DeFi – Page 29 – Ƀitsell X

Crypto Exchange PancakeSwap Expands into Gaming with New Marketplace – Earn CAKE for Playing Games?

November 16, 2023

Source: pancakeswap.games Decentralized exchange (DEX) PancakeSwap has launched its Gaming Marketplace, enabling developers to directly build, publish, and update games on the platform to an audience of 1.5 million potential players. Per the announcement, the platform is also a hub for the community to explore games that feature ecosystem elements, including its coins and non-fungible…
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Solana (SOL), Avalanche (AVAX) and dYdX produce double-digit gains as Bitcoin reclaims $37K

November 16, 2023

SOL, AVAX and DYDX rank among the top-performing altcoins this month. Cointelegraph investigates what is behind the move. On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains, with each…
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Opyn DeFi protocol founders are leaving crypto after CFTC crackdown

November 14, 2023

Two of the founders of crypto options platform Opyn are stepping down from leadership roles to pursue other aims, but Opyn will continue under new leadership. Zubin Koticha and Alexis Gauba, two founders of the Opyn decentralized finance (DeFi) protocol, are stepping down from the project and “leaving crypto,” according to a statement from Koticha…
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Uniswap’s Financial Win: New Fee Model Rakes In Over $1 Million In A Month Amid DeFi Frenzy

November 13, 2023

Uniswap Labs, the company behind the decentralized finance (DeFi) protocol, has achieved a milestone in its revenue generation strategy. Just a month after its implementation, the firm’s newly introduced front-end fees have crossed roughly $1 million, a testament to the platform’s robust activity and user base. This achievement comes shortly after the mid-October decision to…
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Today in Crypto: Bakkt Reveals International and Domestic Expansion, Justin Sun Offers 5% Bounty, Metaverse Platform ZEP to Build on Near

November 13, 2023

Source: AdobeStock / Ascannio 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 Digital asset marketplace Bakkt Holdings announced international and domestic expansion. Per the press release, it plans to expand crypto capabilities into numerous international markets with existing and…
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DeFi Platform Raft Hacked for $3.3 Million, Attacker Burns Most of Stolen ETH – Here’s What Happened

November 11, 2023

Source: Pixabay Decentralized finance (DeFi) platform Raft has suffered a hack resulting in the loss of approximately $3.3 million in Ethereum ( ETH). However, the attacker’s attempt to profit from the heist may have backfired, as they incurred a loss themselves. On-chain data reveals that the hacker drained 1,577 ETH from Raft and subsequently sent…
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Is it altseason? Altcoin 30-day performance and total market cap flash bullish

November 10, 2023

Three key data points highlight the 60-day strength shown by altcoins. A wave of green has washed across the entire crypto market, and it won’t be long before traders on X (formerly known as Twitter) begin to explain that a new altcoin season has arrived. Altcoin season — or “altseason,” as the crypto bros say…
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Radiant Capital’s Earnings Exploding, Time To Load The RDNT Bag?

November 9, 2023

Radiant Capital, a lending and borrowing protocol for users to borrow various assets across multiple chains, is rapidly closing in on Aave, looking at earnings data over the past six months. Radiant Capital Earnings Rising: What’s The Trigger? According to Token Terminal statistics on November 8 shared by one user on X, @Flowslikeosmo, Radiant Capital generated $5.8…
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Dex Trade Volumes Jumped 32% in October; November’s First Week Ends With Strong Activity

November 8, 2023

After experiencing a slump in September, with a trading volume of $30.22 billion, decentralized exchange (dex) activity saw a surge in October, climbing by over 32% to $39.98 billion. The momentum in dex trade volume has been consistent in November, with the past week alone accounting for $15 billion in trades. After a September Decline,…
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Aave V2 Ethereum Market and Several Assets Paused — Team Says ‘No Funds Are at Risk’

November 7, 2023

The decentralized finance (defi) protocol Aave’s so-called guardian said on Nov. 4 it had paused the Aave V2 Ethereum Market and frozen “certain assets on Aave V3 on Polygon, Arbitrum, Optimism.” At the time when the update was issued, Aave said an analysis of what happened would be made available when the issue is resolved.…
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Tag: DeFi