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OGN & OGV merger finalized, Enhancing blockchain unity
17.4.2024
In a significant development within the blockchain industry, the merger proposals between Origin Protocol (OGN) and Origin Governance Token (OGV) have been finalized, marking a pivotal moment in the consolidation of decentralized finance (DeFi) projects. OGN and OGV are prominent projects within...
Tokenized Credit Platform Centrifuge Plans Institutional RWA Lending on Coinbase's Base, Raises $15M in VC Investment
17.4.2024
CFG, the protocol's native token, spiked as much as 14% after the announcement before paring gains and outperformed other DeFi tokens
DeFi Protocol Tranchess, Scroll, and StakeStone Launch New Yield Product, Queen Stone
17.4.2024
Tranchess, a decentralized protocol specializing in risk-adjusted yield solutions for digital assets, has collaborated with StakeStone, and Scroll to launch a new yield product, Queen Stone (stoneQUEEN).
The post DeFi Protocol Tranchess, Scroll, and StakeStone Launch New Yield Product, Queen Stone...
DeFi Firm Usual Labs Raises $7M Round Led by Kraken Ventures and IOSG Ventures
17.4.2024
The firm has received a commitment of $75 million in total value locked for the launch of its stablecoin USD0
Stader adds Chainlink CCIP & Price Feeds for cross-chain liquid staking
17.4.2024
Stader recently announced that Chainlink CCIP will be integrated across its Arbitrum and Ethereum mainnets. The platform will leverage CCIP’s STT (Simplified Token Transfer) capabilities for ETHx cross-chain transfers. This will enable a secure and seamless cross-chain experience for users....
Restaking protocol comes under the limelight
17.4.2024
Eigen Layer’s mainnet release has brought restaking protocol under the limelight, reopening LST deposits and doing away with all caps related to LSTs. It is also because of late release, which has resulted in many releases. Being an inventive liquid restaking platform, PrimeStaked provides users...
Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk Contracts
17.4.2024
In the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s...
Folks Finance chooses Avalanche for its cross-chain lending app
17.4.2024
Folks Finance recently announced that they are choosing Avalanche for its cross-chain lending app. The DeFi hub offers leveraged trading, lending, liquid staking, on/off ramp, leverage liquid staking, and swaps. Given Folks’ well-rounded product suite, users find it robust and flexible...
Runes Will “Close The Gap” Between Bitcoin and Ethereum: Franklin Templeton
17.4.2024
Runes tokens could usher in a DeFi market on Bitcoin that rivals that of Ethereum and Solana, Franklin claims.
The post Runes Will “Close The Gap” Between Bitcoin and Ethereum: Franklin Templeton appeared first on Cryptonews
DMCC Report predicts super Crypto, DeFi, and Metaverse growth
16.4.2024
As a global authority on commodities and business, the DMCC, accredited by the Government of Dubai, has released a detailed thought leadership document about Web3 technologies. Entitled “Digital Decentralization: Crypto, DeFi, and the Metaverse,” this report comprehensively analyzes...
Drift Foundation Announces 100 Million Token Airdrop for Solana-Based Dex Users
16.4.2024
On April 16, 2024, the Drift Foundation, which supports the Solana-based decentralized exchange (dex) platform Drift, disclosed plans to distribute 100 million tokens to its users. The tokens will function as the platform’s governance coin, to be utilized by the community and the Drift...
Franklin Templeton unveils Runes as key to Bitcoin’s DeFi evolution
16.4.2024
Franklin Templeton, a renowned investment firm, has released a comprehensive analysis outlining how the integration of Runes could catalyze the growth of decentralized finance (DeFi) on the Bitcoin network. The analysis begins by examining the current state of decentralized finance on the Bitcoin...
Solana releases an update to finish with network saturation
16.4.2024
Solana has released an update for putting closure on network clogging due to spam bots and memecoin trading. The builders at Solana suggest that they incorporate a required network update to combat the clogging impacting the protocol. Mainnet Beta authenticators are being suggested to use...
Zilliqa shares current developments shaping its ecology
16.4.2024
The Zilliqa ecosystem experienced noteworthy advancements in March 2024, which served as evidence of the platform’s ongoing expansion and aptitude for novelty. This month-long summary of Zilliqa’s highlights and successes sheds light on the platform’s ecosystem and its impact...
Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April
15.4.2024
Following a significant downturn in March, liquid staking derivatives (LSD) protocols experienced another withdrawal of 380,000 ether, valued at roughly $1.17 billion, from leading LSD platforms since April 1, 2024. Ethereum Exodus: $1.17 Billion Pulled From LSD Platforms In the initial two weeks...
DeFi-Focused Berachain Raises $100M in Funding Round Led by Brevan Howard Digital
15.4.2024
Decentralized finance (DeFi) -focused Layer 1 blockchain platform Berachain, announced it has secured $100 million in a funding round led by Brevan Howard Digital and Framework Ventures.
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Free Tesla giveaway puts Octoblock DeFi at the forefront in BNB Smart Chain
14.4.2024
With many investors looking for the best crypto to buy now, Octoblock’s innovative offerings, including its Tesla giveaway, are setting it at the forefront of the BNB Smart Chain. What is BNB Smart Chain? The BNB Smart Chain (BSC) is a layer-1 blockchain platform that supports smart contracts...
EigenLayer introduces six new Actively Validated Services
12.4.2024
EigenLayer’s AVS mainnet launch marks a significant milestone in the development of Ethereum staking systems. Active validation services, or AVS, are critical for increasing the security and effectiveness of blockchain networks. EigenLayer restakers manage and secure these services, which...
Can more Solana news drive price higher, or will BSC DeFi narrative takeover?
12.4.2024
Solana news on developments and announcements helped the SOL price recover from its death knell in the past. Meanwhile, the momentum rallied by DeFi on Binance Smart Chain projects is so intense that it’s taking over the crypto market. New projects like Octoblock, with hot presales...
Is Uniswap Going to Zero? UNI Price Drops 20% After SEC Scrutiny as This Other Coin Prepares for Exchange Launch
12.4.2024
The price of DeFi exchange Uniswap’s native token UNI is 15% lower than it was this time last week following yesterday’s news that the US SEC may launch a potential enforcement action against it for alleged securities law violations. UNI currently trades at $9.08, which makes for...