According to data compiled by CryptoRank Platform, the combined TVL of all blockchains experienced a slight decline in May 2023. This trend suggests a slow rate of capital infusion into DeFi projects compared to previous months. TVL Performance on Multiple Networks in May The combined total value locked (TVL) of
The monthly industry analysis by DappRadar shows that the market for decentralized apps increased by 9.97% in May. The firm notes that the number of daily unique active wallets (dUAW) has already hit an average of 1,967,051. The study found that the gaming industry and decentralized finance (DeFi) were responsible
Blur, a decentralized finance (DeFi) platform, recently announced via its official Twitter account that it had hit a new milestone. According to the tweet, the total value locked (TVL) in Blur has reached an unprecedented all-time high of $160.82 million. Blur TVL has reached a new all time high of
The decentralized finance (DeFi) trend continues its relentless march, making a historic mark once again. The trading volumes on decentralized exchanges (DEXs) reflected this momentum, with a substantial increase of 13.5% recorded in May 2023. As reported by CryptoRank Platform, this upward trend reflects the growing trust in decentralized platforms.
Today marks a significant leap forward for TRON (TRX), as the company announced it is live on the Ethereum blockchain. Justin Sun, founder of TRON and the current CEO of BitTorrent has shared the update on Twitter. #TRON (#TRX) takes a giant leap! With the #BitTorrent bridge, we’re now live
On Thursday, voters decided unanimously to remove Paxos from the reserve asset holdings, after a vote on a governance proposal to reduce the USDP debt cap from $500 million to zero. There were 35 voters that cast a total of 73,249 MKR tokens. According to the proposal’s authors at MakerDAO
In a notable breakthrough, Injective Protocol has completed the Avalon Mainnet Upgrade, marking a substantial milestone in its ongoing evolution. The highly anticipated upgrade ushers in robust scalability optimizations, enhancing the platform’s capability to handle increasing network demands. The Avalon Mainnet Upgrade is complete to bring you the most performant
Tenet, a layer-1 ecosystem that is working to broaden the applications of liquid staking derivatives (LSD), has formed a strategic alliance with LayerZero, a top omnichain interoperability protocol that is now valued at over $3 billion. As a result of the cooperation, the LayerZero omnichain architecture will be used by Tenet,
Jimbos protocol is the latest decentralized finance (DeFi) system to be hacked, resulting in a substantial loss of funds in the cryptocurrency market. Jimbos protocol, the Arbitrum system’s liquidity mechanism, was hacked on May 28 morning, according to blockchain security company PeckShield. The hack caused a loss of 4,000 Ether,
Avalanche, a swiftly burgeoning blockchain protocol, is redefining the terrain of decentralized finance (DeFi), showcasing a captivating blend of security, scalability, and decentralization. This progress epitomized by its burgeoning Total Value Locked (TVL) and the surge in active addresses on its network. Top 10 Projects by TVL on Avalanche #Avalanche
