SushiSwap leads DEX token gains as SUSHI price rises by 23% in 24 hours
SUSHI price reached its best level in four months while its top rivals Uniswap, THORChain, and PancakeSwap also saw gains. Go to Source Powered by WPeMatico
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Total Value Locked Across Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam
At the time of writing, the total value locked (TVL) in decentralized finance (defi) is around $176 billion across various blockchains like Ethereum, Binance, Terra, Polygon, Solana, and Avalanche. While Ethereum commands $130 billion of the aggregate total locked, a myriad of other defi-fueled blockchains continue to see TVLs steadily rise. Total Value Locked Across … Read more
Finance Redefined: Swindling the lender and a $100M pot, Aug. 30–Sept. 3
Hackers run wild, but DeFi marches on; all covered in this weeks Finance Redefined. Go to Source Powered by WPeMatico
Offchain Labs Launches Arbitrum One Mainnet — Startup Raises $120 Million
On August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing led by Lightspeed Venture Partners gives the firm a $1.2 billion valuation. Arbitrum One Mainnet Is Now Live, Offchain Labs Raises $120 Million in Funding … Read more
Data suggests Uniswap is 36% overvalued and SushiSwap trades at a discount
An exchange token valuation methodology suggests that SUSHI trades at a 33% discount and that UNI price is 36% overvalued. Go to Source Powered by WPeMatico
Surge in activity and token prices show ‘DeFi Summer 2.0’ already started
DeFi platforms have seen a steady surge in user activity and token prices, leading some analysts to say that the ‘DeFi Summer 2.0’ is well underway. Go to Source Powered by WPeMatico
DeFi TVL hits a record $157B as Ethereum competitors attract investors
Interoperability-focused projects that offer cross-chain bridges and lucrative liquidity mining pools are seeing an influx of funds right as DeFi’s TVL hit a new all-time high. Go to Source Powered by WPeMatico
Weekly Defi Swaps Tap $17 Billion While Dex Aggregators Now Share 22% of the Trade Volume
Over the last seven days, decentralized exchange (dex) trade volume has tapped $17 billion across the 21 Ethereum dex platforms. Pancakeswap has seen between $400K to $860K every 24 hours during the last week as well. Meanwhile, dex aggregators are eating away at dex trade volumes, becoming more popular by the day. Uniswap Commands Top … Read more
White hat potentially saves SushiSwap $350M by finding ‘obvious’ exploit
The security researcher found a flaw in a dutch auction smart contract that could have resulted in the loss of 109,000 ETH. Go to Source Powered by WPeMatico
These 3 metrics suggest there’s still time for another ‘DeFi Summer’
Soaring token values, a steady inflow of new users and a TVL approaching all-time highs are all signs that the DeFi sector is heating up. Go to Source Powered by WPeMatico
