Crypto Economy’s Rise Fuels Defi Sector to Surpass $100 Billion TVL

Crypto Economy's Rise Fuels Defi Sector to Surpass $100 Billion TVLThis week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at least 50%, fueled by the substantial rise in […]

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Ether Locked in Liquid Staking Platforms Skyrockets to $54.34B With a $26.85B Rise in 64 Days

Ether Locked in Liquid Staking Platforms Skyrockets to $54.34B With a $26.85B Rise in 64 DaysThe volume and worth of liquid staking derivatives (LSDs) have expanded significantly since the beginning of the year, with 1.56 million ether being added to LSD protocols since Jan. 6. The total value of ethereum stored surged by $26.85 billion in the last two months. LSD Market Flourishes: Ethereum Holdings Cross $54 Billion Milestone In […]

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Study: Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone

In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual attacks, with 12 incidents representing 85.71% of the total losses across targeted […]

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Navigating the Wormhole Airdrop: Defi’s Next Big Token Drop Explained

Navigating the Wormhole Airdrop: Defi's Next Big Token Drop ExplainedWormhole, a platform fostering blockchain interoperability within decentralized finance (defi), has unveiled plans for an airdrop of its proprietary token, W. The initiative is part of the protocol’s broader aim toward progressive decentralization, rewarding dedicated users and developers within the Wormhole ecosystem. Wormhole to Airdrop W Token to Advance Defi Interoperability Wormhole, a facilitator of […]

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Uniswap Governance Votes Unanimously to Empower UNI Holders With Protocol Fee Rewards

Uniswap Governance Votes Unanimously to Empower UNI Holders With Protocol Fee RewardsIn a landmark governance decision, Uniswap’s community has voted unanimously in favor of a proposal to reward UNI token holders who stake and delegate their tokens. The upgrade, aimed at revitalizing the protocol’s decision-making process, has garnered overwhelming support with over 10 million UNI tokens pledged in its favor. Historic Vote to Reward UNI Holders […]

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Value Locked in Defi Nears $100 Billion Milestone Amidst Broad Market Uptick and Lido Dominance

Value Locked in Defi Nears $100 Billion Milestone Amidst Broad Market Uptick and Lido DominanceFive days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $80 billion mark, and since that point, it has expanded by an additional $11.66 billion. As it hovers above the $91 billion threshold, the TVL is approaching the $100 billion milestone, a figure not observed since before the collapse of […]

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Community-Driven Ecosystem Accelerators ‘A Vital Component of Crypto Funding Mechanisms’ – Elie Le Rest

Large institutions will fully embrace decentralized finance (defi) only when they are confident that their trade counterparties will comply with sanctions and other international laws, argues Elie Le Rest, CEO of Colony Lab. However, Le Rest, also an angel investor, said trade counterparties can still demonstrate their willingness to adhere to rules by implementing gated […]

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Uniswap Introduces Wallet Extension and Limit Orders, UNI Jumps 83% in 30 Days

Uniswap Introduces Wallet Extension and Limit Orders, UNI Jumps 83% in 30 DaysUniswap Labs has unveiled a collection of new features designed to refine the trading journey for users of its decentralized exchange (dex). This collection encompasses the Uniswap browser extension, limit orders for precise trading strategies, and advanced data and insights for making well-informed choices. Uniswap Labs explained on Tuesday that the expansion aims to make […]

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Kyberswap Hack: Blockchain Security Firm Reports Movement of 800 ETH From Exploiter’s Address

Kyberswap Hack: Blockchain Security Firm Reports Movement of 800 ETH From Exploiter’s AddressBlockchain security firm Peckshield revealed on Feb. 26 that an exploiter labeled address associated with the Kyberswap hack had bridged approximately 800 ether tokens from Arbitrum to the Ethereum blockchain. On the same day, the Kyberswap team unveiled revised dates for reimbursing users impacted by the hacking. Kyberswap Hacker Starts Moving Funds Peckshield Alert, a […]

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DeFi Tokens Surge As Uniswap Proposal Ignites Investor Interest

In the realm of cryptocurrency investments, the spotlight has shifted from AI-driven assets to the booming sector of Decentralized Finance (DeFi). With Uniswap’s recent proposal to reward staked and delegated token holders, tokens like $UNI, $COMP, $SUSHI, and $AAVE have witnessed significant increases in their value. 💸 #DeFi has taken some of the spotlight from the #AI craze. Assets that enable users to lend, borrow, or exchange #crypto without a central authority like $UNI, $COMP, $SUSHI, and $AAVE all spiked in value following a key #Uniswap proposal to reward staked and delegated token… pic.twitter.com/xnxWivoX9R — Santiment (@santimentfeed) February 23, 2024

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