Tag: Decentralized finance (DeFi)
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...
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...
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,...
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...
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...
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...
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...