Crypto market crashes down, BTC hits below $48K. DeFi sector surges up despite the market crash. Harvest Finance (FARM) surges to 119% and QuickSwap (QUICK) by 36%. The year end seems to get tougher and tougher as the days closes in. December 28, 2021, the entire crypto market plunged and
Interlay raises funds of $6.5 million. Funds to proceed for establishing BTC DeFi services. Interlay plans in bringing more affinity for BTC financially. The way Decentralized Finance (DeFi) has come forth upon the blockchain technology is indistinguishable. Being one of the most primitive attributes of blockchain technology, the DeFi sector
FTX, one of the world’s leading crypto derivatives exchanges, recently announced that it has become a member of the International Swaps and Derivatives Association (ISDA). The US subsidiary of FTX will work with the ISDA to build up the crypto derivatives markets in the US and around the world. The
Compound (COMP) gains more than 12% in 24 hours. Reaches price of $215.07 from low of $183.62. At the current pace, the COMP target will be $250. The Compound (COMP) is one of the most anticipated altcoin, based on the Decentralized Finance (DeFi) protocols. The native token of the Compound
Uniswap leads the list with a 30% market share of $13.4B. PancakeSwap enables users to swap BEP20 tokens for CAKE. Let’s look at the top 3 DeFi projects by market cap of Q3 2021. Uniswap (UNI) Uniswap is a well-known decentralized trading mechanism for automated DeFi token trading. This year’s
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
