DeFi Updates

2024-03-19 08:02:00 Solana’s Decentralized Exchange Platforms Eclipse Ethereum in Daily Trading Volume, Surpassing $2.8 Billion

This week, SOL’s value has seen a significant increase, elevating its decentralized exchange (dex) platforms and propelling the layer one (L1) blockchain to a leading position in 24-hour dex trading volume. Solana’s dex platforms have amassed $2.802 billion in trade volume over the past day, outperforming Ethereum’s dex platforms, which have recorded $2.03 billion in the same timeframe.

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2024-03-18 20:22:00 Solana’s DeFi TVL skyrockets 80%

The Solana blockchain has shown a real feat, seeing its decentralized finance (DeFi) total value locked (TVL) increase by almost 80% in the last month alone, jumping according to DefiLlama’s data. This remarkable hike displayed the Solana TVL at the highest level in two years, marking a notable milestone for the network. By the latest update, with a DeFi TVL of $3.8 billion, Solana proved to be one of the fastest growing among the top five with the TVL of DeFi.

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2024-03-17 21:55:00 Transition from BRC-20 to BRC-420 Tokens Signifies ‘Maturation Within Bitcoin-Based Defi,’ Says Mithil Thakore

While the Bitcoin network is poised to see significant growth in its Layer-2 (L2) ecosystem, “finding an optimal mechanism to maintain finality” on the network remains an inherent limitation that prevents this from happening, Mithil Thakore, the co-founder and CEO of Velar, has said. Thakore also identified the yet-to-be-optimized “bridging of native Layer-1 (L1) assets to L2 and back” as another obstacle to the L2 ecosystem’s growth prospects.

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2024-03-17 13:12:01 Defi platform Xuirin Finance announces presale

Xuirin Finance is a financial platform that strives to integrate cryptocurrencies into the global economy. With its interesting solutions, the platform seeks to unlock financial autonomy, giving users complete control over their transactions and assets. Xuirin Finance aims to enhance the global financial landscape, making it more efficient, accessible, and secure for everyone.

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2024-03-16 18:52:00 Binance Partner PancakeSwap Unveils v4 on Ethereum and BNB Chain

PancakeSwap, a leading decentralized exchange (DEX), has announced the launch of PancakeSwap v4, marking a significant advancement in the world of Automated Market Makers (AMMs). This latest iteration, set to operate on both the Ethereum and Binance Smart Chain (BNB Chain), represents a notable milestone in the platform’s evolution. Since its inception as a simple AMM model in 2020, PancakeSwap has rapidly transformed into a prominent multichain DEX, boasting impressive achievements along the way.

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2024-03-16 09:42:00 Maker’s “Endgame” launch aims for 100 billion DAI to take on Tether

Decentralized finance protocol MakerDAO is preparing for the launch of its highly anticipated “Endgame” transformation that will focus the platform “toward scalable resilience and sustainable user growth,” according to co-founder Rune Christensen. The ultimate goal of the Endgame is to scale the protocol’s decentralized stablecoin Dai (DAI $1.00) from its current $4.5-billion market capitalization to “100 billion and beyond,” on par with rival Tether (USDT $1.00).

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2024-03-15 22:47:34 Get on Blitz right now and start trading to earn points for an airdrop!
https://app.blitz.exchange/

Blitz is a lightning fast orderbook DEX that just launched on Blast L2. Blitz combines spot, perpetuals, and money markets in one cross-margined trading platform.

- Enjoy native yield on WETH (4%) and USDB stablecoin (5%) thanks to Blast.
- Enjoy 20+ different perpetual markets
- Enjoy spot trading multiple Blast-native tokens
- Enjoy 15 millisecond latencies yet fully on-chain settlement

Share cross-chain liquidity with Vertex on Arbitrum.
https://app.vertexprotocol.com/

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2024-03-15 18:42:00 PancakeSwap (CAKE) Launches V4 with $3M CAKE Airdrop to Enhance DeFi Ecosystem

PancakeSwap, a decentralized exchange at the forefront of the DeFi sector, has announced the launch of PancakeSwap V4 along with an enticing $3 million CAKE token airdrop. This move is set to invigorate the platform's community engagement and bolster its position within the DeFi ecosystem. The airdrop campaign is aimed at both existing users and new participants, promoting the exploration of the platform's enhancements.

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2024-03-15 13:12:00 NAV revolutionizes DeFi with structured investment products and regulatory compliance

NAV, a trailblazing quantitative hedge fund, is set to transform the decentralized finance landscape with its innovative Structured Investment Products (SIPs) and commitment to regulatory compliance. By bridging the gap between traditional finance and blockchain technology, NAV offers investors a secure and accessible gateway to the world of DeFi. NAV's groundbreaking approach centers around its SIPs, which are designed to optimize yields while mitigating risk.

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2024-03-14 19:52:01 DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study

The behaviors of borrowers in the decentralized finance space and DeFi market dynamics are important considerations when designing and managing platforms involving tokenized assets, a study by the Bank for International Settlements (BIS) has concluded. The workings of DeFi lending platforms offer useful insight into the risks associated with tokenization and the potential disruption of traditional finance, the technical study by the central bank group said.

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