DeFi & Ethereum News

2024-03-05 21:47:02 Solana Weekly DeFi Trading Sets All-Time High Above $11 Billion

Trading volume on Solana-based decentralized exchanges (DEXs) blew past an all-time record this week, cementing the Ethereum rival’s place among the top beneficiaries of the crypto market’s current, steadily escalating bull run. Over the period of February 24 to March 2, more than $11.19 billion worth of digital assets were traded on Solana decentralized exchanges, according to data compiled by Defi Llama. That figure is up over 154% from the preceding seven-day period.

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https://t.me/DeFi_Ethereum Open / Comment

2024-03-04 22:09:59 DeFi poised for major comeback amid Bitcoin’s rally, predict Bernstein analysts

With bitcoin approaching all-time highs amid strong spot exchange-traded fund inflows, analysts at research and brokerage firm Bernstein anticipate a “big bang” DeFi recovery to come next. The DeFi segment got “completely wiped out” during the last cycle, playing a game of unsustainable yields driven by subsidies from token incentives (inflation) that ultimately came crashing down, the analysts argued.

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https://t.me/DeFi_Ethereum Open / Comment

2024-03-04 11:42:00 DeFi ‘points’ farming has reshaped the crypto investment landscape

As a DeFi-focused hedge fund, MEV Capital has grown comfortable with moving funds around on-chain in pursuit of higher returns, a strategy known as yield farming. MEV Capital is farming these points especially in order to gain exposure to EigenLayer and a raft of other Ethereum restaking projects offering off-chain points to on-chain users. It’s a testament to renewed animal spirits in crypto and the excitement surrounding restaking that hedge funds like MEV Capital are now acquiring participation tallies for clients.

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https://t.me/DeFi_Ethereum Open / Comment

2024-03-04 00:47:01 Gauntlet collaborates with DeFi lending protocol Morpho

Gauntlet, a decentralised finance (DeFi) risk management firm, collaborated with Morpho, a DeFi lending protocol.The collaboration is expected to take place after Gauntlet parted ways with Aave, stated Cointelegraph. Sources revealed that the partnership was announced on February 27, 2023. It is believed that Gauntlet created its own lending products on MorphoBlue, a new protocol that allows firms to spin up “vaults’, user’s own lending and borrowing pools, added Cointelegraph.

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https://t.me/DeFi_Ethereum Open / Comment

2024-03-03 13:22:02 Uniswap Governance Votes Unanimously to Empower UNI Holders With Protocol Fee Rewards

In a landmark governance decision, Uniswap’s community has voted unanimously in favor of a proposal to reward UNI token holders who stake and delegate their tokens. The upgrade, aimed at revitalizing the protocol’s decision-making process, has garnered overwhelming support with over 10 million UNI tokens pledged in its favor.

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https://t.me/DeFi_Ethereum Open / Comment

2024-03-02 22:12:03 Value Locked in Defi Nears $100 Billion Milestone Amidst Broad Market Uptick and Lido Dominance

Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $80 billion mark, and since that point, it has expanded by an additional $11.66 billion. As it hovers above the $91 billion threshold, the TVL is approaching the $100 billion milestone, a figure not observed since before the collapse of Terra’s stablecoin.

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https://t.me/DeFi_Ethereum Open / Comment

2024-03-01 21:02:02 SatoshiDEX Opens $SDEX Pre-Sale, the Native Token of World’s First Bitcoin DEX

SatoshiDEX.ai, a pioneering Bitcoin DeFi platform, has announced the start of its highly anticipated 2nd Round of $SDEX Pre-Sale. Following the successful conclusion of Stage 1, which saw an impressive $700,000 raised, Stage 2 is now live and open to the community, offering an exciting opportunity to be part of this groundbreaking initiative. SatoshiDEX is led by a visionary team dedicated to reshaping decentralized finance. Beyond building the world's first Decentralized Exchange built directly on the Bitcoin L2, they are passionate about creating a robust and inclusive Bitcoin DeFi ecosystem.

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https://t.me/DeFi_Ethereum Open / Comment

2024-02-29 21:45:35 OKX adds Uniswap API on DEX, launches gas-free trading

OKX chief innovation officer Jason Lau said that the new feature eliminates common DeFi headaches like slippage, MEV attacks and failed transactions. OKX chief innovation officer Jason Lau told Cointelegraph that the feature allows simpler decentralized token swapping. Lau explained that the integration with Uniswap gives the OKX DEX access to the UniswapX protocol and is connected to its liquidity.

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https://t.me/DeFi_Ethereum Open / Comment

2024-02-29 13:52:01 Bitcoin staking chain BounceBit secures $6M to bring DeFi to BTC

BounceBit, an infrastructure provider enabling BTC staking, announced today that it has raised $6 million in a funding round led by Blockchain Capital and Breyer Capital. The company aims to build infrastructure that allows Bitcoin holders to earn yields through a restaking mechanism. The round included backing from several notable blockchain venture funds including dao5, CMS Holdings, Bankless Ventures, NGC Ventures, Primitive Ventures, and Arcane Group.

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https://t.me/DeFi_Ethereum Open / Comment

2024-02-28 23:05:33 B2 Network Brings DeFi to Bitcoin via Bitget Wallet

Bitget Wallet, Asia's largest non-custodial Web3 wallet, has announced a new partnership with Bitcoin Layer 2 company B2 Network. The collaboration will give Bitget Wallet's over 15 million global users access to B2 Network's cross-chain transactions directly through Bitget's mobile and browser-based applications. As an EVM-compatible Bitcoin Layer 2 solution built on zero-knowledge proofs, B2 Network enhances transaction speeds and expands application possibilities without compromising security.

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https://t.me/DeFi_Ethereum Open / Comment