Top 5 DeFi Projects With the Highest TVL (June 2022)

Software protocols that run on top of a blockchain network like Ethereum or Cosmos are called DeFi projects. To automate financial services, these projects use the underlying protocol technology and novel innovations.

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Polygon (MATIC) Jumped 32%, Price Might Be Undervalued amid Its Increasing Adoption by Leading DeFi Projects

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NAOS Finance raises $5.1M in private sale to accelerate development of its revolutionary DeFi application

NAOS Finance, one of the most exciting DeFi projects in 2021, recently announced that they successfully closed a private funding round, through which they raised $5.1 M from strategic investors. This success is an indication of investor confidence in the project as only a few projects have managed to raise such a huge amount.  The […]

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Report shows governance of most DeFi projects is still centralized

In a recent report by Monday Capital and DappRadar, the top holders in many Defi projects still control higher amounts of the token. Their analysis of governance proposals and token distribution revealed the same in most of the prominent Defi projects.

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Chainlink oracles to bolster AML measures for Coinfirm’s DeFi solution

London-based Coinfirm will now utilize Chainlink’s market-leading oracle service to provide anti-money laundering (AML) tools for DeFi projects, it said in a release Wednesday. The post Chainlink oracles to bolster AML measures for Coinfirm’s DeFi solution appeared first on CryptoSlate.

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Kraken CEO: ‘Defi Scams’ Must Take Their Losses as Way to ‘Enlightenment’

Jesse Powell, chief executive officer of the world’s fourth-largest crypto exchange Kraken, has criticized decentralized finance (defi) projects, accusing them of being “scams” that enter the market too quickly, unprepared.

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ConsenSys finds massive DeFi yields are “number one threat” for Ethereum 2.0 upgrade

Decentralized finance (DeFi) protocols have attracted billions of dollars worth of crypto capital this year alone, with investors oft-punting on projects that promise sky-high yields and other avenues that promise returns.

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Eight more projects jump on board Open DeFi

The global DeFi alliance launched a western arm as eight new top projects commit...

The post Eight more projects jump on board Open DeFi appeared first on Coin Journal.

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A DeFi Future Unveiled at Virtual Ethereum Hackathon

Decentralized finance (DeFi) has been the center of attention at this year’s ETHGlobal conference which was held completely virtual this year. A raft of new, innovative concepts and projects has been unveiled at the event, demonstrating what the future of DeFi could hold.

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Total Value Locked in Harvest Finance Surpasses $1 Billion, Up 366,200% Since September

Decentralized platform Harvest Finance that provides users a way to farm assets for the highest yields now has more than a billion dollars in total value locked (TVL), as per DeFi Pulse. A few days back, Wrapped Bitcoin (WBTC) captured third place by overtaking popular DeFi projects Aave, Compound, and Curve Finance.

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Founder of DeFi’s Yearn.finance (YFI) just launched another Ethereum experiment

Yearn. finance (YFI) founder Andre Cronje is full of ideas, even after he managed to roll out one of the most successful crypto projects in history. The post Founder of DeFi’s Yearn.

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Beyond DeFi: A Fair Launch for All?

Beyond DeFi, NFTs, and Bitcoin’s recent breakout, everyone has been talking about “Fair Launch” lately. But what exactly is it and what are its implications for cryptocurrency projects? A fair launch offers participants the opportunity to acquire a token usually over a long period of time at a relatively equal price. A stated goal of […]

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Bitcoin Is First and Most Popular DeFi Product, Anthony Pompliano Says, Here's Why

Bitcoin maxi Anthony Pompliano calls BTC the first and most popular DeFi product, explaining why real DeFi projects are not good for investors and the market

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How DeFi Can Avoid the Irrelevance of P2P Lending and Crowdfunding

To avoid the fate of other p2p projects, DeFi protocols need incentives and feedback loops so users choose open-source over closed systems.

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DeFi Audit Firms Seeing ‘Overwhelming Demand’ Even Amid Token Price Slump

Overbooked audit firms are “rejecting” DeFi projects for code checks as the young sector wallows in its first bear market.

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Wrapped Bitcoin (WBTC) Beats Aave & Curve to Become the Third Largest DeFi Project

Bitcoin on Ethereum continues to grow at warp speed, reaching above $1. 6 billion, on pace with 145k BTC. Several projects like renBTC, imBTC, HBTC, TBTC, pBTC, and sBTC are putting BTC on the second largest network.

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How the DeFi Craze Made Its Way to China

DeFi is booming in China, with startups adapting and building on popular western projects within the nation's active crypto economy.

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Half of Ethereum’s circulating supply has been still for a year

Ethereum has seen great network activity over the past several months, mostly due to the DeFi sector, as well as other coins and projects, smart contracts, dApps, and more. However, when it comes to its own circulating supply, more than half of it has not moved for over a year, according to recent reports.

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Binance to fund six DeFi projects developing on its Smart Chain

After Binance CEO Changpeng Zhao (CZ) said that the firm was pro-innovation in the DeFi space, his cryptocurrency exchange announced today that it would fund six DeFi projects building on its BinanceThe post Binance to fund six DeFi projects developing on its Smart Chain appeared first on AMBCrypto.

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Six Binance Smart Chain DeFi projects awarded grants from $100M fund

More than 180 projects have applied for grants since the $100 million accelerator fund was announced in September.

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OKCoin becomes the latest exchange to move in on DeFi

As the DeFi sector continues to rise and attract attention, countless major exchanges have already listed numerous of its projects. The likes of Binance, Gemini, Coinbase, and many others have already added some DeFi projects.

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DeFi Pulse unveils safety ratings to allow users to compare risk

DeFi Pulse and Gauntlet have released a new tool to improve users’ risk awareness of major DeFi projects.

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UniFi raises $1 million from Chain Capital, Consensus Labs and others

It looks like blockchain interoperability is trending again especially when several DeFi projects wanting to take advantage of Ethereum bridges to overcome high gas fees and network congestion. One suThe post UniFi raises $1 million from Chain Capital, Consensus Labs and others appeared first on AMBCrypto.

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Sologenic, Tokenized 40K+ Stocks, And The Upcoming DeFi x SOLO Event of 2020

Decentralized finance (DeFi) has been the most prominent trend across the cryptocurrency and blockchain space throughout 2020. These blockchain-based alternatives to traditional finance have enabled crypto investors to earn ‘yields’ on their token lendings, borrowings, pool liquidity stakes to fund projects, and much more.

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Avalanche to Host MoneyDance: Virtual Hackathon, Summit, and Demo Day with $37K in Prizes

It’s no secret that decentralized finance (DeFi) is growing faster than ever. Established protocols are reaching unicorn status, while new projects are attracting hundreds of millions of dollars in The post Avalanche to Host MoneyDance: Virtual Hackathon, Summit, and Demo Day with $37K in Prizes appeared first on AMBCrypto.

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SEC Commissioner Peirce Chats About DeFi, Tokens and Her Unikrn Dissent at LA Blockchain Summit

While Peirce steered clear of commenting on specific DeFi projects like SushiSwap, she pointed out that issuers of governance tokens do have to think about how they share characteristics with equities.

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Miners Push Ethereum Hash Rate to New Record High Amidst DeFi’s Explosive Dominance

DeFi’s explosive dominance has given room for many Ethereum projects to thrive and the Ethereum network as a beneficiary of this rapid growth has not been left out. Once again, the buildup in network activities has propelled the hash rate to a new all-time high.

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Zilliqa (ZIL) enters the DeFi sector with its new DEX

Crypto projects are rushing to join the DeFi sector left and right, and each in its own way. For Zilliqa (ZIL), that means launching a brand-new decentralized exchange based on its blockchain. The exchange will function similarly to Uniswap, in the sense that it will offer a liquidity system and an automated market maker.

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DeFi tokens have retraced an average of 60% since August/September highs

Some popular projects are as much as 90% down since September highs Tokens in... The post DeFi tokens have retraced an average of 60% since August/September highs appeared first on Coin Journal.

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4 Underdogs of DeFi that you might want to consider

The decentralized finance (DeFi) market has exploded in 2020, especially during the summer of this year. Numerous projects that have extremely high potential have already been released, with many more in the pipeline.

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XRP’s Most Recent Rejection From A Crucial Pattern Hints At Further Weakness

XRP had a rough 2020, peaking initially at $0. 33 in February but losing more than $4 billion in market capitalization following the pandemic. In terms of market dominance, it has been even worse as many new cryptocurrencies, notably DeFi projects have seen massive gains.

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DeFi tokens are oversold but revenue and TVL show traders expect a bounce

The pullback in the value of Yearn.finance and Aave signals that the DeFi market may be oversold but increasing revenues of the top projects suggests otherwise.

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Band v. Chainlink - Why are DeFi projects reversing their position?

Band and Chainlink are both building infrastructure that enables interoperability of smart contracts, and while these are two leading oracle projects in their own right, the rivalry and drama between The post Band v.

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Smart Contract Protocol RSK Attempts to Bring Defi to the Bitcoin Network

During the last year, Ethereum has dominated the decentralized finance (defi) ecosystem but a number of other blockchain projects plan to join the fray. The second layer, smart contract protocol RSK aims to bring the defi demand to the Bitcoin blockchain and there’s already a few RSK-based defi projects in the wild.

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Binance May Adapt Its Business Model in Long Term to Tag with DeFi

Coinspeaker Binance May Adapt Its Business Model in Long Term to Tag with DeFiDeFi-based projects are continuing to surge and their total value locked has reached about $11 billion. Therefore, Binance, the world’s leading crypto exchange, has decided to adjust its business model to tag with the DeFi ecosystem.

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Algorand: The Dark Horse of Crypto World

Introduction Ethereum continues to be the de facto choice for most crypto projects. However, its scalability limitation and overcrowding have forced many crypto projects, especially the DeFi ones, to seek other alternatives.

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Crypto Exchange Gemini Makes an Aggressive Move, Adds 15 Hot DeFi Tokens

DeFi is all the rage in today's crypto world, and no one wants to be left behind, especially cryptocurrency exchanges. Over the past few months, we saw these exchanges rushing to DeFi space – in the fastest ever listing of these tokens, a complete U-turn from the past few years when crypto projects had to […] The post Crypto Exchange Gemini Makes an Aggressive Move, Adds 15 Hot DeFi Tokens first appeared on BitcoinExchangeGuide.

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MedicalVeda Announces a Defi Based Medical Health Care Protocol

MedicalVeda, a Canada based medical-tech company, has recently announced a strategic partnership with ExMarkets — a leading launchpad for blockchain projects. Under this partnership, MedicalVeda will offer its native token i.

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Degens for Hire: Based.Money Is Launching Moonbase, a Place for DeFi Projects to Find Community

BASED has a new method for aligning decentralized finance (DeFi) projects with each other. At its core is a smart contract called Moonbase.

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How many DeFi projects still have ‘God Mode’ admin keys? More than you think

The vast majority of DeFi projects still have the ability to enter ‘God Mode’ and unilaterally make changes to pretty much everything.

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DeFi projects rush towards Layer 2 as Ethereum clogs up

Leading DeFi protocols are rushing to implement Layer 2 to ease the burden of high gas fees.

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Winklevoss Rubbishes Similarities Between DeFi and the ICO Bubble

Many have drawn similarities between DeFi and the ICO craze of 2017, and it’s easy to see why as well. To begin with, both operate(d) primarily on the Ethereum network. However, it’s the flood of fly by night projects that links the two in the minds of many.

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Opinion: DeFi rush differs from ICO bubble

Cameron Winklevoss, co-founder of Gemini cryptocurrency exchange, expressed disagreement with the widespread opinion that the DeFi market boom is similar to that one of ICOs in 2017. According to him, unlike ICO projects, DeFi protocols are already working.

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Binance Innovation Zone to Let Select Users Trade New DeFi Tokens

Coinspeaker Binance Innovation Zone to Let Select Users Trade New DeFi TokensThe new development comes just moments after Binance was criticized that it usually lists DeFi projects as soon as they are launched without giving projects time to prove their market credibility.

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Uquid Launch the Defi Shopping Stake (DSS) and Defito Finance (DTO)

The trouble with many current DeFi projects is that while they eliminate traditional institutions from the mix, they instead transfer ultimate control over to a select group of insiders who have their financial motives and agendas.

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Ethereum’s daily transactions break 2018 record

The DeFi boom brought all attention of the crypto industry to Ethereum’s blockchain, as investors rushed to find the newest and most popular projects to invest in. The interest has skyrocketed so much that Ethereum’s blockchain just recorded a new ATH in terms of daily transactions.

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DeFi project starts a fight between exchange CEOs

Jay Hao, the CEO of a major crypto exchange OKEx, recently bashed Binance’s CEO, Changpeng Zhao. The drama emerged over the recent listing of a token belonging to a DeFi projects, SushiSwap and BakerySwap.

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OKEx CEO slams Binance’s Changpeng Zhao for promoting questionable DeFi projects

Jay Hao did not mince words in disparaging Binance for strategies he referred to as "irresponsible."

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Founder of Ethereum DeFi coin that surged 1,000,000% throws weight behind new project

Yearn. finance — a popular Ethereum-based DeFi protocol — has become one of the most talked-about crypto projects over recent months as its native coin YFI has surged over 1,000,000 percent since its July launch.

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