Tag Archives: defi

Central, Northern, and Western Europe (CNWE) has grown into the world’s largest cryptocurrency economy since July 2020. The region experienced a massive increase in trading activity since then– particularly in the DeFi space. The European DeFi Boom Data from Chainalysis shows that CNWE received over $1 trillion in cryptocurrency over the last year alone. This represents 25% of global trading activity. Furthermore, it is responsible for at least 25% of all crypto value...

Emurgo, the commercial branch of the Cardano ecosystem, has released a new product focusing on investing in startup protocols that want to build on the Cardano blockchain. This comes after several notable announcements from Charles Hoskinson’s team in the past few days. The official press release reads that the new investment vehicle, which will be a wholly-owned subsidiary of the parent company Emurgo, will have two separate branches with distinctive approaches. Emurgo...

A lot can change in the cryptocurrency markets in two months. Avalanche and its native cryptocurrency – AVAX – are prime examples. The token traded around $9 during the market-wide crash on July 20th but surged by triple-digits in this timeframe to reach a new all-time high at nearly $80 earlier today. This came after numerous consecutive records last week, before the market-wide crash. Registering such massive price increases in a relatively short time has caught the...

The popular decentralized cryptocurrency exchange aggregator, 1inch Network, will be expanding to Arbitrum. In a press release shared with CryptoPotato, the team revealed that the move is aimed at lowering transaction costs and improving throughput and withdrawal speeds. Arbitrum is an Ethereum scaling solution built using Optimistic Rollups, and it allows developers to cross-compile contracts for running on Arbitrum. This is aimed at ensuring full compatibility with Ethereum...

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...

Jump Capital – a Chigaco-based venture capital firm – decided to expand its cryptocurrency engagement by closing its latest fund at $350 million. The company has made 30 investments in the digital asset space in 2021 alone. Jump Capital’s Seventh Fundraise The American venture capital firm – Jump Capital – closed its largest fundraising round to date – $350 million. By doing so, the company intends to invest in cryptocurrency sectors like Web 3.0, DeFi, and blockchain and...

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...

The Foundation behind the popular blockchain project – Algorand – has started a new initiative aiming to enhance the developments in the DeFi sector. Called Viridis DeFi Program, it will be a $300 million fund to support innovation on the Algorand network. In a statement dated September 10th, The Algorand Foundation announced the launch of its latest product called Viridis DeFi Program. In it, the organization has allocated 150 million of the native cryptocurrency – ALGO –...

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...