2020 has been a stellar year for blockchain technology, laying important foundations for the year ahead. January will mark 12 years since the Bitcoin genesis block. In that time, blockchain technology has made many significant strides forward. The launch of Ethereum in 2015 introduced smart contracts and token minting. Subsequent years saw developments in areas,…
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One serial DeFi user now controls around 11% of 1INCH token supply following the exchange’s governance token distribution event. On Christmas day, decentralized exchange aggregator service 1inch has released its governance and utility token. As part of the launch, the platform airdropped 90 million 1INCH tokens to users who had previously traded on the exchange.…
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When it comes to billion-dollar crypto projects, DeFi certainly took the lead this year. A number of decentralized finance protocols experienced volatility around the $1 billion mark in 2020, briefly making some of them unicorns in the crypto space. Though the 2020 numbers are comparable to the number of projects that emerged as unicorns during…
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DeFi exploits are too common for mass adoption. But there are solutions to the oracle problem. It seems like every week we hear news of another DeFi project being hacked or exploited. The latest crop of victims includes such projects as Harvest Finance, Akropolis, Value DeFi, Origin and of course Compound. When exploits do occur,…
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There are several factors why SNX has seen some impressive gains over the past month. Synthetix Network Token (SNX), the native token of Synthetix — a decentralized finance derivatives protocol — has been surging throughout the past week and is now worth over $7.87 as of Dec. 23. The primary catalyst behind SNX has been…
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Experts in blockchain technology and the crypto space take on the question: What impact has DeFi had in 2020, and what can we expect in 2021? Figuring out the point at which decentralized finance began almost always ends up in a rhetorical debate. Some argue that Bitcoin’s (BTC) invention a decade ago marked the start…
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DeFi, like crypto as a whole, features brilliant and questionable projects in equal measure. As 2020 comes to a close, it’s a good time to reflect on the biggest crypto developments and the wild ride the sector took investors on. At the beginning of the year, Bitcoin (BTC) was hovering just above $7,000, and the…
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A new pool allows European and Asian users to avoid U.S. dollar exposure. Decentralized stablecoin exchange Curve Finance has added the euro as a secondary currency option following demand from users. As announced in a tweet on Sunday, Curve now has a liquidity pool for switching between the Stasis Euro (EURS) stablecoin and a synthetic euro, sEUR,…
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When NFTs and crowdfunding meet, game developers and players can both win On December 6th, just two days after the start of a NFT-backed “card pack” sale for their blockchain-based video game Alien Worlds, the 15-man team behind development studio Daococo sold out of packs after having successfully raised $250,000. While a quarter million might…
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In a promising sign for the DeFi space, another project devotes itself to complete user compensation following an exploit In a blog post on Saturday night, Warp Finance — the latest decentralized finance (DeFi) protocol to suffer a smart contract exploit — announced promising strides towards recompensating users following a nearly $8 million flash loan…
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