Layer 1
Harmony Opens the Throttle on Layer 1 with $300M Fund for Myriad Projects
The Layer 1 blockchain Harmony unveiled a $300M ecosystem fund today to back startups working on applications and protocols. There are many large blockchains now, but to a certain degree each one is a bit of a walled garden, Stephen Tse, Harmony’s founder told The Defiant, via a spokesperson. “Harmony was purpose-built so that developers…
Solana Attracts Oracles as Momentum Builds for Next Phase of DeFi
Blockchains really only know themselves. That’s what blockchains are good at: knowing the current state of assets held by all the blockhain’s users with confidence grounded in cryptographic verifiability. “[Blockchains] don’t have the ability to speak to the outside world, so they aren’t able to incorporate that into their logic and their contracts,” Kanav Kariya,…
Layer 1 Boom Drives Terra’s LUNA Token to the Moon
And you thought Solana was hot. Well, it is, but Terra’s LUNA token has eclipsed SOL in the last month. LUNA has skyrocketed about 265% in the last 30 days compared to SOL’s 150% performance, according to CoinGecko. While Avalanche’s AVAX token has more than tripled in value in that period one thing seems clear…
"We're Lifting Barriers For Outside Users; If You Allocate Capital in a Vacuum, It's Kind of Meaningless:" Terra's Do Kwon
In this week’s episode, we interview Do Kwon, cofounder of the Terra ecosystem, which includes a payments network, a stablecoin, a lending protocol and a synthetic assets platform. We talk about how he was able to achieve what most crypto companies can’t: Get a broad non-crypto native user base. Terra’s Chai payments system, which uses the Terra stablecoin, has about…
