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Value Locked in Defi Climbs Higher, Polkadot TVL Spikes, Terra’s LUNA Sheds 21%

On Sunday, January 30, 2022, the top smart contract protocol tokens by market capitalization is $592 billion or 32.66% of the $1.8 trillion crypto economy. Meanwhile, the total-value locked (TVL)…

Continue ReadingValue Locked in Defi Climbs Higher, Polkadot TVL Spikes, Terra’s LUNA Sheds 21%

Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout

Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over…

Continue ReadingWeekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout

Kyber Network (KNC) bucks the market-wide downtrend with a 57% gain in January

KNC shook off the current downtrend by posting a 50%+ monthly gain following the launch of Kyber 3.0 and integration across many decentralized exchanges.

Continue ReadingKyber Network (KNC) bucks the market-wide downtrend with a 57% gain in January

Hacker Siphons $80 Million From Qubit Cross-Chain Bridge, Largest Defi Exploit of 2022 to Date

Findings stemming from a recent report published by the security-focused blockchain firm Certik indicate that the Binance smart chain Ethereum bridge called Qubit has been hacked for $80 million. Data…

Continue ReadingHacker Siphons $80 Million From Qubit Cross-Chain Bridge, Largest Defi Exploit of 2022 to Date