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Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed

Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX CollapsedOn December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion. Moreover, during the past 12 months, the TVL in defi dropped 82.56% from roughly $239 billion in Dec. 2021, to today’s aggregate. Smart Contract Token […]

German watchdog orders Worldcoin to delete non-compliant data

Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days

Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed  Billion in 36 DaysSmart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the last 36 days. The total value locked (TVL) in defi protocols has dropped to $43 billion, the […]

German watchdog orders Worldcoin to delete non-compliant data

State of Decentralized Finance Remains Lackluster, Value Locked in Defi Slid 67% in 6 Months

State of Decentralized Finance Remains Lackluster, Value Locked in Defi Slid 67% in 6 MonthsDuring the last 125 days or roughly four months, the total value locked (TVL) in decentralized finance (defi) has been range bound within the $50 billion to $65 billion region. The TVL in defi has shed significant value during the past six months as it dropped from $161 billion on April 1, down more than […]

German watchdog orders Worldcoin to delete non-compliant data

Crypto Hackers Gross Over $3 Billion From 125 Hacks so Far This Year

Crypto Hackers Gross Over  Billion From 125 Hacks so Far This YearData from blockchain analytics firm Chainalysis shows that October is “the biggest month in the biggest year ever for hacking activity.” The firm added that crypto hackers have grossed over $3 billion across 125 hacks so far this year. Crypto-Hacking Activity Soars in October Chainalysis shared some crypto-related hacking statistics Wednesday. The blockchain data analytics […]

German watchdog orders Worldcoin to delete non-compliant data

Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%

Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion. The TVL has not been this low in over five months since March 29, and the most dominant defi protocol today is Makerdao, leading […]

German watchdog orders Worldcoin to delete non-compliant data

Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism

Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by SkepticismThis week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron’s TVL rising, […]

German watchdog orders Worldcoin to delete non-compliant data

Report: $1.3 Billion in Crypto Stolen in Q1 2022, 97% Stemmed From Defi Exploits

Report: .3 Billion in Crypto Stolen in Q1 2022, 97% Stemmed From Defi ExploitsAccording to a research report, $1.3 billion in digital currencies have been stolen during the first quarter of 2022. The study, published by cryptomonday.de researchers, further highlights that 97% of the stolen funds derived from decentralized finance (defi) protocol exploits. Defi Exploits Account for Lion’s Share of Stolen Crypto This Year 2022 is already breaking […]

German watchdog orders Worldcoin to delete non-compliant data

Uniswap Launches Swap Widget — Devs Can Embed the Dex With ‘One Line of Code’

Uniswap Launches Swap Widget — Devs Can Embed the Dex With ‘One Line of Code’On Thursday, Uniswap Labs, the company behind the popular decentralized finance (defi) protocol, Uniswap, launched a tool called the Swap Widget. Essentially, the widget allows developers and decentralized app (dapp) operators to embed the Uniswap decentralized exchange (dex) app with “one line of code.” Software Engineers Can Now Embed Uniswap Swapping Functionality Into Web3 Dapps […]

German watchdog orders Worldcoin to delete non-compliant data

Makerdao Dev Insists Defi Protocol Should Leverage Real World Assets to Scale

Makerdao Dev Insists Defi Protocol Should Leverage Real World Assets to ScaleOn March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good, but “the time is passing” and he believes Makerdao needs […]

German watchdog orders Worldcoin to delete non-compliant data