Tag: Decentralized finance (DeFi)

news-12082024-031135

Rethinking Token Distribution in the Crypto Industry: A Necessary Shift

A major issue that is holding back widespread adoption of blockchain technology is the focus on speculation within the industry. In order to create a sustainable ecosystem and attract more users, it is crucial...
news-08082024-075206

Evaluating the Effectiveness of Sanctioning Tornado Cash

Sanctions are put in place by the U.S. government to prevent activities like money laundering and funding terror groups. The New York Federal Reserve has found that sanctions against Tornado Cash have had an...
news-06082024-214001

Ronin Network Hit by $9.8 Million Exploit, Halts Bridge Operations

Ronin Network, a popular blockchain network for games that powers the Axie Infinity game, recently made headlines after pausing its bridge operations following a $9.8 million exploit. The incident, which occurred on August 6,...
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Aave Generates $6M Revenue Amid Crypto Market Downturn

The founder of Aave, a decentralized finance (DeFi) protocol, announced that the platform generated $6 million in revenue during a recent crypto market downturn. This drop in the market was influenced by the Bank...
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Polymarket Surpasses DeFi Giants in Traffic Amid Trump-Harris Election Betting Craze

Polymarket, a prediction market platform, has experienced a surge in website traffic, surpassing other DeFi giants like Uniswap, dYdX, Compound, and GMX. This increase in traffic is mainly due to the growing interest in...
news-29072024-170524

Cryptocurrency Market Analysis: Bitcoin, Ethereum, Solana Updates & Trends

After a period of stagnation in the cryptocurrency market, Bitcoin, Ethereum, and Solana saw a significant rebound towards the end of last week. Ethereum managed to recover from around $3,000, while Bitcoin and Solana...
news-29072024-150339

Solana Surpasses Ethereum in Weekly Fee Revenue: A Milestone Achievement

Solana has achieved a significant milestone by surpassing Ethereum in weekly fee revenue for the first time since its launch. According to Blockworks Research, Solana generated approximately $25 million in revenue during the week...