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DeFi News


DeFi is a big trend in blockchain technology nowadays, and it’s becoming more and more popular every month. If you are seeking the latest news related to decentralized finance technology, companies that have adopted it, and many other innovations, then you have come to the right place. Blockchain Today is providing readers with the most accurate DeFi news and not only. Subscribe to our newsletter not to miss the most interesting articles about this new technology.


DeFi platforms hit $210 billion

DeFi TVL Surged Over $200 B First Time in History

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Cryptocurrencies and the DeFi industry have seen massive growth in the first week of October. According to data aggregator DeFi Llama, the total value locked in DeFi platforms hit $200 Billion for the first time in history. Currently, the indicator stands at above $210.4 billion. Ethereum continues...

Mirror Protocol open publishing

Mirror Now Allows Decentralized Publishing for Everyone

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Today, decentralized synthetic assets platform Mirror announced the opening of the publishing option to everyone. This means that instead of username and password, people need to connect their Ethereum wallets and that data is stored on decentralized storage. Based on the Terra blockchain, Mirror...

DeFi Compound bug

Compound Price Falls After a Major Bug Causes Loss of Funds

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Recently, DeFi lending and borrowing protocol Compound has been facing problems. It all started when a system upgrade has gone wrong. On October 1, the news came that over $90 M was sent to users accidentally. Compound CEO Robert Lesher urged people who received tokens, send them back. Otherwise,...

dYdX governance token

Decentralized Exchange dYdX Released Its Governance Token

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Ethereum-based Layer 2 protocol dYdX released its governance token on September 8. The airdrop surpassed $100.000. dYdX exchange was launched in 2017. It offers users decentralized derivatives, margin, and spot trading. According to data from DeFi Pulse, the total value locked in the platform...

Ethereum

Ethereum keeps leadership by number of deployed DeFi projects

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The value of funds locked in DeFi protocols is approaching $ 175 billion. Projects representing the decentralized finance market are deployed across multiple blockchains. In addition to Ethereum and Binance Chain, they are launched based on the Polygon, Solona, ​​Fantom, Terra, Avalanche, and...

DeFi Uniswap SEC

US SEC to Start an Investigation of Major DeX Uniswap

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The US regulatory agency began to investigate Uniswap. The news was published by The Wall Street Journal on September 3. Source of the information is "people familiar with the matter", the media platform says. As stated in the post, the SEC wants details on how Uniswap Labs arranges...

OKEx

OKEx announced the launch of the NFT trading platform

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On September 2, the well-known cryptocurrency exchange OKEx announced its intention to launch the so-called DeFi hub and NFT trading platform. Thus, OKEx intends to significantly strengthen its decentralized cryptocurrency ecosystem, which will also include NFT - the market for non-financial...

SEC

SEC wants a service to monitor transactions in the DeFi market

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The head of the Securities and Exchange Commission (SEC), Gary Gensler, has previously repeatedly stated the need to regulate relations in the cryptocurrency industry. According to him, special attention should be paid to monitoring the situation in the market for decentralized financing DeFi. At...

DeFI hack Cream Finance

Cream Finance Suffered $25 M Flash Loan Attack

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Cream Finance Suffered $25 M Flash Loan Attack Decentralized lending and yield farming network Cream Finance’s v1 market on Ethereum chain suffered a flash loan attack today. The platform informed about the exploit via twitter, posting that it resulted in a loss of 418,311,571 in algorithmic...

DeFi TVL new high

DeFi TVL Reached a New High of $157 B

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Data provided by DeFi TVL aggregator DeFi Llama revealed that total value locked in various chains reached a new high surpassing $157 B. The highest mark was on August 22, despite Bitcoin’s and Ethereum price being over 26% lower than their peaks. The DeFi space continues to grow with industry...

Luna Yield

The developers of Luna Yield stole $ 8 million from investors

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DeFi protocol Luna Yield, powered by Solana blockchain, suddenly stopped working a few days after launch. The website and social networks of the project are disabled. Its developers have withdrawn about $8 million from the protocol. The Luna Yield team ran an IDO on the SolPAD platform on Monday,...

DeFi

Bloomberg launches DeFi indicator

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The value of funds locked up in the DeFi decentralized finance market has come close to $ 121 billion this week. The leading projects in this ecosystem are UniSwap, Terra, and ChainLink, which accumulated $ 15.742 billion, $ 12.044 billion, and $ 11.621 billion, respectively. Interest in the DeFi...

Gensler

Gensler: Many DeFi projects cannot be called decentralized

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According to Gary Gensler, who heads the SEC, not all projects deployed in the DeFi market are decentralized. Many of them are completely centralized, the official stressed. At the same time, Gensler acknowledged that most of the protocols are indeed decentralized. It is on them that the DeFi...

Vitalik Buterin about DeFi governance

Vitalik Buterin Says the DeFi Governance Needs to be Changed

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Ethereum co-founder Vitalik Buterin says the token-based voting system of DeFi platforms must move forward. On August 16, he released a blog post on decentralized governance. Referring to the importance of DevGov in the industry, Buterin also mentioned the flaws of token-based voting. Among the...

Poly Network hacker

The Hacker of Poly Network Refused $500.000 “Bug Bounty”

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DeFi interoperable platform Poly Network, which was hacked a few days ago, offered hackers a $500.000 bug bounty. The attack resulted in removing $610 M from the network. Afterwards, the platform contracted the hack's initiators via Twitter and they sent back most of the funds via several...

Poly Network DeFi hack

Hackers Returned $342 M of Stolen $613 From Poly Network

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On August 10, one of the DeFi's largest hacks ever took place which resulted in stealing around $613 M from the cross-chain protocol Poly Network. After the case, the network contracted hackers via Twitter calling on to return the seized funds. The attacker answered via Ether transaction note,...

Institutional investors

Institutional investors become more engaged in DeFi tokens

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Analysts at Genesis Global Trading drew attention to the growing interest of institutional investors in Ether (ETH) and tokens deployed based on the DeFi market. Moreover, in a study published by experts, it is noted that financial institutions have become less likely to enter bitcoin products....

DeFi

Sharp jump in network activity in DeFi market is recorded

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In a study by the ConsenSys team, the number of ETH addresses interacting with DeFi protocols expanded dramatically in the second quarter of 2021. This show in the reporting period soared by 65%, analysts said. The total number of wallets deployed on ETH increased by 10% in the last quarter....

DeFi has become a new trend in the world of blockchains and cryptocurrencies. Finance is always about tracking and analyzing, no matter if it's decentralized or centralized. Now, you have an opportunity of reading about innovations of DeFi technology, how can anyone make use of it, or how various companies are trying to get from DeFi all the advantages it has. 2020 is the year of DeFi. More and more companies are starting to implement this technology into their daily flow. That's why it is becoming necessary to be aware of the technology and its modifications. Our Cryptopedia will help you find out additional information about the DeFi technical side and other details. Find Blockchain Today on social media platforms to discuss the most interesting topics with our community.