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,…

Nature doesn’t mess about. When you take a ship into the deep ocean you’d best beware, because she can really f*&k you up. Way back before all this crypto malarkey a young filmmaker used to hike up mountains and film the bravest souls in the world backflip off 100 foot cliffs and ski away as…

With the market for Layer 1 tokens such as AVAX red hot this month, it would be easy to overlook a development on the Layer 2 side of the DeFi universe. Yet three days ago Lyra, a cryptocurrency options platform, released a new offering that will let investors trade on Layer 2, a catch-all term…

The decentralized exchange Pangolin, the Uniswap of the Avalanche blockchain, is having its biggest week to date, and the week isn’t over. According to the exchange’s analytics, it’s closing in on $900 million for the week, already doubling last week’s volume of $425 million, which had also been by far its biggest week. From the…

And you thought Solana was hot. Well, it is, but Terra’s LUNA token has eclipsed SOL in the last month.  LUNA has skyrocketed about 265% in the last 30 days compared to SOL’s 150% performance, according to CoinGecko. While Avalanche’s AVAX token has more than tripled in value in that period one thing seems clear…

The Speaker of the House, Nancy Pelosi, on Tuesday committed to pass the President’s bipartisan infrastructure bill by the end of September. Many in the cryptocurrency industry in the past few weeks have rallied to fight the legislation under the argument that the Internal Revenue Service will place excessive reporting requirements for participants in blockchain’s…

Corporate debt is no longer good enough for Circle, the blockchain powerhouse. That’s the upshot of a move Circle announced on Sunday as it unveiled a rebalancing of the reserves that support USDC, it’s widely used stablecoin. Circle, a peer-to-peer payment platform powered by blockchain technology, will now solely use cash and short-duration U.S. Treasury…

Avalanche, a smart contracts platform, now has its first DeFi protocol with $1B in total value locked. The protocol, Benqi Finance, launched just four days ago on Aug. 19 and has been distributing $3M in AVAX tokens to users. AVAX tokens are from Ava Labs, the company that created Avalanche, and the distribution is part…

NFTs are a simple idea, but not for long. We’ve already seen how they’re being tapped as collateral for loans. Now more complex instruments are coming, thanks in part to projects breaking NFTs into pieces in a process called fractionalization.  That’s not all — some financial engineers are reportedly fashioning futures contracts derived from NFTs. …