DeFi Updates

2024-03-06 09:52:01 DeFi TVL breaks $100 billion for first time since May 2022

The total value locked (TVL) in decentralized finance (DeFi) protocols exceeded $100 billion for the first time in nearly two years. On March 5, DeFi TVL reached $101.36 billion, with lending accounting for $32.62 billion (32.2%) of this total, with decentralized exchanges at $19.97 billion (19.7%), collateralized debt positions at $12.22 billion (12%), and restaking activities at $10.06 billion (9.9%). The last time the TVL in DeFi surpassed $100 billion was on May 11, 2022, according to The Block's Data Dashboard.

Source

@DeFi_Updates Open / Comment

2024-03-05 20:57:02 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.

Source

@DeFi_Updates Open / Comment

2024-03-04 21:14:59 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.

Source

@DeFi_Updates Open / Comment

2024-03-04 13:12:01 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.

Source

@DeFi_Updates Open / Comment

2024-03-04 00:02:01 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.

Source

@DeFi_Updates Open / Comment

2024-03-03 10:58:54 Join the Top Telegram Crypto News Channel: Cryptocurrency Inside!

Discover the latest in crypto:
- Up-to-Date News: Stay informed with the newest updates.
- Onchain Analytics: Gain deep insights from blockchain data.
- Market Updates & Insights: Keep track of important market trends.

Join Our Active Community: Engage with fellow crypto enthusiasts.

Join now: @Cryptocurrency_Inside

#CryptoCommunity #Blockchain #CryptoNews #MarketInsights Open / Comment

2024-03-03 10:52:02 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.

Source

@DeFi_Updates Open / Comment

2024-03-02 23:22:04 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.

Source

@DeFi_Updates Open / Comment

2024-03-01 19:02:02 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.

Source

@DeFi_Updates Open / Comment

2024-02-29 22:40:33 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.

Source

@DeFi_Updates Open / Comment