Tag: DeFi
Radiant Capital DeFi Protocol Loses $48 Million in Second 2021 Exploit
Radiant Capital, a DeFi protocol, recently fell victim to another exploit, losing a staggering $48 million in the process. This incident marks the second attack on the platform this year, raising concerns about the...
Is DeFi Ready for Mass Adoption? Exploring the Impact of Regulation
Decentralized finance, also known as DeFi, has surpassed $100 billion in total value locked, indicating that this innovative technology is no longer in its experimental stages but rather a global movement. This growth has...
Uniswap Layer 2 Users Surge by 350% with Poodlana Meme Coin Listing
In the ever-changing world of cryptocurrency, two major events have caught the attention of the community. Uniswap's Layer 2 (L2) user count has seen a significant surge of 350% in recent months, while Poodlana...
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...
Kwenta and Perennial Launch Arbitrum Expansion with 1.9M ARB – CoinJournal
Kwenta, a popular onchain perpetuals exchange on the Optimism network, has joined forces with Perennial to introduce a new joint product and incentive program on the Arbitrum network. The goal of this collaboration, supported...
INJ-Linked ETP Launched by Injective Labs and 21Shares on Euronext Exchanges
Injective Labs and 21Shares have made a major move by launching the first INJ-linked ETP on Euronext exchanges. The new Injective Staking Exchange-Traded Product (ETP) called AINJ will allow users to not only gain...
Understanding the Dough Finance Flash Loan Attack: Latest Updates and Analysis
Dough Finance recently experienced a devastating flash loan attack, resulting in a loss of around $1.8 million worth of digital assets. The attack targeted a smart contract within the platform, exposing vulnerabilities in the...
DEX Aggregator Rage Trade Token Launch on Hyperliquid Blockchain
Rage Trade, a decentralized exchange (DEX) perpetual aggregator, has revealed its plans to launch a new token, RAGE, through a liquidity generation event and a token sale on Fjord Foundry on August 7. The...
Dough Finance Flash Loan Attack: A CoinJournal Analysis
A recent flash loan attack on Dough Finance has left many users reeling after approximately $1.8 million was stolen from the platform. The attack, detected by Cyvers on June 12, 2024, highlighted some security...
Unlocking New Potential: Curve Finance’s crvUSD Fee Switch
Curve Finance recently made a significant move by implementing a fee switch for its crvUSD stablecoin, aiming to boost adoption and engagement within its ecosystem. The decision came after the stablecoin faced challenges in...