Layer 1s Fall Back to Earth After Surge in Popularity
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News
- Layer 1s Fall Back to Earth After Surge in Popularity
- OpenSea Launches On BNB Chain
- Cronje Explains Why Fantom is Poised to Run 30 Years — DeFi
DeFi Explainers
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News
Ethereum Blockchain
Layer 1s Fall Back to Earth After Surge in Popularity
Fantom, Avalanche and Other EVM Networks Have Become DeFi Infrastructure Amid Falling Revenue
By Samuel Haig
When it comes to Layer 1s there’s good news, and bad news. On the one hand these low-cost systems offering Ethereum Virtual Machine compatibility have surged in popularity and become an indelible fixture in the architecture of decentralized finance. Yet on the other hand, the activity on many of these chains is now just a fraction of the highs posted during the bull market that ended in May.
Read the fully story in The Defiant
NFT Marketplaces
OpenSea Launches On BNB Chain
Leading NFT Marketplace Now Supports Eight Blockchains
By Owen Fernau
As the nascent NFT field struggles with low trading volumes, the leading marketplace is expanding onto new blockchains. OpenSea, which processed over $5M of daily volume in November, launched on Binance’s BNB Chain on Nov. 29. This means that users will be able to trade BNB-native NFTs on OpenSea.
Read the full story in The Defiant
Sponsored Post
The Fabricant Launch Wholeland : The Ultimate Web3 Fashion Experience
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The Fabricant started to build the wardrobe of the metaverse via their NFT co-creation platform where you can co-create exclusive virtual garments to trade and wear in the metaverse.They collaborated with World of Women in 2022, to create a unique collection inspired by the women characters in the WoW NFT artworks.The Fabricant just announced a new full experience called Wholeland.
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DeFi Projects
Cronje Explains Why Fantom is Poised to Run 30 Years — DeFi
Foundation Increased Treasury from $3M to $1.5B in a Year
Decentralized finance saved the foundation behind Fantom, the Layer 1 blockchain, from a slow march to financial ruin, according to crypto entrepreneur Andre Cronje, one of the project’s most notable contributors. When crypto valuations fell in late 2018, the Fantom Foundation was left with a fraction of the $40M it had raised only six months earlier, Cronje wrote in a Monday blog post titled “Fantom: an inside financial peek at being a ‘crypto company.’”
Read the full story in The Defiant
DeFi Explainers
What is Liquity?
A Step-by-Step Guide to the DeFi Lending dApp
Liquity is a decentralized application for borrowing crypto money without paying an interest rate on the ETH collateral. You may wonder, doesn’t this defeat the purpose of lending? Not when it comes to decentralized finance (DeFi). Liquity’s borrowing platform integrates dual tokens — LQTY and LUSD — to provide liquidity for decentralized loans.
Read the full story in The Defiant
Shoutout
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