DeFi

Blast, the recently announced layer 2 blockchain set up by the developers of non-fungible token (NFT) platform Blur, has surpassed $1.1 billion in deposits, attracted by an airdrop promised for May…

Yeti Finance, a prominent protocol in the Avalanche ecosystem, has announced its decision to wind down operations. The announcement comes as a significant development in the DeFi space and impacts…

Liquid staking protocol Swell has seen its total value locked double this month to 108,000 ether worth about $245 million. Since the start of December, Swell has recorded nearly $125 million in ETH…

An early investor in the native token for the DeFi project, AAVE is sitting on over $12.5 million in profits after holding the asset for three and a half years. The cryptocurrency market is rife with…

As Solana continues its price run, activity is picking up on the network’s DeFi protocols. Liquidity on Solana’s largest decentralized exchanges has grown tenfold since October 17, according to a…

OKX, a prominent technology company in the blockchain space, has announced a pivotal update effective December 26, 2023. The OKX Wallet, known for its robust features and user-friendly interface, has…

On April 3, 2022, decentralized finance (defi) protocols held approximately $163 billion total value locked (TVL). By the start of January 2023, this amount declined to $38.30 billion. Concurrently,…

The decentralized finance (DeFi) ecosystem is a living laboratory for a financial revolution less dependent on trusted intermediaries. It is also a thriving market that has already surpassed some…

In a notable development, cryptocurrency technology company DeFi Technologies recently announced the acquisition of a leading Solana Trading Systems IP. The move underscores the firm’s commitment to…

Since DeFi Pulse popularized the metric in 2019, total value locked (TVL) has been used as a primary measure for a protocol’s success. But as DeFi slogged through a bear market for much of 2023, some…