytics platform teased followers on X to “always take the opposite side of James’s trades,” reflecting how increasingly skeptical the community is becoming of his strategies.

This flurry of repositioning comes after Bitcoin did well, rising past $115,000 following news of a possible trade breakthrough between the U.S. and China lifted risk sentiment. That jump wiped out more than $370 million in short positions and brought the total market cap of all cryptocurrencies back above $4 trillion.

You may also like:

Analysts See a Market Reset Rather Than a Breakdown

Despite the latest retreat, several analysts remain optimistic about the market’s medium-term outlook. Crypto analyst Michaël van de Poppe previously suggested that the altcoin sector has been in a downtrend for nearly four years, which he described as its longest-ever difficult period. But he and other experts say that technical indicators show this phase may be coming to an end, meaning a big price recovery may be on the way.

Lookonchain’s whale data backs up this mixed narrative, with some big holders locking in profits or taking defensive short positions, and others, like 0xc2a3, building long orders near key support levels, which suggests that they may be banking on the pullback not lasting for too long.

SPECIAL OFFER (Exclusive)
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Wayne Jones

Source link

October 29, 2025
Investing in Ripple? – Key Factors to Consider Before Buying XRP Tokens – Southwest Journal
Ripple and its cryptocurrency, XRP, have been hot topics in the financial world. While the recent crypto rally has seen significant gains for giants like Bitcoin and Ethereum, XRP has taken a more modest path.

Knowing the dynamics of Ripple and deciding whether to invest in XRP tokens requires a thoughtful approach. Here’s what you need to know.

Key Highlights
- XRP’s growth has been modest compared to Bitcoin and Ethereum, with unique factors like its legal battle with the SEC influencing its market position.
- Ripple’s ODL system showcases XRP’s utility in facilitating fast, low-cost international transactions, distinguishing it from other cryptocurrencies.
- Investors should consider Ripple’s legal situation, its business model, and the broader market before investing in XRP tokens.
- Despite the challenges, XRP presents a potential investment opportunity for those with patience and a long-term perspective, given its role in the future of finance.
What is XRP and How is it Different?

XRP, often associated with Ripple, is a digital currency designed for fast and inexpensive cross-border transactions. Unlike Bitcoin and Ethereum, which have seen their values skyrocket, XRP’s growth has been more subdued, with just a 12% increase recently, compared to Bitcoin’s 57% and Ethereum’s 52%.

Currently, XRP hovers just below $0.60 per coin, aligning with its average price over the last six to twelve months. For up-to-date insights and developments on Ripple and its XRP tokens, Coinspeaker offers a wealth of information that can help investors stay informed.

Why Hasn’t XRP Joined the Crypto Rally?

Several factors contribute to XRP’s unique position in the crypto market:
- Ripple’s On-Demand Liquidity (ODL): Ripple’s ODL solution revolutionizes how financial institutions handle transactions, offering near-instant access to funds at low costs. This system positions XRP as a bridge currency, enhancing its utility in real-world applications.
- Independent Blockchain: XRP operates on a distinct blockchain ledger, employing a Nominated Proof of Stake mechanism. This independence means XRP’s value isn’t directly tied to the fluctuations of Bitcoin or Ethereum.
- Legal Challenges: Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) over selling XRP as an unregistered security has cast a shadow over its value and utility.
Key Factors to Consider Before Investing

Before diving into XRP, investors should weigh several critical considerations:

Ripple’s Legal Situation

Ripple Labs faces significant legal hurdles with the SEC, impacting XRP’s potential growth and Ripple’s forthcoming IPO. These legal issues are pivotal, as they influence Ripple’s ability to operate and expand. Investors should stay informed about the legal proceedings and their implications for Ripple and XRP.

Ripple’s Business and Growth Potential

Understanding Ripple Labs’ business model, the utility of XRP, and the company’s growth prospects is essential. Ripple’s technology aims to transform global transactions, but its success depends on adoption rates among financial institutions and the resolution of its legal challenges.

Investment Alternatives

Given Ripple Labs is not publicly traded, those looking to invest in the blockchain space might consider alternatives like Coinbase, Block, or PayPal. These options offer exposure to the broader crypto market without direct investment in XRP.

Is XRP a Good Investment?

The debate around XRP’s viability as an investment often centers on its potential as a store of value versus its utility in payments. Despite its modest price growth compared to other cryptocurrencies, XRP’s high transaction volumes and role in facilitating cross-border payments present a compelling case for its inclusion in a diversified investment portfolio.

However, potential investors should approach with caution, given the uncertain outcome of Ripple’s legal issues and the absence of immediate price surges.

Ripple’s IPO and Future Prospects

Ripple’s anticipated IPO has been delayed by its SEC lawsuit. The outcome of this legal battle will significantly influence Ripple’s ability to go public and attract investment. Prospective investors should closely monitor these developments, as they will affect Ripple’s financial transparency and growth trajectory.

Ripple’s Financial Health

Unfortunately, due to Ripple Labs’ private status, its financials are not publicly disclosed. This opacity makes it challenging for potential investors to gauge the company’s health and prospects accurately.

However, once Ripple addresses its legal challenges and moves closer to an IPO, its financial statements will become a crucial resource for investors. Monitoring Ripple’s progress toward resolving its SEC lawsuit and achieving public company status will be key for those considering an investment.

Market Sentiment and Ripple’s XRP

The cryptocurrency market is influenced heavily by investor sentiment, which can be particularly volatile. XRP’s price fluctuations around the New Year, with transaction volumes spiking to over 5 million daily, illustrate the market’s responsiveness to developments within Ripple and the broader crypto ecosystem.

Keeping a pulse on market sentiment and regulatory news can provide investors with timely insights into potential price movements.

Ripple’s Role in the Future of Finance

Ripple’s vision of streamlining global finance through blockchain technology sets it apart. Its ODL system, by enabling instant, low-cost international money transfers, proposes a future where financial institutions can operate more efficiently and inclusively.

The adoption of Ripple’s technology by major banks and financial services could significantly impact XRP’s value and Ripple’s market position.

Should You Buy XRP Tokens Now?

Deciding to invest in XRP requires a balance of patience, risk tolerance, and timing. The current price, just below $0.60, may seem attractive compared to its historical performance and the potential for future growth.

Yet, the ongoing SEC legal battle introduces a level of uncertainty that cannot be ignored. Investors with a long-term outlook and a willingness to weather regulatory storms may find Ripple’s XRP a compelling addition to their portfolios.

Alternatives to Direct Investment in Ripple

For those cautious about direct investment in XRP due to Ripple’s unresolved legal issues or the lack of financial transparency, there are indirect ways to engage with the crypto market:
- Invest in Crypto-Focused Companies: Companies like Coinbase offer a gateway to the crypto world, providing a platform for trading a wide range of digital currencies, including XRP.
- Blockchain Technology Stocks: Companies leveraging blockchain technology in sectors beyond finance offer diversified exposure to the innovation driving the crypto market.
- Crypto ETFs and Funds: While there are no ETFs directly tied to Ripple, several funds invest in a range of cryptocurrencies and blockchain technologies, offering a more balanced investment approach.
FAQs

Can XRP transactions be reversed?

No, XRP transactions are irreversible once they’ve been added to the blockchain ledger, similar to other cryptocurrencies.

Does Ripple control the XRP ledger?

Ripple plays a significant role in the development of the XRP Ledger, but the ledger operates on a decentralized network of independent validators.

Are there any countries where buying XRP is restricted?

Yes, regulatory stances on XRP vary by country. It’s essential to check local regulations before investing in XRP or any cryptocurrency.

How does XRP’s transaction speed compare to traditional banking systems?

XRP transactions are significantly faster, settling in 4 to 5 seconds, compared to days for some traditional banking systems.

Can I mine XRP like Bitcoin or Ethereum?

No, XRP cannot be mined. All XRP tokens were pre-mined at launch, with a portion released into the market by Ripple over time.

Is it possible to earn interest on XRP holdings?

Yes, some crypto platforms offer interest on XRP holdings through staking or lending programs, though availability and rates vary.

Final Words

Investing in XRP tokens offers a unique opportunity within the cryptocurrency market, distinguished by Ripple’s innovative payment solutions and the ongoing legal drama with the SEC.

While XRP hasn’t mirrored the explosive growth of Bitcoin or Ethereum, its role in facilitating efficient, low-cost international transactions positions it as a noteworthy option for patient investors.

As with any investment, careful consideration of the legal landscape, Ripple’s business model, and market alternatives is essential before committing.
Oskar Zamora

Source link
March 1, 2024
How To Buy, Sell, And Trade Crypto Tokens On The Tron Network

The Tron network is a decentralized blockchain platform that aspires to create an expansive and interconnected global digital content ecosystem. At its core, Tron leverages its native cryptocurrency, TRX, to facilitate seamless transactions and interactions within the network.

An outstanding advantage of the Tron (TRX) network lies in its exceptional scalability and impressive transaction processing capacity. This remarkable feature enables Tron to process a substantial number of transactions swiftly, ensuring the smooth execution of smart contracts and decentralized applications (DApps). The network’s scalability is of utmost importance as it plays a vital role in supporting the expansion of its ecosystem and meeting the growing needs of both users and developers.

Tron (TRX) empowers developers to create and launch decentralized applications (DApps) through the integration of smart contracts into its framework. These versatile DApps span across diverse sectors, including finance, gaming, social media, and more. Tron equips developers with essential tools, resources, and support, enabling them to craft cutting-edge and fully operational applications. This fosters a dynamic developer community, driving ongoing expansion and diversification within the Tron ecosystem.

Tron’s emphasis on digital content is a distinguishing feature of the network. It aims to revolutionize the entertainment industry by directly connecting content creators and consumers without the need for intermediaries. The platform empowers creators by enabling them to distribute their content and monetize it through direct interactions with their audience.

The network (TRON) relies on a delegated proof-of-stake consensus mechanism for its security. Validators in the network are rotated every six hours, chosen by users who stake their TRX tokens.

To combat software bugs, Tron involves its community through the Bug Bounty Program. Users can contribute to development and earn rewards by reporting bugs and vulnerabilities. The Tron Foundation generously provides TRX rewards as an incentive, fostering a collaborative environment for network security.

This article delves into the fundamental features of the TRON network and explores its significant potential within the TRON ecosystem while also providing guides on how to buy, sell and trade on the network.

Features Of The TRON Network

Delegated Proof-of-Stake (DPoS) Consensus: The DPoS is a consensus mechanism utilized by the TRON network to enable its users to vote for representatives responsible for validating transactions and securing the network. This system guarantees swift transaction confirmation and streamlined network operations, enabling scalability and suitability for high-demand applications.

Smart Contracts and DApps: TRON offers a platform for the creation and implementation of smart contracts, which are self-executing agreements governed by predetermined rules. These smart contracts serve as the foundation for developing decentralized applications (DApps) that automate processes, enhance peer-to-peer interactions, and introduce trailblazing functionalities in sectors including finance, gaming, social media, and more.

Developer-Friendly Environment: TRON fosters a developer-friendly ecosystem by equipping developers with essential tools, resources, and support to build innovative and functional DApps. It offers user-friendly programming languages, software development kits (SDKs), and comprehensive documentation to optimize the development process. This commitment to developers encourages a vibrant community, promotes collaboration, and fuels ongoing growth and diversification within the TRON ecosystem.

Scalability and Throughput: One of the main purposes of the TRON network is that it is purposefully built to efficiently process a substantial number of transactions with exceptional throughput. Its infrastructure facilitates swift transaction execution, ensuring seamless operations for smart contracts and decentralized applications (DApps). This scalability plays a vital role in meeting the increasing adoption and requirements of users and developers.

Global Accessibility: TRON’s decentralized architecture guarantees worldwide accessibility, enabling individuals from across the globe to engage with the network. The platform’s infrastructure is intentionally designed to be accessible to anyone with an internet connection, promoting inclusivity and fostering a digital ecosystem without any geographical boundaries.

Direct Creator-Consumer Interaction: TRON enables content creators to engage directly with their audience without intermediaries. This direct connection fosters a more intimate and transparent relationship, allowing creators to better understand their audience’s preferences and tailor their content accordingly.

Ownership Rights: TRON acknowledges the significance of content ownership for creators and leverages the immutability and transparency of blockchain technology to safeguard their intellectual property rights. By doing so, TRON empowers creators to retain control over their content and ensures they are duly compensated for its utilization.

Monetization Opportunities: TRON empowers content creators by enabling them to directly monetize their content. By leveraging smart contracts and digital tokens, creators can receive payments directly from their audience, bypassing the need for third-party payment processors. This direct monetization approach allows creators to retain a greater share of their earnings and exert more control over their revenue streams.

How To Get Started On The Tron Network

To buy and sell tokens on the TRON network, you will first need to get a TRON-compatible wallet like Tronlink. In this article, we will give examples using Tronlink. It is a popular TRON wallet extension and is readily accessible on leading browsers such as Google Chrome.

Related Reading: How To Buy, Sell, And Trade Tokens On The Optimism Network

With TronLink, users can effortlessly create and oversee TRON wallets, securely store TRX, as well as other TRC-10/TRC-20 tokens, and seamlessly engage with TRON DApps, all within the convenience of their browser interface.

To add your TronLink Wallet as a browser extension, simply click on the “Add to Chrome” icon located in the top right corner, as demonstrated below. This step will ensure that your TronLink Wallet becomes seamlessly accessible within your browser.

Once installed and set up, Open the TronLink extension in your browser. You will be prompted to either create a new wallet or import an existing one. If you’re new to TronLink, select the option to create a new wallet and follow the instructions to set up a password.

It is imperative to back up your wallet to ensure you can recover your funds in case of any unforeseen circumstances. TronLink will provide you with a unique set of recovery phrases during the wallet creation process. Write down and securely store these phrases in a safe place. (Do not store it on your device).

Trading On The TRON Network

The Tron network is capable of supporting various decentralized applications. Tron is often used to transact, as TRX transactions come with very low fees.

In order to engage in trading activities on the TRON network, it is essential to have TRX tokens in your wallet. TRX serves as the native cryptocurrency of the TRON network and is indispensable for executing trades, interacting with decentralized exchanges, and participating in decentralized finance (DeFi) protocols.

Hence, prior to initiating any trading or transactions on the TRON network, it is crucial to ensure that your wallet is adequately supplied with TRX tokens.

The next step is to fund your wallet. You can add TRX or other TRC-10/TRC-20 tokens to your TronLink wallet. Click on the “Receive” button in your Tronlink wallet to generate a wallet address; tokens will be available in your wallet almost immediately.

You can obtain TRX using popular cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) from cryptocurrency exchanges like Binance and transfer it to your TronLink wallet address.

Note that users can also access various DEXs interfaces like SunSwap through their Tronlink wallet by clicking on the “More” button in the same row as the “Receive” button.

How To Buy and Sell Tokens Using SunSwap

SunSwap is a decentralized trading protocol built on the TRON network, with the objective of facilitating automated liquidity provision and establishing an inclusive financial market accessible to all users. By utilizing the decentralized nature of blockchain, SunSwap enables users to participate in liquidity provision by depositing their TRON-based tokens into liquidity pools.

To protect your wallet from malicious activity, ensure that you are on the correct SunSwap website. To get started, visit the correct SunSwap website and click on the “Connect Wallet” option at the top left corner, as in the image below:

Then, select your preferred wallet (In this case, Tronlink):

Once connected, Users can commence trading activities as SunSwap is automatically linked to the TRON networks because it is a TRON-based DEX.

After accessing the SunSwap interface, the next step is to select the tokens you want to trade. SunSwap operates on a system where you can exchange your TRON-based tokens directly with other tokens.

Click on the “Select token” button to select the trading pair you want to trade against.

For example, if you want to buy USDT using TRX, select TRX – USDT, enter the amount, then click on “swap” or “trade now” and then you can go to your Tronlink wallet to confirm the transaction.

Tracking Token Prices on The TRON Network

Avedex is a powerful on-chain tool for TRON network users, offering comprehensive market insights for specific tokens. It provides valuable information such as price data, contract details, and advanced analytics tools. Traders can analyze price trends, liquidity, and token fundamentals to make informed trading decisions.

Additionally, Avedex allows for token comparison, user reviews, and rating systems, enhancing the decision-making process. With integration to TRON wallets and notification features, Avedex streamlines the trading experience, enabling users to stay updated and act promptly.

Related Reading: Celestia Network: How To Stake TIA And Position For 5-Figure Airdrops

Overall, Avedex empowers TRON traders with reliable information and tools to navigate the market effectively and make well-informed trading choices.

Conclusion

In conclusion, the TRON (TRX) network offers a decentralized blockchain platform that prioritizes the creation of a global digital content ecosystem. With its scalable infrastructure and high transaction processing capacity, TRON enables the swift execution of smart contracts and decentralized applications (DApps) across various sectors. The network’s developer-friendly environment provides essential resources and support for developers to build innovative DApps, fostering a vibrant community within the TRON ecosystem.

To engage with the TRON network, users need a TRON-compatible wallet like TronLink. They can obtain TRX tokens from various popular exchanges, transfer them to their TronLink wallet, and then trade on platforms like SunSwap for decentralized trading.

Overall, the TRON network offers a robust ecosystem for buying, selling, and trading tokens, while its focus on digital content and developer support makes it an attractive platform for creators and users alike.

Featured image from X.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Scott Matherson

Source link

January 28, 2024
How To Buy, Sell, And Trade Tokens on The Polygon Network

Polygon (formerly Matic Network) is a game-changing Layer 2 scaling solution that addresses Ethereum’s scalability challenges. It empowers developers to create and deploy scalable, interoperable decentralized applications (dApps) by utilizing sidechains, plasma chains, and innovative scaling techniques.

If you’re unfamiliar, sidechains are unique blockchains that are bound to the main Ethereum blockchain and are effective in supporting many Decentralized Finance (DeFi) protocols available on the Ethereum network. This enables rapid transaction speed and cost-effectiveness while maintaining the security and decentralization of the Ethereum network.

As a Layer 2 solution, Polygon operates in parallel to the Ethereum blockchain. Rather than individually validating each transaction, batches of transactions are sent to the Ethereum blockchain, significantly accelerating the validation process and reducing fees.

Polygon implements a proof-of-stake consensus mechanism wherein users can stake tokens for a predetermined duration to validate transactions. In return for their staking activities, participants are rewarded with MATIC tokens.

To ensure robust security, Polygon implements the advanced technique of “commit-chain” or “checkpointing.” It securely anchors the state of Polygon chains onto the Ethereum mainnet at regular intervals, enhancing data integrity and leveraging Ethereum’s inherent security. By capitalizing on Ethereum’s proven security measures, Polygon provides users with a reliable and resilient platform for their transactions and dApps.

The Polygon Network offers a comprehensive set of features that address scalability, security, and developer-friendliness. In this article, we will delve into the key attributes of the Polygon network and assess its substantial potential within the Ethereum ecosystem.

Features Of The Polygon Network

Cross-Chain Connectivity

Polygon network offers bridges that enable smooth transfers of assets and data across diverse blockchains. This fosters interoperability between chains, empowering users to leverage the advantages of multiple blockchain networks and access a broader array of decentralized finance (DeFi) protocols and applications.

Polygon presents a Layer 2 scaling solution for Ethereum by leveraging sidechains to address scalability challenges. This solution facilitates quicker and more economical transactions, alleviating congestion and mitigating high fees on the Ethereum network

Ethereum Compatibility

Polygon seamlessly integrates with the Ethereum Virtual Machine (EVM), enabling developers to effortlessly migrate their existing Ethereum decentralized applications (dApps) to the Polygon network. This compatibility guarantees a seamless transition and adoption of Polygon while leveraging the extensive Ethereum ecosystem and developer tools.

Commit-Chain Checkpointing

Polygon employs commit-chain checkpointing, securing the state of its chains by anchoring them onto the Ethereum mainnet. This approach guarantees the integrity of data, harnesses Ethereum’s robust security measures, and safeguards against any unauthorized alterations or tampering of the sidechain data.

Ethereum Network Security

Leveraging Ethereum as its anchor chain, Polygon leverages the inherent security and decentralization of the Ethereum network. This integration fortifies the overall security of the Polygon ecosystem, ensuring users have access to a reliable and resilient platform for transactions and decentralized applications (dApps).

Developer-Centric Environment

Polygon provides an array of developer tools and infrastructure that empower developers to create and deploy decentralized applications (dApps) seamlessly. The Polygon Software Development Kit (SDK) offers a streamlined framework for building scalable applications on the network, simplifying the development process.

Polygon also prioritizes the needs of developers by offering extensive documentation, guides, and resources. This ensures that developers have access to the necessary information and support to comprehend and harness the platform effectively. The availability of comprehensive resources fosters a vibrant developer community, encouraging collaboration and driving innovation on the network.

MATIC Token Utility And Exchange Availability

Polygon’s rebranding decision resulted in the retention of MATIC as its token ticker symbol. MATIC, an ERC-20 token, ensures compatibility with numerous Ethereum projects. Within the Polygon network, users rely on MATIC to secure and govern the network and cover transaction fees.

The MATIC token serves multiple purposes within Polygon’s ecosystem. Users can utilize MATIC for fee payments during transactions on the Polygon platform. MATIC can also be staked to contribute to the network’s security and earn rewards.

Furthermore, MATIC holders have the ability to engage in governance activities by voting on proposed modifications, influencing the evolution of the network.

In terms of exchange availability, MATIC can be traded on various platforms, including prominent exchanges like UniSwap. This wide accessibility on exchanges enhances liquidity and provides individuals with convenient access to acquire or trade MATIC tokens.

How To Get Started On The Polygon (MATIC) Network

To engage in token transactions on the Polygon network, users must acquire a MetaMask wallet. MetaMask, a widely used browser extension wallet, provides a seamless interface for interacting with blockchain networks, including Ethereum. This user-friendly wallet is accessible as a browser extension for popular browsers like Google Chrome.

To ensure your MetaMask Wallet is added to your browser as an extension, click on the ‘Add to Chrome’ icon located at the top right corner, as depicted below:

After installation and setup, MetaMask enables users to effectively manage their cryptocurrency wallets, seamlessly interact with decentralized applications (DApps), and securely execute transactions on supported blockchain networks, all directly from within their web browsers.

Remember to diligently write down your seed phrase on a physical sheet of paper and store it in a secure location. Avoid storing it online or on any electronic device to ensure maximum security.

For the next step, add the Polygon (MATIC) network to your Metamask wallet by following the instructions provided on the Metamask website here.

Trading On The Polygon (MATIC) Network

In order to execute trades on the Polygon (MATIC) network, you will need to fund your wallet with MATIC so as to enable you to cover gas fees. These fees cover the expense associated with utilizing computational resources related to transaction processing and validation.

To purchase MATIC tokens, you can utilize centralized exchanges like Binance. Simply copy your wallet address from MetaMask and proceed to transfer MATIC tokens from your Binance account to your MetaMask wallet.

In addition, it is possible to acquire MATIC directly within the MetaMask wallet by utilizing conventional payment methods such as credit or debit cards and other similar options.

Simply click on the “Buy/Sell” button within the MetaMask interface to access the designated section. Within this interface, you can specify the desired amount of MATIC (or any other token) you wish to purchase in terms of US dollars. Additionally, you can select your preferred payment method before finalizing the transaction by clicking on the “Buy” button.

It’s imperative for users to be aware that when purchasing cryptocurrencies directly within MetaMask, you will be required to provide information such as your country and state. However, rest assured that this process is simple and can be completed within a minute.

You can expect your MATIC tokens to arrive in your wallet within a few minutes at most. Once they have arrived, you are ready to start trading tokens on the Polygon network. To begin your trading journey, navigate to UniSwap and commence your trading activities.

How To Trade Tokens On The Polygon Network Using UniSwap

Uniswap is an Ethereum blockchain-based decentralized exchange (DEX) protocol that enables users to trade Ethereum-based tokens from their wallets directly, eliminating the necessity for intermediaries or conventional order books. Uniswap provides users with a hassle-free method to purchase and sell various tokens.

To safeguard your wallet against fraudulent activity, ensure that you are accessing the legitimate Uniswap website.

Begin by clicking on the “Launch App” button located in the top right corner, as depicted in the image below:

Next, proceed by selecting the “connect” option located at the top right corner of the UniSwap interface, as depicted in the provided image below:

Establish a connection with your preferred wallet, as shown in the image below. In this instance, the suggested wallet is Metamask:

After establishing the connection, adjust your Metamask settings to the Polygon (MATIC) network. (If you are already connected to the Polygon network, there is no need to make any network switches).

Once you have successfully connected MetaMask to the Polygon network, navigate to UniSwap to begin trading on the Polygon network through the platform.

Moving forward, you need to choose your desired tokens within the UniSwap interface. As Uniswap operates on a token-to-token trading model, click on the “Select Token” button to designate the specific trading pair you wish to trade against.

To illustrate, if you intend to purchase USDT using MATIC, simply choose the MATIC – USDT trading pair, specify the desired amount, and click on “Swap” or “Trade Now.” Confirm the transaction in your Metamask wallet, and you will be able to view the tokens in your wallet’s asset list.

Buying And Selling Tokens With Metamask

Metamask extension wallet, connected to the Polygon network, allows users to buy and sell tokens seamlessly. To proceed, ensure that you are connected to the Polygon network and possess MATIC tokens for swapping and covering gas fees.

Then, locate the “Swap” button, as illustrated below. Clicking on it will direct you to the Swap interface within the Metamask wallet.

Using the image above as a guide, users can search for tokens by name or contract address, just like on UniSwap. Enter the amount of MATIC you want to swap, make sure you have the correct token, and click on “Swap”. Once the transaction is confirmed, the tokens you bought will be sent to your wallet.

Tracking Token Prices on The Polygon Network

Polygon network users can equip themselves with potential on-chain tools like Dexscreener, which opens up a world of new opportunities for traders. Dexscreener provides users with extensive market insights for specific tokens, ranging from real-time price data to in-depth contract information. It also helps users make well-informed trading decisions based on reliable and up-to-date data.

Stay ahead of the curve on the Polygon network with Dexscreener, keeping track of token metrics and market dynamics.

Dexscreener on the Polygon network offers invaluable features tailored to users. One standout feature is its charting functionality, which provides real-time and historical price data for various tokens.

By utilizing these charts, users can gain valuable insights into price trends, trading volumes, and other important metrics.

Check below for a visual representation:

Conclusion

The Polygon network provides a robust and user-friendly environment for traders to thrive. With its innovative features, growing ecosystem, and commitment to scalability, Polygon is poised to play a pivotal role in shaping the future of decentralized finance.

As Polygon continues to experience growth and wider adoption, we anticipate a broader selection of applications and services tailored to meet the diverse requirements of traders. The network’s dedication to scalability, interoperability, and user satisfaction establishes it as a frontrunner in the ever-evolving blockchain industry.

Featured image from Medium

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Scott Matherson

Source link

January 22, 2024
How To Buy Sell and Trade Tokens On The Arbitrum Network

The Arbitrum (ARB) network is a Layer 2 scaling solution for Ethereum that aims to address the scalability and high transaction fees. It is developed by Offchain Labs and utilizes a technology called Optimistic Rollups to achieve its objectives.

Optimistic Rollups work by processing most transactions off-chain and then periodically submitting a summary of those transactions to the Ethereum mainnet. This approach reduces the transaction costs significantly and increases the throughput of the network while maintaining the security guarantees of the Ethereum mainnet.

In other words, the optimistic rollup feature allows Ethereum smart contracts to scale by passing messages between smart contracts on the Ethereum main chain and those on the Arbitrum second layer chain. Much of the transaction processing is completed on the second layer, and the results of this are recorded on the main chain — drastically improving speed and efficiency.

One of the key features of the Arbitrum network is its compatibility with existing Ethereum smart contracts. Developers can deploy their contracts on the Arbitrum network with minimal modifications, allowing for easy migration of decentralized applications (dApps) from Ethereum to Arbitrum.

Also, the arrival of the Ethereum network introduced a groundbreaking transformation in the realm of blockchain technology, providing a platform for the creation of decentralized applications (dApps) and propelling the growth of decentralized finance (DeFi). Nevertheless, as Ethereum’s preeminence soared, it encountered hurdles related to scalability and exorbitant transaction fees.

This is where the Arbitrum network enters the picture as a Layer 2 scaling solution, poised to tackle these challenges while ensuring seamless integration with Ethereum’s ecosystem. In this article, we will explore the core features of the Arbitrum network and examine its immense potential in the Ethereum ecosystem.

Features Of Arbitrum Network

The promise of Scalability:

Scalability has long been a bottleneck for Ethereum, causing network congestion and skyrocketing transaction fees during times of high demand. Arbitrum tackles this challenge by implementing Optimistic Rollups, a technology that allows for most transactions to be processed off-chain. By aggregating multiple transactions into a single summary, ARB achieves significant scalability improvements, enabling faster confirmation times and a higher throughput. This scalability boost unlocks the potential for a more efficient and seamless user experience on the Ethereum network.

Ecosystem and Adoption:

The Arbitrum network has garnered significant attention and interest within the Ethereum ecosystem. Several prominent projects and protocols have announced plans to deploy on Arbitrum or explore integrations. This growing ecosystem includes decentralized exchanges (DEXs), lending platforms, gaming applications, and more.

The increased adoption of Arbitrum provides users with a wider range of options for interacting with decentralized applications (DApps) and accessing various DeFi services.

Smart Contract Execution:

Arbitrum Network makes use of a technique called optimistic execution to process smart contracts. It assumes that most transactions are valid and executes them off-chain. This enables the network in providing fraud proofs, which allows anyone to challenge invalid transactions by submitting evidence to the Ethereum mainnet. This approach enables efficient and secure smart contract execution.

Decentralization and Security:

While Arbitrum relies on the Ethereum mainnet for final settlement and security, it maintains a high level of decentralization and security. By leveraging Ethereum’s robust consensus mechanism, Arbitrum benefits from the security guarantees of the Ethereum network. The periodic submission of transaction summaries to Ethereum ensures that any potential fraudulent activity can be detected and resolved.

Seamless User Experience:

Using the Arbitrum(ARB) network is designed to be seamless for users. They can continue using their existing Ethereum wallets, such as MetaMask, to interact with the Arbitrum network. This familiarity and compatibility make it easier for users to transition from Ethereum to Arbitrum and enjoy the benefits of improved scalability and reduced transaction fees without significant changes to their workflows.

What Makes Arbitrum Unique?

The Arbitrum (ARB) network is designed to provide an easy-to-use platform developers can use to launch highly efficient and scalable Ethereum-compatible smart contracts. It offers a range of exciting possibilities for developers and users alike. Some examples of what can be done on the network include:

High EVM compatibility

Arbitrum(ARB) is considered to be one of the most EVM-compatible rollups. It’s compatible with the EVM at the bytecode level, and any language that can compile to EVM works out of the box — such as Solidity and Vyper. This makes it easy to build on since developers do not need to get to grips with a new language before building on Arbitrum.

Decentralized Finance (DeFi) applications:

The Arbitrum (ARB) network can be used to build and run DeFi applications, such as decentralized exchanges (DEXs), lending and borrowing platforms, and stablecoin systems. These applications can benefit from the network’s fast transaction processing times and low gas fees, enabling efficient and affordable transactions.

Low transaction fees

As a Layer 2 scaling solution for Ethereum, Arbitrum isn’t just designed to boost Ethereum’s transactional throughput, it also minimizes transaction fees at the same time.

Thanks to its extremely efficient roll-up technology, Arbitrum is able to cut fees down to just a tiny fraction of what they are on Ethereum, while still providing sufficient incentives for validators.

Well-developed ecosystem

Arbitrum is already working with a wide variety of Ethereum DApps and infrastructure projects, including the likes of Uniswap.

Cross-Chain Interoperability

The Arbitrum (ARB) network can also be used to enable cross-chain interoperability between different blockchains. This could allow for the seamless transfer of assets and data between different blockchain ecosystems, enabling greater interoperability and connectivity across the entire blockchain space.

The Arbitrum network’s fast transaction processing times, low fees, and security and decentralization features make it a compelling choice for a wide range of use cases.

How To Get Started on The Arbitrum Network

To buy and sell tokens on the Arbitrum (ARB) network, you must first get a metamask wallet. MetaMask is a popular browser extension wallet commonly used for interacting with blockchain networks like Ethereum. It is available as a browser extension for popular browsers such as Google Chrome.

Ensure your Metamask Wallet has been added to your browser as an extension by clicking on the ‘Add to Chrome” icon on the top right as shown below:

Once installed and set up, MetaMask allows users to manage their cryptocurrency wallets, interact with decentralized applications (DApps), and securely execute transactions on supported blockchain networks directly from their browsers. (Make sure to write down your seed phrase on a piece of paper and keep it in a safe place. Do not store it online or on your device).

Next, add the ARB network to your Metamask wallet by following the instructions provided on the Metamask website here.

Trading On the Arbitrum (ARB) Network

In order to execute trades on the ARB network, you will need to fund your wallet with Ethereum (ETH) so as to enable you to cover gas fees even though the majority of the trading activity takes place on the Arbitrum layer 2 solution. This is because the Arbitrum network periodically submits transaction summaries and proofs to the Ethereum mainnet, which requires paying Ethereum gas fees.

You can buy ETH on centralized exchanges such as Binance, copy your wallet address from Metamask, and then send the ETH from Binance to your Metamask wallet.

You can also purchase ETH directly within the Metamask wallet using traditional payment methods such as credit or debit cards, etc.

Just click on the “Buy/Sell” button within Metamask to open the interface. Here, you can put how much ETH (or any other token) you want to buy in terms of dollar terms, pick your payment method, and then click “Buy”.

Note that to buy crypto directly within Metamask, you will need to provide info such as your country and state. However, it is a straightforward process that only takes a minute.

It’ll only take a couple of minutes at most for your ETH to arrive in your wallet. Once the ETH arrives, you are all set to begin trading tokens on the ARB network. So, head over to UniSwap to get started on your trading journey.

How To Trade Tokens On The ARB Network Using UniSwap

Uniswap is a decentralized exchange (DEX) protocol built on the Ethereum blockchain. It allows users to trade Ethereum-based tokens directly from their wallets without the need for intermediaries or traditional order books. Uniswap offers users a simple and straightforward way to buy and sell a wide variety of tokens.

Endeavour to be on the right Uniswap website to protect your wallet from any fraudulent activity. The first step is clicking on the “launch app” button at the top right corner, as shown in the image below:

The next step is clicking on the connect wallet option on UniSwap at the top right corner, as shown in the image below:

Connect to your preferred wallet as shown below. (In this case, it’s Metamask):

Once connected, switch Metamask to the ARB network. (If you’re already on the ARB network, you do not need to switch):

After connecting MetaMask to the ARB network, go to UniSwap, and then you can start trading on the ARB network using UniSwap.

The next step is to select your preferred tokens on the UniSwap interface and since Uniswap operates on a token to token trading model, click on the “select token” button to select the trading pair you want to trade against.

For example, if you want to buy USDT using ETH, select ETH – USDT, enter the amount, then click on “swap” or “trade now” and confirm the transaction in your Metamask wallet. You can view the tokens in your wallet’s asset list.

Buying and Selling Tokens with the Metamask Wallet

ARB Network users can also buy and sell tokens using the Metamask extension wallet already connected to the ARB network.

To do this, make sure you’re connected to the ARB network and have ETH to swap and pay for gas fees. Then, navigate to the “Swap” button as shown below. This will take you to the Swap interface inside Metamask.

Using the image above as a guide, you can also search for tokens using the name or the contract address, just like on UniSwap. Input the amount of ETH you want to swap, confirm that you have the correct token, and then click “Swap.” Once the transaction is confirmed, the tokens you just bought will be sent to your wallet.

Tracking Token Prices on The Arbitrum Network

Users of the Arbitrum (ARB) network can take advantage of on-chain tools like Dexscreener to gain access to comprehensive market insights for specific tokens. These insights include price data and contract information, empowering users to make well-informed trading decisions based on reliable and up-to-date information.

With Dexscreener on the Arbitrum network, users can stay informed about token metrics and market dynamics, enhancing their trading strategies and overall trading experience.

Dexscreener offers a variety of advantageous features tailored to users on the Arbitrum network. Among these features, an exceptional one is the charting functionality, which delivers both real-time and historical price data for a wide range of tokens.

By utilizing these charts, users gain valuable insights into price trends, trading volumes, and other pertinent metrics. This enables them to pinpoint potential entry or exit points for their trades with precision and confidence.

Take a look at the example below:

Conclusion

In conclusion, the Arbitrum network offers a compelling ecosystem for buying, selling, and trading tokens, providing several notable advantages over other platforms. With its seamless integration of on-chain tools like Dexscreener, users gain access to detailed market insights, real-time price data, and historical charts, enabling them to make informed trading decisions with confidence.

Additionally, Arbitrum’s scalability and low transaction fees enhance the overall trading experience, ensuring quicker and more cost-effective transactions. By leveraging the power of the Arbitrum network, traders can enjoy a secure, efficient, and feature-rich environment that empowers them to navigate the world of token trading with ease.

Featured image from CoinMarketCap

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Scott Matherson

Source link

January 21, 2024
How To Buy And Trade Tokens On The SEI Network
In the dynamic trading world where time is of the essence and you are looking for a combo of speed and low fees, the SEI Network is the fastest decentralized Cosmos-based L1 blockchain that is trading-based with the availability of decentralized exchanges (DExs).

The SEI Network has been optimized to handle large volumes of transactions quickly and efficiently while keeping costs low. This makes it an attractive option for businesses and individuals looking to exchange value in a fast, efficient, and cost-effective manner.

The network has an in-built order book that allows smart contracts to easily access shared liquidity. This shared liquidity feature makes it possible for smart contracts to interact with each other and exchange value without third-party interference.

The way SEI is structured makes it possible for decentralized exchanges and trading applications in areas such as DeFi, NFTs, and gaming to provide the best possible user experience.

In this easy-to-follow guide, we will explore the main features of the super-fast SEI Network, how to set up a trading account, and the different ways to obtain and trade the SEI token. By the end of this guide, you will have a good understanding of how the SEI Network works, its advantages, and how to get started.

Features of SEI Network

Speed:

The most unique feature of the SEI network is its speed. It is currently the fastest chain to finality, boasting an impressive lower bound of 300 milliseconds. With unparalleled speed and efficiency, SEI allows for transactions to be immutably recorded on the blockchain in record time using an on-chain order book.

It is superior in terms of finality and is indisputable. When using SEI, users experience the near-instantaneous confirmation of their transactions, providing a seamless and efficient blockchain experience.

The network’s ability to achieve finality rapidly sets it apart from other blockchain platforms, making it an attractive choice for those seeking very fast and secure transaction processing.

Frontrunning protection:

The SEI network provides robust frontrunning protection, effectively combating the malicious practices that plague most of the other ecosystems. With advanced algorithms and stringent safeguards, SEI ensures secure and fair transaction processing, free from manipulation and unfair advantages.

By prioritizing integrity and trust, SEI sets a high standard for ethical conduct and fosters a level playing field for all participants to engage and experience a secure and reliable platform where transactions are protected, and investments are safeguarded.

Twin Turbo Consensus:

One standout feature of the SEI network is the twin-turbo consensus. This innovative consensus mechanism harnesses the power of two turbocharged engines working in sync to allow SEI to achieve exceptional speed and throughput, surpassing industry standards.

SEI’s twin-turbo consensus is designed to handle a lot of transactions at once without slowing down or compromising reliability. It has the ability to adjust and allocate resources as needed when transaction volumes increase.

This means that the SEI network can keep up with growing demands and perform at its best without compromising speed or dependability. So no matter how many transactions are happening, SEI is able to ensure smooth and efficient processing all the way.

Native Matching Engine:

SEI’s native matching engine is a valuable asset for exchange teams, offering rapid order matching and execution capabilities. It empowers exchanges to handle high volumes of transactions efficiently, catering to active traders on the network.

The engine’s flexibility allows customization to meet specific trading requirements, ensuring a tailored and user-friendly experience. With strict enforcement of matching rules, it upholds transparency and fairness in the trading process. Exchange teams leveraging SEI’s native matching engine can optimize their operations, enhance user experiences, and build a trustworthy trading ecosystem.

SEI Network: The Layer 1 For Trading

Trading is undeniably the most widely adopted use case for cryptocurrencies. However, it is a common misconception among crypto enthusiasts that trading is solely limited to decentralized finance (DeFi) applications. In reality, the need to exchange digital assets is fundamental to every aspect of the crypto ecosystem, ranging from social applications to non-fungible tokens (NFTs) and gaming.

Recognizing the significance of trading across the crypto space, SEI Networks has developed a Layer 1 blockchain specifically tailored to meet the diverse trading needs of users. SEI’s primary objective is to provide a robust, scalable, and seamless trading experience. By optimizing every layer of the technology stack, SEI ensures that users can efficiently exchange digital assets across various sectors while maintaining reliability and scalability.

SEI Networks addresses the scalability challenges associated with trading by building the first Layer 1 blockchain specialized for trading. This approach enables SEI to offer the most efficient infrastructure for the exchange of digital assets.

By focusing on the unique requirements of trading, SEI Networks aims to enhance the overall trading experience for users and facilitate the seamless flow of digital assets across different applications and use cases.

With its emphasis on scalability, reliability, and user experience, SEI Networks is well-positioned to serve as a foundational blockchain platform for the trading of digital assets. Whether it’s DeFi protocols, NFT marketplaces, gaming platforms, or other crypto-based applications, SEI Networks provides a solid infrastructure to support the exchange of assets and foster the growth of the broader crypto ecosystem.

SEI Token

The rise in popularity of EVM-compliant blockchains and the parallelization process is driving the growth of the sei Network’s SEI token. SEI token serves as the native cryptocurrency within the SEI ecosystem, SEI token fulfills a variety of roles, which include:
1. Transaction Fees: SEI token is utilized to cover transaction fees incurred on the Sei Network. These fees serve as incentives for validators and contribute to the network’s security.
2. Staking: SEI tokens can be staked by users to accrue rewards and bolster the overall security of the SEI Network.
3. Governance: SEI tokenholders possess the ability to actively participate in the governance of the SEI Network. This participation encompasses voting on proposals and the election of validators.
SEI token presents itself as a promising cryptocurrency with a diverse range of potential applications, positioning itself at the forefront of blockchain innovation tailored for trading purposes.

How To Configure Your Wallet To Begin Trading On The SEI Network

To trade tokens on the SEI Network, you would first need to connect your wallet to the SEI Network. Keplr is a popular browser extension wallet that can be used to interact with the SEI Network.

Ensure your Keplr wallet extension has been added to your browser as shown below:

Once connected to your Keplr wallet, go to Keplr using the extension on your Chrome browser, click on the hamburger sign in the top left corner, and select “Manage Chain Visibility”:

Click on the search bar, next type in SEI, Enable it, and Save it:

How To Buy And Trade SEI On Centralized Exchange Platforms

To embark on the journey of acquiring SEI, one can explore various prominent exchanges where SEI is listed. Platforms such as Binance, Kucoin, and COINEx offer a convenient gateway for purchasing SEI.
1. Create or log in to an account with any of the exchanges listed above.
2. Deposit Funds: After logging in, using the image below click on “deposit” to deposit funds into your account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
3. Navigate to SEI Trading Page: Once your account is funded, go to the dedicated SEI trading page or type “sei” in the search bar for easy navigation. Here, you can find various trading pairs with SEI tokens.
4. Choose a Trading Pair: Select the desired trading pair that matches SEI with another cryptocurrency. For instance, you may choose SEI/USDT if you wish to trade SEI against USDT (Tether).
5. Specify the Purchase Amount: Determine the quantity of SEI tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
6. Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order. By following these comprehensive steps, you can easily trade SEI on CoinEx, taking advantage of the available trading pairs.
Related Reading: Celestia Network: How To Stake TIA And Position For 5-Figure Airdrops

Once you’re done, go to your Keplr wallet, click on Deposit, and copy your SEI wallet. Then go over to your centralized exchange account, click on Withdraw, and then send your SEI tokens to your Keplr wallet address you copied earlier. (Always double-check to make sure you have the correct wallet address).

The SEI network is quite fast so the tokens should arrive in your Keplr wallet in a matter of minutes. As soon as the SEI tokens arrive in your wallet, you’re ready to start trading tokens on the network.

How To Trade Tokens On SEI Network Using Keplr Wallet

To start trading on the SEI network, navigate to the Astroport decentralized exchange (DEX). Visit the site’s homepage and click on “Start Trading” as indicated in the top right corner in the image below:

The next step is selecting the SEI Network and clicking on the “Connect Wallet” option on Astroport at the top right corner as illustrated below:

Connect to your preferred wallet, in this case, it’s Keplr wallet:

Once connected and the SEI network is enabled you can now trade on the SEI network by navigating to the DEX (decentralized exchange) in this case using Astroport and selecting the token pair you wish to trade.

You can search for the token you want to trade using the name or the contract address obtained from the project’s website or official social media handles. Select the amount of SEI tokens you want to convert to the new token and click “Swap.”

Once the transaction has been confirmed, your tokens will be transferred to your connected (Keplr) wallet. Rinse and repeat to buy and sell tokens on the SEI network.

Tracking SEI Token Charts

Users can also utilize Coinhall to check charts, providing valuable market insights. Coinhall offers two distinct advantages: comprehensive charting tools that provide in-depth market analysis, and real-time access to valuable insights for making informed trading decisions.

Conclusion

SEI network offers a fast, efficient, and cost-effective platform for buying and trading tokens. With its optimized infrastructure, SEI can handle large transaction volumes quickly and at low fees. It is the first sector-specific Layer 1 blockchain, specialized for trading to give exchanges an unfair advantage.

The SEI token has been able to maintain strong investor support on their platforms including a seven-day rally leading to over 43% surge. The network’s features, such as its speed, frontrunning protection, twin-turbo consensus mechanism, and native matching engine, make it an attractive choice for trading enthusiasts.

SEI’s native cryptocurrency, SEI token, serves various purposes within the ecosystem, including covering transaction fees, staking for rewards, and participating in governance.
```
SEI price rises over 600% in one year | Source: SEIUSD on Tradingview.com
```
Featured image from Medium, chart from Tradingview.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Scott Matherson

Source link
January 14, 2024