DeFi

Investment firm paid its Compound loans as COMP tried reversing its bearish momentum The Compound community voted against proposal 142 DeFi lending protocol, Compound Finance [COMP], showed signs of exiting its 0.56% 24-hour decrease after Longling Capital repaid all it borrowed from the Compound pool.  In a tweet by Lookonchian, the investment group returned theContinue reading “Compound gets compensation but all is not fair for COMP — Here’s how”

Optimism witnessed a rise in the number of transactions being made on the network  Optimism was also witnessing significant growth on other fronts  As per a recent development, the combined transactions on Arbitrum and Optimism were getting closer to the overall transactions being made on Ethereum [ETH]. One of the reasons for the same wouldContinue reading “Optimism could stay true to its name thanks to these developments of 2023”

LDO’s price rallied by over 75% in the last week As investors seek out profit, the bears might be getting ready for a re-entry. Lido Finance’s governance token LDO, saw a significant increase in price of 78% in the past week. This made LDO one of the top-performing cryptocurrency assets in terms of gains overContinue reading “Attention LDO holders! Now might be the time to rethink your trading strategy”

Investment bank Jefferies Group downgraded its rating for Bitcoin miner Marathon Digital Holdings  Marathon Digital shares surged by more than 3% at $4.23 in pre-market trading in line with the broader market trends in the global crypto market Investment bank Jefferies downgraded its rating for Bitcoin [BTC] mining firm Marathon Digital Holdings (MARA) to “hold”Continue reading “Jefferies Group downgrades this BTC miner due to construction delays; Details inside…”

Non-native DEXs have launched on the Arbitrum protocol, increasing competition among various protocols on the platform Gas usage on the Arbitrum platform increases. However, Stablecoin network growth declines Over the last few months, the Arbitrum protocol attracted a lot of attention from non-native decentralized exchange (DEX) platforms. These DEXs have had launches on the ArbitrumContinue reading “Is Arbitrum the golden goose of 2023? These reasons may convince you that…”

Aave reveals how past grants have contributed to the network Why the focus on development is the right way to go for AAVE Aave announced that snapshot voting for a recent proposal seeking for the renewal of Aave Grants DAO kicked off. If approved, the decentralized network may embark on stimulating more development in pursuitContinue reading “Will Aave’s long-term growth plans dampen short-term investor expectations?”

MakerDAO reported a profit of more than $2.8 million through its real-world assets. The revenue generated by the protocol grew, alongside an increasing interest in the MKR token. MakerDAO [MKR], the protocol which was reigning atop the DeFi space in terms of TVL, lost its spot to Lido on 3 January. However, the protocol remainedContinue reading “Assessing the current status of MakerDAO for long-term MKR holders”

Technical outlook suggested an AAVE revival due to the RSI state Holders  in the last six months seemed to have gained balanced but AAVE might trend downwards Like its peers, non-custodial liquidity protocol, AAVE, ended the year 2022 on a sluggish note. According to CoinMarketCap, AAVE’s value on 31 December was around $52. This wasContinue reading “Can AAVE replicate the move to $65 as this technical indicator shows…”

SushiSwap abandoned its lending protocols and will focus on other areas for growth. The activity on the protocol declined, leading to plummeting revenue. In a 2 January development, SushiSwap’s [SUSHI] CTO stated that they would be abandoning their lending protocol, Kashi, in Q1. They would also halt additional developments on their token launchpad, MISO. SushiSwapContinue reading “SushiSwap abandons new project and sets sights on fresh goals: What’s going on?”