Traders and investors in SushiSwap face a unique conundrum as optimistic and bearish signals battle for control of the market. The recent inclusion of SushiSwap on Boba Network may account for the increased number of whale sightings on the site. Even while this points to a strengthening bullish market for SushiSwap, the TVL numbers act…
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Besides the current market darling Dogecoin (DOGE), Polygon (MATIC) and Arweave (AR), driven by the Meta announcement, are attracting the most interest today. Flying somewhat under the radar at the moment is SushiSwap (SUSHI), which should be no less interesting in the coming weeks. As Will Clemente, Co-Founder of Reflexivity Research recently tweeted, SUSHI is…
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GoldenTree Asset Management has invested roughly $5.3 million in SUSHI, the governance token of the decentralized finance protocol SushiSwap. The U.S.-based asset management firm with approximately $50 billion in assets under management (AUM) said in a post on the SushiSwap community forum that the investment is based on the belief that Sushi has “incredible potential.” … Read More:…
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The total value locked (TVL) in decentralized finance has slid 15.63% since the metric’s all-time high of $275 billion sixteen days ago on December 1. Since the end of the first week of December, the TVL is down 7.19% lower with a number of protocols seeing seven-day losses in terms of TVL. Defi Tokens YFI…
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Since mid-November the total value locked (TVL) in decentralized finance (defi) has slid from $257 billion to $250.55 billion and during the last 24 hours it lost a touch more than 5%. Over the last seven days, defi tokens like uniswap, pancakeswap, curve dao token, 1inch and sushi have lost anywhere between 15% to 23.9%…
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Pnetwork, a multi-chain bridging protocol, announced it was hacked yesterday, losing 277 pbtc (its bridged version of bitcoin) on Binance Smart Chain. The protocol acknowledged that an attacker managed to exploit a bug in its codebase to take control of the stolen bitcoin. The bridging contracts are currently working as usual but with extra security…
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SushiSwap’s CTO will instruct their lawyer to “file an IC3 complaint with the FBI” if the suspected hacker doesn’t return the funds. Joseph Delong, chief technology officer of decentralized finance (DeFi) platform SushiSwap, announced that a hacker compromised the supply chain of its token launchpad platform, MISO. According to Delong, the “anonymous contractor with the GH…
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DeFi platforms have seen a steady surge in user activity and token prices, leading some analysts to say that the ‘DeFi Summer 2.0’ is well underway. After a blistering start to 2021 saw token valuations and trading volumes surge to ignite the current bull market, the DeFi sector as a whole took a break while…
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The initiative — built on the Celo ecosystem — identified the lack of inclusivity and accessibility in the traditional financial markets. A consortium of leading decentralized finance (DeFi) protocols today announced a collaborative $100 million financial inclusion venture titled “DeFi for the People.” The DeFi applications involved in the project — AAVE, SushiSwap, Curve, 0x…
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DeFi showed tremendous strength during last week’s sell-off as DEX activity and stablecoin stability prove the sector may be ready for mass adoption. The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran…
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