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Monad Devnet Launches with Scalability Promise – Could it Push Ethereum Technology to New Heights?
14.3.2024
Ethereum-compatible blockchain Monad launches its devnet, demonstrating potential for 10,000 transactions per second in testing. The project's parallelized EVM architecture offers greater throughput and developer compatibility.
The post Monad Devnet Launches with Scalability Promise – Could it Push...
Swell Forms a Coalition with Altlayer and EigenDA
14.3.2024
Swell has struck a deal with Altlayer and EigenDa to introduce its Layer 2 rollup for restaking. Working upon its $1 billion in the form of TVL throughout its staked LST and LRT, Swell’s Layer 2 will be involved in liquid restaked assets on EigenLayer. Swell’s rollup will play the role of...
Layer-2 Blockchain Blast Grinds to a Halt During Ethereum Dencun Upgrade
14.3.2024
A Blast block explorer reported that the Blast network had encountered a disruption in block production due to the Ethereum Dencun upgrade.
The post Layer-2 Blockchain Blast Grinds to a Halt During Ethereum Dencun Upgrade appeared first on Cryptonews
House Panel Chairman Tells CFPB to “Go Back to the Drawing Board” Over Stringent Crypto Oversight Proposal
14.3.2024
House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion Chairman French Hill (R-AR) lambasted the Consumer Financial Protection Bureau (CFPB), telling the independent government agency to “go back to the drawing board” regarding an oversight proposal that would...
How COTI V2 Benefits from the Ethereum Dencun Upgrade
13.3.2024
COTI V2, a privacy-centric Layer 2 solution built on the Ethereum network, is expected to grow exponentially due to its close link to the Ethereum blockchain. As the Ethereum ecosystem strives for optimal performance, security, and scalability, COTI V2 is also readily aligning itself with...
Astar zkEVM positioned live on the DEX
13.3.2024
Astar zkEVM is now positioned live on the DEX, for which QuickSwap intends to further the acceptance of Astar Network’s zkEVM chain via its DEX framework. For the dragon community, this is indeed a landmark happening. Astar zkEVM was created as a Supernet to speed up the mass acceptance of Web3...
Solend expands DeFi horizons with Suilend on Sui Blockchain
13.3.2024
The team members of Solend, a DeFi lending protocol on the Solana blockchain, have delivered Suilend, its initial project beyond the Solana ecosystem. Suilend utilizes the DeFi knowledge of the team members differently, using the Move programming language and the potential and high level tools...
PancakeSwap V4 Unveils $3 Million CAKE Airdrop
12.3.2024
Decentralized exchange PancakeSwap has announced PancakeSwap V4 and an airdrop campaign to celebrate it.
The post PancakeSwap V4 Unveils $3 Million CAKE Airdrop appeared first on Cryptonews
Curve Finance Plans to Increase AMM Fee, But For Good Reasons
11.3.2024
There is a new proposal to raise the Automated Market Maker (AMM) fee in LLAMMa (crvUSD), a liquidity pool, on Curve Finance, a leading decentralized exchange (DEX) popular for stablecoin swaps.
The post Curve Finance Plans to Increase AMM Fee, But For Good Reasons appeared first on Cryptonews
Uniswap Community Rejects Governance Proposal to Distribute Revenue to UNI Token Holders
11.3.2024
The Uniswap community has rejected a governance proposal that aimed to introduce changes to the platform's fee mechanism, including allowing the distribution of revenue to token holders.
The post Uniswap Community Rejects Governance Proposal to Distribute Revenue to UNI Token Holders appeared...
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
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 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...
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
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...
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...
$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...
Floki staking TVL peaks at $137 million
28.2.2024
Floki announced surpassing the previous high in terms of staking, with the tokens worth $137 million, effectively leaving circulation. Users have staked the tokens in the Floki Staking Program and broken the previous high of $105 million, which was recorded less than 24 hours ago. The community...