decentralized finance

Solana’s Decentralized Exchange Platforms Eclipse Ethereum in Daily Trading Volume, Surpassing $2.8 Billion

March 18, 2024 Bitcoin.com

bitcoin.com

This week, SOL’s value has seen a significant increase, elevating its decentralized exchange (dex) platforms and propelling the layer one (L1) blockchain to a leading position in 24-hour dex trading volume. Solana’s dex platforms have amassed $2.802 billion in trade volume over the past day, outperforming Ethereum’s dex platforms, which have recorded $2.03 billion in […]

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Japan Is on a Web 3.0 Hot Streak, and the World Should Take Notes

Crypto Economy’s Rise Fuels Defi Sector to Surpass $100 Billion TVL

March 12, 2024 Bitcoin.com

bitcoin.com

This week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at least 50%, fueled by the substantial rise in […]

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Japan Is on a Web 3.0 Hot Streak, and the World Should Take Notes

‘Web3 Gaming Offers a Pathway to a More Inclusive and Vibrant Gaming Ecosystem’ — Weiwei Geng

March 12, 2024 Bitcoin.com

bitcoin.com

While the traditional gaming industry’s free-to-play model is largely credited for its past and projected success, on the downside this model only prioritizes building games that “optimize for addiction and profit maximisation” rather than “innovative entertainment,” Weiwei Geng, the CEO of Taki Games, has argued. The Blockchain Can Revolutionize the Gaming Landscape According to Geng, […]

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Japan Is on a Web 3.0 Hot Streak, and the World Should Take Notes

Total Value Locked in Decentralized Finance Sector Surges by 45% in February: DappRadar

March 9, 2024 The Daily Hodl

Altcoins

The total value locked (TVL) in the decentralized finance (DeFi) sector surged last month, according to the crypto intelligence platform DappRadar. TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem. DappRadar notes in a new monthly analysis that the […]

The post Total Value Locked in Decentralized Finance Sector Surges by 45% in February: DappRadar appeared first on The Daily Hodl.

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Japan Is on a Web 3.0 Hot Streak, and the World Should Take Notes

Study: Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone

March 9, 2024 Bitcoin.com

bitcoin.com

In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual attacks, with 12 incidents representing 85.71% of the total losses across targeted […]

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Japan Is on a Web 3.0 Hot Streak, and the World Should Take Notes

Navigating the Wormhole Airdrop: Defi’s Next Big Token Drop Explained

March 7, 2024 Bitcoin.com

Airdrop

Wormhole, a platform fostering blockchain interoperability within decentralized finance (defi), has unveiled plans for an airdrop of its proprietary token, W. The initiative is part of the protocol’s broader aim toward progressive decentralization, rewarding dedicated users and developers within the Wormhole ecosystem. Wormhole to Airdrop W Token to Advance Defi Interoperability Wormhole, a facilitator of […]

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Japan Is on a Web 3.0 Hot Streak, and the World Should Take Notes

Uniswap Governance Votes Unanimously to Empower UNI Holders With Protocol Fee Rewards

March 2, 2024 Bitcoin.com

bitcoin.com

In a landmark governance decision, Uniswap’s community has voted unanimously in favor of a proposal to reward UNI token holders who stake and delegate their tokens. The upgrade, aimed at revitalizing the protocol’s decision-making process, has garnered overwhelming support with over 10 million UNI tokens pledged in its favor. Historic Vote to Reward UNI Holders […]

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Japan Is on a Web 3.0 Hot Streak, and the World Should Take Notes

Community-Driven Ecosystem Accelerators ‘A Vital Component of Crypto Funding Mechanisms’ – Elie Le Rest

February 29, 2024 Bitcoin.com

Avalanche (AVAX)

Large institutions will fully embrace decentralized finance (defi) only when they are confident that their trade counterparties will comply with sanctions and other international laws, argues Elie Le Rest, CEO of Colony Lab. However, Le Rest, also an angel investor, said trade counterparties can still demonstrate their willingness to adhere to rules by implementing gated […]

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Japan Is on a Web 3.0 Hot Streak, and the World Should Take Notes

Defi’s Total Value Locked Hits $80 Billion in a Dramatic Turnaround Since 2022

February 25, 2024 Bitcoin.com

bitcoin.com

Recent data reveals that the total value locked (TVL) in decentralized finance has jumped past the $80 billion milestone, reaching heights not observed since the downfall of Terra’s stablecoin in May 2022. Leading the charge in 2024 by TVL size is Lido’s liquid staking platform, with ether-based liquid staking derivatives (LSDs) securing a dominant position […]

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Japan Is on a Web 3.0 Hot Streak, and the World Should Take Notes

Decentralized Money Market Protocol Aave Joins BNB Chain’s Defi Landscape

February 22, 2024 Bitcoin.com

Aave

On Feb. 22, 2024, the primary development group of the BNB Chain revealed that the decentralized finance (defi) money market protocol, Aave, has been successfully launched on the BNB network. Boasting a total value locked (TVL) of $8.571 billion, Aave is now active across 13 blockchains in total. Aave Goes Live on BNB Chain The […]

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Japan Is on a Web 3.0 Hot Streak, and the World Should Take Notes