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Offchain Labs Launches Arbitrum One Mainnet — Startup Raises $120 Million

On August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing…

Continue ReadingOffchain Labs Launches Arbitrum One Mainnet — Startup Raises $120 Million

Aave, Sushi, and Other Top DeFi Protocols Launch $100M Adoption Collaborative with Celo

A slew of leading Ethereum based DeFi protocols– including Aave, Sushi, Curve, and PoolTogether– recently announced a $100M DeFi adoption initiative with Celo, a mobile platform for financial dApps. Adoption…

Continue ReadingAave, Sushi, and Other Top DeFi Protocols Launch $100M Adoption Collaborative with Celo

DeFi TVL hits a record $157B as Ethereum competitors attract investors

Interoperability-focused projects that offer cross-chain bridges and lucrative liquidity mining pools are seeing an influx of funds right as DeFi’s TVL hit a new all-time high.

Continue ReadingDeFi TVL hits a record $157B as Ethereum competitors attract investors

Weekly Defi Swaps Tap $17 Billion While Dex Aggregators Now Share 22% of the Trade Volume

Over the last seven days, decentralized exchange (dex) trade volume has tapped $17 billion across the 21 Ethereum dex platforms. Pancakeswap has seen between $400K to $860K every 24 hours…

Continue ReadingWeekly Defi Swaps Tap $17 Billion While Dex Aggregators Now Share 22% of the Trade Volume