Latest DeFi News

dYdX Publicizes Its Open-source In Preparation For Its Mainnet Launch
Leading decentralized cryptocurrency exchange dYdX has open-sourced the code for its new dYdX Chain, paving the way for a mainnet…

Aptos Suffers Major Outage For Over Five Hours On Its Birthday
The Aptos network went down amid the first anniversary celebration of its launch.

Ethereum Layer 2 zkEVM Scroll Launches On Mainnet
One of the earliest proposers of zkEVM has now made it to mainnet after two years long development.

Roblox Adds XRP Payment Option for In-Game Purchases
Roblox has over 66.1 million users using it every day to play a wide variety of games and has around…

FTX Estate Stakes $47M of ETH & MATIC, Total $170M Staked Now
The FTX bankruptcy team has staked a total of $170 million of assets including $120 million of SOL.

Lido Sunsets Solana Staking Following Financial Incurring
Lido on Solana development team sought 1.5 million DAI for 12 months of operations in a proposal that was rejected…

EOS EVM v0.6.0 is Live on EOS Mainnet
This new feature is only available for EOS and USDT at the moment; more EOS native tokens are planned to…

Stars Arena’s Relaunch With Trading Pause
Stars Arena, a social finance app based on Avalanche, announced its relaunch on Sunday, although trading features will be temporarily…

Uniswap V4 KYC Feature Sparks Regulatory Debate
A "hook" is like a special tool that allows software developers to customize a code without altering the main structure…

MetaMask Back on Apple’s App Store After Short Absence
The MetaMask team cautioned users in a tweet to be cautious of questionable apps.

GMX Leads in $40M Arbitrum Grant for Perpetual Trading
Lido Finance's grant proposal was rejected by voters due to concerns about centralization.

Uniswap Launches App For Android Users, Opens Early Access
The team will allow users to beta-test the Uniswap Android app over the next few weeks to gain feedback before…

TON Blockchain To Set World Record With Live Performance Test
The team will livestream TON Blockchain’s test performance on its website on October 31.

Stablecoin USDR Loses Peg As Its DAI Reserve Redeemed Rapidly
Over 50% of USDR stablecoin’s reserve was backed by DAI which got redeemed in a short period of time.

Fuul’s Web3 Affiliate Marketing Startup Enters Private Beta
Fuul will enable creators, influencers, publishers to partner with the crypto projects and promote them.

Polygon Co-founder Proposes zk-based L2 Chain To ApeCoin DAO
The proposed native ApeChain will be built using zk-proofs and Polygon’s Chain Development Kit (CDK).

Arkham Integrates AI-powered Web3 Address Owner Predictions
The blockchain data intelligence platform Arkham has integrated an AI feature to identify the owner of blockchain addresses using AI.…

Astar Network To Launch zkEVM Testnet In October
Polkadot’s parachain is launching zkEVM setup to enable Ethereum compatibility between both chains.

Friend.tech Adds 2FA Feature After Last Week’s SIM-Swap Hack
Developers have added the security feature while logging-in after last week’s breach that led to stealing of hundreds of ETH.

Celebrate opBNB Mainnet Launch With Two-Month Airdrop Marathon
Participants can earn rewards by completing tasks such as retweeting post, liking comments, joining discord server, or completing various on…

Stars Arena Exploited For Estimated $2.9M In Security Attack
The trend of exploiting trending dApps continues in DeFi with now Stars Arena becoming the latest victim.

Friend.tech Devs Pocket-ins $20M From Protocol In Two Months
The developer team behind Friend.tech collects one of the highest revenue across the whole DeFi ecosystem.

Avalanche’s Friend.tech Clone Stars Arena Encounters Bug
The recently launched SoFi app has a bug that allows the attacker to drain its contract, but at a higher…

Polygon Deploys POL Contracts On Goerli Testnet
POL is the new ecosystem token that will replace MATIC in Polygon 2.0.

Stars Arena On Avalanche Reaches $1M TVL Amid SoFi Trend
After the booming success of Friend.tech on Ethereum, several chains have also seen other decentralized social applications.

Chainlink Claims Its CCIP Development Protects Against All Attacks
Chainlink’s Risk Management Network utilizes the same programming mechanics that are used in aerospace.

Chainlink Launches Low-latency Decentralized Oracle On Arbitrum
The novel development enables decentralized exchange to offer CEX-like trading experience to users.

Trader Generates Profit Of $800,000 By Trading Onchain Arbitrage
Decentralized finance (DeFi) provides traders with significant arbitrage opportunities.

Over 50% ETH To BTC Transactions On ThorSwap Are Stolen Funds
The interchain swapping and borrowing protocol, ThorChain is a darling for major crypto exploiters in moving their funds to Bitcoin.

FluideFi Gains Time And Cuts Costs With Google Clouds AlloyDB
FluideFi, a cryptocurrency lending and borrowing platform, has improved performance and reduced costs by migrating its database from Amazon Aurora…