Sky, the DeFi lending protocol that was formerly known as Maker, has rolled out its USDS stablecoin on the Solana blockchain. According to the official announcement, Sky said the launch positions USDS as “the first major DeFi-native stablecoin on Solana,” offering new avenues for borrowing, lending, and trading on the blockchain’s leading DeFi platforms. “Today’s…
The Bank for International Settlements (BIS) has revealed that institutional players dominate liquidity provision on decentralized exchanges (DEXs) like Uniswap, according to a Nov. 19 report, In a recent report titled “Decentralized Dealers,” the BIS analyzed the behavior of sophisticated and retail participants in Uniswap v3’s liquidity pools. The study examined their responses to market activities…
Leading decentralized finance (DeFi) protocol Aave has achieved a remarkable milestone, hitting $10 billion in active loans. It marks a 300% rise in lending activity from the start of the year when the figure stood at $3.4 billion. DeFi Renaissance Data from the on-chain DeFi tracking platform Token Terminal shows that in the last 30…
November 20, 2024 at 12:20 PM GST updated: November 20, 2024 at 12:14 PM 2 mins read Crypto Live News Sky launches USDS on Solana, boosting DeFi liquidity with rewards for early adopters and liquidity providers. Solana gains its first major DeFi-native stablecoin as Sky integrates USDS via Wormhole’s token transfer system. Sky plans SkyLink…
November 20, 2024 at 02:30 AM GST updated: November 19, 2024 at 06:54 PM 6 mins read Press Release November 2024 is proving to be an exciting month for cryptocurrency, with major players in the space shaking things up. Chainlink (LINK) has been making headlines, with its price seeing a notable rise due to the…
Spark Liquidity Layer automates multi-chain USDS and sUSDS liquidity management, boosting DeFi efficiency and scalability. Cross-chain swaps with no slippage and stable borrowing rates redefine multi-chain stablecoin functionality. The Spark team has made a huge step forward in stablecoin growth with the release of the Spark Liquidity Layer. For USDS and sUSDS stablecoins, this novel…
November 18, 2024 at 03:20 PM GST updated: November 18, 2024 at 12:43 PM 2 mins read News Stacks’ Nakamoto upgrade boosted speed, security, and adoption, with revenue up 519% and transactions rising 118%. sBTC integration on Solana and Aptos enhances Stacks’ DeFi potential, attracting institutions like Grayscale and Crypto.com. STX enters Peru’s defense market…
Este artículo también está disponible en español. As Donald Trump prepares to take office for another term, speculation is intensifying regarding the future of crypto regulation, particularly concerning the leadership of the US Securities and Exchange Commission (SEC). Recent social media posts by FOX journalist Eleanor Terret suggest that SEC Chairman Gary Gensler may be…
November 17, 2024 at 03:45 AM GST updated: November 16, 2024 at 08:35 PM 3 mins read Press Release Investors are abuzz with speculation as a newcomer in the crypto market, ZircuitDEX (ZDEX), shows signs of reaching the $1 mark ahead of established players like XRP. The factors driving this potential surge are stirring curiosity…
WLFI’s partnership with Chainlink aims to provide a secure infrastructure for its DeFi initiatives, leveraging Chainlink’s technology to improve data flow and cross-chain interoperability. Inspired by Donald Trump’s vision of financial accessibility, WLFI seeks to bridge Web2 and Web3 environments with user-friendly tools to drive DeFi adoption and simplify digital finance. World Liberty Financial (WLFI)…
Phantom, a Solana-based decentralized finance (DeFi) wallet, has issued an urgent update for its iOS app. This follows reports that a bug unexpectedly logged some users out of their accounts. The glitch prevented several iOS customers from accessing their wallets unless they had backed up their recovery phrases. Users Locked Out of Their Wallets “We’re…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this…
World Liberty Financial (WLFI), a DeFi project backed by US President-elect Donald Trump, has partnered with Chainlink to accelerate DeFi adoption. This new alliance, announced on Nov. 14, names Chainlink as WLFI’s primary provider for on-chain data and cross-chain connectivity. The Oracle blockchain network would support the DeFi project’s upcoming launch on the Ethereum mainnet….
November 14, 2024 at 04:15 AM GST updated: November 13, 2024 at 02:48 PM 2 mins read News STON.fi’s cross-chain functionality and RFQ model offer low slippage, enhanced liquidity, and efficient cross-chain trading without intermediaries. Aark’s unique platform offers perpetual trading with low fees and a gasless environment, backed by strong partnerships for asset security….
Este artículo también está disponible en español. Ethereum (ETH) appears to be finally waking from its slumber, surging nearly 37% in the past week following Bitcoin’s (BTC) all-time-high (ATH) rally. Spot Ethereum ETFs Record Daily Inflows Ethereum, the second-largest cryptocurrency with a market cap of approximately $404 billion, is now gaining ground on BTC, with…
Binance Chain secures $10M in Google Cloud credits to boost its MVB Program, supporting AI, DeFi, and NFT projects. With over 4,000 dApps, Binance Chain continues to grow as a hub for decentralized innovation, leveraging Google Cloud for operational scaling. In a very strategic move, Binance Chain has gained $10 million in cloud service credits…
November 12, 2024 at 07:00 PM GST updated: November 12, 2024 at 05:41 PM 4 mins read Press Release In the advancing landscape of blockchain and financial services, firms are taking decisive steps to boost both security for users and the ease of access. NGRAVE’s new partnership with MetaMask enhances the safety of Web3 engagements,…
November 12, 2024 at 04:40 PM GST updated: November 12, 2024 at 03:06 PM 2 mins read News Scallop’s double-bottom pattern hints at a bullish breakout, targeting $0.81, $1.10, and $1.31 as momentum builds on Bybit. Growing support around $0.30-$0.35 could fuel SCA’s potential rally, as price action shows a promising reversal signal. Repeated tests…
November 11, 2024 at 07:00 PM GST updated: November 11, 2024 at 05:53 PM 5 mins read Press Release The push for greater integration between traditional finance and digital assets intensifies, and new solutions are shaping the way users interact with cryptocurrencies. Coinbase’s bitcoin-backed cbBTC token on Solana aims to rejuvenate the DeFi scene following…
Ethereum’s first-mover advantage has never been overcome and to this day it remains the foundation of the DeFi industry, with more than 50% of the total value locked in blockchain-based protocols. But Ethereum’s dominance has led to significant challenges for DeFi protocols, as the world’s number one smart contract network has significant limitations in terms…
Animoca Brands – the Hong Kong-based Web3 giant – led the venture landscape in October, signaling broader ambitions across different sectors. Messari reported that Animoca made nine investments, surpassing other active entities such as CMS Holdings, which made seven, and Hack VC with six. Animoca Brands Pushes Venture Limits in October Traditionally known for its…
AAVE showed bullish momentum recently, as observed in its aggressive rebound off the $130 level, swiftly reclaiming the range high around $180. This action confirmed strong buyer interest at lower prices, effectively turning previous resistance into a support zone. The surge propelled it through several resistance levels without notable retests, indicating an overwhelming bullish sentiment….
As of press time, the crypto economy is sitting at a hefty $2.69 trillion, with the digital currency market posting substantial gains this week. Over the weekend, the total value locked (TVL) in decentralized finance (defi) climbed past the $100 billion mark. Defi TVL Crosses the $100B Mark Reaching this benchmark took a while, but…
November 9, 2024 at 07:03 PM GST 2 mins read News Trump’s Ethereum stake grew 10% in 2024, increasing his digital asset value. The WLFI token sale faced low interest, reaching only half of its revised funding target. Market watchers suggest Trump’s administration could drive crypto growth through regulation. President elect Donald Trump’s financial disclosure…
The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock. DeFi is driving one of the most aggressive waves of innovation in decades. While it may feel like an established sector to some, DeFi is still rapidly evolving, continually introducing tools with the potential to redefine traditional finance. Here’s a look at…
Synthetix acquires Kwenta, regaining front-end control to unify strategic goals and boost ecosystem alignment. The acquisition aims to streamline product development, enhance branding, and improve B2B offerings in DeFi. Synthetix acquired Kwenta, the top perpetual trading platform in its ecosystem. Approved by SIP-411 by the Spartan Council and KIP-138 by the Kwenta Council, this strategic…
As the Decentralized Finance (DeFi) dominance debate continues in the broader cryptocurrency space, every investor will continue to have their preferences. As an anchor, an investor might choose utility, gas fee, transaction speed, or throughput. The debate this time focuses on Ethereum (ETH), the leading altcoin, and Solana (SOL), its biggest competitor. Brandt’s Analysis: SOL’s…
The decentralized finance (DeFi) sector has experienced explosive growth over the years, but several challenges are causing slower institutional adoption. With its total value locked above $100 million, DeFi has yet to remove the strongholds preventing institutions from getting involved in the sector. Crypto market intelligence platform IntoTheBlock believes these challenges are multifaceted; hence, DeFi…
BlockTower Capital’s crypto investments’ current valuation is $16.3 million. Uniswap (UNI) is the dominant DeFi token in the firm’s portfolio. Crypto investment firm BlockTower Capital reportedly purchased $7 million in prominent DeFi tokens from various crypto trading platforms in the last 12 hours, as tracked by blockchain analytics platform Lookonchain. As Lookonchain reports, the firm’s…
Este artículo también está disponible en español. Spark, a decentralized trading protocol, announced the first fully on-chain order book for the Ethereum ecosystem. Launching on Fuel Network, the project aims to provide solutions for some of the limitations in the Decentralized Finance (DeFi) landscape and offer traders fast, secure, and transparent trading with minimized state…
Recently, Paradigm Capital moved approximately $96.6 million worth of Lido DAO (LDO) tokens (70 million LDO), in which 8.18 million LDO ($11.29 million) was sent to Coinbase Prime and 61.82 million LDO ($85.31 million) sent to what appears to be a new wallet. So, Paradigm’s recent move seems like they are playing the long game…
RWA protocols rise as investors seek stability amid DeFi volatility. Inflation, regulations drive demand for asset-backed DeFi through RWA protocols. In 2023, Real World Asset (RWA) protocols are carving a notable niche in the decentralized finance (DeFi) landscape, signaling an evolution toward asset-backed stability within the sector. According to recent data from IntoTheBlock, RWAs have…
According to the latest data, the crypto economy’s 2.45% climb over the last day is pushing the total value locked in decentralized finance (defi) protocols tantalizingly close to a $100 billion milestone. $100 Billion in Sight in the Wide World of Defi Protocols As of 11 a.m. Eastern Time (ET) on Thursday, the total value…
November 7, 2024 at 09:25 PM GST updated: November 7, 2024 at 04:25 PM 2 mins read News ETH’s recent price bounce may signal a shift, contingent on maintaining a higher low. Macro events like U.S. unemployment data continue to impact ETH trends. DeFi growth provides potential support for ETH’s price recovery trajectory. ETH’s price…
Ethereum surges 10%, trading above $2,850 with a strong market cap. DeFi rises 13.59%, while ETH/BTC gains 8.5%. The global crypto market cap has climbed to $2.51 trillion, reflecting a 1.44% increase in the past day. Ethereum (ETH) has been a standout performer, surging over 10% in the last 24 hours and breaking above $2,850,…
Ethereum’s recent performance has many wondering if the cryptocurrency is on the rise again, and with Donald Trump potentially bringing in a crypto-friendly administration, the conditions could be right for a new DeFi surge. Ethereum (ETH) just broke past the $2,800 mark—its highest level since August, pulling it out of a slump where it lingered…
As Bitcoin crosses above the $74,000 mark amid Trump’s political win in the United States presidential elections, the altcoins are on a bull run. Among the altcoins, the DeFi tokens are signaling breakout rallies and registering double-digit gains. As the November rally picks up pace, will the DeFi tokens become the superstars of this bull…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Decentralized Finance (DeFi) tokens have experienced an impressive surge in a stunning turn of events. Tokens such as Aave (AAVE) surged by over 24%, and Uniswap’s UNI climbed a remarkable 30% in just 24 hours. This surge comes amid the broader market shift following Donald Trump’s unexpected victory in…
November 6, 2024 at 08:30 PM GST updated: November 6, 2024 at 07:12 PM 4 mins read Press Release A little-known cryptocurrency, priced under a penny, is catching the attention of industry veterans. Whispers in the crypto community hint at significant potential for massive growth. Experts are forecasting an astonishing 10,000% increase in value within…
Ethereum has set a new record, with a whopping 42.6% of all Ethereum now locked in smart contracts. This milestone underscored the growing confidence and reliance on Ethereum’s blockchain for various decentralized applications and financial agreements. As the backbone of decentralized finance (DeFi) and various other blockchain initiatives, the increased allocation of Ethereum to smart…
November 6, 2024 at 02:40 PM GST updated: November 6, 2024 at 12:36 PM 2 mins read News Crypto startups saw a 30% VC funding increase in October, driven by infrastructure and gaming investments. Blockchain gaming funding surged 75%, with Azra Games securing $42.7M from top venture capital firms. DeFi sector funding rebounded to $98M…
DeFi TVL reached $192 billion in 2024, marking the highest level in 15 months and signaling renewed growth. RWA now account for 3.69% of DeFi’s TVL, with MakerDAO leading the asset integration trend. The DeFi sector has experienced significant growth, with a tremendous increase in Total Value Locked (TVL) since the explosive time known as…
November 6, 2024 at 04:55 AM GST updated: November 6, 2024 at 03:29 AM 2 mins read News KuCoin lists bitSmiley (SMILE), a BTC-native stablecoin, enhancing DeFi capabilities on the Bitcoin blockchain. SMILE is set to trade with USDT on KuCoin, aiming to bring Bitcoin liquidity to multi-chain DeFi. bitSmiley combines stablecoin, lending, and derivatives…
The stablecoin supply of Tron has grown to almost $63 billion. Tron’s recent minting of $1 billion in USDT signals its role as a major player in the DeFi space. Will this put pressure on Tron’s price and send it as high as $0.200? $1B Minting USDT on Tron, What do Charts Say? 1 Billion…
November 4, 2024 at 03:45 AM GST updated: November 4, 2024 at 04:27 AM 2 mins read News XRPL’s new Price Oracle amendment leverages Band Protocol and DIA to enhance real-time DeFi data accuracy on XRP Ledger. The XRP Ledger’s Price Oracle is protocol-native, ensuring secure, in-built data feeds without relying on Layer 2 solutions….
Este artículo también está disponible en español. Solana continues to prove that it’s one of the top blockchains for this cycle. After its rally, which gained 35% over the past 60 days, the popular Layer 1 blockchain is back in the news with more on-chain activities. According to recent data, Solana’s DeFi Total Value Locked…
November 4, 2024 at 01:23 AM GST updated: November 3, 2024 at 06:12 PM 3 mins read News Optimism’s layer-two Ethereum scaling solution boosts transaction efficiency for 97 protocols with $500 million in total value locked. Sui blockchain’s user-friendly innovations like zkLogin and sponsored transactions offer new ways to streamline digital interactions. Avalanche processes 4,500…
November 3, 2024 at 08:30 PM GST updated: November 3, 2024 at 03:57 PM 3 mins read Press Release In decentralized finance, projects like Chainlink and Uniswap are gearing up for significant gains. Their advancements are catching attention, but a newcomer named CYBRO is introducing innovations that could surpass them. This article explores how CYBRO’s…
Este artículo también está disponible en español. World Liberty Financial, a decentralized finance (DeFi) initiative endorsed by former President Donald Trump, has disclosed that its ambitious $300 million crypto token offering is largely aimed at international investors. To date, fewer than 350 US investors have engaged with the project, raising questions about its domestic appeal…
Este artículo también está disponible en español. A recent report from crypto data and research firm Messari has shed light on the performance of the Solana (SOL) ecosystem during the third quarter of 2024. The report highlights a mixture of growth and challenges faced by the blockchain amid broader volatility in the cryptocurrency market during…