Key takeaways
DeFi is making a strong comeback, with TVL surging 57% since April to hit $138 billion; the highest in three years. This sector has been attracting Wall Street through the rapid rise ofThe post Breaking down the $138 mln DeFi revival that no one saw coming appeared first on AMBCrypto. origin »
Ondo Finance (ONDO), a decentralized finance (DeFi) protocol focused on tokenizing US treasuries, has witnessed a meteoric rise in its native token’s price over the past week. According to CoinMarketCap, although ONDO was only able to muster a meager 1.
Cardano TVL increased 172% QoQ, from $50. 8 million in Q4, 2022 to $138. 3 million in Q1. Indigo and Djed stablecoins catalysed overall growth in Cardano’s TVL, with 72% and 27% volume spike respectively.
YAM, DeFi’s latest farm-fresh product, has never been audited. Yet, that’s not holding back traders from pumping the token’s price to a high of $138 since it launched Tuesday.
The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral.
Following Bitcoin, Ethereum price has also fallen back to $138 after rising to the early December level. In the past 7 days, the second-largest cryptocurrency has only seen an increase of 6. 81% in its value.
The partnership aims to improve the Aave-based swapping experience with the provision of deeper liquidity, significant protections against diverse MEV attacks.
Bitget links with Chorus One to bring one click Monad staking showing CeFi and DeFi are converging to deliver institutional level Web3 access for mainstream users.
By partnering with Zeta Privacy, Aidica brings Web3 privacy and security solutions to its launchpad platform, enabling users to transact and trade securely.
By integrating MIRO’s Layer-2, cross-chain network, IOTrader enables users to move assets across various chains efficiently, expanding customer experience.
Several DeFi projects attracted significant TVL growth as more investors moved funds into such platforms, despite a TVL decline in the wider DeFi market.