Tag Archives: DeFi

[ad_2][ad_1] Key Takeaway The total number of DeFi users currently stands at 1,001,461, according to data from Dune Analytics. The site analyzed the use of Ethereum-based DeFi protocols such as Uniswap, Compound, Aave and MakerDao. The site records the number of unique Ethereum addresses to estimate the number of users. …

[ad_2][ad_1] Wrapped bitcoin, the bitcoin-backed token on Ethereum that is now worth over $ 2 billion, has seen an increase in burns (or “discards”) from some of its largest users as the Ethereum-based decentralized finance industry continues to cool down. BitGo clients, including Three Arrows Capital and Alameda Research, are …

[ad_2][ad_1] Leading decentralized finance protocol Aave just rolled out its biggest update: v2 or version 2.0. This update has been advertised for a long time, as many expect it to start turbo-boosting protocol growth. Through Aave, Ethereum DeFi users can easily lend and borrow the best digital assets such as …

[ad_2][ad_1] There was indeed a month during which any crypto asset rose to the level that an Alpha newcomer reached. Alpha Finance Lab, founded only in the year we live in, has reached overwhelming levels, in a very short period of time. Alpha’s price on November 3 was just $ …

[ad_2][ad_1] Cryptographic data aggregator Messari believes the roll-ups will beat level one solutions in the race to scale Ethereum. Although the genesis of the Eth2 beacon chain was successful on December 1, analysts predict that updates covering the Ethereum 2.0 revision will not be completed until 2022. Therefore, Messari recently …

[ad_2][ad_1] The DeFi ecosystem has grown faster than anyone can keep up with recently. Billions of dollars are invested in digital assets, despite all the problems facing current services. Faulty code, security vulnerabilities, and shady anonymous developers are just some of the problems that can make the DeFi space too …

[ad_2][ad_1] PRESS RELEASE. What is yield farming? Yield farming, also known as cash mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means blocking cryptocurrencies and getting rewards. In a sense, yield farming can be paralleled with staking. However, there is a lot of complexity …

[ad_2][ad_1] Investing in stock market indices has become extremely popular thanks to the proliferation of exchange traded funds, or ETFs, which often track popular market indices such as the S&P 500 or Nasdaq-100. Investing in the entire market can be a simple but effective strategy. Instead of spending energy and …

[ad_2][ad_1] The online event showed the emerging trends in technology, attracting more than 10,000 attendees TORONTO, November 30, 2020 (GLOBE NEWSWIRE) – via CryptoCurrencyWire – Untraceable’s flagship event, the Blockchain Futurist Conference was held November 11-12, 2020, in an entirely virtual format with great success. Known for being Canada’s largest …

[ad_2][ad_1] The Unifi DAO protocol is delivering on its promise of linking Ethereum’s current DeFi market to DeFi on several other chains. Ethereum marks the fifth blockchain launch in just four months for uTrade, the trading platform built on the controlled and customized smart contracts of the Unifi protocol. Liquidity …