DeFi

DeFi

Markets

Defi Tokens Are Soaring, Leaving Behind OG Coins Like LTC, BCH and XMR

As bitcoin reaches a record high, tokens associated with DeFi and layer-2 networks are outperforming.

A space shuttle takes off on the back of a rocket. (WikiImages/Pixabay)

Markets

AAVE Surges to 3-Week High, Dominating Soaring $56B DeFi Lending Market

The token has established a robust support zone at $277-$280, while rising demand for DeFi borrowing and Aave's dominant role in the sector point to future gains.

AAVE price on July 8 (CoinDesk)

Tech

Bitcoin DeFi Project BOB Launches BitVM Bridge Testnet

The testnet debuts with support from a host of major crypto firms who will be operating nodes on the BitVM bridge, such as Lombard, Amber Group and RockawayX

BOB team (BOB)

Tech

Bitcoin Layer-2 Botanix Mainnet Debuts, Cuts Block Times to 5 Seconds

Botanix Labs has emphasized its decentralized governance. The launch coincides with its transition to being operated by a federation of 16 node operators

16:9 Willem Schroé, CEO and Co-Founder of Botanix Labs (Botanix Labs)

Finance

Katana Mainnet Goes Live as Pre-Deposits Hit $232M

Depositors will receive rewards such as randomized NFT "Krates" and a portion of KAT tokens.

CoinDesk

Finance

Trump-Linked DeFi Project World Liberty Teams With Re7 for USD1 Stablecoin Vault

The Re7 Capital partnership marks latest push to scale World Liberty's stablecoin ecosystem on BNB Chain.

Justin Sun of TRON and Zak Folkman of World Liberty Financial speak at Consensus Hong Kong 2025 by CoinDesk (CoinDesk/Personae Digital)

Finance

Newest 'Star' in Sky Ecosystem Launches With $1B Tokenized Credit Strategy

Grove will receive a $1 billion allocation from DeFi lending giant Sky to invest in tokenized collateralized loan obligations.

Digitally altered photo of a dollar bill (Ryan Quintal/Unsplash, Modified by CoinDesk)

Finance

Hong Kong Family Office VMS to Allocate Up to $10M to First Crypto Play: Bloomberg

VMS is looking to diversify its investment strategy, which has largely been focused on private equity.

Hong Kong city view. (Andrew Jephson / Unsplash)

Finance

Every Bank and Fintech Wants DeFi Under the Hood: Alchemy

Firms want to explore a “DeFi mullet:” compliance guardrails at the front, seamless access to DeFi tools at the back, said Web3 plumber Alchemy.

Alchemy CTO Guillaume Poncin (Alchemy)

Markets

Crypto Lenders Hold Nearly $60B of Assets as New Wave of DeFi Adoption Sweeps In: Report

DeFi protocols are expanding into tokenized real-world assets, with crypto-native asset managers playing a key role in capital allocation and governance, according to a new report.

(Christian Dubovan/Unsplash, modified by CoinDesk)