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Balancer V2 Goes Live, Promising Reduced Gas Fees for DeFi Traders
In a bid to reduce Ethereum fees on the platform, all pools managed by Balancer will now be administered from a single vault.
Updated Sep 14, 2021, 12:53 p.m. Published May 11, 2021, 1:05 p.m.
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Balancer Labs has released version 2.0 of its automated market maker (AMM).
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The upgrade, which has been in development for more than a year, offers a generalized protocol for AMMs operating within the decentralized finance (DeFi) sector. With v2, all pools managed by Balancer will now be administered from a single vault, according to a Tuesday press release.
The move should reduce Ethereum gas fees for end users, Balancer said. The startup had opted to launch v1 with separate pools for security reasons, CEO Fernando Martinelli previously told CoinDesk.
Read more: One Big Pool: Balancer’s New Version Cuts Down Transactions and Gas Fees
"Our expectation is that v1 will continue to provide the best price until a substantial amount of liquidity migrates to v2," the company wrote. "At which point we expect trades will be routed through v2's Protocol Vault resulting in lower gas costs and better pricing."
Partners for the upgrade have also been announced, including Gnosis, Aave, Gyroscope, Enzym Finance, Ocean Protocol, PowerPool and Techemy Capital. The other DeFi shops will help provide better pricing, higher yields, streamlined liquidity and support for Balancer v2's AMM logic, the firm said.
Additionally, Balancer's v2 introduces asset managers or external smart contracts where the underlying value of a liquidity pool can be put to use elsewhere in the DeFi sector where previously they are often left unused.
Balancer's popularity in DeFi has been climbing, according to data provider DeFi Pulse.
Balancer is now ranked fourth among the top decentralized exchanges in terms of total value locked (TVL). The project also recently conducted a $2 million bug bounty in an attempt to iron out the kinks of Balancer's architecture ahead of the v2 launch.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante
The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.
What to know:
- Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
- Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
- fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.
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