Synthetix turns on layer-two alpha, launches Olympics betting on options platform
Users of the Synthetix-based Thales platform can now bet on the outcome of Olympic events. Go to Source Powered by WPeMatico
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PayPal set to launch crypto trading in the UK and may embrace DeFi
The global payments platform wants to let British customers trade crypto on its new “super app”. Go to Source Powered by WPeMatico
Altcoins pump while traders anticipate a lower support test from Bitcoin
RUNE, QNT and PERP continue to gather strength even as analysts expect a lower support test for Bitcoin price. Go to Source Powered by WPeMatico
Algorithmic stablecoins show promise of reducing volatility — ShapeShift
“Stablecoin experimentation is happening in real-time with billions of dollars at stake in this vast permissionless lab we call DeFi,” reads a new research report from ShapeShift. The author focuses on the rise of algorithmic stablecoins and their potential use cases. Go to Source Powered by WPeMatico
Solana based cross-chain exchange Saber raises $7.7M to expand team and tokens
Saber has raised $7.7 million in a seeding fund round, and is rated as the second platform on Solana in terms of total locked value (TVL) with $185.77 million. Go to Source Powered by WPeMatico
Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million
The number of users or unique addresses leveraging decentralized finance (defi) protocols via Ethereum has risen past 3 million according to recent statistics. A vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018. Ethereum Defi Applications See Unique Addresses Surpass 3 Million According … Read more
Traders anticipate ‘DeFi Summer 2.0’ after TVL and token prices rise
A rally in blue-chip DeFi tokens and the sector’s rising total value locked has traders hopeful that a prolonged rally will take place. Go to Source Powered by WPeMatico
ZKSwap’s V2 mainnet is set to go live tomorrow
ZKSwap’s V2 upgrades include unlimited token listings and faster withdrawal times. Go to Source Powered by WPeMatico
Here’s why DinoSwap’s (DINO) TVL rose above $330M a week after launch
High yield opportunities and a steady resurgence in DeFi tokens helped push DinoSwap’s TVL above $330 million just one week after launch. Go to Source Powered by WPeMatico
Stacks AMM Revealed, Native Bitcoin Swaps Executed With Proof-of-Transfer Protocol
According to a recent report, the first trust-less swap between the Bitcoin blockchain and Stacks protocol has been executed. The co-founder of the Stacks protocol, Muneeb Ali tweeted about the native bitcoin swap and said the progress is a big deal. Trust-less Native Bitcoin Swap Executed With an NFT Called ‘Boombox’ On July 23, a … Read more