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 to...
Tag : defi
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. Renzo...
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 transaction...
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 transactions...
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 accessible...
Hacks in Crypto Industry Are Declining, But Threats Persist
TL;DR Losses from hacks and scams in the crypto industry were $413 million in the third quarter of 2024, representing a 40% decrease. The most...
Grass Airdrop Sparks Outrage Among Community
TL;DR Low Token Rewards: Grass airdrop participants received minimal GRASS tokens, leading to widespread disappointment and frustration among early supporters. Community Backlash: Users criticized the...
Pendle Hack: $105 Million Saved Amid Penpie Exploit
TL;DR $105 Million Saved: Pendle swiftly paused contracts to prevent further losses after a $27.3 million hack on its yield optimizer, Penpie. Exploit Details: The...
DeFi Protocols Face Nearly 25% Drop in Fees
TL;DR In August 2024, DeFi protocol fees fell by 24.4%, totaling $288 million. The decrease is attributed to lower user activity, increasing competition among protocols,...
DYAD Stablecoin Protocol Sees Explosive Growth in TVL
TL;DR Explosive TVL Growth: DYAD’s total value locked (TVL) surged over 950% in one month, from $3.3 million on August 5 to a record $35...