Base, the Ethereum layer-2 blockchain developed by a U.S. crypto exchange Coinbase, has marked a remarkable surge in its total value locked (TVL), surpassing Blast. According to DefiLlama, Base’s TVL stands at $1.549 billion and Blast’s TVL at $1.525 billion, a one-day change of 1.56% and 5.75% respectively. Total value
In the wake of a significant liquidation event involving Michael Egorov, founder of Curve Finance, the CRV token has seen a notable recovery. Nearly a week ago, Egorov faced liquidation after the CRV token plummeted to an all-time low of $0.219. The situation led to widespread liquidations across various platforms,
The cryptocurrency market is a dynamic and rapidly evolving arena where new projects continually emerge, vying for attention and investment alongside established coins. As we step into a new week, investors are keenly observing which crypto assets present the most promising opportunities for significant returns. Among this week’s standout contenders
In response to the $10 million in bad debt that arose from soft liquidations after a hacking attempt on June 13, Curve Finance founder Michael Egorov has announced that he has completely repaid the loan. As a result of the event, Egorov went on social media to clarify, saying that
Beosin and Blocksec, two blockchain security companies, say that $3.7 million was stolen from the decentralized lending protocol UwU Lend today. Security researchers have linked this assault to the same hacker, making it the second flash loan breach of UwU Lend this week. The attacker now has $3.7 million worth
Are you ready to seize the opportunity of a lifetime? ONI DEX, the groundbreaking multi-chain decentralized exchange, is launching its highly anticipated token and Spheres presale, and savvy investors are rushing to get in on the action. With its cutting-edge features, unparalleled multi-chain support, and massive growth potential, ONI DEX
Amid a surging DeFi market, the Aave protocol is facing a significant uptick in high-risk loans, raising alarms among investors and analysts alike. According to a recent report by data analytics firm IntoTheBlock, the volume of these risky loans on Aave is nearing critical levels, with collateral values perilously close
In May, the largest amount since February 2022—the total value locked (TVL) in decentralized finance (DeFi) applications—reached $192 billion, according to a report by blockchain analytics company DappRadar. There was a 21% drop in the number of distinct active wallets using DeFi, even though TVL increased. May saw a 17%
Retik Finance (RETIK) has captured the attention of the cryptocurrency world by soaring to a $3 all-time high shortly after its listing. This meteoric rise, which saw the token increase by 2000% within hours, not only showcases the power of decentralized finance (DeFi) but also eclipses the previous all-time high
In the bustling world of cryptocurrency, stories of significant financial gains are not uncommon. However, a remarkable tale of a college student who made an astonishing $3,400,000 trading cryptocurrencies from his dorm room in 2023 has captured the attention of both crypto enthusiasts and the general public alike. Now, this
