Avalanche Blockchain Had 1,500% Transactional Growth in 2022: Nansen
Such transactional activity came even as the total value of tokens locked on Avalanche-based decentralized finance applications slid from 2021’s $15 billion peak to just over $900 million in November 2022.
Crypto Traders' Focus on Curve USD Stablecoin Drives Curve Token Price Higher
Tokens related to decentralized stablecoin protocols gained in the past 24 hours following troubles at Paxos’ BUSD offering.
Aave Community Mulls Freezing Binance Stablecoin Amid SEC Pressure
As circulating supply trends to zero, the lack of growth could "hurt peg arbitrage opportunity and asset peg," one community member said.
Wormhole Bridge Exploiter Supplies $46M to Crypto Lending Platform Maker, Buys Wrapped Ether
The exploiter may be earning returns on staked cryptocurrency.
Bernstein Says Regulatory Backlash Will Lead to More DeFi and Offshore Crypto
Regulatory overreach will lead to further movement towards decentralized finance apps, built directly on-chain by anonymous teams, the report said.
DeFi Protocol Clearpool Chooses Polygon Network for Its Institutional Lending Platform
Clearpool also opened the onboarding and whitelisting process for institutional borrowers and lenders to its Prime platform.
DYdX DeFi Grants Renewal Proposal Spurs Polarized Community Discussion
Nearly 90% of voters favor the grants proposal, but many in the community pointed out controversial limitations.
Arbitrum-Based Radiant Capital Targets Outsized Platform Profitability With V2 Launch
Radiant has already generated $5 million in fees for users since its July launch.
How to Avoid the Death of DeFi in the Wake of FTX
The crypto exchange’s collapse is an inevitable outcome for an industry yet to find its use case. For crypto to survive, it needs to learn from the very financial sector it set out to replace, says Brent Xu, the CEO of Umee.
DeFi's Current Functionality 'Barely Scratches the Surface,' Bank of America Says
The correction in digital asset markets last year led to a shift in focus and capital from speculative trading to projects with real-world functionality, but decentralized finance’s (DeFi) current functionality "barely scratches the surface," Bank of America (BAC) said in a research report Wednesday. The banking giant added that developer activity and adoption are part of the key to success. "The Hash" panel discusses the key takeaways of the report.
