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DeFi

Zapper to Shut Down Aug. 3 After Nearly Seven Years
DeFi

Zapper to Shut Down Aug. 3 After Nearly Seven Years

The DeFi portfolio tracker once handled $13 billion in transaction volume and 2 million monthly users before deciding an orderly wind-down was its best option.
CAP Token Climbs to #2 Lending-Borrowing Protocol by Volume, 10 Days After Launch
DeFi

CAP Token Climbs to #2 Lending-Borrowing Protocol by Volume, 10 Days After Launch

Cap's governance token has generated $862 million in cumulative trading volume since its June 26 debut.
ENS Co-Founder Proposes Delegating 5M ENS Tokens to Reform DAO Governance
DeFi

ENS Co-Founder Proposes Delegating 5M ENS Tokens to Reform DAO Governance

Alex Van de Sande, a co-founder of the Ethereum Name Service (ENS), proposed Monday that the ENS DAO delegate 5 million ENS tokens from its dormant community treasury to individual participants.
Cloudflare Launches Monetization Gateway for Stablecoin Payments via x402
DeFi

Cloudflare Launches Monetization Gateway for Stablecoin Payments via x402

Cloudflare opened a waitlist for its Monetization Gateway on Wednesday, letting customers charge for web pages, datasets, APIs or MCP tools with payments settling in stablecoins over the x402 protocol. Will Papper, formerly of Syndicate, joined the company as product manager for Agent Payments to lead the effort.
dYdX Launches Arcus, a DEX Pairing Stock Tokens With Perpetuals on Robinhood Chain
DeFi

dYdX Launches Arcus, a DEX Pairing Stock Tokens With Perpetuals on Robinhood Chain

dYdX Labs founder Antonio Juliano launched Arcus, a new DEX combining tokenized stock trading with perpetual futures, built jointly with Robinhood Crypto on Robinhood Chain.
 World Launches Onchain Prediction Market on Solana Through Phantom
DeFi

World Launches Onchain Prediction Market on Solana Through Phantom

The platform, unmasked in late June after two-plus years as an anonymous "Trade Everything" teaser account, opens trading in Phantom's CASH stablecoin and leans on Chainlink oracles instead of human-run resolution.
Drift Protocol Rebrands to Velocity DEX Ahead of Relaunch
DeFi

Drift Protocol Rebrands to Velocity DEX Ahead of Relaunch

Solana perpetuals exchange Drift Protocol has rebranded to Velocity DEX, with a private beta planned in the coming days as the platform rebuilds after a $295M April exploit.
Machi Big Brother's Hyperliquid Losses Top $80M as He Sells Bored Apes for Margin
DeFi

Machi Big Brother's Hyperliquid Losses Top $80M as He Sells Bored Apes for Margin

The trader's latest Ethereum liquidation came without a fresh deposit to backstop it, a first in a months-long losing streak tracked onchain.
Phantom Hires Ventuals Founders After Hyperliquid Perps Venue Winds Down
DeFi

Phantom Hires Ventuals Founders After Hyperliquid Perps Venue Winds Down

The Solana wallet is bringing on the three-person team behind a pre-IPO perpetuals platform, deepening its push into derivatives.
Magic Eden, Founders Sued by $ME Buyers Over Broken 'Utility' Promises
DeFi

Magic Eden, Founders Sued by $ME Buyers Over Broken 'Utility' Promises

A nationwide class action in New York accuses the NFT marketplace and its four co-founders of marketing the token's use cases, then delaying or abandoning them as $ME fell roughly 99% from launch