Avalanche Increases Its Stablecoin Supply, but AVAX Demand Remains Stagnant
TL;DR The supply of stablecoins on Avalanche grew by more than 70% in a year, but AVAX lost nearly 60% of its value during the...
Tag : defi
PumpFi Revolutionizes Solana: Buy Now, Pay Later
TL;DR PumpFun, widely recognized as one of the most active memecoin launch platforms on the Solana network, has made a bold move by introducing “PumpFi”,...
Sonic Surpasses $1 Billion TVL and Gains Momentum
TL;DR Sonic blockchain, formerly known as Fantom, has surpassed $1 billion in Total Value Locked (TVL), ranking as the 12th largest chain in the crypto...
Dolomite Expands Its DeFi Platform to Bitcoin Through Spiderchain
TL;DR Dolomite expands its DeFi platform to Bitcoin through Spiderchain, a Layer 2 solution that enhances the blockchain’s scalability. Spiderchain integrates the Ethereum Virtual Machine...
Hyperliquid in Controversy After JELLY Manipulation and Million-Dollar Exploit
TL;DR A user manipulated JELLY on Hyperliquid and made over $6 million by exploiting the platform’s liquidation system. Although Hyperliquid removed JELLY, the attacker still...
zkLend Announces Comprehensive Compensation Plan for Affected Deposits
TL;DR zkLend has announced a comprehensive compensation plan for affected depositors, aiming to address financial losses and restore confidence in the platform. Deposits in unaffected...
Lens Chain to Adopt GHO as Native Gas Token
TL;DR Lens Chain will adopt GHO, Aave Labs’ stablecoin, as its native gas token. Aiming for stable and predictable transaction fees. GHO is a decentralized...
Artemis and the Controversy with DefiLlama: The Debate on Data Ownership in DeFi Intensifies
TL;DR A DefiLlama developer accused Artemis of using its database without proper attribution, sparking a heated debate within the crypto community. Artemis argued that the...
Uniswap Launches a $1.2 Million Security Fund for Audits
TL;DR The Uniswap Foundation launched a $1.2 million security fund to subsidize audits for developers building hooks on Uniswap v4. Nine selected teams will work...
DeFi Sector Faces 16% TVL Decline, Stablecoin Market Remains Resilient
TL;DR The DeFi sector experienced a 16% drop in total value locked (TVL) over the past week, falling from $140.95 billion to $117.76 billion before...