Liquity Network, relatively unknown before its April 5 launch, now has $2.4B of ETH locked, placing it 11th among all Ethereum protocols, ahead of open finance mainstays Synthetix and Bancor. The protocol resembles MakerDAO in that users lock up ETH in order to mint Liquity’s stablecoin LUSD, but differs from the DAI-orginiator in that it…

Before, going viral offered didn’t much more than internet fame. Now, it’s providing the humans behind the memes with hefty paydays, thanks to NFTs. The recent upswing in NFTs has given memes a new monetization avenue to the tune of 100+ ETH sales. Most of these memes are selling on Foundation – the new kid…

“It’s no secret that the Ethereum blockchain is a highly adversarial environment. If a smart contract can be exploited for profit, it eventually will be. Some very smart people spend a lot of time examining contracts for vulnerabilities. But this unforgiving environment pales in comparison to the mempool. If the chain itself is a battleground,…

An all-time high of 11.2M Ether is locked in DeFi protocols, despite a weekend sell-off. Liquidations spiked, while tokens continue sliding. Locked Ether’s resilience may show that DeFi participants do not consider the recent drop in price to signal a long-term trend and thus are not unlocking their ETH in order to sell. Borrowers may also…

As ETH reaches new highs and the larger DeFi market booms, average gas prices have remained surprisingly stable throughout April––and that may be all thanks to one project working at the very core of the chain.  Flashbots Alpha is a proof-of-concept communication channel between traders and miners that allows formerly inefficient on-chain bidding wars to…

ShapeShift’s mobile platform has integrated with multi-chain liquidity protocol THORChain to offer native Bitcoin trading without KYC. THORChain’s recently launched multichain “chaosnet” enables cross-chain swaps amongst the Ethereum, Bitcoin, Bitcoin Cash, Litecoin, and Binance Chain networks. THORChain’s native token, RUNE, exploded 111% over the past two weeks building up to the launch.Through THORChain, Shapeshift users…

A MakerDAO proposal to accept an ERC-20 token which represents shares in a pool of real estate assets as collateral in the Maker protocol passed yesterday. The use of real-world assets in DeFi is a first and is a major step in bringing the trillions of dollars worth of physical assets into the open finance…

Ether and the most popular DeFi metrics are all smashing through new records. Ether continues to push higher, hitting a record of $2487 earlier today, according to CoinGecko. Rising ETH prices is pushing total value locked in DeFi to a new high in dollar terms of $55.9B. ETH locked in DeFi hit an all-time high…

zkSync introduced an Ethereum Layer 2 solution called zkPorter yesterday promising to push the blockchain’s transactions per second (TPS) capabilities to over 20,000. This would put Ethereum within striking distance of Visa, which says its network can handle 24,000 TPS.  “To bring true scalability, we need an exponential gain in throughput,” the team wrote in…