The total supply for DAI tripled since June as the community keeps raising the supply limits to bring the peg down to $1. The MakerDAO community approved and executed a vote on Thursday to almost double the total debt ceiling, which indicates how much Dai (DAI) can be minted by its users. An announcement by…
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Binance owned Trust Wallet has hit a five million user milestone, it is now delving into the DeFi sector. Crypto giant Binance acquired Trust Wallet two years ago today. In that short space of time, the service has managed to amount 5 million users, and it is now expanding into the burgeoning DeFi sector. In…
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Aave’s LEND token continues to rally after DeFi protocol introduced staking rewards in its Aavenomics proposal. On July 29 the price of Aave (LEND) surged 23% as the project released its tokenomics update proposal called Aavenomics. The upside move brought LEND’s market cap to $447 million and will surely have investors curious on whether the…
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Ethereum celebrates its fifth anniversary but can’t seem to step out of Bitcoin’s shadow in the mainstream press. Ethereum’s perception in the media has been on a roller-coaster ride since its inception in 2015, but the blockchain and its native Ether (ETH) cryptocurrency are clearly still seen as being in second place behind Bitcoin (BTC).…
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Ethereum addresses in profit now exceed the total number of addresses with a Bitcoin balance. With Ethereum’s recent price rise above $300, there are now more ETH addresses in profit than the total number of addresses holding any amount of Bitcoin. Blockchain statistics indicate that the total number of ETH addresses in the green is…
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With the value of funds locked in DeFi almost quadrupling in less than two months, the community is debating whether DeFi is in a bubble. Data published by crypto market analytics firm Messari on July 29 indicates that the collective capitalization of the decentralized finance (DeFi) sector is equal to only 1.5% of the entire…
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Mainframe plans to integrate Sablier’s money streaming technology into a fixed-rate lending protocol and create tokenized debt markets akin to digital bonds. Blockchain firm Mainframe has acquired Sablier, an Ethereum-based protocol for real-time finance. Mainframe plans to integrate Sablier’s money streaming technology into a fixed-rate lending protocol and create tokenized debt markets akin to digital…
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MakerDAO posts records in value locked as yield farmers create new Dai and Ether rallies. MakerDAO (MKR), the foundational protocol of decentralized finance on Ethereum, hit a new all-time high in the total value locked in its vaults. According to data from Defipulse, the value of the collateral locked in MakerDAO vaults is now slightly…
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The price of Ether has hit a new yearly high at $322, as three key factors appear to be catalyzing the rally. The price of Ethereum (ETH) has reached a new yearly high at $322, surpassing the previous high achieved in February 2020. Three key catalysts are seemingly behind the ETH rally. Since early 2020,…
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Crypto exchange Poloniex adds another DeFi token to its innovation zone. Crypto exchange Poloniex announced it has added the DeFi token Decentr to its DeFi Innovations Zone. Decentr, an immutable platform that collects and secures user data, allows people to monetize their internet activity. Its native toke, DEC, is used to buy and sell data…
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