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Solana Faces Renewed Criticism After 10th Downtime and Bumpy Restart, but Developers Remain Optimistic

Solana Faces Renewed Criticism After 10th Downtime and Bumpy Restart, but Developers Remain OptimisticFollowing the initial incident on Feb. 25, Solana resolved the blockchain’s performance degradation after validators decided to restart the network. According to an outage report following more than 24 hours of downtime, Solana developers detailed that the “root cause is still unknown and under active investigation.” Social Media Mocks Solana’s 10th Downtime, Supporters Defend Project […]

Ripple CEO Sounds Alarm on SEC Chair Selection Amid Warnings of Oversight Risks

Value Locked in Defi Loses $5.7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 Hours

Value Locked in Defi Loses .7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 HoursThe total value locked (TVL) in decentralized finance (defi) has slid 8.53% over the last five days since August 14, 2022. At the time, the TVL was $67.87 billion but today, the value locked in defi is approximately $62.08 billion. Moreover, the top smart contract platform tokens by market valuation today are worth $372 billion, […]

Ripple CEO Sounds Alarm on SEC Chair Selection Amid Warnings of Oversight Risks

More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols

More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi ProtocolsIn mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to […]

Ripple CEO Sounds Alarm on SEC Chair Selection Amid Warnings of Oversight Risks