DeFi

Lido finance records a decline in TVL and APR in the last week. LDO’s value continues to fall following FTX’s collapse. Leading Ethereum [ETH] staking platform Lido Finance [LDO] suffered a decline in its total value locked (TVL) in the last week due to a decline in the value of native tokens, including Polygon’s MATIC,Continue reading “Lido’s TVL falters, thanks to the decline in the price of these ruling altcoins”

Maple Finance has cut ties with trading company Orthogonal over failure to repay due debts Nexus Finance also took a hit as a result of the failure of Orthogonal to repay its due debt One of the biggest crypto lending protocols, Maple Finance, recently revealed that it would break connections with another crypto enterprise, Orthogonal.Continue reading “Maple Finance ends ties with Orthogonal Trading over loan default”

Polygon witnessed high activity in terms of active users on dApps However, its TVL continued to decline along with its MVRV ratio According to a 3 December tweet by token terminal, dApp activity on the Polygon network continued to grow over the last few months. Polygon grew its market share in terms of daily activeContinue reading “Polygon’s dApp activity upsurge could mean this for MATIC in the days to come”

Compound Finance published a proposal seeking community votes on whether to increase the wETH supply in its Comet market COMP’s price declined severely in the last month  DeFi lending platform Compound Finance [COMP] has sought votes from its community members on a proposal to increase the supply cap for wrapped Ether (wETH) in its CometContinue reading “Compound Finance and a tale of wETH supply cap increment”

Compound Finance, the Ethereum [ETH]-based decentralized lending protocol, took a significant step that will reduce its vulnerability to DeFi exploits. DeFi exploits have singlehandedly managed to wreck havoc in the cryptocurrency market. Furthermore, several DeFi platforms have fallen victim to these attacks over the past few weeks.  Compound Finance set to impose borrowing cap UsersContinue reading “All there is to know about Compound Finance’s latest proposal”

L2 protocols on the Ethereum blockchain reached a monthly all-time high with Optimism and Arbitrum leading the front The Ethereum network was still struggling with sustaining a improved momentum   Ethereum [ETH] layer-two (L2) protocols hit another landmark in proving its 2022 increased adoption as the gas consumption hit a monthly all-time high. This milestoneContinue reading “Reasons ETH investors can be disappointed despite Ethereum’s latest milestone”

With the recent events in the crypto space, investors seem to be putting more faith in DEXes DEXes has seen recently seen an increase in trading volume and TVL in recent time Investors have started viewing centralized exchanges (CEXes) with skepticism as fear and uncertainty have engulfed the cryptocurrency market. However, despite the current stateContinue reading “DEXs see increase in trading volume as investors tread carefully around CEXes”

Algorand revealed how much its FIFA+ Collect platform has grown since its launch ALGO has been flashing signs of a pivot after its latest downside although demand is low The Algorand network announced a strategic partnership with FIFA in October. The goal of the collaboration was to leverage blockchain technology to facilitate an engaging fanContinue reading “Success for Algorand’s FIFA+ platform could mean this for ALGO”

Uniswap’s development activity was the highest in October Since FTX collapsed, the DEX has seen a surge in user activity According to data from on-chain analytics platform Santiment, the decentralized finance (DeFi) protocol Uniswap [UNI] had the most development activity in the last month. Read Uniswap’s [UNI] price prediction 2023-2024 In the last 30 days,Continue reading “Uniswap: User and dev activity, lack of profitability, and everything in between “