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Stars Arena patches a smart contract vulnerability
6.10.2023
Stars Arena faced an exploit worth $2,000. Now, reports are surfacing claiming that almost $1 million could be at risk. It was basically a smart contract vulnerability that enabled hackers to sell zero shares in return for AVAX. Meaning, they were draining funds from the network with...
Perennial Protocol introduces V2 on Arbitrum Network
5.10.2023
Perennial Protocol has finally introduced V2. The achievement comes with a long period of extreme effort and dedication, resulting in the fact that it will be quicker, cost-effective, and capital-effective. However, let us have a closer understanding of the achievements of Perrenial’s V1. V1...
Manifold Finance introduces LST with MEV optimization
5.10.2023
Manifold Finance has released a new liquid staking token (LST) that is mev-optimized in an effort to wipe out competition in the ether staking derivatives market. Manifold promised in a blog post examined by Blockworks that its users would soon be able to convert their 28,000 crETH2 to mevETH,...
Chainlink Data Streams introduces on Mainnet
3.10.2023
Chainlink Data Streams has been introduced, an all-inclusive data solution for the betterment of the DeFi space. It combines low-latency data delivery and automated trade implementation, opening the doors to new-age and speedy derivatives products. Currently, Data Streams is in the Mainnet Early...
Pond0x DEX Touts $100M Volume Amidst Scam Allegations
30.9.2023
Decentralized exchange (DEX) Pond0x has reportedly achieved a total trading volume exceeding $100 million despite scam allegations.
In a recent post on X (formerly Twitter), the project's official channel referred to a Dune dashboard that displayed over $111 million in all-time trading volume...
ParaSwap goes live on Base
28.9.2023
ParaSwap, a middleware for traders and decentralized applications, is now live on Base, an Ethereum L2 solution. With an announcement stating that this is a significant leap for them, ParaSwap has confirmed the development. Going live on Base aims to offer traders more opportunities at the best...
Ethereum’s relayers down to 4 after Blocknative leaves
28.9.2023
Blocknative has said that it is withdrawing its operations or discontinuing its offering as a relayer. This officially brings the upcoming number of relayers for Ethereum to four. The community is now in splits about how things will work out, for the discontinuation is tentatively scheduled...
Virtue announces partnership with ShimmerSea
26.9.2023
Virtue takes immense pleasure in declaring the fact that it has formed an exclusive partnership with ShimmerSea. This is one of the prime decentralized exchanges (DEX) on ShimmerEVM. The company’s vision is to provide high-end trading exposure. Through this joining of hands, both companies will...
Base Network Outstrips Solana's TVL as Summer Lull Draws to a Close
23.9.2023
Coinbase's layer-2 network, Base, has surpassed Solana (SOL) in terms of total value locked (TVL).
Base's TVL has reached an impressive $397.32 million since its launch in August, outpacing Solana's TVL of $358.96 million, data from DefiLlama shows.
Over the past month, Base has experienced...
Polygon zkEVM launches Dragon Fruit on Mainnet
22.9.2023
Polygon Labs has announced that it has officially launched Dragon Fruit on Mainnet Beta. The upgrade is imperative from the point of view of Polygon, as it is the first Ethereum layer-2 solution to support the latest EVM opcode, PUSH0. Polygon Labs has called this the first major upgrade while...
Injective forms a collaboration with Oraichain
21.9.2023
Injective collaborates with Oraichain to work on innovation through the convergence of Artificial Intelligence (AI) and Decentralized Finance (DeFi). The aim is to improve user exposure, encourage interoperability, and provide an array of transformative products that will benefit DeFi users, both...
GRO looks at ceasing official activity amid sector-wide slump
21.9.2023
GRO has decided to shut down all of its present business-related activities following the slow downfall of the DeFi arena. Their plan is to return the remaining treasury to the GRO token owners, who can then have the option of transferring it to a redemption contract. In the case of the DeFi arena...
Hope.money joins the Chainlink BUILD program for HOPE
20.9.2023
Hope.money recently made the official announcement about joining the Chainlink BUILD program. The distributed stablecoin project released an official post to confirm the news. According to the post, Hope.money will use the integration to achieve adoption of the HOPE ecosystem. The integration will...
DeFi Protocol Balancer Faces Another Security Breach After Being Exploited for $2M a Month Ago
20.9.2023
Balancer, the Ethereum-based decentralized finance (DeFi) protocol, is facing a security breach, marking the second such incident in less than a month.
The platform issued a warning to its users after detecting an attack on its frontend, urging them to refrain from interacting with the Balancer...
Optimism to allocate unclaimed funds from initial airdrop
18.9.2023
Optimism, an Ethereum layer 2 network, has announced plans to disburse the unused funds that were left over from its initial airdrop. The direct receivers will be to the identified addresses that were left out. The airdrop that began on the 1st of June,2022, was responsible for disbursing...
Loan backed by ZRX is closer to liquidation
15.9.2023
ZRX could drop sharply, and if that happens, then the governance token of the protocol is likely to result in bad debt. This comes to light as the lending market has been frozen since November 2022. Aave v2 reportedly hosts a wallet with $2.5 million in outstanding debt. This is against $8 million...
Solflare and DLN to improve MetaMask’s Solana experience
13.9.2023
Solflare, a leading wallet in Solana, has integrated the DLN infrastructure for high-level cross-chain trading into MetaMask. This was done to improve speed and conventional cross-chain shifting to or from Solana. Currently, MetaMask users can use Solana Snaps to control their Solana holdings...
Kepler Homes and Bakery Swap forge a partnership
11.9.2023
Kepler Homes has announced that it has partnered with Bakery Swap. Details of the association or partnership agreement are yet to be made public; however, one can assume that they will bring their favorable offerings to the table to serve the communities well. Kepler Homes is confident of achieving...
CFTC Targets DeFi Protocols Opyn, ZeroEx, and Deridex in Sweeping Crackdown
8.9.2023
The U.S. derivatives markets regulator Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) protocols, Opyn, Inc., ZeroEx (0x), Inc., and Deridex, Inc. with offering illegal derivatives trading.
According to an official statement released on Thursday, these...
CavalRe launches Multiswap on Avalanche
7.9.2023
Avalanche has announced that it is now hosting Multiswap by CavalRe. Multiswap is essentially a unified liquidity protocol that enables users to swap multiple tokens in a single transaction. It has performed miracles on the testnet by registering 340 token swaps in a single transaction....