Latest DeFi News
$6.5M Crypto Drain Hits Abracadabra Money DeFi Platform
On 30th January, Abracadabra Money, a widely known DeFi lending platform suffered an attack, victimizing the attackers to snatch $6.5…
OKX-Backed Orbiter Finance Launches Own Layer 2 Network
The Orbiter team introduces Orbiter Rollup, envisioning a seamless "omni-connection" era.
S. Korea’s Crypto Karaoke Platform Hacked for $11.5 Million
Somesing has reported the incident to the National Police Agency for investigation and plans to involve Interpol in the case.
Space and Time Unveils GPU Acceleration for ZK-Proofs
ZK-proofs are cryptographic protocols that enable one party to demonstrate to another party a certain piece of information without disclosing…
Synthetix Rolls Out Perpetual Protocol V3 on Base
More products, including a new perpetual future extension called Infinex, will be released for Synthetix V3 in the coming months.
Socket Blockchain Recovers 1,032 ETH After Exploit
Socket will release a recovery and distribution plan for users soon.
Vector Reserve Launches vETH LPD Public Sale
Vector Reserve, a decentralized finance (DeFi) protocol, has launched a public sale of its vETH liquidity position derivative (LPD) token.…
Terra And Osmosis Forge $2M Liquidity Alliance to Boost DeFi
Terraform Labs and Osmosis, top DeFi contenders today announce a unique $2 million liquidity partnership. This strategic alliance seeks to…
Arbitrum Unveils Plan for Creation of Custom Orbit Chains
The distinctive feature of Arbitrum Orbit lies in the autonomy it grants to these chains over their governance.
Chainlink & Circle Unite for Enhanced USDC Transfers
Chainlink's integration of CCTP opens up new use cases with USDC, such as seamless and secure cross-chain transfers, payments and…
Aave Community Considers Proposal to Boost GHO Stablecoin Liquidity
The initiative is geared towards enhancing GHO liquidity, accessibility, and interoperability while maintaining security and stability.
dYdX Emerges as Top DEX Overtaking Uniswap By Trading Volume
According to dYdX, the total trade volume so far for its v4 market since launch is $17.8 billion.
Socket Responds to Security Breach, Pauses Contracts for Safety
Socket Protocol Smart Contracts Exploited, $3.3M Lost in Cross-Chain Infrastructure Hack.
Chainlink and Circle Revolutionize Cross-Chain Stablecoin Transfers
Developers are now empowered to craft innovative cross-chain applications, leveraging USDC for diverse uses, from streamlined payments to sophisticated DeFi…
SaitaChain Enables Easy INR Transactions with PayOnRamp
The cryptocurrency SaitaChain Coin (STC), which is powered by Web 3.0 technology, has partnered with PayOnRamp, a payment solution, to…
Justin Sun Revives TRON Foundation Amid SEC Legal Battle
Currently, no definite date is set for Sun's court appearance. The consolidation of the defendants' responses is expected to be…
Fantom Slashes Validator Staking Requirements by 90%
Lowering validator stakes Fantom aims to boosts accessibility for a more decentralized and secure network.
Aave Eyes Major Expansion with Neon EVM and Solana
This proposal outlines the initial deployment of a minimal viable product (MVP) on the Solana blockchain.
Injective’s Volan Upgrade Lifts Real-World Asset Integration
The main objective of the Volan upgrade is to offer a wide range of structured products to both institutional and…
Merchant Moe Teams Up with Mantle For DeFi Breakthrough
Trader Joe’s, a prominent name in decentralized exchanges, has embarked on a new venture through its subsidiary, Merchant Moe. This…
Aave Community Approves PayPal Stablecoin Integration
The voting on the proposal was proposed by Trident Digital on December 18 and is set to conclude later today.
Christy Goldsmith Romero Spearheads Monumental CFTC DeFi Study
Romero emphasizes the necessity of this study to prevent potential adverse outcomes in the rapidly evolving digital asset landscape.
IOSCO’s 2023 Guidance for Regulating Decentralized Finance
The International Organization of Securities Commissions (IOSCO) released a report on December 19, 2023, addressing decentralized finance (DeFi). This main…
Curve Finance Faces Crisis as Founder’s Debt Comes Due
Major DeFi protocol Curve Finance could face another hurdle in February as founder Michael Egorov still has outstanding debt. Analyst…
Starknet Community Greenlights Alpha v.13 Update: A New Era for Transaction Fees
Central to this update is the introduction of transaction fee payments using Starknet's native STRK token alongside ether.
Solana Pivots Focus to Layer 1 Scaling in Roadmap Shift
Solana co-founder Anatoly Yakovenko has recently outlined the platform’s approach to Layer 2 solutions and its priority on scaling Layer…
Alchemy’s ERC-4337 Contracts Exceed 1M Accounts
Alchemy experienced an extraordinary increase in the arrangement of ERC-4337 smart contracts. This resulted in the creation of over 960,000…
Gamma Protocol Investigates Attack Draining 211.9 Ether
There was a fraudulent account posing as Gamma's official social media profile, adding to the confusion.
dYdX Reveals $9 Million November Attack Post-Mortem
This attack led to a staggering loss of $9 million from its insurance reserves, accounting for roughly 40% of its…
Etherscan Acquires Solana Block Explorer Solscan
The acquisition paves is a "collaborative merging" that will allow it to combine its expertise with Solscan's to create a…
