defi

Polkadot (DOT) Leading the Trending Coins of This Week, YFV and YFL Behind

The last couple of weeks have been nothing short of intense on the cryptocurrency market. For the first time since 2016, an altcoin flipped Bitcoin’s price as YFI traded above 1 BTC. Polkadot (DOT) is currently all the rage as all eyes are turned on the project and its native cryptocurrency. Data from CoinGecko suggests...
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Over $12M Gas Fee Spent on Uniswap in August With Most Coming From USDT Transfers

The leading decentralized exchange has recorded more volumes in August than it did in July. Uniswap saw more than $300 million in trading volume over the past 24 hours and $2.5 billion in the last seven days, according to data on Dune Analytics. Uniswap Spends The Most Gas Fee Uniswap’s impressive volume is also putting...
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Dark Side of DeFi: Millions USD Worth of ETH Lost to Uniswap Rug Pulls

DeFi tokens continue to flood the markets as developers are minting new coins and listing them on Uniswap every day. While this might present an earning opportunity for some, the number of the so-called ‘rug pulls’ is also on the rise. Investors need to be extremely careful and selective when it comes to the tokens...
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6 Defi Tokens Priced Over $11000, Are these Defi Tokens Bitcoin Competitors?

Are these Surging Defi Tokens Bitcoin Competitors? The demand for Defi expanded as Decentralized Finance which is an Ethereum-based blockchain platform designed for lending has skyrocketed in recent days. Specifically, the price of one Defi tokens, YFI has also outperformed the trading value of the largest cryptocurrency, Bitcoin.  Moreover, a wave of Defi projects have...
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FTX Launches A Top 100 Uniswap Index Futures As DeFi Demand Grows

The cryptocurrency derivatives trading exchange FTX has launched a Uniswap futures index combining the top 100 pools on the Uniswap platform. At the same time, the company’s recently released DEX dubbed Serum focused on the growing DeFi trend, continues with new developments. FTX Lists a Uniswap Index FTX announced the launch of the Uniswap futures...
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Binance, Huobi, OKEx Announce Support for QTUM Offline Staking to Further DeFi Involvement in Asia

Binance, Houbi, and OKEx have revealed that they will support Qtum’s new offline staking feature, enabling users of the world’s largest exchange to earn QTUM rewards simply for hodling. Binance’s decision to support Qtum staking is a significant boost for the smart contract network as it embarks on a new phase in its development. In...
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How YFI is Returning $20 Million Annualized for Token Holders

Two months ago, Yearn was one relatively unknown decentralized lending aggregator among many emerging projects in the DeFi sector. From less than $10 million in total value locked into the protocol, it has exploded by over 7,500% to today’s TVL levels of $763 million. What’s more, its native governance token YFI has seen similar gains...
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Chainlink long-term price analysis: August 24

Chainlink aka Link’s run from March to August has been good, especially in terms of its price appreciation. The cryptocurrency went from being valued at less than $2 in March to being overvalued at $20. This exponential rise came at a time when defi was soaring. In part, the defi craze has to be the...
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$1 Billion Value Locked: Curve (CRV) Founder Takes 71% of Voting Power

The ethos behind DeFi has driven a move to full community governance in a democratic and transparent environment. However, as Curve Finance recently discovered, things do not always pan out as planned. In its first governance vote, Curve proposed a new liquidity pool for earning Compound’s COMP tokens and a couple of incentives for liquidity...
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DeFi Dangers: $130 Million At Risk Of Being Locked in YF Value (YFV)

Announced on August 16th, YFValue protocol is intended to deliver the true value of yield farming finance accessible to all users irrespective of their investment size. A little over a week later, however, it turns out that over $170 million worth of cryptocurrency in the protocol is at risk of being locked by a single...
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How to Use Uniswap: Guide and Must-Read Risks Before Swapping

The cryptocurrency field is going through different phases every year, and that’s only logical. As the industry progresses, more people get involved in it, bringing new solutions and technology to the table. In 2020, it’s safe to say that the hottest crypto trend is Decentralized Finance (DeFi). In a matter of months, this became the...
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Unraveling DeFi: An Interview With Synthetix About How Synths Work

Synthetix started as a stablecoin but soon pivoted to satisfy the needs of DeFi users. Nowadays, it serves as one of the leading DeFi projects offering the trading of currencies, commodities, stocks, and other assets. Trading stocks is still dominated by traditional financial centers, being heavily regulated, and hard to automate. The same applies to...
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Is the DeFi boom driving the Ethereum derivatives market?

DeFi has been a widely talked-about sector over the past few months. This is not at all surprising in light of the fact that DeFi’s market cap has risen exponentially over the summer. A look at DeFi Pulse’s charts clearly underlined the rate of growth since the TVL in DeFi had risen to $6.69 billion,...
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Bitcoin Fails To Break $12,000: The Weekly Market Report

This week has been quite the ride on the cryptocurrency markets, and, of course, Bitcoin was in the spotlight, at least for a while. The price started at around $11,700 and stayed there for a few days until Monday when we saw a significant move forward as BTC reached about $12,500. The cryptocurrency community was...
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Here’s why Ether lacks Ethereum’s pace

Digital assets are not taken lightly any longer. Many businesses are forming around it and the use of blockchain and crypto is developing every year. Now Bitcoin and Ethereum are the flag bearers but a majority of the public still fails to distinguish between Ethereum and Ether with clarity. Yes, the general crypto public is...
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A 3 Minute Guide to Wrapped Bitcoin – WBTC

Bitcoin is the largest and the most decentralized platform in the world. It is also the highest market cap cryptocurrency in the ecosystem by a large margin. But performing quick and affordable transactions using Bitcoin has long been a problem. But what if we can make our Bitcoin functional on the Ethereum (ETH) blockchain? Wrapped...
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YFI Keeps Up Great Momentum At 18% Daily Gain As RUNE, MIOTA Make Good Profits

The crypto markets are stabilizing a lot ahead of the weekend. Apart from YFI and limited other Defi tokens that are however pushing on hard, many others appear to have taken a pause out of the continuous bull run. Although analysis makes further profits in many altcoins, bitcoin seems to be maintaining up the pace...
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12,400% Growth in 1 Month: Yearn Finance Hits $1 Billion in Total Value Locked

Yearn Finance continues to make headlines and to exceed expectations within the field of decentralized finance (DeFi). After becoming the first altcoin after ZEC’s early days of trading to flip Bitcoin’s price convincingly, the protocol achieved yet another milestone today – it has over $1 billion in total value locked within its ecosystem. Yearn Finance...
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Ethereum: Don’t ignore the warning signs before the drop

Ethereum‘s price fell below $415 recently, and in doing so, it took the crypto-asset lesser time than it took when it was looking to climb that elusive range. While the crypto-asset was back above $400 at the time of writing, the latest price collapse in ETH’s value was far from surprising. Only a week ago,...
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The New Bitcoin: yEarn.Finance (YFI) Is Trading Above 1 BTC Ahead of The Split

As the DeFi and yield farming craze continues to entertain the cryptocurrency industry, the price of yEarn. Finance’s native token YFI has gone parabolic, surpassing Bitcoin’s by almost $1,000. This makes YFI the most expensive crypto asset in the market. 1 YFI = 1.15 BTC According to data on Binance, the DeFi token is trading...
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From YAM to Spaghetti: The New DeFi Trending Token Now Has $250M Locked

The DeFi space continues to amaze. Last week, the field was taken by a storm by an experimental protocol called YAM that attracted about $600 million in total value locked in less than two days. Now, despite YAM’s downfall, investors are putting big money in another meme protocol called Spaghetti Money to farm its native...
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Algorand To Facilitate DeFi App Creation With Major Network Upgrade

The Algorand Foundation and Algorand Inc have announced a significant upgrade to its layer-1 protocol that will enhance the platform’s abilities to power complex decentralized applications, including DeFi projects scalable to tens of millions of daily transactions with low fees. Algorand Protocol Update To Enhance DeFi Solutions The company announced the protocol upgrade in a...
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Yearn Finance (YFI) Just Broke a Record Not Seen Since ZCASH Launch In 2016

DeFi tokens are leading crypto markets to their highest levels in terms of total market capitalization for over a year. One of the top-performing digital assets at the moment is YFI, as it surges over 70% on the day to reach an all-time high at $12,821. It has become the only cryptocurrency since 2016 to...
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The New McAfee: Dave Portnoy Forgets About Bitcoin and Starts Shilling Low-Cap Altcoins To His 1.7M Followers

Less than a week ago, the influential legacy markets day trader Dave Portnoy, had a meeting with Cameron and Tyler Winklevoss – the founders of Gemini and well-known Bitcoin proponents. Even though he supposedly bought Bitcoin during their meeting, his enthusiasm for the primary cryptocurrency was shortlived. Now, Portnoy openly solicits cryptocurrency pump and dump...
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Ethereum Daily Transaction Count At A 2-Year High While Gas Fees Calm Down

The daily transaction count on the Ethereum network reached a two-year high with 1.27 million, which is the closest number displayed to the all-time high from January 4th, 2018, at 1.34 million. Simultaneously, the transaction fees have dropped significantly from the ATH marked just a few days ago. Ethereum Transaction Count At Near ATH With...
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Bitcoin: 4 reasons why we are in the early bull-run stage

How do we know we are in a bull run? Early 2017 did not show signs of what could occur by the end of 2017. However, bitcoin and the crypto ecosystem seems to be already in the bull run. Bitcoin has, briefly, breached the $12,000 level, however, failed to sustain it. Regardless, the bullish feeling...
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Bitcoin and the crypto-market have what DeFi doesn’t!

If one were to take a survey, chances are that most would agree that the last few weeks and months have been pretty good for the cryptocurrency market. Bitcoin, and with it, the rest of the crypto-market, seem to be on the up, with the memories of Black Thursday well behind it. However, that’s not...
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Report: DeFi is Majorly Responsible for Ethereum’s $8 Million Gas Fee Spike

As per the latest statistics, around $8 million was paid as fees to conduct transactions on the Ethereum network. That works out to be approximately 18,300 ETH. What is driving this humongous spike in gas fees? Research shows that it is due to the booming ‘yield farming’ craze. Gas Fees Tops $8 Million Led By...
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YAM Finance Announces Protocol Migration Plan: Will This Save The Crashing Project?

With YAM Financial’s token value almost at zero, the team behind the project has proposed a two-phase migration plan that could see an audited version. Two-Step Migration Process for YAM In a Medium blog post on Friday (August 14, 2020), the YAM Finance team announced plans for a planned migration to a new protocol called...
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Bitcoin’s Raging Week As Ethereum Breaks $400: The Weekly Market Report

This week was easily one of the most eventful ones in the cryptocurrency field in terms of overall developments, especially in the DeFi sector. Starting with Bitcoin, however, not much changed since last week. BTC price started trading at around $11,800 seven days ago, and it’s currently at roughly the same level. However, this doesn’t...
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Bitcoin (BTC) $ 96,675.90 0.94%
Ethereum (ETH) $ 3,412.09 1.27%
Tether (USDT) $ 0.999211 0.02%
XRP (XRP) $ 2.20 0.77%
BNB (BNB) $ 705.96 2.30%
Solana (SOL) $ 190.82 0.59%
Dogecoin (DOGE) $ 0.319896 0.83%
USDC (USDC) $ 0.999674 0.16%
Lido Staked Ether (STETH) $ 3,409.05 1.29%
Cardano (ADA) $ 0.903389 3.60%