Aave, a pioneering protocol in decentralized finance (DeFi), has reached a significant milestone: $10 billion in active loans. From $3.4 billion at the beginning of the year, this is a 300% increase in lending activity. Active loans on the platform rose by 16.4 percent to $10.04 billion in the previous
Charlestown, Saint Kitts and Nevis, 18th November 2024, Chainwire
As Bitcoin continues to dominate the crypto headlines, several decentralized finance (DeFi) and traditional finance (TradFi) projects are quickly catching up. These altcoins present unique financial opportunities and are poised to outshine Bitcoin’s functionality and potential rewards. One of these altcoins leading the charge is FX Guys, a PropFi project
Having the appropriate tools to create, run, and optimize a decentralized exchange (DEX) is essential for success in the quickly evolving field of decentralized finance (DeFi). A whole range of solutions are available via DODO’s DEXpert, which is intended to improve trading efficiency, expedite DEX creation, and provide sophisticated liquidity management features.
Solana’s capability to head the DeFi sector has come under scrutiny. The platform has been promoting itself as capable of global-scale transactions on a single chain, but now it’s looking at Layer 2 solutions to improve scalability. Its recent shift from a single-chain model to network extensions has raised concerns
Ethereum’s first-mover advantage has never been overcome and to this day it remains the foundation of the DeFi industry, with more than 50% of the total value locked in blockchain-based protocols. But Ethereum’s dominance has led to significant challenges for DeFi protocols, as the world’s number one smart contract network
N3TWORK Studios unveils the Legendary Heroes Unchained (LHU) game on Base together with its Legendary ecosystem, marking a significant milestone for the gaming industry. With the release of LHU’s Epoch 1, N3TWORK Studios presents a cutting-edge digital ecosystem in which users assume the roles of creators and owners, going beyond conventional roles.
Crypto investment firm BlockTower Capital reportedly purchased $7 million in prominent DeFi tokens from various crypto trading platforms in the last 12 hours, as tracked by blockchain analytics platform Lookonchain. As Lookonchain reports, the firm’s acquisitions focused on two major tokens — Uniswap (UNI) and Aave (AAVE). Based on etherscan
Solv Protocol has announced the classification of underlying assets for its SolvBTC reserve. In doing so, the Solv protocol preserves liquidity while guaranteeing user security and yield-generating possibilities. With the implementation of cross-chain rate limitations and minting caps for novel reserves to control and reduce risk, these classifications aid in ensuring stability
In 2023, Real World Asset (RWA) protocols are carving a notable niche in the decentralized finance (DeFi) landscape, signaling an evolution toward asset-backed stability within the sector. According to recent data from IntoTheBlock, RWAs have seen a marked increase in market share, growing from 0.01% to 0.07% by October, as
