The Interchain Foundation has invested in Stride to support the development of a decentralized exchange on the Cosmos Hub.
The feature is pitched as a way to access DeFi yields for USDC, USDT, USDS and DAI without going through "complex processes."
The points will convert into the Infrared token expected to launch in Q3, pseudonymous co-founder and CEO Raito Bear told The Block.
Paradigm-backed Symbiotic has raised $29 million to expand from restaking into a broader "universal staking" platform.
The firm began buying and staking SOL after being acquired by former Kraken executives earlier this month.
The protocol's trading volume has shown strong momentum, processing $175 billion in March alone, with April already reaching $83 billion at the halfway point.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
This latest allocation represents Sky’s deepening commitments to diversifying its exposure to DeFi and the RWA space.
Treehouse Finance has raised fresh funding at a $400 million token valuation to expand its DeFi fixed-income platform.
RedStone says Etheruem Layer 2 MegaETH is the only network currently able to support its ultra-fast oracle, dubbed Bolt.
MakerDAO (now known as Sky) was the only major DeFi protocol to post revenue growth, while DeFi tokens have struggled, with the GMDEFI index down 40% year-to-date.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
By the end of the year, Matcha anticipates that most decentralized exchanges and aggregators will support Solana.
Solidity remains the most widely used smart contract language in the crypto ecosystem by a substantial margin.
Uniswap DAO has voted to continue its “treasury delegation program” in a preliminary decision that will now move onchain.
Co-founders Zak Folkman and Chase Herro were reportedly replaced as “controlling parties” of the platform, according to Reuters.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The project recently merged HyperCore, the core infrastructure behind the Hyperliquid L1, to its EVM-based HyperEVM developer ecosystem.
The asset is fully backed by tether — the largest stablecoin by market capitalization — which is itself backed by cash and cash equivalents.
BNB Chain surpassed Ethereum to become the most targeted network in Q1, accounting for 19 individual attacks.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Strobe Ventures led the round with participation from Brevan Howard and angels Rune Christensen, Andre Cronje and Stani Kulechov, among others.
An attacker drain approximately 6,262 ETH, valued at around $13 million, from Abracadabra’s liquidity pools on GMX.
The introduction of PumpSwap also eliminates the 6 SOL migration fee and opens up the opportunity for creator revenue sharing in the future.
The move comes about a month after Pump.fun was found to be testing a custom-built automated market maker, possibly to replace Raydium.
The GLF token launch comes as GLIF moves beyond Filecoin, with plans to support additional decentralized physical infrastructure networks.
Converge, expected to launch in Q2, is an Ethereum-compatible blockchain featuring native KYC and custody solutions.
"We estimate that Base (the dominant layer 2) has removed $50 billion of market cap from Ethereum alone," said Geoffrey Kendrick.
The proposal hinted at a potential 15% token allocation to Aave DAO, raising concerns about diluting the existing AAVE token’s value.
The primary goal of Horizon is to bridge the gap between traditional finance and DeFi using the Aave ecosystem as a foundation.