DeFi

The market’s altcoins have suffered terribly since the start of December. Even so, there are exceptions, with Terra emerging to be the most significant gainer of most large-cap alts. Terra is the leading decentralized and open-source public blockchain protocol for algorithmic stablecoins. And, one can argue that there is a good reason behind the protocol’sContinue reading “Yes or No – Did Terra [LUNA] really flip Binance Smart Chain’s TVL”

Polkadot’s ecosystem hit another milestone on its journey towards full interoperability recently after the first set of parachains were launched on the blockchain platform. As per an official announcement, the five projects that have been leased a slot to run parallel to Polkadot are Acala, Moonbeam, Parallel Finance, Astar, and Clover. These Polkadot-based projects willContinue reading “First set of Polkadot parachains goes live with over $3.5 billion staked”

Ethereum scaling solution Polygon has strengthened its grip on the DeFi ecosystem further after members of Uniswap voted in favor of deploying its smart contracts on the former. The third iteration of the decentralized Automatic Market Maker, Uniswap V3, will be rolled out on Polygon “within a few days,” revealed a Twitter announcement by theContinue reading “Uniswap votes to deploy v3 smart contracts on Polygon”

NFTs often become punchlines, with countless “right-click and save” memes being born as a result of the same. On the flip side, however, traditional artists are speaking out about the pain of seeing their work stolen and minted as NFTs without their permission. Thou “Art” a thief On 18 December, Liam Sharp, a British comicContinue reading “Art theft an emerging issue on NFT platforms like OpenSea, is there a solution in sight”

Bitcoin‘s struggle to break free from its current price barriers is turning out to be detrimental for the top cryptocurrency’s future outlook. Speaking to CNBC, Eswar Prasad, who is Senior Professor of International Trade Policy at Cornell University said, “The promise of decentralized finance using blockchain technology is a real one but Bitcoin itself may notContinue reading “Expert says ‘promise of DeFi is real;’ Bitcoin headed in this direction”

Fantom is one of the few DeFi chains that has managed to amass a variety of protocols on its network. Presently Fantom has more protocols running on it than Solana, Terra and Tron combined. However, the issue is deeper than the number of protocols. Fantom on Binance Fantom’s listing on Binance U.S. on 17 DecemberContinue reading “Fantom investors have this to look forward to”

At press time, gas fees on Ethereum were 47 gwei, and the estimated cost of an ERC-20 transfer was about $10.25. Lower than usual, yes, but still a difficult cost to justify for many users and developers. Luckily, there’s a growing answer to this problem – Ethereum rollups, or Layer 2 solutions that aim toContinue reading “As ConsenSys, Mastercard announce rollups, will gas fees roll out larger investors”

AAVE is one of the biggest lending protocols in the DeFi space. When such a project starts to lag, it raises concern over the entire space. Looking at AAVE’s movement right now, that concern is all but rising. Is AAVE living up to expectations When it comes to a DeFi project, consistent utilization is aContinue reading “AAVE needs this to strengthen its presence in the DeFi space”

Do you remember the day you took the training wheels off your bicycle? Maybe you liked them well enough, but knew it was time to move on. Now, an Ethereum rollup – or a Layer 2 solution for scaling transactions – is ready to take the same step. Glass half full Optimism, an Ethereum VirtualContinue reading “Removing whitelist brings Optimism ‘one step closer to truly open, optimistic’ Ethereum”