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The current defi market is seeing increased scrutiny from the U.S. SEC, particularly concerning Binance (BNB). On the other hand, supporters claim Pullix (PLX) can surpass Uniswap (UNI) in trading volume.
Binance’s unresolved issues with the U.S. SEC
A report reveals that the SEC and Binance still have some unresolved issues.
The Binance legal team has followed all the document production requirements.
Despite this news, BNB is up from $292 to $306, pushing the market cap from $43.67 to $45.88 billion.
At the same time, 28 technical indicators show bullish signals.
Analysts predict BNB to reach $483 in Q1 2024.
Pullix plans for defi
Pullix offers a unique hybrid trading platform that combines the best features of centralized and decentralized exchanges.
This means traders can enjoy deep liquidity, access to various asset classes (including cryptocurrencies), and more.
Pullix has already raised nearly $5 million in its presale and sold over 80 million PLX in under two months.
PLX is the native token of Pullix and can be used for trading credits. Holders receive lower trading fees and can access certain assets.
Pullix has a “trade-to-earn” revenue-sharing model rewarding PLX stakers with a percentage of its daily revenue.
As a result, the more trades that happen on Pullix, the more rewards stakers receive.
In the current presale stage, PLX is available for $0.10.
Uniswap rolls new update
Uniswap Labs recently announced a new web update that eases token transfer.
Over the past week, UNI has increased from $5.80 to $6.18, and its market capitalization has also risen from $3.49 to $3.69 billion.
Some market experts say the token could reach $6.87 by the end of February 2024.
Will Pullix outshine Binance and Uniswap?
With a market cap of $20 million, some experts say Pullix can outperform Binance and Uniswap. In the ongoing PLX presale, participants can receive a 10% bonus.
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Source: https://crypto.news/binance-and-sec-at-odds-pullix-may-flip-uniswap-in-trading-volume/