Second layers will save the day in 2021, bolstering Ethereum and DeFi
In 2021, we’re likely to see a lot of crypto industry players adopt sidechains and parachains to provide a better experience for their users. Go to Source Powered by WPeMatico
defi
Auto Added by WPeMatico
Study: 60% of Digital Asset Holders Store Funds on Exchanges While Half Derive an Income From Crypto
Despite the risks that come with storing crypto assets with third parties, the findings of a new study suggest many cryptocurrency holders still trust exchanges with the safekeeping of their funds. Conducted by Binance Research, the study finds that 60% of “the general population store their cryptocurrencies on an exchange.” In contrast, 26% of the … Read more
Crypto crime dropped 57% in 2020 but DeFi hacks surged: CipherTrace
Crypto crime rates are dropping despite a massive increase in attacks targeting the DeFi sector, reports security firm CipherTrace. Go to Source Powered by WPeMatico
LuaSwap using TomoChain for backend transactions
Automated token exchanger LuaSwap is cutting costs by employing a second-layer alternative to transacting on the heavily crowded Ethereum mainnet. Go to Source Powered by WPeMatico
Mark Cuban calls token valuations “inflated” shortly after NFT mint
While apes rejoiced at the sight of DeFi bags in Cuban’s addresses, he might be preparing for a bearish future. Go to Source Powered by WPeMatico
DeFi in the spotlight as legacy brokerages break down
As retail trust in the stock market comes under strain, DeFi developers champion an alternative system Go to Source Powered by WPeMatico
1INCH price rallies 30% as its monthly DEX volume nears $6 billion
The total value locked at 1inch is closing in on $1 billion and the decentralized exchange aggregator has processed nearly $6 billion this month. Go to Source Powered by WPeMatico
DeFi liquidity pools, explained
Liquidity pools offer passive income opportunities to investors — but how do they work? Go to Source Powered by WPeMatico
RSK users won’t have to pay transaction fees with new integration
IOVLabs wants to improve on Ethereum’s meta-transaction adoption. Go to Source Powered by WPeMatico
Finance Redefined: What can you do about those gas fees? Jan. 20–27
Fees are a DeFi user’s nightmare. How can you pay less? Go to Source Powered by WPeMatico