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💰 SatoshiDEX Opens $SDEX Pre-Sale, the Native Token of World’s First Bitcoin DEX
SatoshiDEX.ai, a pioneering Bitcoin DeFi platform, has announced the start of its highly anticipated 2nd Round of $SDEX Pre-Sale. Following the successful conclusion of Stage 1, which saw an impressive $700,000 raised, Stage 2 is now live and open to the community, offering an exciting opportunity to be part of this groundbreaking initiative. SatoshiDEX is led by a visionary team dedicated to reshaping decentralized finance. Beyond building the world's first Decentralized Exchange built directly on the Bitcoin L2, they are passionate about creating a robust and inclusive Bitcoin DeFi ecosystem.
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💰 Bitcoin staking chain BounceBit secures $6M to bring DeFi to BTC
BounceBit, an infrastructure provider enabling BTC staking, announced today that it has raised $6 million in a funding round led by Blockchain Capital and Breyer Capital. The company aims to build infrastructure that allows Bitcoin holders to earn yields through a restaking mechanism. The round included backing from several notable blockchain venture funds including dao5, CMS Holdings, Bankless Ventures, NGC Ventures, Primitive Ventures, and Arcane Group.
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📊 DeFi risk manager Gauntlet partners with Morpho days after dumping Aave
Decentralized finance (DeFi) risk management firm Gauntlet has teamed up with DeFi lending protocol Morpho just days after its abrupt split with Aave. The partnership announced on Feb. 27 sees Gauntlet creating its own lending products on MorphoBlue, a new protocol that allows firms to spin up their own lending and borrowing pools dubbed “vaults.” MorphoBlue, however, will effectively give risk managers the ability to create and manage their own lending protocols.
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📊 DeFi trader rides EigenLayer airdrop hype to secure 40% yield
EigenLayer continues to grow, with over $8.4 billion in deposits after announcing a raise of $100 million from a16z earlier this month. There are already a slew of liquid restaking protocols whose sole purpose is to take staked Ether and deposit it into EigenLayer to earn points. Points are expected to convert to tokens sometime in the second quarter. But for those who don’t want to chase the allure of an airdrop, EigenLayer inadvertently provides some very enticing yields on Ether.
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📊 SUN.io and HTX DAO Forge DeFi Partnership to Boost User Support
SUN.io announced a strategic partnership with HTX DAO. This advances blockchain collaboration. This partnership aims to boost user support and ecosystem money flow. Through this partnership, HTX DAO hopes to donate at least 80% of its quarterly liquidity donations to the HTX-TRX Liquidity Pool (LP), which will benefit SUN.io. With the projected revenues of the HTX exchange (formerly Huobi) for 2022 and 2023, the token value locked (TVL) liquidity on SUN.io is anticipated to surpass $100 million by 2024. It constitutes over 20% of SUN.io’s total TVL.
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⚪️ Curve Finance unveils new defi lending contracts
The introduction of lending contracts by Curve Finance opens up new avenues for arbitrage traders, presenting them with the opportunity to potentially secure substantial profits. The deployment of these lending contracts signifies Curve’s entry into the competitive defi lending market. By allowing users to lend their assets through smart contracts, Curve is diversifying its offerings and providing its users with more ways to participate in the defi ecosystem.
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📣 Vibrant Finance leverages Neon EVM for groundbreaking DeFi exchange innovation
Decentralized exchange (DEX) Vibrant Finance has launched on Neon EVM, a Solana-based platform, marking its foray into the non-Ethereum DeFi landscape, according to a Feb. 23 press release. Vibrant Finance CEO Jimmy Yin expressed enthusiasm about this deployment on Neon, emphasizing its potential to bridge Ethereum’s vibrant DeFi ecosystem with Solana’s robust liquidity and transactional efficiency.
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🔵 Decentralized Money Market Protocol Aave Joins BNB Chain’s Defi Landscape
On Feb. 22, 2024, the primary development group of the BNB Chain revealed that the decentralized finance (defi) money market protocol, Aave, has been successfully launched on the BNB network. Boasting a total value locked (TVL) of $8.571 billion, Aave is now active across 13 blockchains in total.
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📊 XDFi, World’s First Compliant Decentralized Futures Protocol, to Launch on Flare Network
Flare, the blockchain for data, has announced a partnership with Sindric Solutions to launch XDFi, a new decentralized futures protocol created by Wall Street veterans. XDFi aims to raise industry standards for compliance and efficiency, delivering a trustless, non-custodial futures contract purchasing environment that operates 24/7. With regulatory uncertainty still an impediment to larger-scale institutional investment in DeFi, XDFi represents a welcome proposition for major investors.
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📊 DeFi Platform Earning Yield by Shorting Ether Attracts $300M
Decentralized finance platform Ethena has attracted massive inflows since going live amid some criticism around the model it uses to generate an annualized 27% yield to holders of its USDe tokens. It had operated as a beta platform so far, available only to a closed group. More than $287 million of USDe had been minted as of Tuesday morning, with over $50 million of that coming after the platform went live to the public on Monday.
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📣 Starknet Foundation to Distribute 40 Million Tokens to DeFi Protocols
The Starknet Foundation announced Monday that its committee for decentralized finance (DeFi) will distribute 40 million STRK tokens to DeFi protocols native to Starknet, its layer 2 blockchain network that is based on zero-knowledge technology. The announcement to distribute tokens to DeFi protocols comes as crypto denizens both applauded and criticized Starknet Foundation’s airdrop strategy to let roughly 1.3 million addresses claim STRK on Feb. 20.
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📊 UK’s MDIM to Invest $500K in Life DeFi for Retail Access
UK asset manager MDIM Holdings, based in the UK, has stated it would invest US$500,000 in Life DeFi. The partnership will serve to create a viable use case for large-scale investors by combining MDIM Holdings’ securities infrastructure with Life DeFi’s wallet. The availability of the investment fund will be increased with this since a person can now invest as little as $100, something that was not possible before our platform.
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📊 Uniswap (UNI) and Aave (AAVE) Lead DeFi Innovation
Recently, Uniswap (UNI) community figures debated the continuity of Uniswap as a decentralized finance ecosystem. Also, Aave (AAVE) integrated its DeFi lending protocol with the GHO stablecoin. At the same time, Borroe Finance ($ROE), one of the new DeFi projects, garnered attention from investors in the crypto market.
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💰 Bitcoin ETF market thrives with nearly 9,300 Bitcoin added in one day
Bitcoin ETFs notched an impressive day with a strong inflow of $477 million (roughly 9,300 BTC,) according to BitMEX Research. BitMEX data shows that BlackRock’s IBIT stood out on Feb. 15, seeing a $331 million inflow that bolstered its cumulative total to a staggering $5.2 billion. Fidelity’s FBTC, while registering a substantial $97 million inflow, broke its streak of consecutive $100 million or higher inflows, taking its total net to $3.5 billion.
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🇰🇷 South Korea to Expel Crypto Exchanges Failing to Meet Its Stringent Conditions
Cryptocurrency exchanges that fail to meet South Korea’s stringent operating standards will be expelled from the crypto market, the country’s financial intelligence agency has said. The Financial Intelligence Unit said its annual work plan incorporates the insights of cryptocurrency experts serving on its advisory committees.
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⬜️ OKX adds Uniswap API on DEX, launches gas-free trading
OKX chief innovation officer Jason Lau said that the new feature eliminates common DeFi headaches like slippage, MEV attacks and failed transactions. OKX chief innovation officer Jason Lau told Cointelegraph that the feature allows simpler decentralized token swapping. Lau explained that the integration with Uniswap gives the OKX DEX access to the UniswapX protocol and is connected to its liquidity.
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📊 B2 Network Brings DeFi to Bitcoin via Bitget Wallet
Bitget Wallet, Asia's largest non-custodial Web3 wallet, has announced a new partnership with Bitcoin Layer 2 company B2 Network. The collaboration will give Bitget Wallet's over 15 million global users access to B2 Network's cross-chain transactions directly through Bitget's mobile and browser-based applications. As an EVM-compatible Bitcoin Layer 2 solution built on zero-knowledge proofs, B2 Network enhances transaction speeds and expands application possibilities without compromising security.
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📊 DeFi TVL surpasses 22-month high as market goes bullish
The decentralized finance (DeFi) total value locked (TVL) has reached 22-month highs as the broader crypto market witnessed a notable surge. According to data provided by Defi Llama, the global DeFi TVL increased by $27.6 billion since Feb. 1 — rising from $59.44 billion to $87.12 billion at the time of writing — a level not seen since May 2022. Per Defi Llama, Lido Finance’s TVL is currently hovering at $31.87 billion followed by AAVE with a TVL of $9.24 billion.
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📣 Emerging DeFi sensation Retik Finance (RETIK) presale sold out, raises more than $32 million
Retik Finance (RETIK), a decentralised finance platform aiming to revolutionise the way individuals interact with financial services. With its recent presale culminating with a sold-out status and raising over $32 million, Retik Finance has solidified its position as an emerging DeFi sensation. Here’s a look at the success parameters of Retik Finance's presale and the excitement surrounding the project.
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📊 Defi's Total Value Locked Hits $80 Billion in a Dramatic Turnaround Since 2022
Recent data reveals that the total value locked (TVL) in decentralized finance has jumped past the $80 billion milestone, reaching heights not observed since the downfall of Terra’s stablecoin in May 2022. Leading the charge in 2024 by TVL size is Lido’s liquid staking platform, with ether-based liquid staking derivatives (LSDs) securing a dominant position with $41 billion in TVL.
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📣 Singularity attracts $2.2 million to develop KYC-compliant DeFi platform for institutions
Singularity Network, a protocol catering to institutional investors seeking confidential access to DeFi, raised $2.2 million in its second funding round that concluded in late 2023. The funding round was spearheaded by Gumi Crypto Capitals, with participation from notable investors like Eureka Partners and Nomura’s digital asset subsidiary, Laser Digital. Other participants in this round included Digital Assets Capital Management, Gandel Invest, and Apollo Crypto—these firms had backed Singularity during its seed round.
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🪙 Uniswap rolls out 'uni.eth' subdomains using ENS infrastructure
Uniswap has rolled 'uni.eth' subdomains using the Ethereum Name Service infrastructure to let users convert complex hexadecimal Ethereum addresses into human-readable names. Users can claim their uni.eth subdomain through the Uniswap mobile app, which offers one subdomain free of charge. Changing names is designed to be gasless via an off-chain resolver contract.
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📊 DeFi Startup Euler Finance Bounces Back with Revamped Lending Vaults
Decentralized-finance (DeFi) lending protocol Euler Finance has bounced back from last year’s $200 million exploit with a more flexible version of its cryptocurrency vault-enabled lending platform: Euler v2. Like the first version of the protocol, Euler v2 allows users, in a non-custodial fashion, to deposit assets for lending, and other users to deposit collateral, take out loans and pay interest to the lenders.
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📣 DeFi Devs get real-time Bitcoin ETF data with Pyth Network
Pyth Network introduces Bitcoin ETF price feeds to allow DeFi developers access to real-time market data, bridging the gap between traditional finance and decentralized finance. Pyth Network, a provider of real-time market data for blockchain applications, announced on Feb. 20 the launch of price feeds for 13 Bitcoin exchange-traded funds (ETFs), making accurate price data of Bitcoin ETFs readily available to developers building decentralized finance (DeFi) protocols.
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💰 Sui Surmounts Cardano, Aptos in TVL as DeFi Spurt Escalates
The newcomer Sui (SUI) Layer-1 blockchain is making waves in the decentralized finance field with a huge tide of inflows since the beginning of 2024. On New Year’s Day, SUI’s total value locked (TVL) was capped at $211 million. In a month and a half, the capital locked on SUI’s DeFi ecosystem nearly tripled, scorching past $600 million at the time of this publication.
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📊 MYX Protocol Launches Mainnet, Redefining DeFi Derivatives Trading
In the dynamic world of decentralized finance (DeFi), a groundbreaking event has unfolded that promises to redefine the landscape of derivatives trading. The decentralized derivatives protocol MYX has officially transitioned from its testnet phase to launch its mainnet, bringing with it an innovative Market Position Matching (MPM) mechanism designed to achieve zero-slippage transactions while efficiently matching long and short positions.
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📈Defi TVL reaches 20-month highs with Ethereum dominating the scene
The decentralized finance (defi) total value locked (TVL) has been constantly rising since the start of the month and is getting close to the $70 billion mark. According to data provided by Defi Llama, the global defi TVL recorded a 22% surge over the past two weeks and is currently standing at $68.99 billion. On Feb. 13, the TVL reached a 20-month high of $69.35 billion — a level last seen in mid-June 2022.
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🪙 Scam Uniswap Airdrop Targeting DeFi Users
Irrespective of the industry, scammers are always looking for the next trendy thing they can piggyback on to trick users out of their money. In the latest instance, these malicious actors look to be riding the excitement surrounding the announcement of the timeline of Uniswap‘s v4 upgrade. Following the announcement, a fraudulent press release of a Uniswap airdrop has made the rounds online.
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💰 Bitcoin’s short-term holders enjoy gains with price surge to $52,000
Bitcoin’s Realized Price, which represents the aggregate on-chain acquisition price for the entire coin supply, has notably increased to $23,230, a 1.5% increase in the past seven days. More specifically, the Short-Term Holder Realized Price (STH RP), which reflects the average on-chain acquisition price for coins moved within the last 155 days, has risen to $40,800—a 4% appreciation over the past seven days. This rate of increase is considerable and has been witnessed only a few times over the past year.
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💰 Bitcoin hits all-time high against traditional asset benchmarks
Bitcoin’s recent performance has defied traditional financial metrics, with the digital asset reaching new heights against the US 20+ year Treasury Bond ETF (TLT), the S&P Regional Banking ETF (KRE), and the Japanese Yen. In a direct comparison with TLT, a globally recognized benchmark for relatively safe assets, Bitcoin had surged, underlining its growing acceptance as a viable investment.
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