After recording yet another ATH on the charts, one well beyond $1,800, Ethereum currently has its eyes set on the $2,000-mark. While quite a few of its on-chain metrics are flashing positive signs, other noticeable concerns are creeping up as well. The culprit here, according to many, is a familiar foe (fee*). Source: Coinstats Ethereum...Read More
Yearn.Finance team has opened a Maker vault with native tokens YFI from the treasury. The team said on 9 February on Twitter that Yearn has also minted 9.7 million DAI tokens from the vault, thus restoring the yDAI vault and allowing the DeFi project to repay victims. In the wake of Yearn.finance’s recent hack, project...Read More
The founder of DeFi Pulse, Scott Lewis, has taken it to Twitter to reveal that the founders of 1inch Exchange have been permanently banned from their spaces. In a Twitter thread shared an hour ago, the founder of the most popular DeFi monitoring resource, DeFi Pulse, has said that the founders of 1inch Exchange have...Read More
In what is more good news for the crypto-ecosystem, Ethereum, the world’s largest altcoin, surged past yet another milestone on the price charts, with ETH breaching the $1,800-mark to post a new ATH. Corresponding to the price hike, ETH’s market cap also exceeded $200 billion for the first time recently. It should be noted, however,...Read More
As of last week, Ethereum’s native crypto surprised the market as it reached another all-time high above $1,700, on 5 February. Following this, many in the crypto space began to think that the asset could become more established. Especially with the expected launch of ether futures contracts from CME. Even though the second-biggest cryptocurrency by...Read More
DeFi or the Decentralised Finance industry witnessed massive progress in the year 2020. This implanted the faith in the investors about DeFi tokens. With many DeFi assets coming to the arena and some of them providing great returns, it is time for us to evaluate the top DeFi tokens in a bit of detail and...Read More
The explosive growth of DeFi assets was for all to witness back in Summer 2020, and the narrative is picking traction yet again. Back in 2020, Yearn Finance or YFI was leading the rally but now other assets are picking up popularity points as well. However, the trend might be shifting towards a collective exposure...Read More
In an unfortunate turn of events for supporters of the DeFi Money Market Foundation, the DMM token plummeted in value as the team behind it revealed they cease all operations due to regulatory concerns. DMM Ceases Operations The DeFi Money Market used to be a loans platform and it received some serious attention within the...Read More
This week was undoubtedly an altcoin party. Even though Bitcoin is up quite a bit in the past seven days, it was altcoins that stole the show, charting major increases almost every single day. Let’s start with BTC, though. It began the week at around $34,000 and was rather indecisive in the first few days,...Read More
Open source DeFi Protocol’s Aave token (AAVE) reached a new all-time high of $520 with a 45.5% surge in price in the past 24 hours. In the last seven days, the DeFi token saw a 76% spike in price. Source: Trading View AAVE, which is the 15th largest coin by market cap, increased to the...Read More
To best understand the crypto-space, it is also important to understand the notion of competition that drives it. Like the emergence of “Ethereum Killers” over the past few years, the DeFi space too is seeing protocols and projects going head to head, trying to one-up each other. Uniswap, one of the pioneers of the Automated...Read More
With over $32 billion of total value now locked into DeFi protocols, it is a well-established fact that 2020 has been the year of DeFi and this trajectory is only expected to continue into 2021. Maker accounts for 18% of this TVL and still remains the most actively developed DeFi protocol. However, those numbers are...Read More
DeFi’s market cap hit an all-time high in excess of $40 billion earlier today, with TVL in DeFi protocols touching $30 billion. Despite the $40 billion dollar market cap, however, many argue that it is still relatively early days for the DeFi space. The same was recently highlighted by the DeFi Alliance’s Qiao Wang. Kinda...Read More
Chainlink has been the center of attention lately, with the protocol in the news following a host of recent integrations and collaborations. It is in the news again after an official announcement revealed that Chainlink has officially joined UNESCO’s Global Education Coalition. According to the said announcement, the aim of this partnership is to “increase...Read More
Bitwise added AAVE and UNI to the Bitwise 10 Large Cap Crypto Index (BITX) that tracks the total return of the 10 largest crypto-assets, as measured and weighted by free-float market capitalization. These assets were added as part of Bitwise’s January month-end rebalance, in response to the growing demand for decentralized services. Bitwise CEO Hunter...Read More
The off-chain decentralized computation platform Cartesi has launched a layer-2 solution to work on top of the Ethereum blockchain. The so-called Optimistic Rollups aims to decrease the high transaction fees by orders of magnitude and support scaling by taking computational demands off-chain. Cartesi’s Optimistic Rollups For The ETH Network The Ethereum network, arguably the most...Read More
DeFi has seen a lot of growth and hype over the past year. 2020, in retrospect, had a lasting impact on the cryptocurrency ecosystem. It saw both historic lows and highs with regard to Bitcoin’s valuation, along with gargantuan growth for the DeFi space. In fact, according to data from DeFiPulse, DeFi’s total value locked...Read More
With nearly 90% of investments located in its Bitcoin Trust, Grayscale could be providing new diversification products to its institutional investors. Recent filings in Delaware revealed that the company has registered for new cryptocurrency products for the privacy-oriented coin Monero and three DeFi tokens – Polkadot, Cosmos, and Aave. According to the filings made by...Read More
UNI prices reached their highest ever levels of $15.50 a few hours ago according to Coingecko. The move has added 5% on the day while most other high cap crypto assets are retreating in the shadow of their big brother. UNI has now made a whopping 60% over the past seven days and almost 300%...Read More
Ever since last summer, the DeFi space is booming. The total value locked in various protocols has surged to more than $24 billion, up some 4000% in less than a year. But there’s one challenge that many believe is hampering the further growth of the space – sky-high ETH gas fees. The Booming DeFi Space...Read More
Stablecoins were adding $100M in market capitalization nearly every day back in June 2020. When expressed in big picture terms, the cumulative market capitalization rose from $9.4B in June 2020 to $35.4B in January 2021. On the contrary, DeFi projects’ TVL hiked by over 2500% from June 2020 to January 2021. Now, though DeFi projects’...Read More
Venture capital coin is flowing into DeFi like never before as another trading platform hits its target for fundraising. The non-custodial Ethereum-based exchange dYdX has announced that it has raised a $10 million Series B round led by Three Arrows Capital and DeFiance Capital. New investors include Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group,...Read More
Ethereum prices reached their highest ever levels during Monday morning’s Asian trading session, coming just shy of $1,500. Bigger price predictions have been made by some of the industry’s top players. A few hours ago, several exchanges including Binance reported their highest ETH prices at around $1,475 but the asset has retreated a little since...Read More
SushiSwap the popular DEX in the DeFi ecosystem has seen quite a few developments in the past few months. The SushiSwap token has also mirrored this growth and registered gains amounting to over 170 percent since the start of 2021. At press time, SUSHI has a trading value of over $7.2 is ranked 46th on...Read More
Bridging the gap between traditional finance and DeFi protocols seems to be the need of the hour, and Chainlink’s recent integrations seem to be facilitating just that. Blockchain-powered Fintech company COTI recently launched a new Crypto Volatility Index (CVI) for DeFi, one that enables traders to profit from market volatility. The company is in the...Read More
It’s been a good 12 months for the DeFi ecosystem. Not only did the sector’s TVL climb to exponential heights, but its total market cap ($16.5 billion) also overtook that of XRP’s ($10.66 billion) recently, according to data from Messari. In fact, the last few weeks also saw XRP, one of the old stalwarts of...Read More
Bitcoin has most certainly garnered mainstream attention and this time it is in a good way. More than that, BTC’s adoption has soared through the roof, especially due to the largescale entry of institutional funds. BTC enthusiasts have always used “Bitcoin is better than gold” as a sales pitch but now, institutions have too. Sharing...Read More
The leading cryptocurrency exchange Binance has teamed up with an Israeli blockchain company called Orbs to be the first core sponsors of a DeFi-related program. Dubbed DeFiOrg accelerator, it aims to enhance the research, development, and community engagement in the decentralized finance field. Binance And Orbs Sponsor DeFi Accelerator The Malta-based digital asset exchange announced...Read More
Decentralized exchange Mettalex has integrated Chainlink price feeds into its platform, according to an announcement earlier today. Chainlink’s integration will enable decentralized price oracles for a variety of new assets including cryptocurrencies, crypto indices, real-world indices, fiat currencies, and the world’s most popular commodities. Mettalex will also be able to utilize Chainlink’s price feeds on...Read More
An exploit has been discovered on yCredit, only a day after the protocol was launched, according to sources. IMPORTANT The yCredit contract is vulnerable to an economic attack that can cause loss of all user funds. If you deposited into the contract using Etherscan or bought yCredit on Sushiswap, withdraw or sell it immediately. I’ll...Read More
