The new milestone was reached shortly after the launch of BlackRock's first tokenized asset fund — BUIDL, which joined 16 other tokenized government securities funds last week.
DeFi News
Decentralized finance, also known as DeFi, is a sector within the overall cryptocurrency and blockchain industry focused on providing a decentralized version of mainstream financial opportunities. In the mainstream world, financial institutions offer customers access to opportunities such as cash storage and loans. However, these offerings are governed by centralized entities.
With the help of distributed ledger technology, or DLT, DeFi solutions offer a number of the same opportunities, but they are controlled by a large number of participants who abide by rules enforced by smart contracts. DeFi solutions also often give greater flexibility in terms of users’ ability to store and control their own assets. Additionally, decentralized exchanges, or DEXs, further decentralize digital asset trading, in contrast to trading on centralized digital asset platforms.
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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.
14143“We are extremely excited to move forward as an Alliance and bring our combined knowledge and expertise to bear,” the projects said in a statement.
16129Combining technology, on-chain data and monetary theory can stabilize digital currencies and democratize access to advanced trading strategies.
78539The funds will be used to support ecosystem initiatives and reward long-term contributors.
6797The feature incorporates a “Multichain Gas Relayer,” eliminating the necessity for the native gas token of another chain for transactions.
17746The decentralized Cosmos exchange Osmosis has been listed as the most actively developed DeFi project in the last month.
5971The price of the Boden token went on a wild run shortly after its launch on March 9.
15759The new Polkadot-based memecoin’s Telegram channel amassed over 20,000 airdrop hunters within a few days.
5590In February, Tron founder Justin Sun announced it was working on a Bitcoin layer-2 solution to intertwine its tokens with the Bitcoin network.
4157ParaSwap has now returned assets to wallets that have revoked their permissions to the AugustusV6 smart contract, which was found to have a critical vulnerability last week.
3245It took 203 days for Coinbase’s Base network to notch $1 billion in total value locked but only 25 days to reach $2 billion.
14686Floki hopes to expand beyond memecoin status by introducing debit cards, digital accounts and educational platforms for users.
29764The memecoin frenzy helps Solana overtake Ethereum in DEX activity, and over $200 million of positions could be liquidated if the Ether price falls below $3,100.
4353Over $4.8 million was withdrawn from its liquidity pool by a self-proclaimed white hat hacker.
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