DeFi & Ethereum News

2024-03-21 10:44:58 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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https://t.me/DeFi_Ethereum Open / Comment

2024-03-20 21:11:58 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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https://t.me/DeFi_Ethereum Open / Comment

2024-03-20 10:45:00 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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https://t.me/DeFi_Ethereum Open / Comment

2024-03-19 19:02:00 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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https://t.me/DeFi_Ethereum Open / Comment

2024-03-19 10:01:59 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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https://t.me/DeFi_Ethereum Open / Comment

2024-03-18 20:52:00 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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https://t.me/DeFi_Ethereum Open / Comment

2024-03-17 22:55:33 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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https://t.me/DeFi_Ethereum Open / Comment

2024-03-17 12:22:01 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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https://t.me/DeFi_Ethereum Open / Comment

2024-03-16 19:52:00 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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https://t.me/DeFi_Ethereum Open / Comment

2024-03-16 10:42:00 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).

Source

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