Tag Archives: defi

ETH’s price is not the only Ethereum metric rising in the past few days as the transaction fees on the network have skyrocketed to an average price of above $10. The popular decentralized exchange Uniswap still accounts for the largest share with over 30,000 ETH spent in the past 30 days.Surging Fees On The Ethereum NetworkAccording to data from the monitoring resource Ycharts, the average fees on the Ethereum network have surged recently to above $10. This development came following months...

2020 has been an interesting year, to say the least. The cryptocurrency field, in general, witnessed tremendous growth.The total market cap surged from $340 billion in January to a new record of over $800 billion at the time of this writing, more than doubling its value.The growth in decentralized finance (DeFi), however, is even more substantial. Data shows that there’s currently more than $15 billion total value locked in DeFi protocols – an increase upwards of 2500% since March.With the...

The price of the Polkadot token (DOT) has skyrocketed by about 60% in a week to a new yearly high of $7.7. This development coincided with positive news from Binance as the leading crypto exchange announced a $10 million fund to support projects within the Polkadot ecosystem.Binance’s $10M Fund For PolkadotLaunched via an ICO in 2017, Polkadot’s network allows interoperability and scalability for all protocols that employ it. The project’s popularity has skyrocketed since mid-2020 after...

There has reportedly been yet another DeFi exploit, which resulted in massive declines for its native token. This time, the victim was Cover protocol, and its COVER token crashed by almost 80% on Binance within minutes.COVER has tanked by almost 80% before recovering to its current trading price. Regardless, the cryptocurrency is still down more than 50% from today’s high.COVER/BUSD. Source: TradingViewThe team behind the protocol has so far failed to provide any explanation for the crash,...

Yield farmers and DeFi token aficionados certainly had a merry Christmas thanks to 1inch, a relatively young and unknown token that in a matter of hours surpassed many other cryptocurrencies’ performance in the top 100 of cryptocurrencies with the largest market capitalization.1inch is a decentralized exchange aggregator that sources liquidity from various exchanges, making it possible to use its smart contract to spread a single transaction across multiple decentralized exchanges.The...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 1041. Im heutigen Video geht’s um folgende Themen: DeFi bekommt synthetisierte Aktien, The Graph (GRT) klettert um 300 Prozent & SkyBridge Capital will Bitcoin-Fonds auflegen. 1.) DeFi bekommt synthetisierte Aktien – Amazon, Facebook, Google und Co. dezentral erhältlichhttps://cryptomonday.de/defi-bekommt-synthetisierte-aktien-amazon-facebook-google-und-co-dezentral-erhaeltlich/ 2.) Neues Projekt The Graph...

The decentralized finance (DeFi) space continues to experience frequent attacks, and the latest victim is Warp Finance. The project admitted earlier today that undisclosed perpetrators have compromised the protocol and taken nearly $8 million by initiating a flash loan attack.$7.7M Taken In A Flash Loan AttackThe significant growth of the DeFi space that attracted billions of dollars locked in numerous protocols has also garnered the attention of bad actors. Hackers have frequently exploited...

Social Media platforms, despite being a tale of the modern society, remain largely antiquated. While we browse through different profiles on our phones, we oftentimes forget that it’s one single entity behind the curtains. One central organization that can pull the plug and control the entire thing.It is here where the promise of blockchain-based technology, being inherently distributed and decentralized, sounds particularly appealing. And there are plenty of projects already working on...

The world of decentralized finance continues to amaze. Roughly around 12 hours ago, someone bid almost $800,000 for a collection of nun-fungible tokens (NFT) in what seems to be the most expensive purchase of digital art in the cryptocurrency industry.$800,000 Paid for NFT Digital Art CollectionMike Winklemann is a graphic designer from Charleston, USA, who uses the artistic pseudonym Beeple. His work spans a broader field and includes short films, VR and AR work, as well as Creative Commons...

Chainlink has just received another endorsement —this time on behalf of the largest cryptocurrency exchange in the ecosystem: BinanceBinance announced the successful integration between the decentralized oracle platform Chainlink and its smart contract blockchain, Binance Smart Chain.The integration is on a root level; that is, the Oracles would need no support for the Ethereum network since they would be running directly on the Binance Smart Chain. This constitutes a significant advance in...