TVL in Defi Slides Under $40 Billion, Tapping a Low Not Seen Since February 2021
The total value locked (TVL) in decentralized finance (defi) has fallen below the $40 billion mark for the first time since the first week of Feb. 2021. On Dec. 17,…
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Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed
On December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion.…
Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months
During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that…
MakerDAO Disposes of renBTC as Stablecoin Collateral
MakerDAO – the issuer of the decentralized stablecoin DAI – unanimously passed a proposal this week to remove renBTC as a form of reserve collateral. The Bitcoin-pegged token was deemed…
Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days
Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in…
MakerDAO Risk Core Unit makes urgent parameter change request in light of recent market events
The proposed change would prevent certain coins that have fallen in value recently from being used as collateral.
JP Morgan executes first DeFi trade on a public blockchain: Finance Redefined
MakerDAO co-founder's death opened a new pandora box of conspiracy theories, based on some of his recent tweets.
Stablecoin Blues: $3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%
Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last…
MakerDAO Co-Founder Nikolai Mushegian Found Dead in Puerto Rico
Nikolai Mushegian – an early contributor to MakerDAO – has been found dead at 29 after reportedly drowning at sea in San Juan, Puerto Rico. The developer was known within…
MakerDAO co-founder Nikolai Mushegian dies at 29 in Puerto Rico
Mushegian was an important figure in the crypto community, contributing to multiple projects, including MakerDAO, BitShares and Balancer.
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