DeFi Updates

2024-03-24 10:42:01 DeFi Project Targets Multibillion-Dollar Market with Groundbreaking DeFi Debit Card Launch

DeFi project develops a globally-supported debit card for daily purchases and financial transactions. DeFi offers anonymity and worldwide accessibility but falls short in user experience and broader application in daily life. Xuirin Finance introduces a DeFi debit card to connect decentralized finance with everyday spending habits. Its potential for innovation is frequently obscured by its complexity, making it an area primarily for those deeply involved in the crypto space.

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2024-03-23 19:24:56 DeFi vaults are the next frontier of automated asset management

DeFi vaults are the next frontier of automated asset managementDecentralized Finance (DeFi) vaults are emerging as a lucrative asset management tool for investors looking to maximize crypto market opportunities. However, while DeFi vaults have been around for some time, it is worth noting that they are still undergoing constant evolution to improve and expand the range of offerings and avoid some of the pitfalls witnessed in the past.

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2024-03-23 10:39:57 Thala partnership empowers Movement with DeFi features

Thala, a Move-based decentralized finance (DeFi) platform, announced today its deployment on Ethereum’s layer-2 (L2) blockchain Movement. Movement is the first L2 combining the Move programming language with the Ethereum Virtual Machine (EVM), and now will be powered by Thala’s decentralized exchange (DEX), stablecoin, liquid staking, and token launchpad services.

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2024-03-22 20:11:57 Crypto.com DeFi Wallet Integrates with Jupiter for Solana Swaps

Jupiter Exchange, a prominent player in the Solana ecosystem, is renowned for its ability to provide users with the best possible swap rates. Jupiter aggregates liquidity across Solana, offering users competitive swap prices anytime. This integration allows Crypto.com DeFi Wallet users to swap Solana tokens directly, bypassing multiple platforms. By facilitating native token swaps within the Crypto.com DeFi Wallet, users can now enjoy the benefits of Solana’s efficiency directly from their wallets.

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2024-03-22 09:09:58 MonkeysLIST launches DeFi liquidity pools on Uniswap, PancakeSwap, and Raydium

MonkeysLIST ($MLIST) debuts on DeFi giants Uniswap, PancakeSwap, and Raydium, opening new liquidity pools and expanding trading opportunities. In a new chapter for DeFi enthusiasts, MonkeysLIST ($MLIST) is taking a giant leap into the decentralized finance (DeFi) ecosystem by launching its very own liquidity pools on Uniswap, PancakeSwap, and Raydium.

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2024-03-21 19:19:58 Top 10 DeFi dApps generating an average of $4.8 billion in fees annually

Total fees generated from the top 10 DeFi dApps tracks via DefiLlama will amount to $4.8 billion annually based on the past 24 hours of activity. Across staking, dexes, lending, and wallets, $13.15 million in fees were generated in the past day. Lido tops the chart for fee generation, while Curve retains the number one slot for revenue, with Maker and Lido just behind. Two of the biggest gaps between fees and revenue can be seen in Aave and Raydium, which generated over $1 million in fees over the past day.

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2024-03-21 09:14:58 1inch Network Integrates Lumia To Help DeFi Liquidity

The 1inch Network, a cornerstone in the decentralized finance (DeFi) arena, has recently announced its integration with Lumia. It aims to bolster DeFi liquidity and challenge the competitive edge of centralized exchanges. During a 30% downtrend that has left stakeholders questioning the future, this integration could potentially be the catalyst for recovery.

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2024-03-20 19:11:58 Cronos zkEVM and Covalent enhance DeFi with new integration

In a key partnership, Cronos and Covalent aim to enhance DeFi on Ethereum with faster, more affordable transactions via Cronos zkEVM. This integration is poised to bring some of the lowest and fastest transactions to the Ethereum ecosystem. The Covalent integration signifies a concerted effort to foster a more interconnected blockchain ecosystem, presenting Cronos developers with fresh opportunities for integration and application development through CQT’s data access.

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2024-03-20 09:15:00 Defi platforms see over $5.4m in liquidations as Ethereum declines

Ethereum took the most brutal hit, accounting for $4.2 million of the total liquidations. According to data from Parsec, a further threat of destabilization if ETH drops to $3,008 could trigger an additional $24 million in liquidations. On-chain derivatives exchanges such as GMX, Kwenta, and Polynomial have been at the center of these liquidations, which cumulatively triggered over $52 million in the past day alone.

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2024-03-19 21:01:59 Velar Launches Dharma AMM to Unlock DeFi Liquidity on Bitcoin

Bitcoin liquidity protocol Velar has announced the launch of Dharma, its Automated Market Maker (AMM) to bring DeFi liquidity to the Bitcoin ecosystem. Set to go live on Bitcoin L2 Stacks on March 19th, Dharma will expand the DeFi capabilities of the Bitcoin network. Two token pairs will be supported upon launch with additional tokens set to be added on consecutive days. STX-ABTC and STX-AEUSDC will initially be available for trading before being complemented by the introduction of further pairs.

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