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,
NFTs have pulled in huge money and a notable financial incumbent fan in the past couple days. Investor appetite for NFT art and collectibles shows no signs of abating. Sales volumes on OpenSea, the largest NFT marketplace, topped $100M for three consecutive days, a new
The Ethereum market is on fire, at least proverbially speaking. Over the first eight hours since EIP-1559 was implemented, thus changing the transaction fee mechanism of Ethereum, 2,458 ETH, or $6.9M at ETH’s current price of around $2.8K, had been burned. The proposal, which went
The price of Ethereum’s Ether has been rallying in the lead-up to the EIP-1559 upgrade. ETH crossed $2,500 for the first time since June 16 over the weekend — that’s a 47% increase from $1.7K on June 22, the lowest since hitting an all-time high
You know we’re heading into frothy markets when an otherwise unremarkable tweet sends a token flying. Alpha Homora’s token ALPHA jumped by almost 50% to the highest since its launch in October after the DeFi project tweeted on Monday that 0.39% of ETH supply is
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The Defiant's Definitive Guide to DeFi
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This guide is meant to be a one-stop-shop to get started. These are all the DeFi basics you will need to start exploring the internet of money.