DeFi

DeFi
Polymarket Shatters Monthly Usage Stats in July
Crypto’s leading prediction market tripled its monthly volume in July as traders took full advantage of the platform's versatility.

DeFi
Solana Flips Ethereum in Monthly DEX Volume For First Time Ever
Solana’s DEXs processed $54 billion of trading volume in July, while Ethereum’s DEXs did $52 billion.

DeFi
Bitcoin Layer 2 Bitlayer Overtakes Merlin as Scaling Battle Heats Up
Bitlayer accounts for 31% of all total value locked (TVL), versus Merlin’s 16%.

DeFi
Ripple Partners with OpenEden to Tap Tokenized Treasury Market
Ethereum continues to dominate the tokenized Treasury sector with a 76% market share.

DeFi
Jupiter Community To Vote On Reducing JUP Supply By 30%
The measure is intended to reduce the impact of heavy looming JUP inflation.

DeFi
Elixir Unveils Yield-Bearing Stablecoin To Compete With Ethena
Elixir’s deUSD is backed by a delta-neutral ETH position, accumulating Ether staking rewards and short funding rates to pay out yield to holders.

DeFi
Terra Can’t Catch a Break as Blockchain Gets Exploited for $6 Million
The attack, which exploited a vulnerability disclosed in April, drained roughly 60 million ASTRO tokens, which sent the price plummeting.

DeFi
Degens Can Now Make Memecoins From Tweets
Four steps and users can launch their memecoins on makenow.meme.

DeFi
Telegram Game Hamster Kombat Plans to Airdrop 60% of Tokens to Users
The airdrop announcement comes after the game decided to postpone its original plans in July.

DeFi
Compound Governance Attack Reveals Inherent Vulnerabilities Of DAOs
Many experts agree that DAOs are vulnerable to misaligned incentives and the whim of large tokenholders.


