The decentralized finance (DeFi) sector has surpassed a significant milestone, with the total value locked (TVL) in DeFi protocols exceeding $100 billion. The surge in capital locked on-chain is primarily attributed to the renewed enthusiasm surrounding Bitcoin and the recent launch of spot Bitcoin (BTC) exchange-traded funds (ETFs) in January. According to DefiLlama, a prominent data…
Read more
The decentralized exchange (DEX) trading volume on the Solana (SOL) blockchain has skyrocketed, surpassing the $2 billion mark for four consecutive days, with a record-breaking trading volume of $2.85 billion achieved on March 5. According to DeFi TVL aggregator DeFiLlama, Solana DEXes recorded over $2 billion in trading volume over the past day, up by 153% in the…
Read more
The Injective Protocol, a decentralized exchange (DEX) platform focused on derivatives, has notified the broader community that the development of its Injective Ethereum Virtual Machine, known as inEVM, is now 98% complete. Injective inEVM loading A groundbreaking Ethereum rollup for hyperscaling multi VM development is nearly here. ▓▓▓▓▓▓▓▓▓▓▓▓▓▓░░ 98% — Injective (@injective) March 4, 2024…
Read more
Around $400 million in Ether (ETH) has been withdrawn from the Ethereum layer-2 network Blast after the launch of its mainnet on February 29 at 9:00 pm UTC, which unlocked nearly $2.3 billion in staked crypto that was previously locked up on the network. Blast, an optimistic rollup blockchain scaler, offers users up to a…
Read more
Cryptonews Podcast host Matt Zahab sat down once again with US-based blockchain entrepreneur and Founder of ETHDenver John Paller for another exciting interview. The two talked about ETHDenver setting the main themes for the year and what we may see in 2024. The founder further explained how investing in UI, UX, and specific tools leads to…
Read more
Layer N, a roll-up network focused on scaling financial applications on Ethereum, has appointed Luc Froehlich, a former executive at Fidelity International based in Hong Kong, to its advisory board. Froehlich previously served as the global head of digital asset solutions at Fidelity International, where he led the company’s exploration of cryptocurrencies and tokenized assets…
Read more
Self-custody crypto wallet MetaMask announced today it would extend default security alerts to web extension and mobile app users across multiple blockchains. In an X post, the Ethereum-based wallet said in addition to Ethereum, its MetaMask Security Alerts would now be available on Linea, BNB Smart Chain, Polygon, Arbitrum, Optimism, and Avalanche. Privacy-focused MetaMask Security…
Read more
[toc] What Is SUI? Sui (pronounced “Swee”) is a decentralized Layer 1 proof of stake blockchain, meaning it serves as the foundational infrastructure for verifying and processing transactions, similar to Bitcoin and Ethereum. Layer 1 blockchains are the backbone that supports a specific token or a network of different tokens. Sui was developed by Mysten…
Read more
Key Findings: In 2024, the DeFi sector is projected to record a 47.5% revenue increase to $26.15 billion. Between 2023 and 2027, DeFi market revenue is projected to rise to $18.28 billion, representing a 103% increase. The DeFi user base in the USA will increase by 95%, from 8,673,000 in 2023 to a whopping 16,920,000…
Read more
The Sei (SEI) Network is a Cosmos-based layer-1 blockchain that aims to change the world of digital asset trading, especially in the decentralized exchange (DEX) ecosystem. It was specifically designed for the world of trading, featuring various sectors of the cryptocurrency space spanning GameFi, NFTs, and, most especially, decentralized finance (DeFi). Sei is positioned as…
Read more
