DeFi

Blockchain insight firm mentioned that L1 and L2 bridges could be risky for ETH. The wallets provided by Optimism and Arbitrum may not be as safe as intended. The Ethereum [ETH] blockchain, as big as it is, suffers from the challenges of scalability, efficiency, and finalizing transactions. However, the advent of Layer-one (L1) and Layer-twoContinue reading “Ethereum [ETH] holders bridging to L1 & L2 should read this”

Big DeFi protocols powered Arbitrum’s network activity. Arbitrum’s DEX volume surpassed that of competitors like Optimism and Polygon. Arbitrum’s performance in the DeFi space has been a revelation of late. The sentiment was echoed by data from DeFiLlama, which highlighted the chain’s increasing share of the daily trading volume recorded by Sushiswap [SUSHI], one ofContinue reading “Arbitrum’s performance on this front could help it to edge out competition”

The count of active users on PancakeSwap in the last month totaled 1.37 million. CAKE’s buying pressure is on a decline, hence a price correction might be due.  With 1.37 million users in the last 30 days, PancakeSwap led as the decentralized finance (DeFi) protocol with the most active users in the last month, dataContinue reading “PancakeSwap: Jump in active user count leads to a surge in revenue”

MakerDAO to strengthen its DAI operations by boosting stability through Chainlink integration. MKR experiences limited sell pressure as uncertainty creeps back into the market. Collaboration between blockchain networks or WEB 3 projects often yields interesting results. MakerDAO is the latest crypto project to walk down this road courtesy of its new collaboration with Chainlink. IsContinue reading “MakerDAO taps into Chainlink to boost stability in DAI ecosystem”

GHO, the Aave decentralized stablecoin was deployed on the Ethereum Testnet. The AAVE price action got closer to bearish sentiment.  Decentralized lending project Aave has launched its stablecoin GHO on Ethereum’s [ETH] testnet according to an official tweet on 9 February. The project had been working on the stablecoin since last year after it gotContinue reading “Aave launches GHO stablecoin on Ethereum testnet as token checks the bears”

Aave V3 revenue was boosted by Ethereum network’s contribution. Interestingly, Aave’s migration tool and upcoming stablecoin launch show potential for growth. Aave recently launched its v3 on the Ethereum network and the results were quite positive in the short term. This launch provided an immense uplift to Aave’s revenue and affected the v3 protocol positively.Continue reading “Aave reaps benefits from Ethereum, but for how long will this last?”

Lido launched upgrade to improve its protocol. The improvements boosted LDO token performance. Lido [LDO], a protocol in the DeFi ecosystem, has observed significant improvements over the past week. Notably, the protocol took advantage of its press time growth by upgrading its technology. Today Lido contributors are proud to present Lido V2 – Lido’s largestContinue reading “Lido solidifies mastery in DeFi landscape after major upgrade: Details inside”

Aave’s treasury funds saw significant growth. Other competitors also witnessed a surge in their treasury funds. Decentralized lending protocol Aave [AAVE] has seen a growth in its treasury funds, according to a 1 February tweet from Delphi Digital. The growth in treasury funds is an indicator of consistent revenue generation for the protocol, which canContinue reading “How Aave’s treasury will help it rise above MakerDAO and Uniswap”

dYdX delays token unlock, thus bringing some internal issues to light. Despite challenges, whales show interest, and the token’s velocity metric grows. Recently, dYdX made an announcement that it would be delaying its token unlock until 3 December. The token unlock was designed to benefit early investors and founders, but its delay has brought otherContinue reading “dYdX delays token unlock, challenges surface but whales remain interested”