Layer-2 adoption could spur the next crypto turning point
A mysterious Redditor may turn out to be clairvoyant with predictions that layer-2 scaling solutions on Ethereum will take center stage in the coming months. Go to Source Powered by WPeMatico
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Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy
The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the total value locked (TVL) in defi has plummeted from $231 billion to today’s $112.29 billion, losing 51.38% in 42 days. Defi TVL Plunges More Than … Read more
Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the last seven days. Defi Protocols Shed Considerable Value Decentralized finance (defi) … Read more
Total Value Locked in Defi Takes a Hit Losing $21 Billion in 6 Days
Over the last six days, the total value locked (TVL) in decentralized finance (defi) has dropped 9.21% from a high of $232.88 billion on April 5, to today’s $211.43 billion. The value locked in defi protocols shed 4.40% of that value during the last 24 hours. Value Locked in Defi Shudders This Week While the … Read more
Total Value Locked in Defi Nears Lifetime High, Ethereum’s TVL Dominates by 54%
On Sunday, April 3, the total value locked (TVL) in decentralized finance (defi) has risen to $231 billion. The TVL is nearing the all-time high (ATH) of $256 billion recorded on December 2, 2021, as it’s only 10.82% under the TVL’s ATH. Additionally, while Curve Finance continues to dominate in terms of TVL, the defi … Read more
Klaytn token down 15% in a month, but network’s TVL shows resilience
KLAY’s market cap is roughly 70% below its all-time high, but the network’s TVL and DApp data hint that the service-oriented blockchain might bounce from its lows. Go to Source Powered by WPeMatico
Hacker Siphons $3 Million Worth of DAI and ETH From Defi Protocol Deus Finance
Another decentralized finance (defi) protocol was breached this week after it was discovered that a hacker exploited the bilateral over-the-counter (OTC) derivatives platform Deus Finance. According to a post mortem Twitter thread published by the security firm Peckshield, Deus lost around $3 million worth of ethereum and the stablecoin DAI. Attacker Steals $3 Million From … Read more
‘100x Lower Than L1 Fees’ — Alchemy Integrates Ethereum L2 Product Starknet to Increase Web3 Scalability
According to the startup Starkware, the team’s Ethereum layer two (L2) service Starknet has been integrated by the blockchain API and node service Alchemy. Developers can now leverage Alchemy’s infrastructure tools alongside Starknet’s zero-knowledge (ZK) rollup technology. Israel-Based Startup Starkware Partners With Alchemy On Monday, the blockchain startup Starkware announced the team has inked a … Read more
KyberSwap DEX launches on later two network Arbitrum
The decentralized exchange has moved onto Arbitrum to help users get around Ethereum network congestion and expensive gas fees. Go to Source Powered by WPeMatico
Value Locked in Defi Sheds $55 Billion in 2 Months, Ethereum’s Defi Dominance Loses 14%
The crypto-economy has been sliding in value during the last 48 hours as the current market valuation for all 13,000+ crypto assets is $1.83 trillion. Furthermore, the total value locked (TVL) in decentralized finance (defi) protocols has slipped below the $200 billion mark to $196.02 billion on Sunday morning (EST). Meanwhile, Ethereum’s dominance is 55.54% … Read more
