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,…

New token standards introduce complexity that DeFi applications are still learning how to grapple with. Prime example: Money market CREAM Finance was hit with a reentrancy attack on Aug. 30 that allowed attackers to drain $22.8 million in Flexa’s AMP token and $4.2 million worth of ETH (based on market prices in mid-morning trading Monday).…

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…

Mean Finance is the state-of-the-art DCA protocol.” Their protocol enables users to Dollar Cost Average (DCA) any ERC20 into any ERC20 with a preferred period frequency by leveraging the Uniswap V3 TWAP oracles

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. …

The whole world is struggling to wrap its head around non-fungible tokens (NFTs), including DeFi. But DeFi is trying. “Over the last two weeks NFT sales have exploded to levels well beyond the NFT boom seen in March,” says a new report by CoinMetrics. Obviously, that’s driven in part by genuine interest but also by…