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.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Axelar Foundation, the nonprofit supporting the growth and adoption of the Axelar Network interoperability protocol, has disclosed strategic AXL token sales worth $30 million.
In a last-minute bid, the trader sent 2,000 ETH to lower the liquidation price, buying himself additional breathing room.
Ava Labs’ bid to bring the automated market maker Balancer onto Avalanche appears set to go through, according to a vote snapshot on Monday.
The omni-chain solution, which counts Brevan Howard and Hamilton Lane as early partners, is live on several chains.
The crypto index fund manager counts 'thousands' of financial advisors, family offices and institutional investors as clients, it says.
DoubleZero announced today that its latest $28 million token round was co-led by Multicoin Capital and Dragonfly Capital.
The move comes amid a series of proposals part of Aave’s “GHO cross-chain strategy" aimed at driving the stablecoin's adoption.
Framework Ventures led Infrared's Series A round, with participation from NGC Ventures, Selini Capital and others.
According to Aave, Sonic’s monetization model allows protocols like Aave to earn a share of the transaction fees generated by user activity.