DeFi current growth rate is massive. Entire DeFi market will grow 100X in a short span of 5 year. DeFi services transactions on Ethereum (ETH) platform increase every day. We all know the evolution of the cryptocurrency industry and so blockchain technology too. Ever since blockchain technology came into play,
bZx DeFi lending protocol sufferers hack again. Losses $55 million to the hack. This corresponds to the 3rd hack upon the bZx platform this year alone. Just when I thought things are finally getting smooth upon the crypto industry and the market, another news of hacking came up. In recent
The top 3 defi by volume are LINK, LUNA, and DAI. Chainlink enables blockchains to securely interact with external data feeds. DAI development is managed by Maker Protocol and the MakerDAO. The top 3 decentralized finance (DeFi) by volume are Chainlink(LINK), Terra (LUNA), and Dai (DAI). 1. Chainlink (LINK) The
Decentralized Finance (DeFi) is now emerging at a lightning speed providing the users to experience digitized financial services. Through this, DeFi’s contribution is expanding resulting in a rise in the crypto market capitalization. Grabbing the attention of the users into the digital space, DeFi is now incredibly succeeding the crypto
Overall DeFi platform touched a TVL of $200 billion this week. Most of the DeFi tokens surged were based upon the Ethereum blockchain. DeFi Llama predicts for the first time DeFi has crossed the $200B mark. With the rise of the crypto industry and the blockchain technology, many attributes have
Despite community efforts, trading volume rose by 1,062%. Users will be reimbursed when the new STEAK tokens are issued. StakeSteak, the Fantom network’s decentralized financial system, collapsed by 99% overnight due to an exploit found in its GitHub files. Among the publicly available files was a private key that had
Top TVL gainers in the BSC ecosystem are ANN, BABY, JAWS, DOP. CHESS, HUNNY, HELMET, CAKE, CSS, ALPACA The top 10 TVL gainers in the BSC ecosystem in the last 7 days are Annex Finance (ANN), BabySwap (BABY), AutoShark (JAWS), Dopple Finance (DOP), Tranchess (CHESS), Pancake Hunny (HUNNY), Helmet.insure (HELMET),
Uniswap commanded $9,620,102,739 in swaps last week. There are 270,783 bitcoin in TVL. The total value locked (TVL) in decentralized finance (DeFi) has grown significantly to $171 billion in mid-September. There are 270,783 bitcoin in TVL valued at over $13 billion on the Ethereum network, and $15 billion has been
Charles Hoskinson mentioned the DeFi network as a bubble. Cardano’s design is well organized to accommodate the second wave of DeFi. Cardano can host decentralized applications (dApps) in the DeFi space. On September 17 (Friday) in an interview the founder of Cardano, Charles Hoskinson mentioned the decentralized finance (DeFi) network
DeFi’s infrastructure would significantly recreate traditional financial services, regardless of the technology used by a platform in this financial world. Furthermore, DeFi has the potential to promote the financial sector and open up a new level of innovation. As the world shows that the future of digital payment mode may
