DeFi News

California-based crypto venture company Dragonfly Capital established another fund valued at $225 M to invest in various crypto-related undertakings. In a post published on March 26, the company mentioned it considers mainly investing in four sectors: DeFi networks, NFT market, Ethereum Layer 2...

Initiated today, Polkadot-powered decentralized insure marketplace Tidal Finance runs a Balancer LBP. The process will last three days and end on March 27. LPB is a liquidity pool on Balancer that allows parts to issue tokens over it. On March 23, the protocol carried out an IDO via Polkastarter...

The launch of the third version of the leading non-custodial exchange Uniswap will take place on May 5. The developers also promised to implement a second-level Optimism solution for scaling shortly after the release of the new version of DEX. One of the main innovations of the new puncture -...

The popularity of the DeFi market is growing at a rapid pace. In the fall of last year, there was a surge of interest in this ecosystem, as evidenced by data from Google Trends. However, the largest number of searches on the World Wide Web dedicated to decentralized finance was recorded at the...

On March 7 leading asset manager Grayscale announced launching five altcoin trusts. Livepeer (LPT) was among them. After this, the price of the token gained 500% and reached a new all-time high of $32 on March 20. Now the token trades at around $23.88. Grayscale's Livepeer trust now holds $7.1 M...

Data from DeFiPulse shows that the amount of Ethereum locked in DeFi protocols and smart contracts has surpassed a new all-time high of 9.6 million. Calculating with the current price, it's equal to around $16.5 B. This is around 8.3% of the token's overall supply, which is nearly 115 million...

DeFi platform Tron has been attracting more users. According to data provided by TRONSCAN, the entire number of active accounts hit 25 million. Statistics refers also to DApp Chain (Sun Network), which is 2-way pegged to Tron. The blockchain is one of the most used public networks presently....

On March 11, an NFT issued by digital art creator Mike Winkelmann, who is known as Beeple was traded for $69 M via an online auction managed by Christie’s. The latter is a major British auction House. It was the first time when a digital work selling process was organized by a big auction...

Major Bitcoin lending companies BlockFi, Celsius Network, and Nexo beat new records. On March 11, crypto trading and loan providing platform BlockFi announced raising $350 M in Series D funding headed by Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global. A day...

Blockchain-based decentralized platform Polkadot (DOT) has been making progress during the previous months as the multi-chain internetworking tokens have increased 625% since December. Its open interest surpassed $573 M. Many believe interoperability among blockchains to be an effective answer to...

Ethereum-based permissionless decentralized exchange (DEX) QuickSwap has drawn over $106 million worth of liquidity since February. 🚨 GO TIME, meme team! We are at $106,000,000 pool liquidity on $quick. $500 giveaway ends this Friday!!! Quote tweet your meme below and use the hashtag #QUICK100M...

The decentralized finance market is shaping a fundamentally new economy, said Bianco Research President Jim Bianco. In his opinion, DeFi will deal a devastating blow to the traditional banking system, from which it will no longer be able to recover. Bianco likened this ecosystem to the internet...

Decentralized exchange protocol 1inch went live on BSC. 🦄 Crossing the hell of burned #Ethereum lands our hero stumbles upon the mysterious yellow portal. No one knows what secrets it holds, but the intense heat from molten #shitcoins surging right from the #blockchain depths forced #1inch...

The DeFi decentralized finance market is expanding rapidly. Therefore, it must be introduced into the legal field, says SEC Commissioner Hester Peirce. She is often called the "crypto mama" as she periodically advocates for the early legalization of the cryptocurrency industry. The...

The decline in prices in the crypto market has led to the second largest number of liquidations in the DeFi ecosystem. The DeFi liquidations occurred concurrently with the fall in the price of bitcoin below the $ 50,000 mark. Of the liquidations totaling about $ 24.1 million, approximately $ 13.7...

Blockchain-based DeFi platform Tron holds a hack fest on its 5th anniversary. Tron has been making great progress. On August 18, 2020, TRON-powered crypto exchange JustSwap was launched. On December 7, the network released the lending platform JustLend. At the moment, the total value locked in...

On February 15, the entire volume of UniSwap's transactions surged above $100 B. The founder of the DEX, Hayden Adams posted the news on Twitter. 🦄 @Uniswap just became the first decentralized trading platform to process over $100b in volume - an exciting milestone for DeFi 🚀...

Popular Reddit group SatoshiStreetBets is aiming to issue its crypto asset to members. The forum describes itself as the crypto version of WallStreetBets. It will use the created SatoshiSwap (SAS) tokens as a means of governance. Members will receive them as a reward for Reddit posts. Besides, SAS...