DeFi TVL reaches 1-month high, leading protocols surge

2024-9-23 14:44

The total value locked in decentralized finance protocols has reached its one-month high as the broader crypto market recovers. According to data provided by DefiLlama, the global DeFi TVL is currently sitting at $87.3 billion — a level last seen…

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Bitcoin’s Fixed Supply Makes The Primary Beneficiary In Times Of High Fiat Inflation- Bloomberg’s Strategist

Bitcoin’s YTD performance of 45.95% in 2020 is impressive despite high volatility and underperformance in comparison to other digital assets like Ethereum and DeFi tokens. However, as the most dominant coin in the crypto market, Bitcoin serves as the point of reference for analysts’ evaluation of the crypto market vs. the traditional market. In a […]

2020-9-25 17:02


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Binance’s New Yield Farming Protocol PancakeSwap Promises Staking and Low Transaction Fees

Binance launched another yield farming protocol, PancakeSwap, a new platform that will enable users to provide liquidity using BEP20 tokens on the Binance Smart Chain. While acknowledging that the DeFi market doesn’t need another food-based yielding protocol, Binance stated that PancakeSwap introduces a new staking feature and will eliminate the high transaction fees problem on […]

2020-9-25 11:15


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Survey: Large Number of Yield Farmers Can’t Read Smart Contracts Despite High Risk

A new Coingecko survey has found that a large number of yield farmers do not know how to read smart contracts despite claiming they understand the risks that come with such investments. According to the survey, which polled 1,347 people, around 40% of decentralized finance (defi) users cannot comprehend the smart contracts they use for […] The post Survey: Large Number of Yield Farmers Can’t Read Smart Contracts Despite High Risk appeared first on Bitcoin News.

2020-9-23 04:00


Nexus Mutual Sees Active Cover Growing 10x, Now Token Price ‘Directly Linked to Adoption’

“DeFi is developing faster than you can say ‘protect me from the risks in DeFi’,” said Kayleigh Petrie, Director of Engagement at Nexus Mutual, an Ethereum based insurance protocol. Given the sector’s high risk, high gain motto, it makes sense the need for insurance coverage is growing in line with the sector, which has yet […] The post Nexus Mutual Sees Active Cover Growing 10x, Now Token Price 'Directly Linked to Adoption' first appeared on BitcoinExchangeGuide.

2020-9-19 19:10


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Ontology (ONT) is Taking on DeFi With a Decentralized Identity Solution

High performance, open-source blockchain Ontology announced a new product suite as it looks to make its mark on the decentralized finance (DeFi) space, according to a press release. Ontology Goes the DeFi Way Specializing in digital identity and data, Ontology launched a new decentralized identity solution earlier this month, making it easier and more secureRead MoreRead More.

2020-9-10 20:00


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Thanks to meme coins, Solana’s daily revenue reached new ATH

The meme coin mania helped Solana — also called the Ethereum killer — accumulate a record amount of fees and revenue. The popular proof-of-stake blockchain collected $11.8 million in fees in 24 hours, surpassing Ethereum’s (ETH) $6.32 million, according to…

6 Solana protocols crossed $1b TVL 

For the first time since Solana launched, six SOL-based platforms held over $1 billion in user deposits. According to DefiLlama data, Jito (JTO), Kamino, Jupiter (JUP), Raydium (RAY), Marinade, and Sanctum all surpassed $1 billion or more on layer-1 blockchain…

Aerodrome tops $1b in TVL amid dominance on Base

Aerodrome has surpassed the $1 billion mark in total value locked as deposits into the liquidity protocol soared. Data from DeFiLlama shows Aerodrome, a decentralized exchange platform on the Base, saw its TVL rise by 22% in the past week…

Core becomes largest Bitcoin sidechain with $423m in TVL

Core has emerged as the largest Bitcoin sidechain as its total value locked surpasses the $400 million mark. According to data provided by DefiLlama, Core’s (CORE) TVL increased by over $100 million over the past 30 days and is currently…