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Stride’s new staking protocol raises dYdX stake: A new economic boom
19.3.2024
To help secure its network, the multichain liquid staking protocol Stride is encouraging the dYdX community to stake 20 million DYDX ($67 million) from its community pool using Stride 2. A revolutionary measure has been taken to enhance the economic security of members of the dYdX community...
Migration of Native USDC on Polygon PoS is Now in Its First Phase
19.3.2024
As a consequence of the community’s feedback, native USDC went live on Polygon PoS in October 2023. It was hypothesized that adopting a conventional approach would result in increased user exposure and efficient capital utilization. USDC.e, an abbreviation for “Bridged USDC from...
Hana declares Multichain Restaking Trinity with Eigenlayer and Babylon
18.3.2024
Hana Network, the gateway for EigenLayer and Babylon, is pleased to announce the multichain restaking trinity. Hana Network has always focused on user onboarding apps, and it is also known as a Proof of Stake blockchain built on the Cosmos SDK and Tendermint consensus engine. Hana is a very popular...
Solana’s DeFi TVL skyrockets 80%: SOL’s next move?
18.3.2024
The Solana blockchain has shown a real feat, seeing its decentralized finance (DeFi) total value locked (TVL) increase by almost 80% in the last month alone, jumping according to DefiLlama’s data. This remarkable hike displayed the Solana TVL at the highest level in two years, marking...
Offchain Labs’ ArbOS 20 Atlas lowers Arbitrum transaction costs
15.3.2024
Offchain Labs has introduced ArbOS 20, which has been given the codename ‘Atlas.’ ArbOS Atlas will significantly decrease the transaction fees associated with Ethereum Layer 2, which is one of the most significant outcomes. The revolutionary ArbOS 20 Atlas is all set to bring innovative changes...
Space and Time to introduce its network on zkSync hyperchain
15.3.2024
Space and Time (SxT), a decentralized data warehouse utilizing AI to instruct its data models, will introduce its network on a zkSync hyperchain. Blockchain networks are known to function in warehouses and have restricted interoperability with other chains. zkSync hyperchains address the issue...
Paul Frambot, CEO of Morpho Labs, on DeFi 2.0, Modular Layered Protocols, and The Next Evolution of DeFi | Ep. 318
15.3.2024
Morpho Labs CEO Paul Frambot discusses how the four co-founders raised millions for Morpho, what changes to DeFi the protocol aims to bring, how he envisages the next phase of DeFi, why the Morpho team opted for a minimalist approach, contrary to the current DeFi trend, and why DAOs are not suited...
Arbitrum Seeks DAO Approval for $400 Million Gaming Ecosystem Fund
15.3.2024
Arbitrum Foundation proposes a $400 million gaming catalyst fund to the DAO for community endorsement, aiming to invigorate its blockchain gaming ecosystem over two years.
The post Arbitrum Seeks DAO Approval for $400 Million Gaming Ecosystem Fund appeared first on Cryptonews
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...