Tag: DeFi

Solana Reaches Record High in TVL on DeFi Protocols While SOL Price Soars

Solana Reaches Record High in TVL on DeFi Protocols While SOL Price Soars

Solana – the fast-rising public blockchain platform – has reached an all-time high in TVL on its Defi protocols. This comes amidst a booming cryptocurrency market in which altcoins are beginning to reclaim market share. According to Defi Llama, the TVL in DeFi on Solana reached a new record of $12.7 billion earlier on October […]

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The Economist magazine plans to sell its DeFi front cover as an NFT

The Economist magazine plans to sell its DeFi front cover as an NFT

The Economist, the venerable British magazine, has announced a plan to auction off the front cover of its September 18 edition as a non-fungible token (or NFT). The cover — which parodied a scene from Alice in Wonderland by placing Alice and the white rabbit on the verge of a rabbit hole filled with tokens […]

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Solana-based asset management platform Synchrony raises $4.2 million

Solana-based asset management platform Synchrony raises $4.2 million

Synchrony Finance, a Solana-based asset management protocol, has raised $4.2 million in strategic funding. The funding was secured in two rounds — seed and private — and both were via Simple Agreement for Future Tokens (SAFT) sales, Synchrony co-founder Andrew Fraser told The Block. Investors in the rounds included Sanctor Capital, Wintermute Trading, GBV Capital, […]

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Ethereum Jumps 21% Higher This Week, Second Largest Crypto Market Nears All-Time High

Ethereum Jumps 21% Higher This Week, Second Largest Crypto Market Nears All-Time High

After bitcoin reached its all-time high (ATH) on Wednesday, the second-largest crypto asset in terms of market capitalization, ethereum, is nearing its own ATH. The last time the crypto asset hit an ATH was five months ago on May 12. Ethereum Climbs 46% in 30 Days, Commands Half Trillion Market Cap The digital currency ethereum […]

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Layer by Layer Issue 12: Polkadot, Fantom, Harmony, and Avalanche

Layer by Layer Issue 12: Polkadot, Fantom, Harmony, and Avalanche

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding As the crypto markets enter into new all-time highs, DeFi protocols within L1 ecosystems continue to play crucial roles in attracting and retaining […]

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Zaki Manian’s DeFi project Sommelier raises $23 million in Series A funding

Zaki Manian’s DeFi project Sommelier raises $23 million in Series A funding

Sommelier Finance, a crypto project that helps automate DeFi trading, has raised $23 million in a Series A funding round. The round was led by Polychain Capital, with participation from existing investor Alameda Ventures and new investors Zola Ventures, Byzantine Ventures, Tendermint Ventures, Secure Ventures, D1 Ventures, and Ferngrove Ventures. Sommelier was founded in 2020 […]

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Stablecoin USDC Launches on Hedera Network

Stablecoin USDC Launches on Hedera Network

Circle announced today the launch of its trademark stablecoin USDC on top of the Hedera network. This action is part of the multichain commitment that Circle announced earlier this year, with the objective of further expanding the reach of the currency in the cryptocurrency market. With the addition of USDC as the first stablecoin in […]

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Lending platform Sublime, which lets users stake their ‘digital reputations,’ raises $2.5 million

Lending platform Sublime, which lets users stake their ‘digital reputations,’ raises $2.5 million

There is a new DeFi lending platform in the market that wants to let users stake their “digital reputations” to access loans. Called Sublime Finance, the platform wants to help borrowers tap into their “social capital.” Sublime has received backing from investors such as Galaxy Digital and Electric Capital, both of which co-led its $2.5 […]

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Less than three weeks in, quarterly investment in European crypto companies hits new highs

Less than three weeks in, quarterly investment in European crypto companies hits new highs

Investment in crypto and DeFi businesses in Europe has already surpassed quarterly records, just a few weeks into the fourth quarter. Data from startup analytics platform Dealroom puts fourth quarter investment in crypto businesses in Europe and the United Kingdom at €793 million (roughly $925 million). The bulk of that total comes from massive fundraises […]

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