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DeFi

Solana Outage Likely Caused by Bots Pursuing an Initial DEX Offering
DeFi

Solana Outage Likely Caused by Bots Pursuing an Initial DEX Offering

At 2:01 AM New York time Wednesday morning, the Solana blockchain went live once again, according to @SolanaStatus.  “The Solana validator community successfully completed a restart of Mainnet Beta after an upgrade to 1.6.25,” the platform reported. “Dapps, block explorers, and supporting systems will recover over the next several hours, at which point full functionality…
XRP Holders to Get Huge Airdrop of New Blockchain Songbird
DeFi

XRP Holders to Get Huge Airdrop of New Blockchain Songbird

Not only is DOGE a very good boy, its coin is about to be very smart, too — as in, smart contract-ready. Flare is a startup launching its canary network in the coming days, and it’s going to bring smart contract functionality to DOGE. It will also bring it to XRP, Stellar (XLM) and Litecoin…
Cardano Launches Smart Contracts But Now Must Deliver on Ecosystem’s Promise
DeFi

Cardano Launches Smart Contracts But Now Must Deliver on Ecosystem’s Promise

At long last, Cardano has smart contracts. Input Output Hong Kong (IOHK), one of three companies backing Cardano, announced the release on Sep. 12 as part of the so-called Alonzo upgrade. The deployment means the end of a long wait — Cardano launched its mainnet four years ago but hasn’t been able to run decentralized…
Upstart Project Helps Drive Up Arbitrum’s TVL 17 Times to $2.2B
DeFi

Upstart Project Helps Drive Up Arbitrum’s TVL 17 Times to $2.2B

Arbitrum, a Layer 2 which pushes Ethereum transactions onto a sidechain to enhance performance, is on fire.  In the last five days, Arbitrum’s total value locked has multiplied 17 times, shooting to $2.2B on Sept. 14 from $126M on Sept. 9, according to data provider L2BEAT. Arbitrum has more than 70% of the total L2…
Ethereum Layer-2 Chain Arbitrum Suffers Near Hour-Long Outage
DeFi

Ethereum Layer-2 Chain Arbitrum Suffers Near Hour-Long Outage

Arbitrum experienced what its team is describing as an “outage” this morning, according to a Tweet posted by its main account at 10:43 AM New York time. The downtime happened to coincide with a similar loss of performance on the Solana blockchain.  Arbitrum is an optimistic roll-up chain built to support the Ethereum blockchain, developed…
How to Earn Fixed Rate of Interest on 88MPH
Education

How to Earn Fixed Rate of Interest on 88MPH

88MPH is a non-custodial, fully on-chain protocol acting as an intermediary between you and third-party variable yield rate protocols to offer the best fixed yield rate on your capital.
Ape Diaries: The Early Bird Gets The Airdrop
DeFi

Ape Diaries: The Early Bird Gets The Airdrop

It has historically paid to be early in DeFi — literally. Traders (including yours truly) are betting that will also be the case on Arbitrum and Optimism.   DeFi has long fostered a culture of rewarding early adopters, with a great example being last year’s massive Uniswap airdrop in which the decentralized exchange airdropped 400 UNI…
Punks or Toadz? Referential Art Project No.1 in 24-Hour Trading Volume
DeFi

Punks or Toadz? Referential Art Project No.1 in 24-Hour Trading Volume

Another day, another NFT project, but with the strong network and idiosyncratic art behind this one, it might be in it for the long haul. The new kid on the block is CrypToadz. At 4,873 ETH, over $15M, in weekly trading volume, the project has quickly vaulted to the tenth slot on OpenSea despite launching…
dYdX Drops Over $1B to Past Users in Airdrop
DeFi

dYdX Drops Over $1B to Past Users in Airdrop

Margin trading protocol dYdX launched its native token with one of the largest distributions in decentralized finance. dYdX dropped 7.5% of its initial billion-strong token supply on Sept 8. At the current price of $11.12, those 75M tokens are worth more than $800M. At one point the airdropped tokens’ value eclipsed $1B.  That’s up there…
Digital Beauty, Asset Flipping, and a Bad Case of the Shakes: Inside the Chase for Art Blocks NFTs
DeFi

Digital Beauty, Asset Flipping, and a Bad Case of the Shakes: Inside the Chase for Art Blocks NFTs

I started chasing Art Blocks NFTs on Aug. 25 during Radix’ Eccentrics 2: Orbits drop.  That may sound like gobbledygook to some, but others, including Art Blocks founder Erick Calderon, AKA Snowfro, will know that I picked the worst time to begin my quest to mint generative digital art NFT on the platform. But three…