On-Chain Lending Protocols See Record Activity in 2024
TL;DR The DeFi market has seen a resurgence in on-chain lending protocols, reaching activity levels not seen since 2021, driven by increased stablecoin liquidity and a more mature…
DeFi
DeFi coverage examines financial activity built on public blockchains. This archive follows lending protocols, decentralized exchanges, staking, governance, liquidity markets, token launches, exploits and risk management across open financial infrastructure.
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Binance Labs Backs Brevis to Advance Verifiable Off-Chain Computing in Web3
TL;DR Binance Labs invests in Brevis, a platform that enables verifiable calculations on historical blockchain data. Brevis powers smart contracts with advanced off-chain processing…
Delta Prime Hacked Again. What Happened?
TL;DR Delta Prime, a DeFi project, suffered a second hack in less than two months, with estimated losses of $4.5 million, bringing the total…
Swell and MEXC Airdrop: Win 800,000 SWELL and 20,000 USDT
TL;DR MEXC and Swell Network launch airdrop event with 50,000 tokens as prizes. A grand prize of 800,000 SWELL and 20,000 USDT is offered…
Jito and Solana Surpass Ethereum in Fee Revenue
TL;DR Jito and Solana have outpaced Ethereum in fee revenue over a 24-hour period. Jito has generated $2.79 million and Solana $2.45 million, compared…
Radiant Capital Sets New Standards in DeFi Security After Recent Incident
TL;DR Radiant Capital conducts post-mortem after security incident, encouraging improvements in the DeFi industry. Influential industry figures highlight the need to strengthen operational security.…
Magnetic X Defends Against DDoS Attack on XRP Ledger
TL;DR Magnetic X successfully repelled a DDoS attack. The platform has strengthened its security without giving in to the attackers’ demands. The exchange remains…
Uniswap Drives DEX Trading Volume Surge to $544 Trillion
TL;DR Uniswap’s Dominance: Uniswap has driven DEX trading volume to an incredible $544 trillion, thanks to its Layer 2 solutions enhancing scalability and reducing…
Radiant Capital Hacked, Exposing Security Flaws and Causing a $50 Million Loss
TL;DR Radiant Capital suffered an attack resulting in the loss of over $50 million due to flaws in its multisig configuration. The vulnerability allowed…
World Liberty Financial Begins Its KYC Verification Process Backed by the Trump Family
TL;DR World Liberty Financial, backed by the Trump family, initiates the KYC verification process on its official website. The WLFI governance token will be…
Aave Founder Sells $6.67M in AAVE Amid Price Surge
TL;DR Aave founder Stani Kulechov sold 55,596 AAVE tokens valued at $6.67 million. The cryptocurrency has seen a 66% increase in price over the…