With more than half a billion dollars worth BTC already tokenized, Messari believes that projects bringing Bitcoin to DeFi will emerge as leaders of the crypto sector. Crypto analytics firm Messari estimates that $500 million worth of Bitcoin (BTC) has been tokenized on the Ethereum network for use in decentralized finance (DeFi) protocols. The firm’s […]
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Was the Uniswap fork that created SushiSwap a good thing for the DeFi sector? Crypto startup investor and IDEO Managing Director Ian Lee has revealed how DeFi protocols can avoid being cloned and drained of liquidity by improving upon their design and governance from the start. When SushiSwap forked from Uniswap on Friday, August 28, […]
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‘Uptake of privacy features and assets has been slow,’ the report stated. The overwhelming majority of crypto transactions do not include privacy tokens, with most traders choosing to move funds transparently rather than privately. According to crypto analytics firm Coin Metrics’ Sept. 1 State of the Network report, the combined daily transactions of three privacy […]
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Can anything slow DeFi’s growth at this point? Trading volume on decentralized exchanges, or DEXs, surpassed $11 billion in August, as DeFi madness continues making headlines. Numbers from analysis firm, Dune Analytics, revealed that August trading volume represented an uptick of 152% month-over-month. The main driver behind the skyrocketing DEX volume is Uniswap, which has […]
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SushiSwap has all but declared war on Uniswap, and Hayden Adams appears to be returning the favor. Uniswap’s founder Hayden Adams is railing against SushiSwap, a five-day-old fork of Uniswap’s decentralized exchange, which has managed to attract over $1.3 billion in value locked over its short lifespan. Like most other liquidity mine launches, participants can […]
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Ethereum miners earned a record $500K in fees for a single hour, raising concerns about network stability. Transaction fees on the Ethereum network have recently reached a new hourly record. According to Glassnode, an on-chain analytics firm, miners on the network earned over $500,000 in just one hour today as Ether (ETH) rallied. Currently sitting […]
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The island continues to work toward full crypto adoption. The Government of Bermuda has announced their partnership with stablecoin platform, Stablehouse. Together they hope to roll out a pilot program for a digital “stimulus” token, targeting both residents and merchants within the islands. According to The Royal Gazette, the idea of launching such a program […]
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UMA overtook yearn.finance to become the largest DeFi project on CoinMarketCap with a $1.3 billion market cap. The decentralized finance (DeFi) landscape is rapidly changing day after day. On Sept. 1, UMA overtook yearn.finance as the biggest “DeFi” protocol on Ethereum with a $1.3 billion market cap. Data from CoinMarketCap shows six DeFi projects are […]
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Ethereum’s co-founder has taken aim at coins designed to incentivise yield farming, comparing their underlying economics to irresponsible monetary policies Vitalik Buterin, the co-founder of Ethereum (ETH), has again taken to Twitter to warn against naive bullishness in the decentralized finance (DeFi) sector, comparing the economics of yield farming tokens to the Federal Reserve’s money […]
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Excitement for Yearn Finance’s yETH vault has reached a fever pitch after rumors of the product’s release circulated on Twitter. Analysts predict that the imminent launch of yETH by Yearn Finance could trigger a renewed surge in buying pressure on the ETH markets. The product, which is being voted on by YFI token holders, will […]
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