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Fantom Surpasses Binance Smart Chain as the Third-Largest Defi Blockchain

The total value locked (TVL) in decentralized finance (defi) protocols has lost ​​6.8% during the last 24 hours as crypto markets have experienced more losses. However, the Fantom blockchain has…

Continue ReadingFantom Surpasses Binance Smart Chain as the Third-Largest Defi Blockchain

Value Locked in Defi Slides 21% in 2 Weeks, $200B TVL Still 10x Larger Than This Time Last Year

The value locked in decentralized finance (defi) has dropped 21.22% since January 4, 2022. At the time, the total value locked (TVL) in defi was $255.84 billion and today, the…

Continue ReadingValue Locked in Defi Slides 21% in 2 Weeks, $200B TVL Still 10x Larger Than This Time Last Year

Polygon Acquires Mir Protocol in $400M Deal in Order to Bolster ‘Groundbreaking ZK Rollup Tech’

On December 9, Polygon co-founder Mihailo Bjelic announced that the project has acquired the Ethereum scaling startup Mir in a $400 million deal. The Mir team of cryptographers and engineers…

Continue ReadingPolygon Acquires Mir Protocol in $400M Deal in Order to Bolster ‘Groundbreaking ZK Rollup Tech’

Coinbase Launches Defi Yield Earning Service to Over 70 Countries, United States Not Included

The cryptocurrency exchange Coinbase has revealed that it has made decentralized finance (defi) more accessible by giving Coinbase customers from over 70 countries access to earning yield on the stablecoin…

Continue ReadingCoinbase Launches Defi Yield Earning Service to Over 70 Countries, United States Not Included

Total Value Locked in Defi Reaches $250 Billion — Uniswap, Quickswap, Trader Joe Dominate Dex Volumes

During the second week of October, the total value locked (TVL) in decentralized finance (defi) protocols crossed $200 billion, and two weeks later in November, the TVL in defi surpassed…

Continue ReadingTotal Value Locked in Defi Reaches $250 Billion — Uniswap, Quickswap, Trader Joe Dominate Dex Volumes