Category: DeFi News

DeFi Total Value Locked Hit ATH as Crypto Market Sees Resurgence

The decentralized finance (DeFi) ecosystem has printed its highest Total Value Locked (TVL) today, riding on the back of the resurgence in the broader market. Per data from DeFi Llama, the TVL covering all blockchain protocols is now pegged at $223.23 billion, a massive uplift from the $21.4 billion recorded from January 1 this year.  […]

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More People are Buying Ethereum and this On-Chain Metric Confirms the Trend

Ethereum (ETH), the world’s largest decentralized blockchain network is attracting more small-scaled to medium-sized retail buyers according to on-chain trends. Data from Glassnode analytics shows that the Ethereum number of addresses holding 32+ coins has just reached a 5-month high of 109,188, confirming an accumulation trend that peaked about a week ago. #Ethereum $ETH Number […]

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Polkadot (DOT) Price Analysis: Imminent Breakout of Symmetrical Triangle, Time to Buy the Dip?

Lark Davis, famous New Zealand-based crypto analyst stated reasons for his bullish position on the DOT token of the Polkadot ecosystem on 10 October. A notable reason being the announcement of Polkadot Parachains by Dr. Gavin Wood. Polkadot (DOT), now viewed by many analysts as layer-0, allows developers to build smart contract blockchains like ETH […]

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Total Value Locked in Defi crosses $200 billion for the first time

Defi dominance has skyrocketed in 2021, with recent reports displaying a Total value locked in DeFi hitting an all-time high at $210.5 billion today, according to Defi Llama charts. This is exceptional growth, especially when compared to last year’s October 8 records displaying just $8.61 Billion Total Value Locked in Defi. Image Source: Defi Llama  […]

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Hashed Rolls out Startup Studio to Explore Metaverse and NFT Space

South Korea-based blockchain-focused investment firm Hashed has announced the launch of its new startup studio to support and research new use cases of blockchain technology in the rapidly growing NFT space. Exploring the Full Potential of Blockchain In a press release today, Hashed noted that the studio, named UNOPND, will foster various creative projects with […]

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Multi-Billion Dollar Investment Management Firm cashes out from Stocks to invest in Defi

Dawn Fitzpatrick, CEO, and CIO of the $27 billion Soros Fund Management announced that the investment management giant has been liquidating the $5 billion it had invested in March 2020 during the Covid-19 triggered market instability. Furthermore, Fitzpatrick noted that the company will be redirecting its investment into Decentralized Finance. Defi Dominance over the “mainstream” […]

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Defi Hack Alert: StakeSteak lost nearly $200,000 in an exploit. Here’s what happened

The Defi protocol on the Fantom network, StakeSteak suffered an exploit today of 80,636 FTM along with 81,351 USDC, amounting to, $196,439. According to a Post-mortem release by the protocol, the hack was caused by a private key that was scraped from one of its repositories on Github that had been there for over 5 […]

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Defi Boom: Tezos ($XTZ) Hits New ATH on Back of 35% Weekly Gains, Here’s Why it Could Surge Further

Tezos ($XTZ), the sixth-largest Defi token by market cap hit a new all-time-high (ATH) of $9.18 as it extended its weekly gains over 35%. The Defi token has seen a 2X price surge since September end and the momentum has continued in October. The Defi token defied the market’s bearish trend towards the end of […]

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COMP Tanks 8% After Facing Second Exploit In Less Than a Week, Drains $21 Million

COMP, the native token of DeFi lending protocol Compound is down by another 8% today having faced its second exploit in less than a week’s time. This is a bit unfortunate for blue-chip DeFi platforms like Compound as it shakes the trust of investors. On the weekly chart, the COMP price is down by more […]

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