DeFi

After the market fell significantly recently, most altcoins tasted dust. At press time, however, most still seemed to be struggling to recover as Bitcoin traded at $49,289. Terra (LUNA), on the contrary, performed against the tide by not only quickly recovering from 3 December’s fall, but by also hitting a new all-time high amid largerContinue reading “Here’s how Terra’s tokenomics and interoperability pumped LUNA”

Crypto-rankings are seldom static. They keep fluctuating to keep pace with the changing market dynamics. Now, a few coins have already managed to create a niche and have held on to particular levels. Others, on the contrary, find it an everyday struggle to retain their respective positions. Not-so-popular cryptos keep shuffling places more often thanContinue reading “Why investors need to pay heed to this new top-100 entrant”

Rug pulls and network exploits have dominated much of the buzz within the cryptocurrency industry, and for good reason. DeFi applications have now lost over $2 billion in total owing to such hacks. The latest one this week alone accounted for $120 million. Further, billions more could have been lost from the Solana ecosystem ifContinue reading “Now fixed, Solana Protocol Library bug had potential to expose $2.6 billion to risk of theft”

The exponential rise in decentralized financial activity over the past year has inadvertently also resulted in the increasing popularity of decentralized exchanges, which are aimed at making finance democratized and accessible. As it turns out, the cumulative volume on DEX’s recently surpassed $600 billion, according to data analytics company Kaiko, which has just released theContinue reading “Ethereum’s high gas fee ‘preventing more retail traders from using DEXs’ – Report”

Ever since smart contract functionality was deployed on the Cardano network, users have waited for decentralized applications to be released on the blockchain. In this context, Cardano received massive criticism for the delay. However, it was eased out this week when SundaeSwap announced its upcoming launch on Cardano’s testnet on 5 December. SundaeSwap is aContinue reading “Cardano’s upcoming DEX SundaeSwap has its eyes on blockchain interoperability”

Early on Thursday, news of the Bitcoin DeFi protocol BadgerDAO suffered a $120 million exploit that shocked the cryptocurrency industry. While the platform had shared an initial diagnosis of the attack on Twitter, the Rekt blog has now come up with a detailed post-mortem of the hack. It stated, “the badger is dead.” According toContinue reading “Here’s how BadgerDAO’s $120 million exploit played out, Rekt explains”

1INCH has seen its own share of ups over the past few weeks. During the initial half of October, this coin rallied from under $2 to $4.5. It briefly consolidated after that for a week and then registered a mammoth green candle on its chart on 27 October. That very day 1INCH was briefly seenContinue reading “Assessing 1INCH’s prospects for growth over December”

2021 saw a significant proportion of developers shifting from Ethereum to rival blockchains. Primarily, because the Ethereum network continued to fight high gas fees and congestion. Well, one network that hugely benefitted from this situation was Solana. Its meteoric rise over 2021 positioned it as one of the main Ethereum-killers. Solana’s native token Sol reachedContinue reading “People leaving Ethereum is ‘just never going to happen,’ says Solana co-founder”

People from the crypto-space have evidently been intrigued by the nuances associated with the metaverse. Despite the fanfare, a few from the community believe that the whole meta-notion seems to be blown out of proportion; it would eventually fade away with time. Well, the downtrend of tokens associated with meta protocols has only managed toContinue reading “DeFi v. Metaverse: UNI, dYdX may capitalize on MANA, SAND, GALA slowing down”