DeFi protocols are generating more money than ever before, and users are taking the large majority of it, according to a dashboard released by The Block yesterday. Uniswap, SushiSwap and Compound generate the most revenue out of the DeFi protocols tracked by The Block. This month, they’re each on track to bring in record revenue…

The year is 2023. Blockchain technology has reached unprecedented heights. DeFi is mainstream. Gas fees are negligible now. Your memecoins alone are worth millions of dollars. You’ve reinvested half of your net worth in NBA Top Shots, and you’re confident that this is the best financial decision you’ve ever made. And then the US government…

Ethereum bots’ profits are getting juicier: Nearly half of the total revenue they’ve made since January 2020 comes from value they’ve extracted in the last 30 days.  Flashbots’ newly launched MEV Dashboard tracks and quantifies MEV extracted on-chain, dating back to the first block of Jan. 1 2020. The tracker has documented over 1.3M MEV…

Non-Ethereum DeFi tokens are outperforming their Ethereum peers. Of the top 10 best-performing DeFi tokens with over $100M market capitalizations in the past seven days, six are non-Ethereum or cross-chain based and four exist solely on the Ethereum blockchain.  On the flip side, looking at the 10  biggest DeFi losers of the last seven days…

With transactions in the several hundreds of dollars and the chain’s blocks perpetually filled as competitors inch in, it’s not an overstatement to say the future of Ethereum depends on scaling solutions known as Layer 2s.  Layer 2 (L2) is a term for technologies which take Ethereum transactions off its main chain, enabling the network’s…

Trading Ethereum-based assets is about to get cheaper. Decentralized exchange dYdX is moving its perpetual derivatives trading off the Ethereum main chain to a Layer 2 scaling solution.  dYdX, the 7th largest DEX by volume, is moving its cross-margined perpetuals contracts to a Layer 2 protocol built over the past seven months together with StarkWare,…

DeFi is in its biggest market rout of the year and borrowers are feeling the pain. Liquidations in decentralized finance spiked to a record $133M in the past day, according to Debank data.  $85.2M, or almost 78% of the liquidations, were on  Compound. $13M, or 12%, has been shared between Aave V1 and Aave V2.…

The DeFi world is abuzz with the following question: Is Binance Smart Chain taking over Ethereum as the ecosystem’s base layer?  We looked at the numbers and the answer is not by a long shot ––at least not yet–– and this is assuming that BSC can actually be considered DeFi, which some Ethereum advocates will…

Reversible ICO (rICO)—the latest brainchild from Ethereum dapp developer and ERC 20 creator Fabian Vogelsteller—is a new model for ICOs (Initial Coin Offerings used to fundraise for start-ups) where investors reserve tokens instead of buying them outright. Returnable tokens This new fundraising mechanism allows investors to reserve and buy tokens over time, and “return” reserved…