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MakerDAO launches $5M legal defense fund

[Feb 1, 2023 11:44 AM] At its inception, the defense fund will receive a budget of $5 million held in the DAI stablecoin.

Stablecoin Economy Sheds Another $3 Billion in 44 Days

[Jan 28, 2023 3:00 PM] The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd…

MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault

[Jan 25, 2023 1:00 PM] In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle’s USD Coin (USDC) in a Yearn Finance…

DeFi Begins Recovery As TVL Exceeds $45 Billion

[Jan 17, 2023 7:10 AM] Decentralized Finance (DeFi) has always been the most evolving sector in the Web3 space. With new innovations and protocols popping up in the DeFi industry, the ecosystem total value locked (TVL) continued to increase until the bear market stepped…

Smart Contract Platform Tokens See Double-Digit Gains, Boosting Defi TVL Above $40 Billion

[Jan 9, 2023 2:30 PM] Decentralized finance (defi) and smart contract platform tokens rallied on Monday morning (ET) and the total value locked in defi jumped above the $40 billion zone for the first time since mid-December 2022. The top smart contract platform coins by…

Crypto billionaires' subsequent deaths spark wild theories among the community

[Jan 9, 2023 6:56 AM] Many blamed the deaths on billionaires’ past, while others suspected some form of foul play and even execution.

December DeFi exploits were the lowest in 2022: Finance Redefined

[Jan 6, 2023 2:20 PM] The DeFi market didn't see much change in its first week of new year compared to the last week of 2022 as the price momentum remained in a similar zone.

BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues

[Jan 6, 2023 9:00 AM] According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion…

Lido overtakes MakerDAO and now has the highest TVL in DeFi

[Jan 2, 2023 12:08 AM] A Nansen in December noted that Ether staking solutions had been in high demand since Ethereum’s shift to proof-of-stake.

5 altcoin projects that made a real difference in 2022

[Dec 27, 2022 1:05 PM] 2022 was tough on crypto prices, but ETH, LDO, MATIC, DAI and ATOM all made a positive impact on the industry.

TVL in Defi Slides Under $40 Billion, Tapping a Low Not Seen Since February 2021

[Dec 17, 2022 1:00 PM] The total value locked (TVL) in decentralized finance (defi) has fallen below the $40 billion mark for the first time since the first week of Feb. 2021. On Dec. 17, 2022, the TVL in defi is roughly $39.53 billion after dropping more than 4% in…

Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed

[Dec 12, 2022 12:30 PM] On December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion. Moreover, during the past 12 months, the TVL in defi…

Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months

[Nov 28, 2022 9:00 AM] During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its…

Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days

[Nov 16, 2022 8:30 AM] Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the…

MakerDAO Risk Core Unit makes urgent parameter change request in light of recent market events

[Nov 11, 2022 3:50 PM] The proposed change would prevent certain coins that have fallen in value recently from being used as collateral.