Binance DEFI (DEFI) News

Wormhole, a cross-chain protocol, reported that it was hacked. As a result of an exploit, around 120.000 wETH was lost. Wormhole said that the protocol will add Ethers over the following hours to make sure that wETH is backed 1:1. Later, the protocol went down for maintenance and for the team to...

In a recent interview with Bloomberg, the CEO of crypto-focused investment firm Galaxy Digital, Mike Novogratz talked about cryptocurrencies, NFTs, DeFi, the policy of the US Federal Reserve System, and what developments he expects. The businessman finds the lowest level that Bitcoin may fall is...

Crypto gaming, metaverse-related, and DeFi tokens increase in price amid the growing popularity of the sphere. Here are 4 cryptocurrencies that hit new all-time highs today: Crypto.com Coin (CRO) In the last 7 days, the CRO price went up by over 100%, setting a new all-time high of $0.94 on...

Interest in the blockchain and crypto industry has been increasing. As reported by data tracker DappRadar, the sector's quarterly growth is 25%, and yearly growth is 509%. In total, the number of Unique Active Wallets reached 1.54 M daily. Q3 was a diversified interval with the advancement of...

On July 26, NY-based leading bank Goldman Sachs filed with the SEC to launch an ETF that would give exposure to investment data that closely reflect, before charges and expenses, the movements of the Solactive Decentralized Finance and Blockchain Index. In the part describing main investment...

Blockchain data indexing protocol The Graph has released two new products for dapps: The Graph Explorer and Subgraph Studio. Today we're launching curation alongside two new products: Graph Explorer & Subgraph Studio!Now anyone can curate data & seamlessly publish subgraphs in a...

Revolutionary decentralized exchange UniSwap deployed its contracts for the release of v3 to Ethereum's all four testnets. The platform plans to launch its version 3 on May 5, 2021. Ethereum's testnets are Görli, Kovan, Rinkeby, and Ropsten, which are used by developers to check the smart contract...

Decentralized public blockchain Cardano's native token ADA has surpassed $1 for the second time ever. The first time dates back to January 2018, when the price reached $1.40. This year there has been a bullish trend for the cryptocurrency. Since February it was up by 200%. At the moment, ADA...

Filecoin aims to create a decentralized future for the web. Funded by a $ 257 million coin offering completed in September 2017, The Web 3.0 data storage project has since expanded its technology. For now, the main part of the world's information is managed by several firms, such as Google,...

After a raise of popular Defi protocols, newer tokens have begun to go higher. In the past 24 hours, SushiSwap’s SUSHI token surged 30% becoming the fastest growing crypto-asset in the top 100 by market capitalization. The growth is connected with strong technical upgrades for the cryptocurrency...

Yearn.finance is one of the projects that profited most in the last 24 hours after a huge rally. It is up about 27% to price at $18,790. YFI has a market cap of $549.9M with a 24-hour volume of $783.95M. Lately, the decline beat a market lower at $8,000, enabling bulls to move their focus higher....

During a speech at the LA Blockchain Summit, Justin Sun stated that Tron is the best blockchain for Decentralized Finance (DeFi) protocols, most of which run on Ethereum today. “We are building the same DeFi ecosystem as Ethereum,” Sun said. “Tron has its version of all broadcast products....

On September 14 YFI, the governance token of Yearn.finance will be listed on Coinbase Pro. The token is pretty popular and now is trading at $34,271. Its market cap is $1 billion. All this success was recorded despite Andre Cronje's introduction that the token has no value. There is no need to buy...

According to the analytical resource DeFi Pulse, $ 6 billion worth of cryptoassets is currently blocked in decentralized finance (DeFi) smart contracts. Back on Friday, August 14, this figure was $ 5 billion. The leading projects are Maker, Aave, and Curve Finance, with a total amount of blocked...

Ethereum transaction fees recently hit a new high. However, the collapse of the Yam Finance crypto project, deployed in the DeFi ecosystem, caused the cost of operations to fall. According to the ETH Gas Station service, Ethereum commissions are now about 60% lower than they were in the middle of...

Huobi Group, the owner of the Huobi cryptocurrency exchange, is launching a new fund for investments in the Decentralized Finance (DeFi) market. Charlene Wu, who previously worked in the investment department of China Merchant Bank International (CMBI), a subsidiary of one of the largest Chinese...

The total amount of funds frozen in the services of the decentralized finance (DeFi) sector exceeded $4 billion. The most popular asset remains Maker, whose dominance index is over 30%. According to the latest data, Maker accounts for $1.23 billion of all funds held in smart contracts, protocols,...

The volume of funds blocked in the MakerDAO DeFi protocol reached $1 billion for the first time, strengthening the project's leading position in the decentralized finance market. This is evidenced by data from the DeFi Pulse. Over the past day, this figure has increased by 6.7%. Blocked funds have...