Cross-chain Bridges – DIGIT INFO

Criminals more reliant on cross-chain bridges than ever after mixer crackdowns

The sanction of cryptocurrency mixer Tornado Cash in August caused the first major shift, but that is now accelerating even faster than projected.

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Forget about price! Polkadot Decoded 2023 says bear markets are for building

The mantra of this year’s Polkadot Decoded 2023 conference is to focus on building better products instead of worrying about token price.

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Blockchains need an interoperable standard to evolve, say crypto execs

Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says.

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TVL in Defi Slides Under $40 Billion, Tapping a Low Not Seen Since February 2021

The total value locked (TVL) in decentralized finance (defi) has fallen below the $40 billion mark for the first time since the first week of Feb. 2021. On Dec. 17, 2022, the TVL in defi is roughly $39.53 billion after dropping more than 4% in value during the past 24 hours. Value Locked in Defi […]

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Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed

On December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion. Moreover, during the past 12 months, the TVL in defi dropped 82.56% from roughly $239 billion in Dec. 2021, to today’s aggregate. Smart Contract Token […]

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Illicit cross-chain transfers expected to grow to $10B: Here’s how to prevent them

Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions.

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Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days

Value Locked in Defi Is at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days

Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the last 36 days. The total value locked (TVL) in defi protocols has dropped to $43 billion, the […]

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State of Decentralized Finance Remains Lackluster, Value Locked in Defi Slid 67% in 6 Months

State of Decentralized Finance Remains Lackluster, Value Locked in Defi Slides 67% in 6 Months

During the last 125 days or roughly four months, the total value locked (TVL) in decentralized finance (defi) has been range bound within the $50 billion to $65 billion region. The TVL in defi has shed significant value during the past six months as it dropped from $161 billion on April 1, down more than […]

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Report: Half of all DeFi exploits are cross-bridge hacks

Over $2.5 billion have been stolen from cross-chain bridges in the past two years.

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Binance-Backed Blockchain Completes Hard Fork to Mitigate Future Cross-Chain Bridge Hacks

The Bnb Smart Chain commenced the blockchain’s hard fork on October 12, at block height 22,107,423, in order to add a security patch to “mitigate the cross-chain infrastructure between [the] Beacon Chain and Smart Chain.” Binance and the Bnb Smart Chain suspended withdrawals and deposits on Wednesday in order to execute the upgrade. Not too […]

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