DeFi

Ever been struck by a surge of inspiration and entrepreneurial passion as you open your file cabinet? No, that does feel like a stretch. However, in the crypto industry, there is a booming interest in solving the growing storage demands of Web2 and Web3. Projects offering their solution to this problem have a chance ofContinue reading “Filecoin could be crypto’s filing solution but the caveat lingers”

Decentralized finance (DeFi) lending protocol Aave’s governance token surged 84% since its 16 March V3 upgrade. This marked a significant evolution of the existing model of liquidity pools by promising to improve financial efficiency, bolster current safety and security measures. In addition, it even fosters greater decentralization via DAO development and enhances the user-interface design. 🔥Continue reading “AAVE’s dream run – Is it going to continue or is a correction in sight”

Crypto-bulls are back while the NFT market is still going strong. LOOKS, the cryptocurrency native to the LooksRare NFT platform, is one that traverses both segments. LOOKS, at press time, was trading at $2.66 following an impressive hike from its 24 February 2022 low of $0.79. Simply put, the altcoin appreciated by 233% . ItsContinue reading “LOOKS like the near-term was good, but here’s what coming”

Amongst the top rallying coins in the DeFi and spot market, today was Compound which is currently up by 28.74% in the last 24 hours.  Compound makes history This is the highest single-day growth witnessed by the altcoin and its investors since June 2021, which proved very successful for the aching investors since the network-wideContinue reading “Compound: Its 28% rally is a relief for COMP investors, but will it continue”

Axie Infinity’s Ronin bridge went through a $625 million exploit yesterday in which over 173.6k ETH and over 25.5 million USDC were stolen. Going forward, this incident is expected to bear deleterious effects on the network. But in reality, it would only be another addition to the already diminishing bullishness noticed over the last fewContinue reading “Axie Infinity: Here’s why the coin was in trouble even before the $625M Ronin hack”

For quite some time now, multi-chain or cross-chain technology has become a holy grail in the cryptocurrency development space. People want to transact with other blockchains by leveraging bridges to different ecosystems. For example, Ethereum co-founder and developer Vitalik Buterin tweeted a link to a Reddit post on 8 January, 2022. He discussed his belief inContinue reading “Ronin’s $612M hack exposes these vulnerabilities of cross-chain bridges”

Despite a plunge in the total value locked in decentralized finance in 2022, Lido Finance continues to see a spike in TVL since 1 March, 2022. It achieved one milestone after the other as the year progressed. In fact, since the starting of this month, the protocol gained 18% in total value locked. On thatContinue reading “Analysing how Lido became the top ranked DeFi protocol, with TVL over $18B”

The entry and ascent of NFTs have completely changed the shape of the crypto-industry. Now, NFT creators, collectors, and analysts desperately want to understand the day’s trends so that they can ensure the best possible returns on their investment. To that end, Ripple’s 2022 report on crypto trends – “New Value: Crypto Trends in BusinessContinue reading “Here is Ripple’s take on what is key to understanding NFT collectors”

Uniswap’s position as the market’s biggest DEX speaks volumes for its DeFi capabilities. Well, the same has now been verified by its developmental activities. Uno Uniswap! A crypto-market analytics platform recently reported that Uniswap is the most developed project on Github over the last 30 days. In fact, its developmental activity was found to beContinue reading “Uniswap: The if and but of development activity driving UNI to $18.44”