Category: DeFi
Circle will let Solana developers to use Gas Station to settle customer gas bills
Circle has formalized the integration of Gas Station and Programmable Wallets, expanding its Web3 Services to include the Solana blockchain. Both solutions seek to enhance the developer experience by streamlining…
Community ZkSync responds to the disastrous airdrop
Zero-knowledge (ZK) layer-2 network zkSync verified an airdrop for active on-chain participants one year after users initially dreamed of a governance token. More than 695,000 individuals will acquire 17.5% of…
DappRadar: DeFi Total Value Locked Soars to $192,000,000, Marking Best Performance in 15 Months
TVL, which stands for the total amount of money placed inside a protocol’s smart contracts, is frequently used to assess how well a cryptocurrency ecosystem is doing. The majority of…
Bridge for the L2 protocol of Bitcoin Alex loses $4.3 million due to dubious renovations
A study published on May 14 by blockchain security platform CertiK states that after a sudden contract upgrade, the BNB network’s Alex protocol bridge saw $4.3 million in fraudulent withdrawals….
This month, BlockFi will close its website; users can still access their money through Coinbase
Centralized lender BlockFi declared that following the closure of its web platform, qualified BlockFi clients will have access to cryptocurrency withdrawals through Coinbase. This agreement with Coinbase guarantees that holders…
Velvet Capital, a DeFi protocol supported by Binance, experiences a front-end attack
Hackers may have attacked Velvet Capital, a decentralized finance (defi) protocol that functions as an asset management dashboard, by taking advantage of front-end website weaknesses. The team noted in an…
Base develops an altcoin-specific DeFi lending market powered by Seamless Protocol
On Base, a Layer 2 created by the cryptocurrency exchange Coinbase, the DeFi lending protocol Seamless has opened up a loan market for cryptocurrencies. The first two tokens to enter…
Hedgey Protocol Faces $44.7M Loss in Dual Cyber Attacks
Hedgey Protocol, a decentralized finance (DeFi) platform, has encountered a severe setback as it grapples with the aftermath of dual cyber attacks that have resulted in a substantial loss of…
“The war on DeFi has begun,” says the cryptocurrency sector in response to the SEC serving Uniswap with a Wells Notice
The U.S. Securities and Exchange Commission served Uniswap UNI -17.095% Labs with a Wells Notice, signaling an impending litigation, as disclosed today. It should come as no surprise that the…
Meld Expands Offerings: Tokenized RWAs for Retail Investors
Crypto-friendly bank Meld is gearing up to introduce a novel opportunity for retail investors: lending and borrowing against tokenized real-world assets (RWAs). In collaboration with the layer-1 blockchain of the…
MakerDAO Adopts Temporary Fee Adjustments to Safeguard Dai Stability Amid Market Volatility
MakerDAO has swiftly implemented temporary fee modifications in response to a recent period of heightened market volatility and bullish sentiment, causing a notable decrease in the reserves of its dollar-pegged…
Injective Launches inEVM Layer 2 Rollup
Injective announces launch of inEVM is live on mainnet. inEVM allows Ethereum developers to launch their apps on Injective without having to change the code. Injective Protocol’s successful launch of…
Frax aims to take a reward snapshot and opens bridge access to the Layer 2 network Fraxtal
The DeFi project Frax Finance made it easier for individual customers to transfer money by opening a bridge to Fraxtal, its new Ethereum Layer 2 network. The network’s first restricted…
EigenLayer TVL crosses $11 billion, overtakes AAVE
EigenLayer, a restaking protocol, is now the second-largest protocol by total value locked (TVL), surpassing even the well-known decentralized finance protocol Aave. EigenLayer had decided to remove the network’s deposit…
Multichain to Wind up as Fantom Seeks Recovery of Missing or Frozen Assets
Fantom Foundation, a blockchain platform for decentralised finance has revealed on its blog that it intends to ask the court to dissolve Multichain Foundation in order to retrieve funds that…
Blast Network Faces 65% TVL Plunge, Losing $2 Billion Post-Mainnet Launch Amid Phishing Menace
In a swift turn of events, the Ethereum-based layer two blockchain, Blast, witnessed a staggering 65% decline in Total Value Locked (TVL) within just 24 hours of its mainnet launch…
Ethereum Layer 2 Blast Surpasses $2 Billion TVL Milestone Ahead of Mainnet Launch
In a significant milestone, Ethereum Layer 2 solution Blast has achieved a Total Value Locked (TVL) exceeding $2 billion as it gears up for its much-anticipated mainnet launch on February…
New DeFi loan contracts are revealed by Curve Finance
Curve releases new loan agreements Curve Finance’s introduction of lending contracts gives arbitrage traders new opportunities and the chance to perhaps make significant returns. Curve’s introduction into the competitive defi…
Surge in Liquid Restaking Tokens Hits $3.5 Billion as Ethereum Ecosystem Embraces EigenLayer
In a notable development, the total value locked (TVL) in liquid restaking tokens has breached the $3.5 billion mark, signaling a heightened interest within the Ethereum community. The surge is…
AltLayer Raises $14.4 Million for Expansion in Strategic Funding Round
AltLayer, a prominent decentralized protocol specializing in rollups, has successfully secured $14.4 million in a strategic funding round co-led by Polychain Capital and Hack VC. The funding, obtained in September…