Tag: defi
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Solana’s Token Trading Surpasses Ethereum Again, Thanks to Impending Airdrop
Introduction Token trading on Solana decentralized exchanges has once again surpassed that of Ethereum exchanges, marking the second time in recent months. This shift can be attributed to an upcoming token airdrop. On Sunday night, the 24-hour trading volume on Solana-based DEXes exceeded that of Ethereum, racking up around $705 million compared to $698 million. […]
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Pyth Network and Ondo Finance Revolutionize DeFi Asset Pricing
Bridging the Gap in Asset Pricing The decentralized finance sector, renowned for its innovation and dynamism, has long grappled with providing precise and timely asset pricing information. However, Pyth Network addresses this challenge by leveraging its expertise in delivering high-fidelity market data. Through advanced data aggregation and distribution mechanisms, Pyth ensures that users have access […]
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Alternative metrics, Lido’s rise, and PancakeSwap’s dominance reshape DeFi landscape
Maker and the Spark Protocol Maker stands out for its strategic investments in US Treasury bonds, capitalizing on rising interest rates to capture yield. The Spark Protocol subDAO, part of Founder Rune Christensen’s vision for Maker’s future, offered investors exposure to T-bill yield through a locked version of the DAI stablecoin. At its peak, the […]
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Trader Joe’s ‘Swap Anyway’ Update Improves User Experience and Streamlines Trading
Addressing Limitations for a smoother trading experience The original ‘Swap Anyway’ feature, although innovative, occasionally posed limitations that hindered a seamless trading experience for users. These limitations often led to user frustration and interference in executing trades efficiently. A significant improvement in functionality With the recent update, Trader Joe’s ‘Swap Anyway’ feature has undergone considerable […]
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Analyst Bullish on Under-the-Radar Ethereum Scaling Solution; Eyes Injective and Optimism
Arbitrum (ARB) Primed for Upside Renowned crypto strategist, Pentoshi, known for accurately predicting the Bitcoin bull market of 2021, believes that one Ethereum scaling solution flying under the radar is poised for a significant surge. Pentoshi shared his bullish outlook on Arbitrum (ARB) with his extensive following of 727,200 on the social media platform X. […]
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Decentralized Finance Community Votes for Reimbursement of $61M Hack Victims
Reimbursement Approved for Hack Victims On-chain data confirms that the majority of Curve Finance’s community members have approved the disbursement of tokens worth more than $49.2 million to compensate for the losses incurred by liquidity providers in various pools, including Curve, JPEGd, Alchemix, and Metronome. This reimbursement considers the value of Ether (ETH) and CRV […]
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SolendProtocol Makes Strategic Expansion to Sui Blockchain, Unlocking New DeFi Potential
Breaking Barriers: SolendProtocol Expands Beyond Solana The integration of SuilendProtocol with Sui is a major milestone in the DeFi sector, signifying SolendProtocol’s first expansion beyond Solana. It demonstrates SolendProtocol’s commitment to exploring new opportunities and broadening its reach in the evolving blockchain ecosystem. By integrating with Sui, Solend not only extends its DeFi capabilities but […]
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Solana Skyrockets: Up 782% in 2023 and Poised for More Growth
Solana Shines Among Cryptocurrencies with a 782% Gain As we approach the end of 2023, optimism is returning to the cryptocurrency industry, and some assets are garnering more attention than others. Solana (SOL) has emerged as one of the top performers, showcasing remarkable results both recently and since the beginning of the year. In fact, […]
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Record-Low DeFi Losses Signal Strong Security Focus in 2023
Record low DeFi losses in 2023 According to IntoTheBlock, this year is expected to record the lowest losses due to exploits since 2020. As of now, the losses suffered within the DeFi space stand at slightly over $1 billion. Throughout the year, the industry witnessed several high-profile hacks, resulting in the loss of millions of […]
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Jupiter’s Highly Anticipated Airdrop to Begin in January, Boosting Solana Ecosystem
Allocating JUP Tokens As previously stated, 40% of the 10 billion JUP tokens set to be minted will be reserved for airdrops distributed to the Jupiter community. To determine the amount of JUP each eligible user will receive, the project recently launched a website where users can check their allocation. Meow explained that the airdrop […]