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Bitcoin Surge Propels DeFi TVL Past $100 Billion Milestone
10.3.2024
The decentralized finance (DeFi) sector has surpassed a significant milestone, with the total value locked (TVL) in DeFi protocols exceeding $100 billion.
The post Bitcoin Surge Propels DeFi TVL Past $100 Billion Milestone appeared first on Cryptonews
Study: Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone
9.3.2024
In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual...
Piers Ridyard, CEO of Radix DLT, on The Future of Web3, Wallets, Account Abstraction, and Creating the Game Engine for DeFi | Ep. 315
8.3.2024
Piers Ridyard, CEO of the decentralized network Radix DLT, talks about the “wild ride” through the worlds of smart contracts and Y Combinator, finding Ethereum, mining on its genesis block, selling ETH, getting into Radix, the project’s fundamental principles, and how it goes above and beyond...
Aptos Foundation connects with LayerZero and Stargate
8.3.2024
Aptos Foundation strengthens its partnerships with LayerZero and Stargate in order to facilitate user access to DeFi on Aptos, beginning with straightforward cross-chain interoperability. The Aptos Bridge, developed by Stargate, employs the LayerZero protocol to enable the seamless connection...
Solana DeFi Protocol Kamino Sets KMNO Token Airdrop for April
7.3.2024
Kamino is the latest Solana-based DeFi protocol to airdrop a token
Solana DEX Trading Volume Reaches Record $2.85 Billion, Up Over 150% in Past Week
7.3.2024
The DEX trading volume on the Solana blockchain has skyrocketed, surpassing the $2 billion mark for four consecutive days, with a record-breaking trading volume of $2.85 billion achieved on March 5.
The post Solana DEX Trading Volume Reaches Record $2.85 Billion, Up Over 150% in Past Week appeared...
Navigating the Wormhole Airdrop: Defi’s Next Big Token Drop Explained
7.3.2024
Wormhole, a platform fostering blockchain interoperability within decentralized finance (defi), has unveiled plans for an airdrop of its proprietary token, W. The initiative is part of the protocol’s broader aim toward progressive decentralization, rewarding dedicated users and developers...
Injective Protocol’s inEVM Nears Completion, Bridging Ethereum and Low-Fee Derivatives Trading
7.3.2024
Injective Protocol plans to connect with Ethereum. The code enabling this, developers say, is 98% complete as of early March 2024
The post Injective Protocol’s inEVM Nears Completion, Bridging Ethereum and Low-Fee Derivatives Trading appeared first on Cryptonews
Uniswap's UNI Gains 20% as Token Reward Proposal Inches Closer to Approval
6.3.2024
Uniswap's UNI gained 20% as a governance proposal to distribute protocol revenues among token holders gets overwhelming support in a temperature check before voting
Grayscale Advisors release the firm’s very first crypto fund
6.3.2024
Grayscale Advisors recently launched its first actively managed crypto fund. Named Grayscale Dynamic Income Fund, the scheme will optimize staking income from crypto. The fund will distribute these staking rewards in USD every quarter. With the announcement, Grayscale also reminded customers that...
While Cardano (ADA) and THORchain (RUNE) eye new highs, this new coin is disrupting the DeFi space
6.3.2024
Pullix (PLX) is establishing itself as a prominent decentralized finance (DeFi) market player. The project’s initial coin offering (ICO) has successfully raised over $9 million, selling out rapidly time, highlighting the strong demand for its innovative technology. Similarly, the top crypto...
Simplified KYC Means DeFi Compliance Without Compromising On Privacy
5.3.2024
It’s almost impossible to remain anonymous in the traditional financial world because banks and other financial institutions will always demand some form of identity before they do business with anyone. That’s in stark contrast to crypto and decentralized finance, where users interact via their...
Cardano (ADA) investors tap into DeFi titans presale at $0.0091
4.3.2024
The strategic move by Cardano (ADA) investors to engage with Option2Trade (O2T) underscores a larger trend of strategic diversification and collaboration in the cryptocurrency space. As both Cardano and Option2Trade continue to evolve, the synergies and shared visions between these communities...
Bernstein Expects DeFi to Make a Big Comeback
4.3.2024
Six out of the top ten revenue-generating protocols are DeFi applications, the report said
EigenLayer’s TVL reaches $10 billion, indicating a DeFi peak
4.3.2024
EigenLayer has experienced remarkable growth, as evidenced by the significant increase in asset value from $1.1 billion at the beginning of the year to an extraordinary $10 billion, equivalent to approximately 2.93 million ether. This surge reinforces the growing confidence and interest...
Uniswap Governance Votes Unanimously to Empower UNI Holders With Protocol Fee Rewards
3.3.2024
In a landmark governance decision, Uniswap’s community has voted unanimously in favor of a proposal to reward UNI token holders who stake and delegate their tokens. The upgrade, aimed at revitalizing the protocol’s decision-making process, has garnered overwhelming support with over...
Value Locked in Defi Nears $100 Billion Milestone Amidst Broad Market Uptick and Lido Dominance
2.3.2024
Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $80 billion mark, and since that point, it has expanded by an additional $11.66 billion. As it hovers above the $91 billion threshold, the TVL is approaching the $100 billion milestone, a figure...
$400 million in ETH Withdrawn from Blast L2 Network Following Mainnet Launch
2.3.2024
Around $400 million in Ether (ETH) has been withdrawn from the Ethereum layer-2 network Blast after the launch of its mainnet.
The post $400 million in ETH Withdrawn from Blast L2 Network Following Mainnet Launch appeared first on Cryptonews
DeFi Exploits in February Cause Losses of $82 Million With Just $1.3 Million Recovered: Report
1.3.2024
A report sent to Cryptonews by web3 app and antivirus solution De.Fi noted that $82,287,101 was lost in February 2024 from security incidents, with just $1,325,932 recovered.
The post DeFi Exploits in February Cause Losses of $82 Million With Just $1.3 Million Recovered: Report appeared first...
Supra’s DORA price feeds positioned on Hedera
1.3.2024
Supra proudly introduces decentralized Oracle pricing feeds via their DORA protocol, which is implemented on Hedera. This will enable decentralized applications (dApps) to utilize real-world data, empowering users to make informed decisions. Additionally, it will increase the dependability...