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Solana-Based Defi Margin Trading Protocol Raises $3 Million in Seed Funding


On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs...

Relatively Unknown Protocols Push TVL in Defi Above the $200 Billion Range


On February 15, the total value locked (TVL) in decentralized finance (defi) platforms is just above the $200 billion range, after a brief slump below that region last week. Out of the entire TVL in defi today, Ethereum commands 59.22% of that value with 532 defi protocols. Metrics during the last...

cBridge to Enable Cross-Chain Bridging on Emerald Paratime


Celer has collaborated with the Oasis blockchain to incorporate cBridge into the Oasis Emerald ParaTime, an EVM-Compatible ParaTime on the Oasis blockchain that provides a smart contract atmosphere with entire EVM compatibility. Users Can Now Connect the Following Tokens to Oasis – Ethereum USDT...

Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit


On February 2, 2022, the Wormhole Network’s ethereum ↔ solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds have been restored and Wormhole is back up.” The team has also said...

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