In the short time since its introduction, the Ethereum Layer-2 network Blast has achieved a new Total Value Locked (TVL) milestone, according to statistics from DefiLlama. According to the numbers, Blast’s TVL now stands at $837.02 million, up 27% from where it was seven days ago. The L2 solution had
An arbitrage bot depleted the LFNTY-USDC pool on December 8 from the decentralized exchange (DEX) Lifinity. The $699,090 loss was triggered by an unanticipated reaction to a botched deal, according to Lifinity’s Discord channel. Durden, a key member of Lifinity, revealed that a bot tried to benefit from price disparities
Retik Finance is propelling the world of decentralized finance (DeFi) into the future, introducing a suite of innovative solutions aimed at seamlessly integrating cryptocurrency into everyday life. Notably, the highly anticipated Retik presale is set to kick off on December 6, 2023. As enthusiasts eagerly await this milestone, the project
In a recent report by QuillMonitor, an analytical tool powered by QuilAudits, November emerged as a concerning month for the crypto sphere, with a staggering $254.34M in losses. The notable figure was spread across 12 significant incidents, indicating an alarming 8-fold surge compared to October’s losses. Hacks take the lead
Private investors have contributed $2 million to Jelly Labs AG and Fintonomy LTD, the companies developing the foundational protocols underpinning Jellyverse. Based on DeFiMetaChain, Jellyverse is a platform providing advanced decentralized financial services. The money raised will be used by Jelly Labs AG and Fintonomy LTD to further accelerate the
The DeFi protocol KyberSwap lost $48.8 million due to a major vulnerability that occurred on November 22. The company plans to compensate individuals who were impacted financially. In response, KyberSwap is setting up a grant program to compensate those impacted by the incident using funds from its treasury. Affected persons
As the crypto world navigates another tumultuous year, the specter of cybercriminals looms large. A string of heists has plagued the industry, amounting to over $735 million siphoned across 69 hacks so far in 2023, marking a staggering surge in digital theft. Among these, six stand as emblematic examples of
The world of cryptocurrencies and decentralized finance (DeFi) is constantly evolving, and among the latest innovations capturing attention is the rise of Real World Assets (RWAs). In this deep dive, we’ll explore what RWAs entail, their significance, top projects in 2023, institutional adoption, regulatory considerations, and their impact on DeFi.
The decentralized trading protocol Uniswap’s native token UNI has stormed into the spotlight, surging by a staggering 16% in just a day, reaching an impressive three-month high of $6.28 hours ago. This surge coincided with a remarkable 74% spike in trading volume, marking a significant milestone for the cryptocurrency. The
At a time when many altcoins are correcting, Thrupenny (TPY) has shown that it may be able to withstand any storm the crypto market faces. In the last seven days, the price of TPY has increased by 19.11%. The last 24 hours have not been so rosy as the cryptocurrency
