The decentralized finance (DeFi) ecosystem has printed its highest Total Value Locked (TVL) today, riding on the back of the resurgence in the broader market. Per data from DeFi Llama, the TVL covering all blockchain protocols is now pegged at $223.23 billion, a massive uplift from the $21.4 billion recorded from January 1 this year.
Ethereum (ETH), the world’s largest decentralized blockchain network is attracting more small-scaled to medium-sized retail buyers according to on-chain trends. Data from Glassnode analytics shows that the Ethereum number of addresses holding 32+ coins has just reached a 5-month high of 109,188, confirming an accumulation trend that peaked about a week ago. 📈 #Ethereum $ETH
Lark Davis, famous New Zealand-based crypto analyst stated reasons for his bullish position on the DOT token of the Polkadot ecosystem on 10 October. A notable reason being the announcement of Polkadot Parachains by Dr. Gavin Wood. Polkadot (DOT), now viewed by many analysts as layer-0, allows developers to build smart contract blockchains like ETH
Launchpads came as a solution to mitigate the problems experienced in the DeFi sector. It’s becoming increasingly challenging for crypto projects to get into the mainstream spotlight. Launchpads act like a liquidity pool for projects. They are designed to assist upcoming projects gain exposure, garner crowdfunds and attract investors from various communities. Fundraising platform for
Funding is a big boost to any project but doubly so for startups. Any project looking to make it big especially in a competitive space like cryptocurrency will be hard pressed to do so without adequate capital. As such, Pontoon Finance, the project looking to bring liquidity to the dynamic DeFi space has completed a
Defi dominance has skyrocketed in 2021, with recent reports displaying a Total value locked in DeFi hitting an all-time high at $210.5 billion today, according to Defi Llama charts. This is exceptional growth, especially when compared to last year’s October 8 records displaying just $8.61 Billion Total Value Locked in Defi. India leads the Defi
Dawn Fitzpatrick, CEO, and CIO of the $27 billion Soros Fund Management announced that the investment management giant has been liquidating the $5 billion it had invested in March 2020 during the Covid-19 triggered market instability. Furthermore, Fitzpatrick noted that the company will be redirecting its investment into Decentralized Finance. Defi Dominance over the “mainstream”
Diving into the depths of cryptocurrencies can be a life-changing experience or a worst nightmare. With the cryptocurrencies gaining increased momentum, it would be half-witty to let go of an opportunity to capitalize on this booming industry. While diving into the nuances of crypto, DeFi is a hot seabed you dare to miss out on.
The Defi protocol on the Fantom network, StakeSteak suffered an exploit today of 80,636 FTM along with 81,351 USDC, amounting to, $196,439. According to a Post-mortem release by the protocol, the hack was caused by a private key that was scraped from one of its repositories on Github that had been there for over 5
Tezos ($XTZ), the sixth-largest Defi token by market cap hit a new all-time-high (ATH) of $9.18 as it extended its weekly gains over 35%. The Defi token has seen a 2X price surge since September end and the momentum has continued in October. The Defi token defied the market’s bearish trend towards the end of