In August, the DeFi protocols fee accumulation dropped 24% from July. DeFi protocol’s total amount of fee, excluding the base layers is $288 million. This has recorded the lowest since February. In February, the total was $265.18 million. Uniswap led the list with protocol fees of over $85.44 million. August’s
BounceBit (BB), a Bitcoin restaking chain project, will release its BounceBit V2 in September 2024. The company announced this update on X, highlighting a significant overhaul to its centralized decentralized finance (CeDeFi) platform and BounceClub. The focus will be on improving the user experience and adding new tools for smart
Bitcoin (BTC) took a brief plunge yesterday, managed to hover at the $62,000 mark, and wiped off all the gains within the last 24 hours. BTC crashed by over 5.90%, marking one of the largest declines since August. The bears continued to restrain the bulls from recovering, slipping to a
The DeFi Education Fund (DEF) recently settled with True Return Systems LLC (TRS) involving a patent dispute for Decentralized Finance (DeFi) protocols. On Monday, DEF announced that it had purchased a patent from TRS, resolving ongoing lawsuits against MakerDAO and Compound Protocol. The patent, U.S. Patent No. 10,025,797, covers “oracle-like”
On August 5, the decentralized finance (DeFi) protocol Aave showed notable strength amid a severe crypto market plunge. Aave generated $6 million in revenue from decentralized finance liquidations. This spike in revenue is a response to economic events, like the interest rate hike by the Bank of Japan and the
According to statistics from analytics company Parsec financial, on-chain liquidations across Ethereum’s decentralized finance protocols hit a new annual high, with positions liquidated totaling over $350 million in the preceding 24 hours. This is happening as the market volatility has spiked and the crypto market as a whole has been
Flare, the layer 1 blockchain for data, is thrilled to announce that the SparkDEX team has opted for deploying their sophisticated decentralized finance hub on the network, which includes an AMM and perps protocol. By doing this, SparkDEX will take use of the decentralized data access provided by Flare’s entrenched data
Last week, an agreement was filed in court by the two parties involved in the KeyFi and the founder Jason Stone’s link to the insolvent crypto lender Celsius. This settlement follows a series of lawsuits and countersuits. As part of the settlement deal, Celsius will get a plethora of assets
Base, the Ethereum layer-2 blockchain developed by a U.S. crypto exchange Coinbase, has marked a remarkable surge in its total value locked (TVL), surpassing Blast. According to DefiLlama, Base’s TVL stands at $1.549 billion and Blast’s TVL at $1.525 billion, a one-day change of 1.56% and 5.75% respectively. Total value
Bitflow has raised Bitcoin DeFi (BTCFI) to a level where it can compete with Ethereum’s established DeFi ecosystem by announcing many new features for its Bitcoin Layer 2 (L2) decentralized exchange (DEX). The volume of transactions on Bitcoin DeFi has increased dramatically during the last several months. Other blockchain ecosystems
