131280
🔹 Daily DeFi & Ethereum News 🔹 Join also: @Metaverse_Defi_Nfts_Trading Contact for cooperations only: @ChengTF
📊 2-year high: Nearly $200 billion cryptocurrencies invested in DeFi
The Decentralized Finance (DeFi) sector has witnessed a significant influx of capital, with numerous cryptocurrencies experiencing price increases as investors lock up value in various Web3 protocols. According to a report by blockchain analytics firm DappRadar, the total value locked (TVL) in DeFi applications soared to $192 billion in May, marking the highest level since February 2022.
Source
/channel/DeFi_Ethereum
📣 IOTA Kickstarts EVM Targeting DeFi, Real World Assets
Blockchain network IOTA has started its layer 2 Ethereum Virtual Machine (EVM) network with a focus on real-world asset usage, the developers shared with CoinDesk over email. Tuesday's launch introduced functionality such as smart contracts, cross-chain capabilities, parallel processing and security against Maximal Extractable Value (MEV) into the IOTA ecosystem, boosting the fundamentals of the IOTA token.
Source
/channel/DeFi_Ethereum
📣 IOTA debuts layer-2 solution to bridge defi with real-world assets
The IOTA Foundation has announced the launch of IOTA EVM, a layer-2 solution for the network designed to enable smart contracts functionality to expand the ecosystem’s capabilities in the decentralized finance (defi) space. IOTA Foundation revealed that blockchain developers can now deploy Solidity-based smart contracts on the IOTA network, a move aimed at bridging the gap between the IOTA and Ethereum ecosystems, enhancing IOTA’s capabilities.
Source
/channel/DeFi_Ethereum
🪙 Uniswap Foundation postpones vote on incentives
The Uniswap Foundation — the organization overseeing the decentralized exchange Uniswap — has postponed May 31’s highly anticipated vote on UNI staking and delegation rewards. The foundation announced on X that it postponed the vote due to a concern raised by a stakeholder. This prompted a more thorough review and examination of the proposal, leading to a delay in the decision-making process.
Source
/channel/DeFi_Ethereum
💰 Metaplex & Mutant Labs Launch DeFi Framework on Solana
Metaplex Foundation has introduced MPL-404, a framework and on-chain protocol focused on hybrid decentralized finance (DeFi). This initiative establishes “SPL-404 ” created by Mutant Labs within the Metaplex Program Library. The collaboration improves the integration of tradeable and non-tradeable commodities within the Solana ecosystem.
Source
/channel/DeFi_Ethereum
📣 Radix's New $10 Million Ecosystem Fund Is Paving the Way for DeFi's Mass Adoption
DeFi to truly go mainstream, it needs to offer attractive yields – but more so it needs to provide intuitive experiences, robust security and compelling use cases. Reality, though, has often fallen short of that dream. Unsustainable yields and speculative tokens have drawn criticism that some projects are more focused on enriching insiders than building lasting value.
Source
/channel/DeFi_Ethereum
📣 Citi-backed crypto unicorn Talos acquires DeFi platform Skolem
Talos, a crypto trading software provider and unicorn backed by heavyweights including Citibank and Andreessen Horowitz (a16z), has acquired Skolem, which offers a DeFi-access platform. The size of the deal and other terms weren't disclosed, but Talos said Skolem would help expand its on-chain capabilities and connect its institutional clients to additional decentralized finance or DeFi services.
Source
/channel/DeFi_Ethereum
🔵 Aave to Launch Own Blockchain After V4 Upgrade
Aave is looking to launch its own blockchain, dubbed Aave Network, after its forthcoming V4 upgrade. Given the lending protocol’s $13 billion in total value locked (TVL), the proposed network could potentially become one of the largest Layer 2 solutions in DeFi. Yesterday, following speculation from Aave DAO members on social media, Aave CEO Stani Kulechov posted, “This is not a drill, Aave Network is planned to come after V4.”
Source
/channel/DeFi_Ethereum
🪙 Uniswap v4 Prepares for Launch: Pioneering Next-Level Security in DeFi
In a significant development for the decentralized finance (DeFi) sector, Uniswap Foundation has outlined its roadmap for the launch of Uniswap v4, the latest upgrade to one of the most widely used decentralized exchanges (DEXs) on Ethereum. As part of its commitment to security and reliability, the foundation has announced a comprehensive audit strategy involving some of the top firms in blockchain security. This proactive approach aims to fortify Uniswap v4 against potential vulnerabilities and set a new benchmark in DEX security.
Source
/channel/DeFi_Ethereum
📣 Blast Blockchain Secures Sixth Spot In DeFi Network Rankings
In an unprecedented development witnessed within the Web3 landscape, Blast, an Ethereum Layer 2 (L2) blockchain, has recently taken the market by storm, securing the sixth spot in TVL (Total value locked) among all blockchains. Overtaking Base, a layer-2 (L2) blockchain network developed by Coinbase, Blast runs just behind Arbitrum, boasting a TVL of $1.87 billion, per data by DeFiLlama.
Source
/channel/DeFi_Ethereum
🪙 Uniswap gets $5.5bn bump from Ethereum ETF approval
Trading volume on decentralised exchanges surged to $11.2 billion on Thursday, the day the Securities and Exchange Commission approved a set of filings for spot Ethereum exchange-traded funds. Uniswap, the largest decentralised exchange, or DEX, especially benefited from the increase, generating $5.5 billion in trading volume on Thursday alone, with Ether accounting for nearly $3 billion of that volume.
Source
/channel/DeFi_Ethereum
📊 DeFi markets surge in 2024 as capital inflows drive growth - Binance Research
2024 has seen a flood of capital into decentralized finance (DeFi), driving the total value locked (TVL) up by 75.1% year-to-date (YTD) to $94.9 billion from $54.2 billion at the start of the year, according to a report by Binance Research. The Yield sector, after a 148.6% increase to $9.1 billion this year, is now the eighth largest DeFi market by TVL. On-chain interest rate derivatives platform Pendle has seen incredible growth this year, up 1962% to $4.8 billion.
Source
/channel/DeFi_Ethereum
📊 Defi TVL reaches its 2-year-high amid marketwide bull run
The total decentralized finance (defi) total value locked (TVL) is currently witnessing an impressive surge as the broader cryptocurrency market gains bullish momentum. According to data provided by Defi Llama, the total defi TVL increased by 9.1% in the past 24 hours and is standing at $105.63 billion at the time of writing. Notably, this is the first time since May 11, 2022, that the defi market value surpasses the $100 billion mark.
Source
/channel/DeFi_Ethereum
🪙 Uniswaps Labs and Across Protocol introduce token standard ERC-7683 for better cross-chain interoperability
Uniswaps Labs and Across Protocol have introduced a new Ethereum token standard called ERC-7683 for better cross-chain interoperability. ERC-7683 aims to create a universal filler network for all cross-chain intents to follow in their order structure, tackling relayer fragmentation, Across Protocol explained on the social media platform X. Orders adhering to identical standards enable lower costs for fillers, a broader filler network for apps to use and lower costs passed onto users.
Source
/channel/DeFi_Ethereum
📊 Value Locked in Defi Nears $100B Range Again After $11.89B Increase in 35 Days
Over the past 35 days, the total value locked in decentralized finance (defi) protocols has expanded by $11.89 billion, recovering from a low of just over $83 billion on April 13. Although ihttps://static.news.bitcoin.com/wp-content/uploads/2024/05/tvl.jpgt has not yet reached the $100 billion mark, the value locked in defi is approaching that milestone after hovering just below it.
Source
/channel/DeFi_Ethereum
🍣 DeFi and Bitcoin Merge with SushiSwap Rootstock Integration
SushiSwap, a decentralized exchange platform, has integrated with Rootstock, marking a significant milestone in decentralized finance (DeFi). This collaboration allows SushiSwap to expand its reach into the Bitcoin ecosystem, offering users advanced trading functionalities in a secure and decentralized environment. Rootstock, the first Ethereum Virtual Machine (EVM)-compatible Bitcoin sidechain, offers essential features.
Source
/channel/DeFi_Ethereum
💰 Solana rally continues on memecoin activity and DeFi; ether implied volatility outpace bitcoin's
Solana's continued price rise recently remains propelled by memecoin trading on its network, according to the founder of a decentralized exhange. "Memecoins have certainly become a significant driver of activity on Solana. Beyond speculation, this showcases Solana’s ability to handle high transaction volumes with low fees, making it the perfect environment for retail users." Frizza told The Block.
Source
/channel/DeFi_Ethereum
🪙 Uniswap Vote Delay Shows DeFi Stakeholders Aren't All in It Together
Uniswap Foundation announced it was delaying a key vote on whether to upgrade the protocol’s governance structure and fee mechanism to better reward holders of the UNI governance token. The nonprofit cited concerns from a “stakeholder,” thought to have been an equity investor in the organization behind the largest Ethereum-based decentralized exchange.
Source
/channel/DeFi_Ethereum
🪙 Chainlink Partnership With Circle Enhances Defi Ecosystem
The world of decentralized finance (DeFi) has received a significant boost. Chainlink, the leading decentralized oracle network, is redefining the industry by joining hands with Circle, the global fintech giant behind USDC and EURC, the popular stablecoins. This collaboration intends to unlock the true potential of stablecoins for enterprise institutions and create a more secure and robust DeFi ecosystem.
Source
/channel/DeFi_Ethereum
🪙 Uniswap Foundation delays vote for token staking and delegation rewards, UNI falls 8.7%
The Uniswap Foundation, the organization overseeing the decentralized exchange Uniswap, delayed the vote for staking and delegation rewards slated for Friday. The postponement was due to a "stakeholder" discussing concerns with the Foundation that prompted more attention. UNI's price fell following the announcement.
Source
/channel/DeFi_Ethereum
📣 Ethereum DeFi Projects Still Favorite Target for Hackers, But Stolen Funds Down 28% in May: Immunefi
Hackers were unsuccessful in exploiting any major centralized entity in May, while DeFi protocols witnessed a downtick in losses occurring from hacks and frauds, according to a report from bug bounty platform Immunefi. $52.4 million was stolen from DeFi investors in May due to hacks and frauds. This represents a 12% decrease in the amount lost from the same period in the prior year. Moreover, it is a sharp decline of 28% from April this year.
Source
/channel/DeFi_Ethereum
🪙 Uniswap vote on ‘fee switch’ sends token up 20%
Uniswap DAO members will on Friday begin voting on a proposal that brings the cooperative one step closer to turning on the so-called “fee switch.” For years, proponents have argued turning on the fee switch would be a boon for investors of Uniswap’s governance token, UNI, by creating a way for them to share in Uniswap’s success. Uniswap has collected more than $3.6 billion in fees since its launch almost five years ago.
Source
/channel/DeFi_Ethereum
📣 Manta CeDeFi Crossed $100M In TVL After One Week
Manta’s new CeDeFi product is off to a bullish start, with the project attracting more than $120 million in assets within its first week. Data from DeFiLlama shows Manta CeDeFi boasting $121.5 million in total value locked (TVL) following its debut on May 19. The impressive growth is likely spurred by Manta offering a two-month points program qualifying early adopters who deposit assets before the product surpasses a $500 million TVL for monthly MANTA airdrops.
Source
/channel/DeFi_Ethereum
📣 DeFi Protocol Chainge Secures $13M Investment to Enhance Cross-chain Trading
The cross-chain protocol plans to stick with its proposed plan of making the platform one of the leading liquidity providers in the industry. Chainge, a cross-chain liquidity protocol, has received $13 million in funding from two crypto-focused investment companies to expand its business offerings and make cross-border trading more accessible to users across the world through artificial intelligence (AI) solutions.
Source
/channel/DeFi_Ethereum
📣 Kelp DAO Secures $9 Million in Private Sale to Boost Defi Expansion
Kelp DAO, a liquid restaking platform, has completed a private funding round, amassing $9 million to propel its growth in the decentralized finance (defi) sector. The funding aims to enhance the platform’s capabilities and expand into new ecosystems, including Solana and Bitcoin.
Source
/channel/DeFi_Ethereum
📊 Blast Blockchain Surges to Sixth Largest DeFi Network
The recently launched Blast blockchain has quickly ascended the ranks to become one of the most prominent players in the decentralized finance (DeFi) sector. According to data compiled by DeFiLlama, Blast Blockchain has surged in popularity, now ranking as the sixth-largest blockchain by DeFi assets. The total value locked (TVL) on the Blast network has soared to over $1.9 billion, positioning it just behind industry giants like Ethereum, Solana, Tron, BNB Chain, and Arbitrum.
Source
/channel/DeFi_Ethereum
🪙 Uniswap Challenges SEC Wells Notice, Defends Autonomous Protocol
Uniswap Labs has responded to the U.S. Securities and Exchange Commission’s Wells Notice, asserting that its protocol does not fall under the agency’s regulatory jurisdiction. The response emphasizes the autonomous nature of Uniswap’s decentralized finance (defi) technology and argues against the classification of its activities as operating an exchange or broker.
Source
/channel/DeFi_Ethereum
🪙 Uniswap Labs responds to Wells notice, calls SEC's legal case 'weak and wrong'
Uniswap Labs, the developer of the decentralized exchange Uniswap, responded to the Wells notice issued against them by the United States Securities and Exchange Commission. The SEC alleges that the DEX acts as Uniswap Labs' unregistered securities exchange and unregistered securities broker-dealer, with UNI tokens representing an investment contract, Uniswap Labs noted in a Tuesday release.
Source
/channel/DeFi_Ethereum
🚨 Nearly 75% of stolen funds via crypto drainers funneled into defi in 2023
Cybercriminals operating drainers have changed their strategy significantly, with the majority of stolen funds now flowing into decentralized finance (defi) protocols, a notable change from 2020 when centralized exchanges were the primary destination. Data from Chainalysis reveals that in 2023, nearly 75% of funds stolen via crypto drainers were funneled into defi, a stark contrast to 2020, where over 90% ended up in centralized exchanges.
Source
/channel/DeFi_Ethereum
💰 Bitfinity Integrates EVM for Bitcoin DeFi with Runes
Bitfinity, a layer 2 Bitcoin protocol operating over the Internet Computer (ICP), has Deployed EVM to allow for the transaction of smart contracts and DefI apps on Bitcoin through Runes. Bitfinity EVM allows the developers to deploy BTC-centered Solidity smart contracts so they can transmit BTC, Ordinal, or Runes. This integration is to capitalize on the new Bitcoin protocol called Runes that enables the minting of fungible tokens on the Bitcoin blockchain.
Source
/channel/DeFi_Ethereum