DeFi

Social sentiment in connection with Cardano has begun to rise Project’s TVL also hiked while its founder pushed for a bank-free crypto-sector Cardano [ADA], the decentralized Proof-of-Stake (PoS) blockchain, has put up with consistent neglect by folks in the crypto-channel. The lack of attention given to the network might be surprising though, especially as theContinue reading “Why Cardano may get a quick fix to its month-long social neglect”

CEXs registered a massive surge in usage and balance after USDC’s de-peg Sustained interest in various CEX tokens also recorded a hike Despite the adverse effects of the USDC situation on various aspects of the cryptocurrency sector, centralized exchanges were able to reap significant gains during this time. Realistic or not, here’s BNB market capContinue reading “USDC’s loss was CEXs’ gain? Well, the real story is…”

MakerDAO introduces changes to protocol owing to uncertainty in the stablecoin space While MKR took a hit on the charts, interest in DAI has continued to grow rapidly As the FUD around stablecoins gathers steam, many DeFi protocols have started to implement changes and proposals to their networks. MakerDAO, for instance, has deployed new parametersContinue reading “MakerDAO cites ‘uncertainty’ to usher in new changes to protocol”

The Uniswap revenue increased by 63% as users considered trading USDC pairs on the DEX. While the TVL also climbed, UNI holders resisted accumulating.  Panic spread across the crypto ecosystem as Circle [USDC] opened up about its exposure to the Silicon Valley Bank (SVB) contagion. And as expected, the market experienced a brief downside. ButContinue reading “How Uniswap’s WoW revenue jumped amid USDC-TradFi FUD”

Eurler Finance was targeted by a flash loan attack on 13 March, with the attacker successful in stealing assets worth $197 million. The ongoing attack has already become the largest hack of this year. Ethereum-based noncustodial lending protocol Euler Finance was targeted by a flash loan attack on 13 March. The attacker was successful inContinue reading “Euler Finance: Hacker steals around $197M in 2023’s largest hack”

The total DEX trading volume surged to a four-month high of $15.12 billion on 11 March. Total fees collected on Uniswap hit its highest value since 10 May. Decentralized exchanges (DEXes) registered an exponential rise in trading activity in the last 24 hours after the collapse of Silicon Valley Bank (SVB) triggered FUD in theContinue reading “Uniswap, Curve Finance, SushiSwap make a killing amidst market uncertainty”

Aave has frozen stablecoin trading on the V3 Avalanche deployment. AAVE is due for a price decline as selling pressure exceeds buying pressure.  In response to the recent price volatility on stablecoins, particularly after the USD Coin (USDC) depegged on 11 March, lending protocol Aave, has suspended trading of the USDC, USDT, DAI, FRAX, andContinue reading “Aave discontinues stablecoin trading on its V3 deployment- Here’s why”

Uniswap witnessed a high surge in activity due to SVB’s collapse.  However, its UNI token didn’t see the same growth. The fall of SVB has brought a shockwave to many investors in the crypto community. While major firms and large stablecoin issuers faced the heat, the DEX sector of the crypto space, managed to seeContinue reading “Can Uniswap, Curve and Aave reap the benefits of USDC’s fall”

MakerDAO reveals an emergency proposal to reinforce its platform against stablecoin risks. USDC de-pegging inadvertently triggers demand for MKR. MakerDAO is making moves aimed at protecting against exposure to risk associated with stablecoins. This is in response to USDC’s recent de-pegging which reignited concerns about stablecoins under unfavorable market conditions. Is your portfolio green? CheckContinue reading “MakerDAO [MKR] reacts to Stablecoin contagion with this proposal”