Arbitrum, one of the most awaited Ethereum scaling solutions, has attracted $2.9M on its first day after launch, becoming the 11th largest so-called Layer 2 platform, according to L2BEAT. Offchain Labs, a blockchain software maker, launched Arbitrum on Aug. 31 with the promise to offer  lower fees and faster transactions. So far, it’s delivering: ETH…

Fantom’s liquidity mining program is once more showcasing the power incentives can have in markets as total value locked in the smart contract chain’s DeFi projects has nearly doubled in the three days since offering token rewards. TVL on Fantom soared by 80% to $990M from $547M on Aug. 29, the day before the liquidity…

Does leveraged yield farming sound intimidating? It’s understandable that some would feel that way. After all, leverage and yield strategies are tools that professional investors have been known to utilize, their inner workings esoteric to the every-day investor. Yet, with the growth of decentralized finance, that’s no longer the case. Easy-to-use platforms now exist to…

In Facebook’s early days, it famously limited membership to students in colleges and universities, opening a few at a time. Hyype, a new social network for NFT collectors, plans a similar approach but Discord server by Discord server rather than school by school. To that end, Hyype today announced a $1.5M seed round from Electric…

The first major blockchain conference I attended in person was this July at EthCC 4 in Paris. It was an amazing experience. I met so many people and learned about so many projects and gathered perspectives on where Ethereum is headed. But there was one common theme that concerned me — this notion that DAOs…

Pylon aligns the interests of both users and creators involved in long-term value exchanges via simple user deposits and stable yield payouts over time. Pylon’s products build on low-volatile yield-bearing protocols in order to unlock a new suite of options for payments and savings.

Metamask has broken 10 million monthly active users, according to the blockchain infrastructure company ConsenSys. Metamask is the leading Ethereum wallet, working both in browsers and on mobile devices. It allows users to hold cryptocurrencies on Ethereum and compatible blockchains such as Polygon. Metamask also enables users to interact with Web3 applications that use crypto…

What’s the answer to make decentralized finance more fun and immersive than its current incarnation of websites and bulletin boards? Apparently it’s community environments reminiscent of video games played on 1990s-era consoles. That at least is the bet DeFi portal Yearn Finance is making with its latest grant to Atlantis World. The company makes two-dimensional,…

The only thing cooler than working for one DAO is working for all the DAOs. But to do that you need to figure out what all DAOs need. That sounded tricky to us, too. So we asked! We gathered together some of the leading DAO founders, operators, and investors at the DAO Summit. We then…

On August 29, a prolific NFT collector who goes by the pseudonym VincentVanDough (VVD) announced that they would be launching a new NFT fund in partnership with Su Zhu and Kyle Davies, the founders of crypto hedge fund Three Arrows Capital. The new fund, named Starry Night Capital after one of Van Gogh’s most famous…