Tag: DeFi

    Top 5 DeFi Protocols by Revenue in 2023 - Here are top 5 DeFi protocols with highest revenue in 2023, Blockworks releases based on data from DeFiLlama.

    Wallacy Wallet introduces the Futures Trading feature - Wallacy's Futures Trading covers over 140 trading pairs across multiple Ethereum-compatible blockchains.

    Data Shows Binance Outflows of Over $1 Billion After CZ’s Guilty Plea - During a span of 24 hours, Binance encountered an outflow of $1.01 billion, whereas OKEx observed a net inflow of $152 million.

    Decentralized Finance (DeFi) Revolution: Driving Finance with Advanced Smart Contract Features - In recent years, the financial industry has seen a shift towards decentralization, driven by the development and acceptance of smart contracts. These digital agreements execute themselves based on encoded code, offering various functions that play a crucial role in promoting the growth of decentralized finance (DeFi).

    DeFi Struggles in the First Half of 2023

    As of July 17, 2023, DeFi has been consolidating with a TVL of $44.19B. In 2023, except for a brief period in April, the TVL has stayed below $50B.

    Ethereum Community Proposes New Token Standard to Reduce DeFi Attacks - ERC-7265 will enable DeFi protocols to integrate “Circuit Breakers” to prevent DeFi attacks.

    Lending Platform Hacked $1.59 Million

    An alleged ethical hacker has drained $1.59 million from an Arbitrum-based lending platform called

    What is Liquid Staking – New Trend of Crypto Market - Liquid staking is a new trend of the crypto market, attracting a lot of attention from the community.

    Crypto Market Lost Nearly $4 Billion in 2022 Due to Security Attacks

    According to the annual report from Immunefi, the cryptocurrency market lost nearly $4 billion to security hacks in 2022.