Interest in DeFi Sector Rises Due in Part to Arbitrum Popularity: DappRadar
A new report from DappRadar shows the total value locked in DeFi rounded out the first quarter with over $83 billion, thanks in part to the rise in interest of scaling solutions like Arbitrum, Fantom, and Optimism. That's an increase of nearly 38% from the previous quarter. DappRadar Head of Research and Analytics Pedro Herrera breaks down the details of what happened in the first quarter as jitters swirling around the U.S. banking sector remain.
Shiba Inu's Testnet 'Puppynet' Sees Rising Activity Ahead of Shibarium Mainnet
More than 700,000 transactions have been conducted on the test network so far, although that isn’t extremely large relative to the hype.
Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin
USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.
XRP Climbs for a Second Day
XRP tokens jumped for a second straight day, adding as much as 11% in the past 24 hours. They were buoyed by speculation that the classification of bitcoin and ether (ETH) as commodities in the U.S. Commodity Futures Trading Commission (CFTC) suit against Binance might mean XRP tokens are classified as commodities as well. Arca Chief Investment Officer Jeff Dorman discusses the recent surge and why DeFi protocols could provide investors with "downside protections."
Dragonfly Leads $6.5M Round for Aptos Protocol Econia Labs
The startup offers an order book protocol for decentralized finance (DeFi) in the Aptos ecosystem.
Iota Releases Shimmer Public Test Chain Ahead of Native Ethereum Virtual Machine Launch
The public testnet will help developers improve the resilience, performance, and security of ShimmerEVM.
DeFi Platform Lido to Cease Staking on Polkadot, Kusama in August
The service will be terminated on Aug. 1 with automatic unstaking occurring in June.
Safemoon LP Exploited for $8.9M; SFM Tokens Remain ‘Safe,' CEO Says
A publicly available token burn function in the contract allowed attackers to manipulate the protocol, some said.
Crypto Exchange Mango Markets Considers Raising Interest Rates for Popular Tokens
Only the pool for borrowing and lending SOL tokens would be affected by the proposed changes.
AllianceBlock Strikes Deal With Crunchbase to Bring Traditional Business Data to DeFi
AllianceBlock Data Tunnel users will be able to import Crunchbase data alongside DeFi data.
