Tag: DeFi

Will New DeFi Protocol Sushiswap’s Growth Eclipse That of Uniswap’s?

Will New DeFi Protocol Sushiswap’s Growth Eclipse That of Uniswap’s?

Decentralized exchange (DEX) Uniswap has barely enjoyed the spotlight under the recent DeFi craze before a significant contender appeared last week, named Sushiswap. While its name seemingly reflects some buffoonery in a market where dozens of DeFi protocols and tokens are created and then dumped shortly after on a day-to-day basis, the statistics show that […]

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TRON’s Justin Sun Creates Namesake DeFi Coin, And Yes, The Name is $SUN

TRON’s Justin Sun Creates Namesake DeFi Coin, And Yes, The Name is $SUN

TRON founder Justin Sun today announced the creation of a new coin – a DeFi token, to be exact, as the popular crypto industry personality jumps on the decentralized finance bandwagon with his very own $SUN token, available from September 16 onwards. Unveiled via his Twitter account, Sun states that the project is “manifesting total […]

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Aave Grows by More Than 20,000% Since Sept 2019; Hits All-Time High at $0.88 in August

Aave Grows by More Than 20,000% Since Sept 2019; Hits All-Time High at $0.88 in August

The DeFi craze has propelled more than a handful of DeFi tokens, both new and old alike, to new heights in a short few months. It was only recently that Chainlink (LINK), the DeFi sector’s largest cryptocurrency by market capitalization, rose to fifth place in the cryptocurrency market, overtaking both Cardano (ADA) and even Bitcoin […]

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New Binance DeFi-Based Index & Futures Contracts Launched

New Binance DeFi-Based Index & Futures Contracts Launched

The world’s largest cryptocurrency exchange has been swift to leverage on this year’s explosive DeFi boom, providing support for new DeFi tokens on its exchange platforms. Binance’s CEO Changpeng Zhao (CZ) hinted that new DeFi-related developments at Binance were in progress in an August 11 video interview with crypto Youtube channel Boxmining and sure enough, […]

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“Actual” Total Value Locked in DeFi is Only About 50% of Reported Value: Analyst

Reportedly, the recursive compounding of collateral on different DeFi project using the same initial capital tends to inflate the value locked in DeFi by almost 50%.  Data analytics websites reporting the ‘total value locked’ in DeFi, determine the value by analysing individual projects. However, the ecosystem has remarkable interoperability. DAI loaned in one project is […]

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DEX Aggregator 1inch Raises $2.8 Million in Funding Round Led by Binance Labs & More

DEX Aggregator 1inch Raises $2.8 Million in Funding Round Led by Binance Labs & More

The latest of rising stars in the DeFi sector, decentralized exchange (DEX) aggregator 1inch recently closed a funding round led by Binance Labs and other institutional players in the market, such as Galaxy Digital, Dragonfly Capital, FTX, Loi Luu, the Founder of Kyber Network, Illia Polosukhin, the Co-Founder of NEAR Protocol and others. 1inch has […]

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