45 / 48 Relevant items tagged with #defi
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Innovations Help to Substantially Reduce the Gap Between Decentralized and Centralized Exchanges — Dexalot COO
[Mar 2, 2023 4:00 AM] While centralized exchanges are thought to be safer and more efficient, proponents of decentralized platforms like Tim Shan insist that user experience on decentralized exchanges has improved. In addition, inherent benefits associated with…
Decentralized finance to be examined at inaugural CFTC tech advisory meeting
[Mar 1, 2023 7:28 PM] A panel at an upcoming advisory meeting for the financial regulator will “explore issues in decentralized finance.”
SushiSwap Burns $5 Million Per Year, But Will It Rebrand In 2023?
[Mar 1, 2023 7:30 AM] SushiSwap, a popular multichain decentralized exchange (DEX), burns approximately $5 million annually, its chief chef, Jared Grey, revealed on February 28. SushiSwap Holds $30.6 Million Worth Of Digital Assets In a tweet, Grey said the protocol…
DeFiLlama Releases Special Uniswap v3 Router For Optimism
[Feb 28, 2023 8:30 AM] DeFiLlama, a DeFi-centric data analytics platform, has released LlamaZip, a router for Uniswap v3 on Optimism, an Ethereum layer-2. LlamaZip To Reduce Swapping Costs In a tweet on February 28, the team said LlamaZip significantly reduces gas costs…
$700,000 drained from BNB Chain-based DeFi protocol LaunchZone
[Feb 27, 2023 4:23 AM] BNB Chain-based DeFi protocol LaunchZone claims an exploit led to $700,000 of funds being drained from its liquidity pool, with its native token plunging in value
Lendhub protocol exploiters spotted shifting $3.85M into Tornado Cash
[Feb 27, 2023 12:00 AM] Despite the sanctions on the crypto mixing service, the bad actors behind January’s biggest exploit have deposited millions worth of funds into Tornado Cash.
Solana Blockchain Experiences Technical Glitch Causing Transaction Slowdowns
Crypto Market Slides as Total Value Locked in Defi Falls Below $50 Billion Mark
[Feb 25, 2023 11:00 AM] The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL) in decentralized finance (defi) has slipped below the $50 billion mark to $49.8 billion. The TVL in defi has…
Jump Crypto & Oasis.app counter exploits Wormhole hacker for $225M
[Feb 24, 2023 7:20 PM] The counter exploit came after the High Court of England and Wales ordered Oasis.app to work with Jump Crypto to retrieve the stolen funds.
Optimism (OP) Surges 17% As Coinbase Launches L2 On OP Stack
[Feb 23, 2023 12:30 PM] Earlier today, digital asset exchange Coinbase announced the launch of its Ethereum L2 (Layer 2) network called ‘Base’ on the Optimism OP stack. This latest news has sent the Optimism network native token OP up nearly 18% in the last 24 hours. …
Ankr (ANKR) Rallies 60% Following Partnership With Microsoft
[Feb 23, 2023 11:30 AM] DeFi token Ankr (ANKR) is one of the best-performing cryptocurrencies in the market presently, gaining 60% in two days. This impressive price rally occurred following an announcement of Ankr’s innovative partnership with American technology giant…
Crypto Fund, Arca, Doubles Down On These Two DeFi Protocols
[Feb 23, 2023 4:40 AM] Arca Investment bridged 450 ETH through Arbitrum and bought Radiant Capital and Dopex DeFi tokens on February 23. Arca Scoops Radiant Capital And Dopex DeFi Tokens According to data from Arbiscan, Arca bought 422,000 RDNT, native to Radiant…
Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
[Feb 22, 2023 8:56 PM] According to the Department of Justice, Forsage employed smart contracts which were coded in ways consistent with a Ponzi scheme.
What is the network effect?
[Feb 19, 2023 5:13 PM] Crypto’s value increases with more users, creating a positive feedback loop due to the network effect.
A Botched Heist: A Look At The Sloppy $8.5M Hack On Platypus Protocol
FIL Price Surges 25.8% Following Smart Contract Development on Filecoin
[Feb 17, 2023 4:20 PM] As per Coinmarketcap, Filecoin has surged by 25.8% in the last 24 hours; following new reports, this network plans to launch smart contracts on March 23 to make it a fully-fledged layer 1 protocol. With this news, the token’s price has seen…
Ethereum on-chain data suggests ETH sell pressure could be a non-event after the Shanghai upgrade
[Feb 17, 2023 11:31 AM] A recent Binance report details the status of Ether staking and explores why the Shanghai upgrade may not result in the ETH sell pressure some traders have predicted.
OP Token Down 5.35% Amid Optimism Foundation Delayed Upgrade Vote
[Feb 17, 2023 9:30 AM] Despite Optimism (OP) price maintaining an impressive rally for the last 30 days, today the token’s value has dropped by 5.35%. It is possible that the crypto has witnessed a turn in momentum due to the recently announced rescheduling of its…
Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Since FTX Collapse
[Feb 16, 2023 11:00 AM] Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of FTX. As of Feb. 16, 2023, the TVL in defi is…
SEC enforcement action creates a silver lining for GMX, Lido (LDO) and Maker (MKR) price
[Feb 15, 2023 1:02 PM] Traders are pivoting into decentralized solutions like GMX, LDO and MKR as the U.S. Securities and Exchange Commission cracks down on the crypto industry.
CRV Daily Volume Peaks To Over $1 Billion In Past 24 Hours
[Feb 15, 2023 6:54 AM] Curve Finance and the adoption of its native token CRV have seen some resistance in the past couple of months. Nevertheless, CRV daily volume is seen to have peaked above the $1 billion mark in the past 24 hours, equating to an increase of as much…
Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi
[Feb 15, 2023 12:39 AM] While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws.
DeFi vs. Web3: Key differences explained
[Feb 13, 2023 10:35 AM] DeFi is built on top of existing smart contract platforms like Ethereum, while Web3 is built on the internet itself. Here are other ways they differ.
MATIC Beats Top Cryptos BTC, ETH In Price Performance – Can It Sustain Tempo?
[Feb 11, 2023 3:19 AM] MATIC price is making investors smile and beam with confidence as it moves north. There is currently a massive demand to jack up the price of the crypto further up, as explained by veteran crypto analyst, Ali Martinez. Here’s a quick glance…
SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool
[Feb 10, 2023 2:13 PM] Kraken has put an end to staking as a service, and Coinbase could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL?
Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits
[Feb 9, 2023 4:30 PM] Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open…
Is Money Beginning To Flow Back Into DeFi?
[Feb 9, 2023 5:00 AM] Ultrasound Money data reveals that there has been a surge in activity in decentralized finance (DeFi) protocols, with Uniswap leading the line. In the past week, Uniswap-related activities led the ETH “burn” leaderboard on Ultrasound Money…
Avalanche (AVAX) price is up, but do fundamentals support the rally?
[Feb 7, 2023 12:30 PM] AVAX price has been in a strong rally since the start of 2023, but a sustained uptick in its DeFi components is needed in order to sustain the current bullish momentum.
Ethereum Liquid Staking Trend Continues to Swell; 5 Platforms Control 97% of Market
[Feb 7, 2023 9:00 AM] As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 billion, with Lido, Coinbase, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked (TVL)…