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🔹 Daily DeFi & Ethereum News 🔹 Join also: @Metaverse_Defi_Nfts_Trading Contact for cooperations only: @ChengTF
🪙 Ethereum Gas Prices Hit All-Time-Low as 110,000 ETH Pours Into DeFi
Ethereum gas fees have hit an all-time low as ETH continues to trade below $3,000 amid a broad period of market uncertainty. Though the reduced costs are good for users, they may not be good for investors. Ethereum staking protocols are also beginning to show signs of life following weeks of neutral and muted inflows as over 100,000 ETH is poured into decentralized finance (DeFi) staking platforms.
Source
/channel/DeFi_Ethereum
🪙 110,000 Ether Pours into Liquid Staking Platforms, Boosting Defi Holdings
Based on the latest data, liquid staking platforms have experienced another uptick in deposited ether over the past week. Within this timeframe, 110,000 ether, valued at $292 million, has flowed into these decentralized finance (defi) protocols.
Source
/channel/DeFi_Ethereum
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💰 US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon
United States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakamoto's estimated stash.
🤝 @Cryptocurrency_Inside ✅
🆘 DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve
Decentralized finance protocol Convergence, a Curve-based yield-enhancing protocol, a was exploited Thursday, sending its token's price to near-zero. The attacker created (minted) 58 million of the protocol's CVG token using a vulnerability in the protocol's codebase, and swapped the tokens for 60 wrapped ether (wETH) and 15,900 crvFRAX stablecoin using liquidity pools on Curve, web3 security auditing firm QuillAudits said.
Source
/channel/DeFi_Ethereum
📣 DeFi Technologies to enhance trading desk with zero-knowledge proofs
DeFi Technologies, a Canadian fintech firm, is set to enhance its trading infrastructure through a new partnership with Zero Computing, according to a July 30 statement shared with CryptoSlate. The collaboration aims to integrate zero-knowledge proof tools to boost operations on the Solana and Ethereum blockchains by optimizing its ability to identify and execute arbitrage opportunities.
Source
/channel/DeFi_Ethereum
📊 DeFi platform DTX Exchange raises 1.2m, praised for revenue model
DTX Exchange has announced that it has raised over $1.2 million in its presale. With impressive features and a hybrid trading method, DTX is gaining considerable attention from the crypto community. DTX’s long-term potential stands out in the crypto market. Amid the general downturn of the market, DTX Exchange (DTX) maintains its advantage over memecoins’ hype-driven tokenomics.
Source
/channel/DeFi_Ethereum
📣 Monad-based DeFi Projects Unveil Flurry of Funding Rounds
Protocols building on Monad are announcing their funding rounds as anticipation builds around Monad’s upcoming testnet. aPrior, an MEV-powered liquid staking platform, revealed a $10 million funding round led by Pantera Capital; Kuru Exchange, a central limit order book (CLOB) decentralized exchange, announced a $2 million raise led by Electric Capital, and liquid staking protocol Kintsu unveiled a $4 million raise led by Castle Island Ventures.
Source
/channel/DeFi_Ethereum
⚫️ Solend Announces New Solana DeFi Protocol with Rebrand to Save.Finance
Solana lending protocol Solend has announced that it has rebranded as Save and relaunched on save.finance. Save is expanding with three new products designed to expand financial opportunities available to Solana users which include a stablecoin, an LST, and an app for shorting memecoins. Save represents the culmination of everything the Solend team has learned over the last three years. Having grown to become the top DeFi protocol on Solana, peaking at over $1B in TVL.
Source
/channel/DeFi_Ethereum
📊 Decentralized Finance TVL Recovers to $100B After July Lows
Between June 19 and July 19, within a 30-day period, the total value locked (TVL) in decentralized finance (defi) dropped below the $100 billion mark, hitting a low of $86.3 billion on July 7, 2024. Over the past three days, however, the TVL has managed to stay above the $100 billion threshold.
Source
/channel/DeFi_Ethereum
💰 Cardano DeFi TVL Jumps 20% As Hydra Prospects Enters Spotlight
A new Hydra update has triggered an uptrend in the Cardano Decentralized Finance (DeFi) Total Value Locked (TVL). Data from DeFiLlama shows that the Cardano DeFi TVL has climbed to $243.17 million. Compared to July 6 when this metric was $242.13 million, the network has seen more than a 20% increase in about two weeks. Stablecoins on the Cardano ecosystem have a market cap of $15.88 million while the 24-hour trading volume is $267.3 million.
Source
/channel/DeFi_Ethereum
💰 DeFi Technologies Doubles Bitcoin Treasury Holdings and Adds Solana and Core
Canadian fintech firm DeFi Technologies (DEFTF) has added another 94.4 Bitcoin (about $6.1 million worth) to its balance sheet, building on its adoption of BTC as its “primary treasury reserve asset” last month. This marks the firm’s second publicly announced Bitcoin purchase, bringing its total holdings up to 204.34 BTC, worth $13.2 million as of this writing.
Source
/channel/DeFi_Ethereum
🪙 Uniswap Labs publicly launches wallet browser extension supporting 11 blockchains
Uniswap Labs, the organization building out the decentralized exchange Uniswap, has publicly launched its wallet browser extension on Chrome. Users can add the extension to their browser via Google's Chrome Web Store, after which they can set up a new Uniswap wallet or import an existing one. The extension works with the blockchain networks Ethereum, Base, Arbitrum, Optimism, Polygon, Blast, ZKsync, Zora Network, BNB Chain, Avalanche and Celo.
Source
/channel/DeFi_Ethereum
📣 Crypto.com Launches $DYDX On-Chain Staking in App
Crypto.com has introduced on-chain staking for $DYDX within its app. It allows users to engage directly with the dYdX Chain. This move aims to enhance user participation in decentralized finance (DeFi). It will enable them to stake $DYDX tokens and earn rewards of up to 12%. In particular, dYdX Chain is also well-known as one of the most popular decentralized exchange platforms focusing on perpetual contracts.
Source
/channel/DeFi_Ethereum
🪙 Chainlink Data Feeds Are Now Live on Starknet, Accelerating DeFi Development and Ecosystem Adoption Through the Chainlink SCALE program
Chainlink, the industry-standard decentralized computing platform, and Starknet, the secure scaling technology bringing Ethereum's benefits to the world, announced today that Chainlink Data Feeds, the industry-leading data solution for DeFi, are now live on Starknet mainnet. Starknet is an ecosystem that helps developers to overcome Ethereum's scalability limitations while ensuring computational integrity. The addition of Data Feeds offers support for developers who are building highly scalable and secure DeFi applications on Starknet.
Source
/channel/DeFi_Ethereum
📣 Lower interest rates could be the key to DeFi summer: HashKey Capital CEO
It’s been a wild ride in the markets in recent days. The United States Federal Reserve is forecast to cut interest rates in 2024, but uneven inflation prints and a somewhat contradictory jobs market have created a lack of consensus on the total number of rate cuts for the remainder of the year.
Source
/channel/DeFi_Ethereum
💰 PayPal founder and billionaire Peter Thiel says #Bitcoin is so big that society didn't even know how to process it
🤝 @Cryptocurrency_Inside ✅
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💰 PlayFi Genesis Nodes Sale: Explore Passive Income Opportunities
PlayFi, the decentralized AI and data network for live content, is offering a limited release of 1,000 Genesis Node licenses starting August 14. Priced at $400, these nodes feature AI processing and zk proof capabilities designed to generate passive income for node operators.
With over 120,000 transactions already on the testnet, PlayFi is moving forward by activating these initial nodes to support its network. Early participants will receive a 7,500 $PLAY airdrop bonus too.
This is an opportunity to engage with a pioneering blockchain project that bridges live content to actionable data.
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Telegram: /channel/+5hX1SW04KE45NzA1
📊 Pump.Fun Flips Ethereum Blockchain in Daily Revenue
Memecoin launchpad Pump.Fun posted the highest gross revenue in all of Decentralized Finance (DeFi) over the last 24 hours, surpassing even Ethereum. The platform amassed $867,429 in the last 24 hours, compared to Ethereum’s $844,276, according to DeFiLlama. Solana-based Telegram trading bot, Trojan, was the third-highest revenue generator of the day, as memecoin infrastructure continues to dominate in DeFi.
Source
/channel/DeFi_Ethereum
🔵 Aave's fee switch proposal sparks major rally in AAVE token
On Thursday, July 25, Marc Zeller, the founder of one of the top independent organizations providing services for Aave DAO, published a temperature check for a new Aave governance proposal that would lead to a “fee switch.” Among the various components, the proposal's “buy & distribute” program, which would use the protocol’s fee revenue to acquire or “buy back” AAVE on the secondary market, garnered significant attention.
Source
/channel/DeFi_Ethereum
🟠 Value DEX Launches on BNB Chain to Enhance DeFi Trading Experience
The DEX aggregator supports only those tokens that are launched on the BNB Chain, but this is set to change in the future. This is especially important for investors and stakeholders for the sustainable growth and development of Value DEX within the DeFi ecosystem. Attracting the audience to utilize Value DEX should involve persons who seek decentralization, fast execution of transactions, low charges, safety, and ease of navigating the platform. It provides a friendly trading environment that is favourable to traders.
Source
/channel/DeFi_Ethereum
⚪️ AlphaGrowth to Lead Compound DAO’s Strategic Expansion in DeFi
Compound DAO, a leading decentralized finance (DeFi) protocol, announced the formalization of a one-year partnership with AlphaGrowth, the DeFi operations firm. AlphaGrowth has a proven track record of accelerating multiple blockchain protocols and ecosystems. This strategic collaboration follows a successful five-month trial period that began in December and aims to drive sustainable revenue generation and solidify Compound’s position as a DeFi leader.
Source
/channel/DeFi_Ethereum
✖️ DeFi Exchange DYdX in Talks to Sell Derivatives Trading Software
DYdX Trading Inc., the developer of the namesake decentralized finance exchange, is in talks to sell some of its derivatives trading software for an undisclosed amount to a consortium that includes some of the biggest market makers in crypto, according to people with knowledge of the matter.
Source
/channel/DeFi_Ethereum
⬜️ OKX Wallet Integrates with Umami Finance to Enhance DeFi Accessibility
Leading global cryptocurrency platform OKX has today announced that it is integrating its exclusive wallet service with Umami Finance, a decentralized ecosystem of financial applications. The development brings a significant change in the cryptocurrency industry, as it helps to enhance customer access and make yield-generating products available easily through OKX Wallet.
Source
/channel/DeFi_Ethereum
🚨 DeFi Protocol Rho Markets Hacked for $7.6 Million
Rho Markets, a liquidity layer and lending protocol built on the Scroll network, has been compromised in an exploit draining over $7.6 million worth of cryptocurrencies. The stolen funds primarily consisted of USD Coin (USDC) and Tether USD (USDT), two major stablecoins pegged to the US dollar. Upon detecting unusual activity, Rho Markets promptly halted platform operations to prevent further losses.
Source
/channel/DeFi_Ethereum
🚨 Defi Protocol LI.FI Struck by $11M Exploit
Decentralized finance (DeFi) platform LI.FI protocol has been hit by a roughly $11 million exploit following a series of suspicious withdrawals, on-chain data shows. LI.FI is a protocol that allows users to trade across various blockchains, venues and bridges. It suffered a bug with its swapping feature in 2022, resulting in a $600,000 loss, PeckShield described the recent bug as "basically the same."
Source
/channel/DeFi_Ethereum
📣 DeFi Protocols Such as Lido Are Generating More Fees Than Layer 1 Blockchains
According to Ethan Francis, the head of protocol relations at Web3 infrastructure provider Particle Network, fees generated by DeFi projects will continue to grow in the next six to 12 months as a result of “chain abstraction,” in which end users conducting onchain transactions are not going to know which chains they are using.
Source
/channel/DeFi_Ethereum
📣 Exponential.fi Wants to Make It Easier to Invest in DeFi
Exponential.fi, best known as a crypto risk assessment platform, is launching a new product suite designed to make the world of decentralized finance (DeFi) less daunting for retail traders. The new platform, which has been available to a small number of beta testers for the past year, aims to serve as a one-stop shop for traders to identify, learn about and invest in crypto opportunities.
Source
/channel/DeFi_Ethereum
📊 Crypto hacks top $1.4B, MetaMask streamlines Web3 onboarding: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. This past week, significant new developments were announced by industry-leading Web3 firms, including MetaMask, Polygon and StarkNet. Each revealed promising new infrastructure developments that could bolster mainstream adoption.
Source
/channel/DeFi_Ethereum
