Amid a surging DeFi market, the Aave protocol is facing a significant uptick in high-risk loans, raising alarms among investors and analysts alike. According to a recent report by data analytics firm IntoTheBlock, the volume of these risky loans on Aave is nearing critical levels, with collateral values perilously close
In May, the largest amount since February 2022—the total value locked (TVL) in decentralized finance (DeFi) applications—reached $192 billion, according to a report by blockchain analytics company DappRadar. There was a 21% drop in the number of distinct active wallets using DeFi, even though TVL increased. May saw a 17%
The much-anticipated vote on UNI staking and delegation incentives, which was scheduled for May 31, has been postponed by the Uniswap Foundation, the group in charge of the decentralized exchange Uniswap. The foundation delayed the vote in response to a stakeholder’s concern, as revealed on X. The decision-making process was
DeFi has had a significant capital inflow in 2024, resulting in a 75.1% increase in TVL year-to-date (YTD) to US$94.9B from US$54.2B at the beginning of the year. Nearly all DeFi sectors have benefited from this increase, including big and specialized markets. As a result, differentiated markets have emerged, enabling
The liquid restaking platform Kelp DAO has reached a significant milestone in its quest to improve the restaking landscape and decentralized finance (DeFi) by announcing the closing of a $9 million private sale round. The round was spearheaded by a $3.5 million investment from SCB Limited, a Bahamas-based proprietary trading business,
According to the DeFiLlama rankings, Solv Protocol, a unified yield and liquidity layer for prominent digital assets, has crossed $1 billion in Total Value Locked (TVL), solidifying its standing as the 32nd biggest decentralized finance (DeFi) protocol. Ryan, founder of Solv Protocol stated: “Reaching this significant milestone is a testament to the
Uniswap Labs has finally responded to the SEC’s Wells notice, urging the agency to drop its enforcement action against the firm. Allegedly operating as an unregistered securities exchange and broker, the corporation has been in violation of securities laws, according to the April notification. According to Uniswap Labs, the SEC
The bankruptcy court has given the go-ahead for Genesis Global, a cryptocurrency lender, to repay its creditors with over $3 billion worth of cash and crypto. Digital Currency Group (DCG), the parent firm, will not be able to recover from its bankruptcy as a result of this ruling. On May
Pump.fun, a Solana-based token launching platform, suffered an exploit on May 16. According to a post-mortem report on its X account, it identified the exploit to be executed by a former employee who illegitimately gained access to the withdrawal authority by misusing the privileged position. The exploit which occurred at
Approximately $20 million was lost due to an exploit that hit the decentralized lending protocol Sonne Finance on Wednesday morning in Asia. According to the project’s post-mortem analysis, an exploit was found in one of the Compound v2 forks. Using the known donation attack, the hacker was able to breach
