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DeFi

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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.
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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.
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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%.
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DeFi

Ripple Partners with OpenEden to Tap Tokenized Treasury Market

Ethereum continues to dominate the tokenized Treasury sector with a 76% market share.
Jupiter Community To Vote On Reducing JUP Supply By 30%
DeFi

Jupiter Community To Vote On Reducing JUP Supply By 30%

The measure is intended to reduce the impact of heavy looming JUP inflation.
Elixir Unveils Yield-Bearing Stablecoin To Compete With Ethena
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.
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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.
Degens Can Now Make Memecoins From Tweets
DeFi

Degens Can Now Make Memecoins From Tweets

Four steps and users can launch their memecoins on makenow.meme.
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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.
Compound Governance Attack Reveals Inherent Vulnerabilities Of DAOs
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.