The past seven days saw the total cryptocurrency market capitalization increase by around $35 billion, and the industry continues to recover from the multitude of bankruptcies in 2022. Some argue that...
Tag: DeFi
Russia’s Sberbank plans to launch Ethereum-based DeFi platform by May
The stage of ‘open testing’ for a platform built by Russia’s Sberbank that is based on Ethereum’s decentralized finance (DeFi) system will begin in March of this year. What’s more, the launch of the p...
Fantom Gets Shining Endorsement From ‘DeFi King’ Andre Cronje
The Fantom scalable layer-1 network has been outperforming its crypto brethren recently. FTM prices are on fire, but what is driving the momentum? Momentum and narratives for high-throughput layer-1 n...
A New Approach to DeFI
press release PRESS RELEASE. KyotoSwap.io is the first decentralized exchange (DEX) on Binance Smart Chain that allows anybody to create a verifiable positive impact at little to no cost. As a result,...
DeFi enjoys prolific start to 2023: DappRadar report
Decentralized finance (DeFi) protocols experienced a boom in total value locked across different staking pools in January. The market hit $74.6 billion worth of staked assets, increasing by 26% from D...
Solana DeFi protocol Everlend shuts down over liquidity issues
Solana decentralized finance (DeFi) protocol Everlend Finance is closing down its operations and urging clients to withdraw funds from the platform. The company announced the decision on Twitter on Fe...
DeFi Protocol Everlend Announces Shut Down Citing Liquidity Shortage
10 hours ago | 2 mins read Defi News Everlend has changed its app to a withdrawal-only mode. The protocol’s codebase was also made public. Everlend, a DeFi borrowing and lending platform based on Sola...
Web3 Builders Reveals Suite of Tools to Combat DeFi exploits
Users of decentralised finance (DeFi) have expressed a significant amount of anxiety over the system’s vulnerability to exploitation. According to a research published by Privacy Affairs, cyberc...
Solana-based DeFi platform Everlend Finance shuts down
Everlend Finance, a Ukrainian DeFi lending aggregator on the Solana blockchain, has shut down its front-end app due to shrinking liquidity in the market. The platform joins a growing list of Solana De...
How to demystify DeFi
Although the learning curve for using decentralized finance (DeFi) is steeper than with centralized exchanges, DeFi and its use of immutable smart contracts open up prospects for a more inclusive worl...
Another Solana DeFi Lender Sends Users Packing with Their Funds
EverlendFinance has asked users to take their funds elsewhere as it shuts down. The protocol controlled $400,000 at the peak of its operation. Last month, two Solana NFTs announced their departure to ...
Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse – Defi Bitcoin News
The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a...
DeFi project AllianceBlock suffers multi-million dollar hack
AllianceBlock has lost millions of dollars to hackers in a fresh attack that saw 110 million ALBT tokens stolen from Bonq, a Polygon-powered decentralized borrowing project. Bonq exploited AllianceBl...
Solana DeFi lender Everlend Finance shuts down its app citing liquidity crunch
Solana-based DeFi lending protocol Everlend Finance has shut down its app platform, despite having sufficient runway to continue operating in the current business environment, the team said on Feb. 1....
$110 Million Stolen From DeFi Protocols BonqDAO and AllianceBlock
Self-sovereign financial services provider BonqDAO has been exploited through an oracle hack leading to the theft of $110 million in crypto from the protocol. During the exploit, the attacker managed ...
DeFi to target $7 Trillion Global Foreign Exchange Market
Foreign Exchange, the backbone of the world economy, is a $702 trillion global currency market. Even with lackluster performance in recent times, the crypto industry is looking to get a piece of the p...
DeFi Startup TheADA Sets to Boost Accessibility to NFT Staking
Advertisement     TheADA, a DeFi startup seeking to build a decentralized and scalable protocol for NFT staking, revealed it is on a relentless mission to make NFT sta...
Dexalot Launches First Hybrid DeFi Subnet on Avalanche
St. Petersburg, Florida, 1st February, 2023, Chainwire Dexalot’s novel infrastructure enables users to access a decentralized trading protocol with a centralized exchange experience Decentralized cryp...
First Hybrid DeFi Subnet is Launched by Dexalot on Avalanche
Launching on an Avalanche Subnet, the decentralized cryptocurrency exchange Dexalot represents a new breakthrough in the development of decentralized trading protocols. Without sacrificing decentraliz...
DeFi protocol Archimedes raises $4.9 million in seed funding
Archimedes, a decentralized lending and borrowing protocol focused on leverage, raised $4.9 million in a seed funding round. Hack VC led the round, with Uncorrelated Ventures, Truffle Ventures, ...
Arbitrum DeFi protocol shows promise, but is it bankable in the long run
MUX protocol saw promising growth in trading volume and fees. The protocol’s native token MCB shot up by 6% at press time. MUX Protocol, a decentralized perpetuals exchange, made players in the DeFi a...
Analyst Says Three DeFi Altcoins Are Flashing Strength Amid Crypto Pullback, Updates Outlook on Bitcoin
A crypto strategist says he’s keeping a close watch on three decentralized finance (DeFi) altcoins that he believes are showing strength amid the market consolidation. Pseudonymous analyst Altcoin She...
Cake DeFi Launches Verified Proof of Reserves
Decentralized finance (DeFi) has experienced a surge in popularity over the past few years. With its promise of financial freedom, many people have looked to DeFi as a way to move away from traditiona...
Crypto prices flat, while Dogecoin rallies
Crypto prices remained mostly flat after the market opened on Tuesday, with Dogecoin rising significantly by 8.1%, outperforming the top 10 coins. Bitcoin fell 0.3% to $23,117 around 9:50 a.m. E...
Get Ahead of the Game: The 6 Most Exciting DeFi Projects in 2023
Shibarium, a layer-2 scaling solution for Shiba Inu is inching closer to its beta launch. Woo Network and GMX have made announcements on their twitter handles regarding the developments being undertak...
Arbitrum-Based Vest Exchange Emerges, Aims to Democratize Perpetual Futures – Defi Bitcoin News
A new decentralized exchange (dex) on Arbitrum, called Vest Exchange, was announced this past weekend, and the team that created the project said the platform aims to focus on democratizing perpetual ...
Uniswap (UNI), PancakeSwap (CAKE) And Orbeon Protocol (ORBN) Push The Boundaries Of DeFi Technology
DeFi technology is just scraping the surface of its overall potential. In less than a decade, it’s been applied to a number of industries including gaming, finance and data storage, with more applicat...
LayerZero CEO denies accusations of critical trusted third-party vulnerabilities
LayerZero CEO Bryan Pellegrino denied accusations that LayerZero — in connection with its Stargate bridge — has two critical trusted third-party vulnerabilities. “It’s 100% factually incor...
Top Defi Coins To Buy in 2023; Best Picks For February
Published 2 days ago Top Defi Coins To Buy in 2023: Following a remarkable recovery in the first few weeks of 2023, several Defi coins have gone into a temporary consolidation phase. However, a minor ...
Arbitrum-based DEX Vest comes out of stealth with seed round from Jane Street, others
Vest Exchange came out of stealth and revealed plans to launch a decentralized perpetual futures exchange on the Arbitrum network. The exchange has closed a seed round for an undisclosed amount ...
Secret Labs and Secret Foundation battle it out openly
Guy Zyskind, founder and CEO of Secret Labs, raised a number of questions around the past operations of the Secret Foundation and its founder Tor Bair. Both entities support the Secret Network, a priv...