Friend.tech, a blockchain-based platform that allows users to buy and sell digital tokens connected to their favorite influencers, has lost steam after its splashy debut. The project became the highest-earning service provider in decentralized finance shortly after its release. However, its rise was short-lived, with fees plummeting and user numbers dwindling…. Read More: The Swift…
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A hostile takeover could by underway for decentralized finance (DeFi) resource DefiLlama, as an internal rift among key team members has been exposed. The internal rift is related to the launch of a token for DefiLlama called LLAMA, which is to be launched by DefiLlama’s top management without the support of key employees, several anonymous…
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DeFi platforms lost over $21 million to hackers throughout February, according to data released by DeFi project aggregator DefiLlama. Reentrancy, price oracle attacks and exploits across seven protocols caused the decentralized finance (DeFi) space to bleed at least $21 million in crypto in February. According to DeFi-centric data analytics platform DefiLlama, one of the largest…
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Approximately nine days ago, the total value locked (TVL) in decentralized finance (defi) across various blockchains was around $176 billion. At that time, bitcoin ($49,937) and ethereum ($3,886) fiat values were much higher. Despite the fact that the crypto economy and these coins have dipped in value, the TVL across defi has continued to rise,…
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