Vega Token Rallies Ahead of Protocol Possibly Going Live Monday
[May 19, 2023 11:01 AM] The platform is awaiting an expected approval from the community, says Vega’s co-founder.
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Lido’s ETH Deposits Reach Record High Amid Stagnant stETH Withdrawals
[May 19, 2023 8:30 AM] Lido (LDO), the leading liquid staking derivatives (LSD) protocol, recently made waves in the crypto community by enabling staked ETH (stETH) withdrawals. Expectations were high as many anticipated a surge in stakers unstaking their ETH. However…
Privacy-Focused Network Horizen Expected to Undergo Node Upgrade in June
[May 19, 2023 6:35 AM] The upgrade would bring enhancements to sidechains and bug fixes.
CeFi Users Want To Explore DeFi: Uniswap Survey Uncovers New Wave Of Adoption
[May 18, 2023 1:00 PM] Uniswap Labs, a leading decentralized finance (DeFi) platform, has recently conducted a survey to understand the motivations and barriers of US-based retail users towards DeFi. The survey received 1,860 responses, including non-crypto, centralized…
Lava Introduces Self-Custody Wallet And Bitcoin DeFi Platform At Bitcoin 2023
[May 18, 2023 10:54 AM] Lava, a financial technology company, has unveiled a new self-custody wallet and decentralized finance (DeFi) platform on Bitcoin. Utilizing Lava's loan protocol, users can borrow stablecoins against native bitcoin, eliminating the risks associated…
Lido Community Members Propose LDO Token Staking and Buyback Plan
[May 18, 2023 2:26 AM] The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”
Uniswap And Polkadot Join Forces To Boost Decentralized Trading Volume, Here’s How
[May 17, 2023 7:00 PM] Polkadot has announced that Uniswap, the most important decentralized exchange (DEX) in terms of daily traded volume, is coming to its ecosystem via the Moonbeam Network parachain. This development is expected to significantly increase volume and…
SUSHI Down 45%: What’s Driving the Decline?
[May 17, 2023 5:30 PM] The price of SUSHI, the native token of SushiSwap, a decentralized exchange, is down 45% from February 2023, when prices peaked at $1.63, the highest level in six months. SushiSwap Token Redesign This contraction is despite the successful…
DeFi Must Get Easier to Use to Win Over Retail Customers, Uniswap Survey Finds
[May 17, 2023 11:30 AM] Uniswap found that many respondents are put off by the complexity and cost of on-chain trading.
Cashtokens Take Center Stage Following Bitcoin Cash Upgrade: Over 26,000 Tokens Created
[May 16, 2023 3:30 PM] Following the recent Bitcoin Cash upgrade on Monday, data reveals that approximately 1,308 fungible tokens and 25,336 non-fungible tokens (NFTs) have emerged on the blockchain. Moreover, the Cashtokens token ecosystem is now accessible through the…
DeFi’s Rising Star: Why Rook DAO Is The Best-Performing Token Of 2023
Origin Protocol Enters Competitive Ether Yield Market With OETH Offering
[May 16, 2023 10:00 AM] OETH is a yield-bearing, ether-pegged token, offering an easy way to maximize yield from ETH staking using protocols such as Curve Finance.
Token of Layer-1 Blockchain Kava Surges 40% Ahead of Mainnet Upgrade
[May 16, 2023 1:21 AM] The change improves transaction speed and aims to beef up security on the platform, Kava says.
Lending Platform Atlendis Deploys Upgrade on Polygon, Opens $2M Lending Pool for Banxa
[May 16, 2023 1:00 AM] Atlendis Labs is a blockchain-based credit marketplace that offers revolving credit lines for small and medium-sized businesses and fintech firms.
Over 440,000 Ethereum Added to Liquid Staking Derivatives in Two Weeks
[May 12, 2023 9:00 PM] In less than two weeks, the total value locked (TVL) in liquid staking derivatives has increased by 441,110 ether, worth roughly $793 million. While Lido Finance dominates the market with 74.35% of the TVL, competing liquid staking protocols Rocket…
Bakkt Mass Delists Tokens Including Aave, Avalanche, Compound, Filecoin, MakerDAO and Uniswap
[May 12, 2023 3:28 PM] Intercontinental Exchange-owned Bakkt discontinued its consumer-facing app in February as it shifts away from retail
MakerDAO Massive Upgrade, A New Era For DeFi?
[May 12, 2023 1:30 PM] MakerDAO, the decentralized finance (DeFi) project behind the popular stablecoin DAI, has announced a major update called “Endgame.” Endgame is designed to enhance efficiency, resilience, and participation by applying fine-tuned AI tools to open…
Cardano Scaling Node Hydra Head Goes Live on Blockchain's Mainnet
[May 12, 2023 1:52 AM] The tool, the first in a planned suite of products, aims to speed up transaction times on Cardano.
Threshold Network Goes Live With Wormhole to Bridge Bitcoin to 20 Blockchains
[May 11, 2023 7:10 AM] Using bitcoin on other networks previously required users to rely on centralized bridges, which increased risks for token holders.
Developers Deploy Uniswap Contracts on Bitcoin as BRC20-Based SHIB, PEPE Gain Popularity
[May 11, 2023 2:40 AM] Tokens issued on Bitcoin ran to a cumulative market capitalization of as much as $1.5 billion earlier this week before sharply correcting.
Urbit, a Network Older and Weirder Than Bitcoin, Finally Turns Toward Growth
[May 10, 2023 9:54 AM] The peer-to-peer network started in 2002 says it's taking on "MEGACORP," much in the same vein as many blockchain networks. A bit more fun are the "secret code names" that users are assigned.
Cardano DeFi Steals The Show, Outperforms The Market With Explosive Transaction Growth
[May 9, 2023 4:30 PM] Despite the recent market dip, Cardano’s decentralized finance (DeFi) ecosystem has seen a significant surge in activity, with transactions on Cardano DeFi apps soaring to 250,000 per epoch from 160,000 transactions during the previous epoch…
DeFi Broker Prime Protocol Introduces Bridgeless Cross-Chain Token Transfers
[May 9, 2023 9:00 AM] The protocol aims to eliminate the need for token bridges, wraps and swaps to make moving crypto tokens between blockchains safer.
Ether Staking Deposits Top Withdrawals for First Time Since Shapella Upgrade
[May 9, 2023 4:21 AM] The divergence comes amid a meme coin frenzy that has pushed up fees on the Ethereum blockchain.
Aave V3 launches on Ethereum layer-2 network Metis
[May 8, 2023 10:00 AM] Ethereum layer-2 protocols continue to attract the biggest players in the decentralized finance sector, with liquidity protocol Aave deploying on scaling network Metis.
Lido DAO Records Biggest Network Transaction In 2 Years – Santiment
[May 7, 2023 6:25 AM] DeFi staking protocol Lido DAO (LDO) has just experienced its largest network transaction in two years, according to a report by Santiment. The popular on-chain analytics firm states that on May 5, $135 million worth of LDO tokens were transferred…
Defi Market Holds Steady at $49.31 Billion TVL, Lido Finance Leads the Pack With 24.82% Share
[May 6, 2023 11:30 AM] Since April 18, 2023, the total value locked (TVL) in decentralized finance (defi) has been fluctuating just below the $50 billion threshold. As of today, the TVL amounts to $49.31 billion, registering a 1% increase within the last 24 hours. TVL in…
UMA Token Surges By 28% Despite General Bearish Trend
[May 6, 2023 5:20 AM] UMA (UMA) has registered an impressive 28.7% gain in the last seven days, according to data by CoinMarketCap. In a week marked by market losses and little gains, the DeFi token showed much resilience to emerge as one of the biggest weekly gainers. …
Pepecoin Short Sellers Lose Millions as PEPE Jumps to $900M Valuation
[May 5, 2023 12:18 AM] The market capitalization for the tokens jumped to nearly $900 million as the frenzy seems neverending.
Liquid Staking Platform Lido Surpasses 6M Ether Deposits as Shanghai Upgrade Spurs Inflows
[May 4, 2023 12:03 PM] Ethereum’s Shanghai upgrade spurred deposit inflows to liquid staking protocols, including to the largest player Lido.