For the second month in a row, Coinbase‘s trading volume was lower than that of Uniswap, a decentralized cryptocurrency exchange. Uniswap’s spot market volume reached $71.6 billion in March, 45 percent greater than Coinbase’s. March was the highest volume month on the decentralized exchange since January 2022. Despite Coinbase’s volume
PancakeSwap, a decentralized finance (DeFi) protocol, has released version 3 of its automated market maker platform on BNB Chain and Ethereum, which brings with it increased speed and decreased costs. Liquidity providers will now be able to deploy capital at more granular pricing points, which will increase capital efficiency. Given
Allbridge has given the hacker who was responsible for a $573,000 vulnerability on its multichain token bridge an opportunity to reveal themselves as white hats and collect a reward. A person posing as a liquidity provider and swapper drained the pool of $282,889 in Binance USD (BUSD) and $290,868 worth
Decentralized finance (DeFi) has emerged as a disruptive force in the financial landscape. However, its true potential has been limited by the complexity and scalability issues plaguing existing systems. What if there was a dedicated blockchain specifically built for money market activities that enable cross-chain interoperability without any bloat or
On March 28, the DeFi project SafeMoon announced on Twitter that a hacker had gained access to the project’s liquidity pool (LP). SafeMoon has stated it is taking action to rectify the situation as quickly as possible but has not provided any other specifics regarding the assault. Several famous people
AllianceBlock, a supplier of end-to-end decentralized financial solutions, today announced a collaboration with Crunchbase, a prospecting tool that uses industry-leading proprietary data. Crunchbase will enter the decentralized world with this agreement by making its vast collection of priceless data accessible to users of AllianceBlock’s Data Tunnel. Data Tunnel is intended
The bulk of the funds stolen from the decentralized finance (DeFi) platform Euler Finance in March 2023 seems to have been returned to the platform. Even if part of the funds are still with the exploiter, the Euler hacker reportedly surrendered as much as 51,000 ETH on Saturday. On or
The issuing business for the asset-focused smart contract platform Radix, Radix Tokens (Jersey), has secured $10 million in new funding. The investment gives the Radix platform a $400 million valuation and was made as part of a private capital round that was headed by DWF Labs. After acquiring the extra
New technologies constantly change the landscape of business finance. Startup Decentralized Finance (DeFi) marketplaces are the next step in the evolution of entrepreneurial finance. The term “Decentralized Finance,” also known as “Distributed Finance” or “Open Finance,” refers to a financial business environment without a single governing authority. DeFi is a
Fluidity Money, a “spend-to-earn” decentralized finance (DeFi) protocol, has partnered with Request Finance, an enterprise crypto payments app, to develop a cashback program. Regarding the Program Businesses may reward cryptocurrency-paying consumers via the cashback scheme. When businesses accept cryptocurrency payments, they also can benefit from cashback benefits. Both the sender
