DeFi

In the constantly growing Decentralized Finance (DeFi) space, the emergence of Polygon is not surprising. The network has been making efforts to become more efficient and the work has been paying off. While the top players like Ethereum and Binance Smart Chain continue to bank on their pre-established user base, Polygon is looking to attractContinue reading “Is Polygon’s strengthening presence in DeFi likely to overshadow Binance Smart Chain”

The growth of Decentralized Finance has been quite spectacular over the last couple of years. The space, however, has been prone to attacks and manipulation right from its inception. In fact, even rapid security protocol advancements over time haven’t been able to prevent such hacks. The latest to fall victim to the same is autonomousContinue reading “Post the ‘buggy’ upgrade, are COMP HODLers in grave trouble”

Popular DeFi protocol Stake Steak is in the news today after it suffered an exploit that allowed hackers to mint an exponential amount of the platform’s STEAK token. Soon after, its price plummeted by over 99%. The Fantom protocol, which aims to keep the fUSD and USDC stablecoins pegged, suffered the exploit after exploiters wereContinue reading “Fantom protocol Stake Steak’s token crashes by 99% post private key exploit”

The “centralization-decentralization” debate has been going on since ages. Proponents and opponents end up clashing with each other’s opinions every other day. Both ecosystems come with their own pros and cons, and thus, there hasn’t been any compelling conclusion to date. Crypto was, in fact, born out of the aforementioned opinion discrepancies. Even though decentralizationContinue reading “DEXes vs CEXes: Are exchanges like Uniswap, dYdX falling short of expectations”

The recent bug-incident related to the Compound Finance upgrade resulted in a loss of over $80 million worth of COMP. In this regard, Compound Labs founder Robert Leshner had earlier said that the total COMP at risk was about 280,000 tokens at worst. But, he has updated on Twitter that the risk was in factContinue reading “Losses of up to 490,000 COMP estimated, due to bug in Compound Finance upgrade”

Towards the end of last month, as the market saw considerable shake-off and most altcoins shed their past gains, the winner of the month appeared to be the decentralized finance (DeFi) sector. Uniswap gained more than 40% in the last week of September while dYdX made new ATHs.  FUDs fueling Defi? A Chainalysis report notedContinue reading “Do Uniswap, Dydx need the impetus of another ‘macro-event’”

The market cap tussle for the third spot has already commenced. Yesterday, Binance Coin took over Cardano on CMC’s ranking chart. The flip was momentary and ADA ended up re-claiming its spot right next to Ethereum. Even so, the market cap difference was only around $600 million at the time of writing, indicating that theContinue reading “What Binance Coin is actually worth, despite a lukewarm short-term performance”

Over the last year, cryptocurrencies such as Bitcoin and Ethereum have become extremely popular with retail customers, reshaping how investors interact with financial instruments. A new generation of investors have welcomed investing as a tool for financial freedom and, with the rise of access to technology, crypto-markets provide a key step in democratising wealth. InContinue reading “DeFi needs a unique approach, ‘with different technology, we need different rules’”

The hype of NFTs has led to the involvement of major alts like Ethereum and Solana. However, a lot of DeFi projects have one project in common – Chainlink. Thanks to its oracles, it provides real-time data to the smart contracts that make trading of these NFTs easier. However, Chainlink’s newest integration has given NFTsContinue reading “Can Chainlink’s next NFT gamble change the game for stablecoins”