DeFi

The layer-2 scaling solution Synthetix undertook some important developments this month. Often described as a “blue chip” DeFi project, Synthetix was one of the first projects to launch on the Ethereum network. And, now the platform showed its true colors given the received response from users. Credit goes to this factor According to Kain Warwick,Continue reading “Synthetix’s trading volume surges by >700% thanks to…”

If you thought Binance’s BNB smart chain was fast, then you are in for a pleasant surprise. The network just received an important upgrade that will boost its speed and efficiency. Binance has not been left behind this season when many blockchains have been deploying major network upgrades. The BNB smart chain received its performanceContinue reading “BNB Smart Chain’s ‘Need for Speed’ endeavour can have this effect on the altcoin”

Decentralized exchange Uniswap has concluded the voting process to create the Uniswap Foundation. The community demonstrated overwhelming support for the foundation, with over 86 million votes in favor of the proposal. Devin Walsh, Executive Director of the Uniswap Foundation, announced in a tweet late on Wednesday that the proposal to establish the foundation had “passedContinue reading “86M votes overwhelmingly in favour of Uniswap Foundation”

It hasn’t been a good time for CVX holders lately, with the altcoin falling by a significant margin on the charts lately. Convex Finance is a DeFi protocol housed within Curve Finance. It commenced the weekly unlocking of vote-locked CVX tokens on 30 June to fight the liquidity problems faced by its liquidity pool. AtContinue reading “Eight unlocks down, could this be the key to CVX’s price action”

The downfall of the NFT market in recent weeks has been well-documented. Some market sceptics have even gone on to say we are currently in the midst of a “likely first NFT bear market”. One blockchain expert claims that NFT floors are likely to fall as a result of Bend DAO liquidation. He further saysContinue reading “This is why speculations about the NFT bear cycle may have some weightage”

Polygon has had quite an impressive week this time around as it chased down a milestone in DeFi. It has now become the fifth largest blockchain in terms of its DeFi total value locked (TVL) after overtaking Solana in the rankings. According to DefiLlama, Polygon’s latest TVL is calculated at $2.07 billion after an influxContinue reading “Polygon loses $1 mark but manages community support- here’s how”

The Merge has been anticipated for so long and so highly that at this point, it seems to be the turning point for both Ethereum and Decentralized Finance. In fact, perhaps, contrary to popular perception, Layer 2 solutions that have already been doing the same thing The Merge would do are also set to benefitContinue reading “Ethereum’s Merge will mean a lot of things, but for Loopring, it will…”

It has been quite an interesting week for Ethereum’s community as it prepares for a major upgrade. In fact, its impact has started spilling over into Ethereum layer 2 solutions such as Polygon now. The latter’s native cryptocurrency, MATIC, concluded the week on the back of a significant upside on the charts. MATIC’s bulls notedContinue reading “Can MATIC really leverage the hype around Ethereum for more upside?”

The ever-growing Web3 space is continuing to find supporters in the market to make sure that it prospers into the next big thing. In fact, this is one space that is driven by the likes of Fantom. Backing its most-recent efforts is Cypher Capital, with the latter intending to bring more to the table withContinue reading “Why there’s more to Fantom’s dApp ecosystem than what meets the eye”