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Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days

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Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights. Decentralized finance (defi) is a term used … Read more

Ethereum’s 2020 Defi Boom Doubles Active Ether Addresses, But Fees Skyrocket

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The number of active Ethereum addresses has grown aggressively in 2020 because of the decentralized finance (defi) boom. Active Ethereum addresses doubled in size leaving networks like Tron, Cardano, and EOS in the dust. There’s a lot happening in the world of decentralized finance (defi) with things like synthetic bitcoin (WBTC), stablecoins, yield farming, decentralized … Read more

Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation

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A number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while the web portal daistats.com shows there’s only 160 … Read more

‘Sophisticated’ Hacker Plunders $450,000 From Defi Protocol Balancer

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Decentralized finance (Defi) protocol ​Balancer was on Sunday hacked for more than $450,000 worth of cryptocurrency. In two separate transactions, an attacker targeted two pools containing Ethereum-based tokens with transfer fees – or so-called deflationary tokens. Pools with Sta and Stonk tokens were affected by this exploit, Balancer, an automated market marker protocol, said on … Read more