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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....
Zoth teams up with Chainlink BUILD program
6.9.2023
Zoth will be teaming up with the Chainlink BUILD program for furthering the growth of the ecosystem and futuristic acceptance of the upcoming market real time world assets on-chain. This will be made possible by connecting with Chainlink’s benchmark oracle services and the technical backing. There...
DYDX Token Receives Full Community Support for dYdX Chain Integration
5.9.2023
Popular decentralized exchange dydx has received unanimous approval from its community to transition to version 4 and adopt the DYDX token as the Layer 1 token for its upcoming blockchain.
The vote, which took place on the Snapshot platform and concluded on September 4, garnered almost 100%...
CLS Global announces partnership with ApeSwap
5.9.2023
CLS Global has announced a partnership with ApeSwap, informing the community that the dynamic association between the two will open the door to a new experience for DeFi. ApeSwap has responded to this announcement by thanking them, further stating that they are looking forward to what comes next...
Meta Defender connects with Acala ecosystem
5.9.2023
Meta Defender, which is a multi-chain decentralized imitative marketplace that was created for Liquid Staking Tokens (LST), will be positioned on Acala. This will open the doors for the users of Polkadot to make use of trade DOT staking yields in general and particular within the ecosystem....
Creation of appchain with the codebase of Solana
4.9.2023
The CEO of MakerDAO, Rune Christensen, claims that it is possible for an upcoming appchain that is meant for the DeFi lending protocol to be created with the utilization of the codebase of Solana. This latest appchain is a segment of the supposed Endgame plan. The plan is aimed at enhancing...
Binance CEO CZ Predicts DeFi to Outshine CeFi in Upcoming Bull Run
4.9.2023
Binance CEO Changpeng Zhao believes decentralized finance (DeFi) can outshine centralized finance (CeFi) during the upcoming bull run.
On September 1, the crypto boss hosted a live X Spaces event, during which he expressed his belief that DeFi has the potential to surpass CeFi in terms of trading...
Public testnet of Arbitrum Stylus goes live
1.9.2023
Arbitrum Stylus is now live as a public testnet, opening the doors for developers and creators to get on board and give their best shots to the open-source SDK. Developers can leverage the facility of EVM and WASM, allowing them to craft a smart contract in any programming language they want....
sDAI Pool by Aave goes live after MakerDAO pulls yields downs
31.8.2023
Aave has announced launching the sDAI pool following a reduction in the DSR yields. DSR refers to the DAI Saving Rate. It was originally set to 3.3%, later pitched up at 8$, only to bring it down again. Rune Christensen, the Co-Founder of MakerDAO, has suggested further lowering the DSR yields...