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Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy

The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the…

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Polygon reaches level that last time triggered a 275% MATIC price rally — will history repeat?

MATIC has rebounded sharply after testing the July 2021 support level, borrowing further upside cues from Polygon's partnership with Meta.

Continue ReadingPolygon reaches level that last time triggered a 275% MATIC price rally — will history repeat?

Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days

The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value…

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Sequoia Capital Partner Believes Lots of VCs Will Pull Back From Crypto

Shaun Maguire, a crypto partner of Sequoia Capital, one of the venture capital firms most active when it comes to investments in the cryptocurrency space, issued its opinion on the…

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Polygon Reveals Supernets Project to Bolster Web3 Adoption, Pledges $100 Million to Early Users

On April 22, the layer two (L2) scaling network Polygon introduced the new Supernets network, a blockchain protocol that’s built to bolster Web3 technology. Furthermore, Polygon is pledging $100 million…

Continue ReadingPolygon Reveals Supernets Project to Bolster Web3 Adoption, Pledges $100 Million to Early Users