Complete Value Locked in Defi Takes a Hit Shedding $21 Billion in 6 Days

Over the last six days, the total value locked (TVL) in decentralized finance (defi) has dropped 9.21% from a high of $232.88 billion on April 5, to today’s $211.43 billion. The value locked in defi protocols shed 4.40% of that value during the last 24 hours. Value Locked in Defi Shudders This Week While the […]

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Total Designate Locked in Defi Nears Lifetime Excessive, Ethereum’s TVL Dominates by 54%

On Sunday, April 3, the total value locked (TVL) in decentralized finance (defi) has risen to $231 billion. The TVL is nearing the all-time high (ATH) of $256 billion recorded on December 2, 2021, as it’s only 10.82% under the TVL’s ATH. Additionally, while Curve Finance continues to dominate in terms of TVL, the defi […]

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Biggest Movers: AXS Falls Decrease Following Hacks, While ZIL Climbs by Over 50%

AXS was trading lower on Wednesday, after it was reported that the Axie Infinity network Ronin suffered a breach, leading to hackers stealing over $620 million from the blockchain-based trading and battling game. This came as ZIL was trading by over 50% higher during the session. Zilliqa (ZIL) Zilliqa (ZIL) was up by over 50% […]

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Label Locked in Defi Climbs Again Above $200 Billion, ETH Dominates Defi TVL by 54%

As the crypto economy nears the $2 trillion mark, the total value locked (TVL) in decentralized finance (defi) has risen above the $200 billion zone after slipping below that range for most of the year. While the TVL in defi dropped 0.51% during the last 24 hours, statistics show the TVL today is hovering around […]

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Avalanche Foundation Launches $290 Million ‘Multiverse’ Incentives Program for Subnets

The Avalanche Foundation has announced a new incentives program to support the use of subnets. The organization announced that the program, dubbed “Multiverse,” will connect developers with a fund of up to $290 million, approximately 4 million AVAX, to incentivize the growth of subnets, a trait that allows AVAX to spur multiple networks that share […]

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Anchor Nips at Aave’s Heels as Defi Protocol Becomes Second-Greatest Lending Utility

While the decentralized finance (defi) platform Anchor Protocol’s native digital asset ANC has gained more than 180% over the last month, the total value locked (TVL) in Anchor has increased a great deal during that time as well. Anchor Protocol is currently the second-largest defi lending platform in terms of TVL, and over the last […]

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Aave Launches Web3, Natty Contracts-Primarily based Social Media Platform Built on Polygon

The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform called the Lens Protocol. According to the team, Lens is a “Web3, smart contracts-based social graph” that is built using the Polygon blockchain. Defi Project Aave Drops the Lens Protocol, Platform’s Intent Is to ‘Empower Creators to Own […]

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