131280
🔹 Daily DeFi & Ethereum News 🔹 Join also: @Metaverse_Defi_Nfts_Trading Contact for cooperations only: @ChengTF
📣 DeFi developers behind crypto exchange Phoenix close $20 million Series A round
Ellipsis Labs today announced $20 million in Series A funding, led by Paradigm with participation from Electric Capital. The company’s debut product, a decentralized exchange called Phoenix, went live in February 2023, with its public-facing user interface launching last August. The funding will accelerate its efforts to “create a new financial ecosystem that offers competitive financial products on top of high-throughput blockchains,” the company said in a statement.
Source
/channel/DeFi_Ethereum
⬜️ OKX Wallet Now Integrated with DeFi Platform nftperp
OKX Wallet is now integrated with nftperp, an open-source DeFi platform that enables users to trade on the price of NFT collections. This strategic partnership will allow eligible OKX Wallet users to trade on the value of NFTs using perpetual futures contracts, all in a seamless, secure, and self-custodial manner through the OKX Wallet web extension. This integration is in line with OKX Wallet's commitment to providing its users with innovative solutions that enhance their Web3 experience.
Source
/channel/DeFi_Ethereum
📊 DeFi Protocol Cega's New Options Product Marries Gold, Ether to Offer Up to 83% Yield
Decentralized finance (DeFi) projects are continuing to develop structured products, which offer decent returns, market exposure and protection from losses and were previously available only to institutional investors in traditional markets. Last week, derivatives protocol Cega unveiled Gold Rush, a basket options strategy involving the Ethereum blockchain's ether (ETH) token and Tether's gold-backed {{XAUT}} as underlying assets alongside a safety component that protects users' capital from a 30% drop in the assets' prices.
Source
/channel/DeFi_Ethereum
📊 Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study Finds
In the first quarter of 2024, more than $336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $144.48 million in two major hacking incidents. In contrast, centralized finance platforms reported no incidents of hacking or fraud in the first three months of the year.
Source
/channel/DeFi_Ethereum
📣 LendFi Revolutionizes DeFi Landscape With Comprehensive App Launch
LendFi announces the launch of its innovative app, now available for download on both the iOS Store and Google PlayStore. This groundbreaking app introduces a suite of utility features designed to enhance user experience and financial empowerment. Among these are staking, peer-to-peer (P2P) lending, cryptocurrency swaps, integration with GameFi and non-fungible tokens (NFTs), and the pioneering use of artificial intelligence (AI).
Source
/channel/DeFi_Ethereum
🏦 Coinbase Wallet triumph over SEC allegations is a ‘giant win’ for DeFi
A U.S. judge has determined Coinbase’s self-custody crypto wallet doesn’t make it a broker, which lawyers say is a “significant setback” for the SEC and a boon for DeFi. U.S. District Judge Katherine Failla on March 27 denied Coinbase’s bid to dismiss a Securities and Exchange Commission’s lawsuit, finding the SEC “sufficiently pleaded” Coinbase was unlicensed and its crypto staking offering was unregistered securities.
Source
/channel/DeFi_Ethereum
📣 DeFi Education Fund files lawsuit to exempt airdrops from SEC’s securities classification
The DeFi Education Fund, a crypto advocacy group, and Texas-based apparel company Beba LLC have jointly initiated legal proceedings against the US SEC to clarify the status of airdrops as non-securities offerings. The March 25 court filing emphasized the need to halt the SEC’s regulatory actions, which the two entities perceive as an overreach into the emerging industry.
Source
/channel/DeFi_Ethereum
📣 DeFi Farming Game 'Crypto Valleys' Is Giving Players Juicy YIELD on Ethereum L2 Blast
Gaming activity is bubbling up on buzzy new Ethereum scaler Blast, and while one game has already fallen victim to an exploit on the nascent network, another is yielding rave reviews from players while driving Blast’s most-traded token. Crypto Valleys is the game in question, and it initially appears to tread upon similar ground as Pixels, the popular farming game on competing scaler Ronin.
Source
/channel/DeFi_Ethereum
📣 DeFi vaults are the next frontier of automated asset management
DeFi vaults are the next frontier of automated asset managementDecentralized Finance (DeFi) vaults are emerging as a lucrative asset management tool for investors looking to maximize crypto market opportunities. However, while DeFi vaults have been around for some time, it is worth noting that they are still undergoing constant evolution to improve and expand the range of offerings and avoid some of the pitfalls witnessed in the past.
Source
/channel/DeFi_Ethereum
🏦 Crypto.com DeFi Wallet Integrates with Jupiter for Solana Swaps
Jupiter Exchange, a prominent player in the Solana ecosystem, is renowned for its ability to provide users with the best possible swap rates. Jupiter aggregates liquidity across Solana, offering users competitive swap prices anytime. This integration allows Crypto.com DeFi Wallet users to swap Solana tokens directly, bypassing multiple platforms. By facilitating native token swaps within the Crypto.com DeFi Wallet, users can now enjoy the benefits of Solana’s efficiency directly from their wallets.
Source
/channel/DeFi_Ethereum
📊 Top 10 DeFi dApps generating an average of $4.8 billion in fees annually
Total fees generated from the top 10 DeFi dApps tracks via DefiLlama will amount to $4.8 billion annually based on the past 24 hours of activity. Across staking, dexes, lending, and wallets, $13.15 million in fees were generated in the past day. Lido tops the chart for fee generation, while Curve retains the number one slot for revenue, with Maker and Lido just behind. Two of the biggest gaps between fees and revenue can be seen in Aave and Raydium, which generated over $1 million in fees over the past day.
Source
/channel/DeFi_Ethereum
📣 Cronos zkEVM and Covalent enhance DeFi with new integration
In a key partnership, Cronos and Covalent aim to enhance DeFi on Ethereum with faster, more affordable transactions via Cronos zkEVM. This integration is poised to bring some of the lowest and fastest transactions to the Ethereum ecosystem. The Covalent integration signifies a concerted effort to foster a more interconnected blockchain ecosystem, presenting Cronos developers with fresh opportunities for integration and application development through CQT’s data access.
Source
/channel/DeFi_Ethereum
💰 Velar Launches Dharma AMM to Unlock DeFi Liquidity on Bitcoin
Bitcoin liquidity protocol Velar has announced the launch of Dharma, its Automated Market Maker (AMM) to bring DeFi liquidity to the Bitcoin ecosystem. Set to go live on Bitcoin L2 Stacks on March 19th, Dharma will expand the DeFi capabilities of the Bitcoin network. Two token pairs will be supported upon launch with additional tokens set to be added on consecutive days. STX-ABTC and STX-AEUSDC will initially be available for trading before being complemented by the introduction of further pairs.
Source
/channel/DeFi_Ethereum
💰 Solana’s DeFi TVL skyrockets 80%
The Solana blockchain has shown a real feat, seeing its decentralized finance (DeFi) total value locked (TVL) increase by almost 80% in the last month alone, jumping according to DefiLlama’s data. This remarkable hike displayed the Solana TVL at the highest level in two years, marking a notable milestone for the network. By the latest update, with a DeFi TVL of $3.8 billion, Solana proved to be one of the fastest growing among the top five with the TVL of DeFi.
Source
/channel/DeFi_Ethereum
📊 Defi platform Xuirin Finance announces presale
Xuirin Finance is a financial platform that strives to integrate cryptocurrencies into the global economy. With its interesting solutions, the platform seeks to unlock financial autonomy, giving users complete control over their transactions and assets. Xuirin Finance aims to enhance the global financial landscape, making it more efficient, accessible, and secure for everyone.
Source
/channel/DeFi_Ethereum
📣 Picasso Network Integrates IBC with Ethereum for Enhanced DeFi
Picasso Network is now entitled to the Inter-Blockchain Communication (IBC) protocol with Ethereum. It facilitates sending assets and data across Ethereum as well as all Cosmos network nodes, considerably increasing communication between separate blockchains. “By connecting Ethereum with Cosmos through IBC and designating Osmosis as the primary liquidity hub, we are setting the stage for a new chapter in DeFi,”Composable Foundation Executive Director claims,” Henry Love stated.
Source
/channel/DeFi_Ethereum
📊 DeFi Protocol Ethena Labs’ ENA Token Goes Live
Ethena Labs, a decentralized finance (DeFi) platform renowned for its $1.3 billion yield-generating USDe token, has initiated the distribution process for its latest governance token, ENA. In a recent announcement on X, Ethena extended an invitation to USDe holders to claim their portion of the 750 million ENA tokens allocated for airdrop, constituting 5% of the total token supply. These tokens are slated to be listed on centralized exchanges.
Source
/channel/DeFi_Ethereum
📣 DeFi hub Chainage seeks tokenholder approval for $13M capital raise
Decentralized finance service provider Chainage, with around $100 million in total value locked, is seeking to raise $13 million for protocol expansion, contingent on tokenholders’ approval within its native decentralized autonomous organization (DAO). According to the April 1 snapshot proposal, the $13 million raise, led by an unknown venture capital firm, will result in the issuance of 50 million additional XCHNG protocol tokens, representing approximately 10% of Chainage’s circulating supply.
Source
/channel/DeFi_Ethereum
🪙 Uniswap DAO prepares to expand $5bn treasury beyond UNI
Uniswap DAO, crypto’s third-richest protocol with a $5 billion treasury, has been content to keep its reserves denominated solely in its native UNI token. But that may be changing. With Uniswap exploring a new revenue-sharing model that will include token holders, the DAO, which administers the decentralised exchange, is seeking ways to extend its runway without depleting the the project’s reserves.
Source
/channel/DeFi_Ethereum
Don't let this chance to establish your crypto brokerage pass by! 🚀
The crypto trading universe, with its 300 million traders globally, presents a golden opportunity. @B2Broker, together with its B2Trader Brokerage Platform, smooths the path for emerging businesses and seasoned enterprises alike in the thriving crypto marketplace. 🌐
Why B2Trader Stands Out? 👁️
1️⃣ Amplify sales using our seamlessly integrated functionalities.
2️⃣ Diversify your offerings and community within the crypto trading world.
3️⃣ Benefit from the bullish trends in the market with our scalable solutions.
Platform Advantages:
✅ Capability to execute 3000 transactions every second.
✅ Access to trading over 3000+ cryptocurrency pairs.
✅ Real-time market updates, refreshing every 100 milliseconds for utmost accuracy.
Further Benefits:
📱 A user-centric trading interface, along with CRM and efficient back-office solutions.
💼 Blockchain-enhanced wallets & streamlined systems for automated payouts.
🔐 Comprehensive mobile app solutions, REST and FIX API integration, and advanced options for White Label solutions.
Elevate Your Brokerage Offerings:
By integrating with esteemed trading platforms like MT4, MT5, and cTrader, enhance your brokerage services with a wide spectrum of trading features, delivering unparalleled trading experiences to your clientele.
Begin your journey in the crypto industry with B2Trader, your trusted technology partner 🚀
📣 Wellfield Announces Strategic DeFi Layer 2 Initiatives on Optimism
Wellfield Technologies Inc. (TSXV: WFLD) (FSE: K8D) (the "Company" or "Wellfield"), is excited to announce significant developments launching key initiatives exclusively within the Optimism ecosystem, a leading Ethereum Layer 2 (L2) solution. These initiatives, which have been in active development for some time, include the imminent rollout of Wellfield's tokenized gold ecosystem, a strategic upgrade of the Tradewind Ledger, Coinmama's self-custody wallet, and Wellfield's decentralized finance (DeFi) protocols.
Source
/channel/DeFi_Ethereum
🔵 Arbitrum community argues for memecoins over DeFi in $3.3 million DAO fund proposal
The Arbitrum Decentralized Autonomous Organization (DAO) is contemplating a $3.3 million memecoin fund to foster a memecoin-friendly ecosystem within the Ethereum layer-2 blockchain network, according to a March 24 proposal on the platform’s discourse forum. The author wrote the proposal in response to learning about new DeFi incentives, which they believe are throwing “more money at protocols so they can be farmed by whales/teams.”
Source
/channel/DeFi_Ethereum
📊 DeFi Project Targets Multibillion-Dollar Market with Groundbreaking DeFi Debit Card Launch
DeFi project develops a globally-supported debit card for daily purchases and financial transactions. DeFi offers anonymity and worldwide accessibility but falls short in user experience and broader application in daily life. Xuirin Finance introduces a DeFi debit card to connect decentralized finance with everyday spending habits. Its potential for innovation is frequently obscured by its complexity, making it an area primarily for those deeply involved in the crypto space.
Source
/channel/DeFi_Ethereum
📣 Thala partnership empowers Movement with DeFi features
Thala, a Move-based decentralized finance (DeFi) platform, announced today its deployment on Ethereum’s layer-2 (L2) blockchain Movement. Movement is the first L2 combining the Move programming language with the Ethereum Virtual Machine (EVM), and now will be powered by Thala’s decentralized exchange (DEX), stablecoin, liquid staking, and token launchpad services.
Source
/channel/DeFi_Ethereum
📣 MonkeysLIST launches DeFi liquidity pools on Uniswap, PancakeSwap, and Raydium
MonkeysLIST ($MLIST) debuts on DeFi giants Uniswap, PancakeSwap, and Raydium, opening new liquidity pools and expanding trading opportunities. In a new chapter for DeFi enthusiasts, MonkeysLIST ($MLIST) is taking a giant leap into the decentralized finance (DeFi) ecosystem by launching its very own liquidity pools on Uniswap, PancakeSwap, and Raydium.
Source
/channel/DeFi_Ethereum
💰 1inch Network Integrates Lumia To Help DeFi Liquidity
The 1inch Network, a cornerstone in the decentralized finance (DeFi) arena, has recently announced its integration with Lumia. It aims to bolster DeFi liquidity and challenge the competitive edge of centralized exchanges. During a 30% downtrend that has left stakeholders questioning the future, this integration could potentially be the catalyst for recovery.
Source
/channel/DeFi_Ethereum
📣 Defi platforms see over $5.4m in liquidations as Ethereum declines
Ethereum took the most brutal hit, accounting for $4.2 million of the total liquidations. According to data from Parsec, a further threat of destabilization if ETH drops to $3,008 could trigger an additional $24 million in liquidations. On-chain derivatives exchanges such as GMX, Kwenta, and Polynomial have been at the center of these liquidations, which cumulatively triggered over $52 million in the past day alone.
Source
/channel/DeFi_Ethereum
💰 Solana’s Decentralized Exchange Platforms Eclipse Ethereum in Daily Trading Volume, Surpassing $2.8 Billion
This week, SOL’s value has seen a significant increase, elevating its decentralized exchange (dex) platforms and propelling the layer one (L1) blockchain to a leading position in 24-hour dex trading volume. Solana’s dex platforms have amassed $2.802 billion in trade volume over the past day, outperforming Ethereum’s dex platforms, which have recorded $2.03 billion in the same timeframe.
Source
/channel/DeFi_Ethereum
💰 Transition from BRC-20 to BRC-420 Tokens Signifies ‘Maturation Within Bitcoin-Based Defi,’ Says Mithil Thakore
While the Bitcoin network is poised to see significant growth in its Layer-2 (L2) ecosystem, “finding an optimal mechanism to maintain finality” on the network remains an inherent limitation that prevents this from happening, Mithil Thakore, the co-founder and CEO of Velar, has said. Thakore also identified the yet-to-be-optimized “bridging of native Layer-1 (L1) assets to L2 and back” as another obstacle to the L2 ecosystem’s growth prospects.
Source
/channel/DeFi_Ethereum
🏦 Binance Partner PancakeSwap Unveils v4 on Ethereum and BNB Chain
PancakeSwap, a leading decentralized exchange (DEX), has announced the launch of PancakeSwap v4, marking a significant advancement in the world of Automated Market Makers (AMMs). This latest iteration, set to operate on both the Ethereum and Binance Smart Chain (BNB Chain), represents a notable milestone in the platform’s evolution. Since its inception as a simple AMM model in 2020, PancakeSwap has rapidly transformed into a prominent multichain DEX, boasting impressive achievements along the way.
Source
/channel/DeFi_Ethereum
