Tag Archives: DeFi News

Layer 2 scaling solution, Celer Network, has recorded an impressive milestone, as trading volume on its recently-launched cBridge has surpassed the $200 million mark, a week after reaching $100 million. Celer’s cBridge Volume Hits $217M According to data on the Celer’s analytics webpage, the cBridge currently has a total trade volume of more than $217 million and a transaction count of 33,143. Over the last 24 hours, nearly 2,000 transactions were made on the bridge worth...

American professional basketball team Philadelphia 76ers has announced a partnership with the leading cryptocurrency exchange CryptoCom. The initiative will see the popular NBA club launch its non-fungible token (NFT) on the digital asset trading platform. Philadelphia 76ers Partners CryptoCom Announcing the partnership in a press release today, 76ers noted that fans interested in obtaining the digital collectibles can log on to the CryptoCom NFT platform to get access. The...

NFT trading card game “Splinterlands” has recently become the most widely played blockchain game on the market by daily user count. Splinterlands’ Exponential Growth Data from DappRadar confirms that Splinterlands has surpassed 260 thousand daily active users. This is greater than the number of players in the Alien Worlds metaverse, which is just shy of 250 thousand users at the time of writing. Splinterlands cards. Source: SplintertalkGoing by the numbers, Splinterlands...

The cross-chain DeFi protocol, pNetwork, has informed that it has become the latest victim of a security breach. By leveraging a codebase bug, the unknown perpetrator has stolen 277 bitcoins. As announced by the team behind the project, the hacker “was able to leverage a bug in our codebase and attack pBTC” on the Binance Smart Chain (BSC). Ultimately, he managed to take 277 bitcoins, most of which were collateral. Even with today’s prices when the cryptocurrency dumped by...

The Hedera Governing Council recently announced that it had allocated 10.7 billion HBAR, Hedera Hashgraph’s native token, to fund the development and expansion of the ecosystem. The official announcement revealed that the amount worth approximately $4.5 billion at the current market price ($0.42) represents 20% of the token’s total supply. Interestingly, the value of the 10.7 billion HBAR has more than doubled since the Governing Council approved the allocation at a July 14...

SolRazr, a Solana-based venture platform offering a decentralized developer ecosystem, announced today that it is rolling out its launchpad next month for blockchain projects. SolRazr’s Launchpad Set to go Live As per the official announcement, the launchpad, which is scheduled to go live on October 4, 2021, will be used as a fundraising platform for advanced developers who are building projects on the Solana blockchain. As part of efforts to ensure the product is working...

Immutable X, an Ethereum-based layer 2 scaling solution for non-fungible tokens (NFTs), said it recently raised $60 million in a Series B round of funding, which was co-led by BITKRAFT Ventures and King River Capital. According to a press release shared with CryptoPotato today, Immutable also received investments from a host of crypto-related and venture capital firms. These include Alameda Research, Galaxy Interactive, Apex Capital, VaynerFund, Fabric Ventures, Reinventure,...

WSBDApp, the blockchain-based trading platform related to the WallStreetBets movement, has partnered with Balancer to launch exchange-traded portfolios (ETPs) on the latter’s V2 platform. These products will aim to enhance decentralization for retail investors seeking alternative investment opportunities. WSBDApp Partners With Balancer The statement shared with CryptoPotato reads that Balancer – the automated portfolio manager and liquidity provider – will enable WBSDApp to...

DeFi Land, a multi-chain agriculture simulation web game created to gamify decentralized finance, has just completed its Series A funding round, acquiring about $4.1 million from industry investors. The project said in an official press release seen by CryptoPotato that it intends to use the fresh capital to scale its platform and services on the Solana blockchain. The team is working towards bringing DeFi to a mainstream audience by building a solution that aggregates across...

Moonbeam – a Polkadot parachain smart contract platform with Ethereum compatibility, has partnered with Lido, a liquid staking derivatives protocol currently live on the Ethereum and Terra blockchains, to bring liquid staking to the Polkadot DeFi ecosystem. The press release shared with CryptoPotato informed that the integration would enable Lido to provide liquid staking to Moonbeam and its Kusama-powered sister network, Moonriver. It will also allow Polkadot (DOT) users to...