defi

March 3, 2024

Blast: 7 of the Hottest Projects and Airdrops on the Ethereum Scaler

In the rapidly evolving world of Ethereum scaling solutions, excitement is brewing around “Blast,” a promising new Layer 2 project. Positioned to address the high transaction fees and congestion plaguing Ethereum, Blast utilizes optimistic rollup technology to process vast quantities of transactions off-chain, significantly reducing costs and improving speed. Additionally, Blast has launched a series of airdrops targeting early adopters, further fueling its popularity. Seven highly anticipated projects currently leveraging Blast include Dexible, Lyss, RandomDagger, Sidechainlist, Spacetroller, xLend, and YALL Platform, showcasing Blast’s versatility and the vast potential within its ecosystem.

February 22, 2024

Superfluid unlocks new revenue streams with $5.1M funding

Through a $5.1 million seed funding round led by Polychain Capital, Superfluid, a DeFi liquidity infrastructure company, aims to streamline the distribution of fungible tokens. This pioneering effort will enable one-to-many token distribution across various DeFi applications, facilitating new streaming use cases in the ecosystem.

October 16, 2023

: A secure, reliable way to store data. Securely store data with Nostr Protocol: reliable, trustworthy, and easy.

The emerging Nostr Protocol is revolutionizing data privacy protection and enabling secure global communication. This groundbreaking decentralized network offers users unprecedented control over their personal information, ensuring anonymity and thwarting surveillance. Its potential to reshape the digital landscape is undeniable, making Nostr a force to be reckoned with in the pursuit of internet freedom.

October 12, 2023

3 Catalysts Behind Chainlink’s Recent Surge

The recent surge of the cryptocurrency Chainlink can be attributed to three catalysts. First, strong performances of its competitors; second, the increasing popularity of decentralized finance; and third, corporate adoption of its services.

October 10, 2023

Spark Protocol expands to Gnosis: revolutionizing DeFi.

Protocol Village, a protocol building platform developed by Spark Protocol, is be expanding beyond Ethereum to also include Gnosis. This move marks a major step in the platform’s mission to accelerate the growth of decentralized finance.

October 9, 2023

DeFi lost $758M in Q3-2023. What happened?

Q3-2023 saw the Decentralized Finance (DeFi) ecosystem miss out on an estimated $758M in potential value. Analysts have speculated that a lack of liquidity and the failure to capitalize on upstart trends were to blame for this missed potential.

September 26, 2023

UAE: DeFi leader in MENA; Chainalysis report confirms.

The UAE is leading the way in decentralized finance (DeFi) adoption among Middle Eastern and North African (MENA) countries, according to a new report from Chainalysis. This pioneering move stands to further expand the use of cryptocurrencies in the region.

September 26, 2023

Activist traders turn Shiba Inu Developers’ dummy token into reality.

Activist traders have taken an online joke and turned it into a reality; a Shiba Inu-themed cryptoasset, dubbed ‘SHIB’ has burst onto the digital asset scene. Initially floated as a parody token, SHIB has now been taken up as a legitimate asset backed by a verifiable source of cryptoeconomic demand.

DeFi Protocol Linear Finance Suffers Liquidity Drain in LUSD Token Attack

September 22, 2023

LUSD token attack drains liquidity from DeFi protocol Linear Finance.

Linear Finance, a DeFi protocol pegged to stablecoins such as USDC, experienced a severe liquidity drain caused by an LUSD token attack. The attack caused significant losses in the platform’s liquidity pool, leading to a sharp drop in value.

September 20, 2023

DeFi protocol Balancer reports web front end “under attack”.

Balancer, a decentralized finance (DeFi) protocol, has warned of attempted attacks on its web frontend. The attack could cause a brief outage, but the Balancer team said they are taking necessary measures to ensure users are unaffected.