DeFi is ‘waking up again’ — Active loans return to 2022 levels
DeFi is ‘waking up again’ — Active loans return to 2022 levels cointelegraph.com 01 August 2024 08:20, UTC cointelegraph.com
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OKX Ventures, Aptos Foundation Initiate $10M Fund for the Move-Based Layer-1 Ecosystem
OKX Ventures, Aptos Foundation Initiate $10M Fund for the Move-Based Layer-1 Ecosystem coindesk.com 01 August 2024 08:26, UTC Aptos is a layer-1 blockchain that uses Facebook’s Move programming language. One of its goals is to bridge the gap between DeFi and institutions from the worlds of traditional finance and business. The venture arm of…
Aave price surges amid whale accumulation and V3.1 launch
Aave price surges amid whale accumulation and V3.1 launch crypto.news 31 July 2024 22:31, UTC Decentralized finance protocol Aave is seeing a significant spike in whale activity as the market looks to bounce from the recent dump that pushed most altcoins to key support areas earlier this week. On July 31, Lookonchain shared details…
Liquidity restaking tokens market up 8,300% amid demand for ‘user-friendly instruments’
Liquidity restaking tokens market up 8,300% amid demand for ‘user-friendly instruments’ crypto.news 31 July 2024 15:51, UTC As investors seek efficient financial instruments, the total locked value in liquidity restaking tokens has soared by more than 8,000% since the beginning of the year. The market for LRTs has skyrocketed by 8,300% this year, growing…
Node Capital Releases Report on the Rise of Liquid Restaking Tokens (LRTs)
Node Capital Releases Report on the Rise of Liquid Restaking Tokens (LRTs) blockster.com 31 July 2024 16:40, UTC Barcelona, Spain – Node Capital, a pioneering Web3 venture fund, has unveiled a comprehensive report titled “Abstracadabra: The Liquid Restaking Over,” highlighting the transformative impact of Liquid Restaking Tokens (LRTs) on the DeFi landscape. — The…
Compound considers fee redistribution after $24M COMP truce
Compound considers fee redistribution after $24M COMP truce blockworks.co 31 July 2024 18:10, UTC Compound Protocol is considering a major shift in its revenue distribution following a recent governance fiasco. The protocol plans to introduce a fee switch that will allocate 30% of protocol reserves to staked COMP token holders through a new product…
Uniswap and Raydium the only DeFi apps to see inflow of new users
Uniswap and Raydium the only DeFi apps to see inflow of new users cryptopolitan.com 31 July 2024 18:05, UTC The past month saw expansion of DEXs trading, driven both by bots and human orders chasing the hottest meme tokens. As most coins and tokens recovered, funds flowed into top Ethereum and Solana DEXs. Uniswap…