DeFi

Fantom has seen increased ecosystem growth in the last month. FTM’s price, however, continues to plummet. Following the launch of its go-opera version 1.1.2-rc.5 mainnet upgrade on 6 March, blockchain platform Fantom [FTM] saw a spike in user activity on the chain. According to Token Terminal, on 7 March, Fantom registered 187,237 active users, itsContinue reading “Fantom [FTM]: More addresses and transactions, but what about DeFi TVL”

The L2 protocol becomes the second sidechain to be integrated with Convex Finance The development would allow blockchain interplay as CVX investors shun HODLing In the last quarter of 2022, Convex Finance [CVX] committed to integrating several sidechains on its network. So, on 9 March, the liquidity provider announced that it had launched on PolygonContinue reading “Convex Finance expands sidechain trips; launches on Polygon”

The DAO wants to reduce the stake interest of OHM. More addresses have gotten active as the proposal gets ready for community votes. By putting out a new proposal, OlympusDAO is now working toward expanding the utility of its OHM token. With the community set to vote, here’s how key metrics have reacted to theContinue reading “OlympusDAO wants to bring more utility to OHM, thanks to OIP 133”

Uniswap may have a solid competitor which has the backing of Lido Finance Although UNI active addresses are around the same zone, development activity is at its peak Uniswap’s [UNI] status as the top Automated Market Maker (AMM) could be at risk after a certain Maverick protocol announced a partnership with Lido Finance [LDO]. LikeContinue reading “Assessing if Uniswap can fight off the Lido heat in DEX supremacy tussle”

SushiSwap gets help from popular subreddit to incentivize users on its platform SUSHI’s price fell as whales lost interest Even though DEXs have gained popularity after FTX’s collapse, the competition within the sector has increased too. SushiSwap is one of the DEXs that has struggled to outperform its competitors during this period. However, to improveContinue reading “How SushiSwap’s new Reddit move may impact the protocol”

Polygon integration may positively impact Compound Finance’s TVL, despite some limitations COMP holders have reduced a significant portion of their asset holdings DeFi lending protocol Compound Finance is in the news after it announced finally deploying its third version to Polygon. Contextually, Compound III is a streamlined version of the main Compound protocol. Here, theContinue reading “Assessing the far-reaching effects of Compound III’s deployment on Polygon”

zkEVM advancement could trigger an improvement in acceptance in 2023 Despite the potential, the TVL of  ZK rollups could hold Ethereum back For most of 2022, several Ethereum [ETH] scaling solutions rose to the occasion to help out the blockchain’s lagging transaction speed. This happened without compromising its security and decentralization. And yet, it wasContinue reading “Where does Ethereum stand as far as zkEVM adoption is concerned”

More than 750 million CAKE tokens have been burned till date Weekly trading volume on PancakeSwap recorded a 10% drop As part of its latest burning round, popular decentralized exchange (DEX) PancakeSwap removed about 7.15 million CAKE tokens out of circulation. The burned tokens were worth $27 million in value. More than 750 million tokens haveContinue reading “CAKE’s latest burn stats bookend countdown to V3 deployment”

Aave V3 deployment on Ethereum has seen increased deposits and loans since it launched. AAVE’s price declines as investors show no interest in the alt. Aave [AAVE] deployed its V3 iteration on the Ethereum network on 27 January, attracting $257.08 million in deposits and $139.14 million in loans, data from the decentralized lending and borrowingContinue reading “Aave’s V3 deployment on Ethereum shows strong growth, thanks to…”