DeFi – Page 28 – Ƀitsell X

Today in Crypto: Matr1x Gaming Platform Raises $10 Million, Bybit’s Portfolio Margin Mode Gets Spot Trading Capabilities, MapMetrics Expands to Peaq Blockchain

November 23, 2023

Source: matr1x.io/games Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Investment news Matr1x, the platform facilitating the mobile shooting game Matr1x Fire within the Web3 domain, secured an additional $10 million in its recent A-2 financing round, following successful fundraising in…
Read more

KyberSwap DEX exploited for $46 million, TVL tanks 68%

November 23, 2023

The DEX aggregator has been exploited across multiple blockchains with millions in wrapped Ether and other assets stolen. Around $46 million in various crypto assets has seemingly been drained from the decentralized KyberSwap exchange in the latest decentralized finance exploit. On Nov. 23, the Kyber Network team alerted its users stating in an X (Twitter)…
Read more

DeFi gathering momentum, Ethereum Gas Fees Rising: Why Is Uniswap (UNI) Stuck?

November 22, 2023

Decentralized finance (DeFi) activity on Ethereum is picking up momentum based mainly on how gas fees have been trending in the first three weeks of November, data from Kaiko shows. Even so, despite Uniswap (UNI) spearheading the revival, looking at the gas attributed to its activities over this period, UNI prices remain stagnant below $5.6, with…
Read more

De.Fi 2.0: Revolutionizing SocialFi & Antivirus, Secures $5 Million in Funding

November 21, 2023

Source: Adobe / BeNeDak De.Fi, a platform that describes itself as a “SocialFi & Antivirus SuperApp,” has achieved a major milestone with the introduction of decentralized finance (DeFi) platform De.Fi 2.0, along with an ongoing public sale of its DEFI token. So far, the project has successfully raised $5 million, with the sale still open…
Read more

Defi’s 30-Day Rise — TVL Increases by $9.3 Billion With Rocket Pool Leading the Pack

November 20, 2023

Since October 18, 2023, the aggregate value locked in decentralized finance (defi) has witnessed a substantial augmentation of $9.3 billion within a one-month span. Among the leading ten defi protocols, Rocket Pool, known for its liquid staking services, achieved the most notable growth, soaring by 26.94% during the preceding 30 days. Defi TVL Swells by…
Read more

Thorchain Rises to Third in Decentralized Exchange Rankings, Hits $1.8B Weekly Trade Volume

November 19, 2023

In the past week, trading activity on the decentralized exchange (dex) Thorchain has experienced a significant surge, reaching $1.854 billion in trade volume. Data shows that Thorchain is currently the third-largest dex in terms of volume, following the popular dex protocols Uniswap and Pancakeswap. 2% of Global Bitcoin Spot Trading Channeled Through Thorchain In the…
Read more

dYdX DEX and YFI Token Hit by $9 Million Targeted Attack – Here’s What Happened

November 19, 2023

Image Source: Unsplash Decentralized exchange dYdX has used its insurance fund to cover losses amounting to $9 million resulting from a “targeted attack” against the exchange. In a Saturday post on X (formerly Twitter), the dYdX team said that the v3 insurance fund was deployed “to address gaps in the liquidation process within the YFI…
Read more

3 metrics DeFi traders can watch in order to spot the next crypto bull market

November 18, 2023

TVL, fee revenue and wallet activity are just three metrics investors can use to assess the health of the DeFi sector. The decentralized finance (DeFi) market has been one of the most exciting and volatile sectors in the crypto outside of Bitcoin (BTC). In 2020, the DeFi sector experienced a bull market that saw the…
Read more

Pyth Airdrop: Ethereum, Solana, and Aptos Set to Benefit from New Platform Launch – Here’s How to Check Eligibility

November 17, 2023

Source: Adobe / Vladimir Kazakov DeFi oracle network Pyth has announced the launch of its airdrop campaign, which will distribute approximately 255 million PYTH tokens to its users and community members. In a recent post on X (formerly Twitter), the project said the airdrop is set to commence on November 20 at 2:00 pm UTC. …
Read more

Sushi taps into ZetaChain to begin testing native Bitcoin DeFi swaps

November 17, 2023

Decentralized exchange Sushi will test native Bitcoin DeFi functionality that promises to allow users to swap BTC across 30 blockchain networks. DeFi platform Sushi has partnered with interoperability platform ZetaChain to explore the possibility of native Bitcoin (BTC) swaps for its users across 30 different blockchain networks. Sushi’s deployment of its decentralized exchange (DEX) on…
Read more

Tag: DeFi