DeFi total losses breach $77B as July records largest loss of 2023 with $389M stolen

De. Fi’s Rekt Database reports that July saw $389. 82 million in DeFi losses related to hacks and exploits, pushing the cumulative total value of all of to cross the threshold of $77 billion.

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DeFi Token Weekly Round-Up - 28th July 2021

DeFi Token Weekly Round-Up - 28th July 2021. Pro-trader Josh Olszewicz breaks down his chart perspective view on the DeFi realm. Watch and find out what the charts say this week for LINK, COMP, UNI - and many more

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DeFi Token Weekly Round-Up - 15th July 2021

DeFi Token Weekly Round-Up - 15th July 2021. Pro-trader Josh Olszewicz breaks down his chart perspective view on the DeFi realm. Watch and find out what the charts say this week for LINK, COMP, UNI - and many more

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Top 5 DeFi Coins For July

This article will take a look at five cryptocurrencies in the decentralized finance (DeFi) sector. 

The post Top 5 DeFi Coins For July appeared first on BeInCrypto.

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DeFi Token Weekly Round-Up - 1st July 2021

DeFi Token Weekly Round-Up - 1st July 2021. Pro-trader Josh Olszewicz breaks down his chart perspective view on the DeFi realm. Watch and find out what the charts say this week for LINK, COMP, UNI - and many more

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Top 3 Best DeFi Coins to Purchase in July 2021

The first half of the year is almost over, and we are ready to start Q3 at full strength. What better way to do that other than hunting the best DeFi coins for amazing profits in the long run?  Ready to find the crypto celebs of July 2021? Then let’s start! The DEFC – fromRead More

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Will EIP-1559 Get Implemented on Ethereum by The End of July?

Market participants are in favor of making this a reality while DeFi is busy making Ethereum attractive to the TradeFi people by pushing all their buttons. The post Will EIP-1559 Get Implemented on Ethereum by The End of July? first appeared on BitcoinExchangeGuide.

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Torum: DeFi + NFT + Social Media – the Next Brilliant Utility Innovation in the Blockchain World?

PRESS RELEASE. Launched on the 1st of July 2020, Torum is a social media platform specially designed for cryptocurrency users. Symbolizing the nature of the platform, the name Torum was born from the combination of “Tokenized” and “Forum”.

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The DeFi Sector Has Grown By 89% In Six Months

The total value locked (TVL) in decentralized smart contracts which averaged $2. 5 billion on July 15, 2020, has increased by 89% in six months to the current TVL of $23. 2 billion, according to data from leading on-chain DeFi metrics site DeFiPulse.

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Yearn.finance (YFI) now back at price parity with Bitcoin after spiking to $44k

Shortly after Yearn. finance’s YFI coin launched in July, changing the Ethereum DeFi world forever, the pseudonymous Crypto Twitter personality “Blue Kirby” began to popularize the “1 YFI = 1 BTC” meme.

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Ethereum: How much of a difference will DeFi's absence make?

On 20 July, Ethereum was gearing up for a pivotal rally, one that was least expected by the rest of the community. Between 21 July and 1 September, Ethereum would register a whopping surge, one that wThe post Ethereum: How much of a difference will DeFi's absence make? appeared first on AMBCrypto.

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Bancor DeFi Platform Proposes Impermanent Loss Protection

Decentralized on-chain liquidity protocol Bancor has proposed an upgrade that will introduce a number of improvements to the platform in addition to protection against impermanent loss. Bancor launched its long-awaited version 2 protocol upgrade in late July, and it is now proposing v2.

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Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%

The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175. 7 billion to $330. 6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi) hype and yield farming frenzy that peaked in August.

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$2B Locked: Uniswap Now Bigger Than Entire DeFi Industry Just Two Months Ago

After passing $2 billion in locked assets, there's now more value in Uniswap than there was in the entire DeFi space on July 9.

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DeFi’s Speculative Frenzy Subduing Ethereum; Users Approaching 500k

During the bloody red Monday, Ether lost about 10. 6% of its value; currently, it is trading around $340. These levels were last seen earlier this month, but another small lower and Ether will get back to July level.

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Founder of Ethereum DeFi coin that surged 1,000,000% throws weight behind new project

Yearn. finance — a popular Ethereum-based DeFi protocol — has become one of the most talked-about crypto projects over recent months as its native coin YFI has surged over 1,000,000 percent since its July launch.

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Top DeFi Coin Yearn.finance (YFI) Just Slipped By 10%

Yearn. finance (YFI), a coin that has rallied over 1,000,000% since its listing price in July, has slowed down rapidly over recent days. The coin now trades for $34,000, over 22% below the all-time high just shy of $44,000.

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Yield Farming DeFi Tokens Are All Going To Zero, Warns CryptoWhale

Data from DeFi Pulse shows that total locked volume (TVL) in DeFi has grown from $1. 9 billion to $8. 3 billion between July and September, with an all-time high of $9. 6 billion recorded on September 2.

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Here’s why Yearn.Finance (YFI) is up 720% since July

Yearn. Finance (YFI) price trades more than 700% higher since July as the digital assets focus on DeFi continue to outperform the rest of the crypto market. Gains are adding on a daily basis, with YFI up over 35% in the last two days only.

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August DEX Volume Passes $11 Billion as DeFi Mania Continues 

Data from Dune Analytic shows that trading volume on decentralized exchanges (DEX) surpassed $11 billion in August. Compared to July’s $4. 4 billion, the approximately $11. 24 billion in August trading volume is a 152% uptick month-over-month.

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First Mover: Rookie YFI Token Jumped 8-Fold in August as DeFi Dominated

Yearn.finance's YFI token, which looked like another inside DeFi joke when it launched in July, dominated the August return rankings.

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Ethereum DeFi giant Yearn.finance (YFI) is literally up 1,000,000% since its July launch

Yearn.finance (YFI) has taken the entire crypto industry by storm over recent weeks. The post Ethereum DeFi giant Yearn.finance (YFI) is literally up 1,000,000% since its July launch appeared first on CryptoSlate.

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DeFi token YFI hits $13,000 to surpass Bitcoin

DeFi token YFI launched this July and has risen more than 3,000% to hit...

The post DeFi token YFI hits $13,000 to surpass Bitcoin appeared first on Coin Journal.

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Web Traffic on Global Crypto Exchanges Surged 13% in July

Crypto analytics startup ICO Analytics reveals the fastest growing crypto exchanges and DeFi protocols in terms of web traffic.

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Web Traffic for Top DeFi Apps Has Been Surging Amid DeFi Boom

The DeFi boom that peaked in July raised the market cap of the DeFi crypto sector to $4. 4 billion and pundits are predicting its bright future as the world moves further towards decentralized finance.

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Ethereum Gas Fees Dips Amid Easing Network Congestion

The smart contract platform’s gas fees finally seem to be dipping as network congestion shows signs of easing. Ethereum Network Congestion Easing The months of June and July witnessed unprecedented transaction activity on the Ethereum (ETH) network, buoyed by the astronomical rise in popularity of decentralized finance (DeFi) protocols such as Uniswap, Aave, Compound, andRead MoreRead More.

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DeFi accounted for 92% of Ethereum dApps volume in July

A surge in transaction volume in the DeFi market saw Ethereum applications record an...

The post DeFi accounted for 92% of Ethereum dApps volume in July appeared first on Coin Journal.

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Ethereum DeFi’s Ampleforth (AMPL) Drops 20% Despite “Whale” Accumulation

Ampleforth (AMPL) has been one of the top-performing cryptocurrencies over the past month. The asset, whose long-term price performance is measured by its market capitalization rather than its nominal price, gained ~5,000% in July.

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IOST Now Accepted as Collateral Asset on DeFi-Focused Bidao

The delegated Byzantine-Fault-Tolerant (dBFT), decentralized, and blockchain agnostic platform, Bidao, now supports IOST as a collateral asset on its decentralized finance (DeFi)-dedicated ecosystem as per a Medium post shared on July 31.

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pTokens project launches pNetwork DAO with staking rewards of 42% APR interest

London, Friday 31st July 2020 – The pTokens project has today launched the pNetwork DAO, giving holders of the governance token $PNT the opportunity to help govern and influence the future of the DeFi cross-chain solution.

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First Mover: Chainlink’s Soaring Token Shows Lucrative ‘Oracle’ Role in Fast-Growing DeFi

Chainlink's LINK token soared almost 60% in July as cryptocurrency traders fawned over DeFi projects and their rapid growth.

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Over 20,000 Bitcoin Now on Ethereum, 20x the Amount in the Lightning Network

Highlighting the increasing utility of Ethereum and the position of DeFi, the number of BTC on the pioneer smart contracting platform continues to swell. On July 31, 2020, there were 20,309 BTC ($227.

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DeFi App, Aave, Releases Aavenomics Upgrade as It Prepares to Launch Its Governance Token

Aave, the Ethereum based DeFi protocol, has released a tokenomics upgrade proposal dubbed ‘Aavenomics’ that will define its shift to a more decentralized governance ecosystem. The firm announced this milestone on July 29 via a medium blog, noting that it is another exciting phase for Aave.

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Ethereum’s Vitalik Buterin Says DeFi Users are Underestimating Risks

Ethereum co-founder Vitalik Buterin believes DeFi investors are underestimating smart contract risks on platforms locking billions of dollars these days, he said on a podcast this week. “DeFi is Fine, But Don’t Put Your Life Savings” In an interview marking Ethereum’s fifth birthday (it launched July 2015), Buterin said most DeFi players were not fullyRead MoreRead More.

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Ren Protocol to Wrap DigiByte’s DGB Coin to renDGB to Empower Ethereum and DeFi Protocols Interoperability

If the goal is blockchain interoperability and synergy, then the Republic Protocol’s work can’t go unnoticed. After launching the RenVM mainnet in late May 2020, today (July 27, 2020), the Republic Protocol (REN) shared its plans to wrap DigiByte’s native coin, DGB, to renDGB to enable interoperability with Ethereum’s ERC-20 and DeFi protocols.

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Ren Protocol to Wrap DigiByte’s DGB token to renDGB to Empower Ethereum and DeFi Protocols Interoperability

If the goal is blockchain interoperability and synergy, then the Republic Protocol’s work can’t go unnoticed. After launching the RenVM mainnet in late May 2020, today (July 27, 2020), the Republic Protocol (REN) shared its plans to wrap DigiByte’s native token, DGB, to renDGB to enable interoperability with Ethereum’s ERC-20 and DeFi protocols.

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Cryptocurrency News Roundup for July 24, 2020

The rapid growth of the still-nascent decentralized finance (DeFi) industry is undoubtedly one of the most significant developments in the crypto space this year. However, for better or worse, the DeFi ecosystem has so far advanced without Bitcoin playing any part in it.

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Ontology, Binance Coin, Ethereum Price Analysis: 23 July

Ethereum, Binance Coin, and Ontology looked bearish at the time of writing, a surprising finding especially since it followed the latest surge in Bitcoin's price. However, with DeFi and ETH gathering The post Ontology, Binance Coin, Ethereum Price Analysis: 23 July appeared first on AMBCrypto.

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Orion Protocol (ORN) Wins KuCoin Community Vote DeFi Session, Trading and Staking Services To be Opened

July 22, 2020, KuCoin, an IDG-backed exchange, today announced the result of the KuCoin Choice Community Vote (DeFi Session), Orion Protocol has won the voting and will get listed on KuCoin at 18:00 July 25.

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Altseason on the Horizon as Bitcoin Remains Range-Bound

The altcoin market appears to be on the cusp of another altseason rally as tokens experience massive price surges while Bitcoin remains locked in sideways accumulation. Altcoin Tokens Surge as DeFi Market Explodes Tweeting on Monday (July 20, 2020), crypto analyst @Crypto_Ed_NL published a chart showing that a new altseason could be on the horizon.

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Enjin & Aave Bring DeFi to the Games Market

16 July 2020, SINGAPORE — Enjin and Aave have announced an update that will bring decentralized finance to the $159. 3 billion games market, as Enjin Coin (ENJ) has been added to Aave’s DeFi Protocol.

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OKCoin Exchange Debuts API-Based Price Oracles for the DeFi Market; Compound to Integrate First

San Francisco based crypto exchange, OKCoin, has launched on-chain pricing feeds for the burgeoning DeFi market. An announcement on July 15, the firm debuted ‘OKCoin Oracle' which will use API's to support interoperability with crypto markets for reliable pricing on digital assets.

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Kyber Network to Roll Out Katalyst Upgrade on July 7th; Launching KyberDAO & Liquidity for DeFi

Kyber, an on-chain liquidity protocol, has announced July 7 as the date for the launch of its Katalyst upgrade, which would bring some significant changes to the in-house token, to attract more consumers.

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Huobi Chain is now an Open Source Network with Nervos Collaboration

Huobi Chain, the blockchain created by the eponymous company, just went open source. The project, in collaboration with Nervos, will enable companies to launch their own blockchain network, tokenize assets or create decentralized financial services (DeFi).

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THORChain and BitMax.io to collaborate on the launch of BEPSwap

THORChain  has partnered with BitMax. io [BTMX. io] to launch BEPSwap to the global Binance Chain community, which will include staking of BEP2 assets, swapping and potentially other capabilities, such lending and derivatives at a later date.

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Binance Research: Bitcoin (BTC) Dominance, DeFi, Staking Became Trendy in July

The month of July was pivotal for the crypto markets, as Bitcoin (BTC) gained dominance and new investment opportunities appeared for altcoins.

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Ontology Partners with Opera to Grow the Blockchain DeFi Ecosystem 

Ontology (ONT), a distributed ledger technology (DLT) project that claims to be focused on building a high-performance public blockchain and a distributed trust collaboration platform, has joined forces with Opera web browser, to facilitate the growth of decentralized finance (DeFi) and decentralized applications (dApps), according to a Medium blog post on July 2, 2019.

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Huobi and Nervos Target Financial Inclusion with New Public Chain

Huobi Global, one of the largest cryptocurrency exchanges in the world, is teaming up with Nervos to develop a public blockchain focused on decentralized finance (DeFi) and improving the state of global financial inclusions, according to a press release from July 1, 2019.

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MakerDAO Announces Multi Collateral DAI Issuances

In a positive move for DeFi and the MakerDAO community, users will soon be able to collateralize six ERC-20 tokens, apart from ETH. As per a blog post by the team, there will be a vote in the last week of July to decide the prioritize the order in which the six tokens will beRead MoreRead More.

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