DeFi

DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.


Markets

Arbitrum Tokens Rack Up $2B in Trading Volume, Analysts Point to Growth Ahead

Integration into Arbitrum’s wider DeFi system could provide some new impetus for bullish sentiment for ARB tokens, one exchange executive said.

(Shutterstock)

Tech

Cosmos-Based DeFi Protocol Quasar to Start Mainnet After Raising More Than $11.5M

Quasar is optimized for managing DeFi investments across multiple blockchains.

Quasar logo (Quasar)

Finance

Radix Tokens Raises $10M Ahead of Introducing Smart Contract Capability

The funding round was led by market maker and investment firm DWF Labs and gives the firm a valuation of $400 million.

(Shutterstock)

Tech

Ethereum Network DRPC Aims to Quell Centralization Risks Ahead of Shanghai Upgrade

DRPC developers say Ethereum remains dependent on a few major centralized RPC players, which undermines ecosystem sustainability and security.

Shanghai (Unsplash)

Tech

Arbitrum Users Claim 42M ARB Tokens in First Hour of Airdrop

Users likely claimed the tokens by interacting with the smart contract directly as blockchain scanners and the website were temporarily down.

(DALL-E/CoinDesk)

Markets

Arbitrum's ARB Token Trades at $3.99 as 625,143 Wallets Receive Airdrop

Decentralized exchange GMX becomes the largest single holder of ARB after receiving 8 million tokens.

Arbitrum airdrop goes live. (Pexel/Pixabay)

Finance

Arbitrum Site, Blockchain Scanner Down Ahead of ARB Airdrop

The front ends were down amid massive interest from traders.

(Shutterstock)

Tech

Ethereum Usage Will Drop If the Blockchain Doesn’t Boost Speed: Bank of America

The network has had a first-mover advantage thus far as a platform developers could build apps on, a report from the bank said.

Ethereum’s long-term viability depends on its ability to follow its road map. (Shutterstock)

Markets

Blockchain-Based Debt Protocol Obligate Records First Bond Issuance on Polygon Network

Swiss commodities trading firm Muff Trading AG issued corporate bonds using Obligate’s decentralized finance platform, which is set to open to the public on March 27.

Switzerland flag (Stephen Leonardi/Unsplash)

Tech

IoTeX Blockchain's DAO Votes to Add Ether Liquid Staking Derivatives

The proposal seeks to make the network more secure by increasing the number of people who validate transactions on the platform.

(Roibu/Shutterstock)