Defi Financial News
19.02 / 00:23
Blockchain
Adoption
defi
Gaming
DeFi Kingdoms Surpassed Axie Infinity in Transactions in January
Play-to-earn game DeFi Kingdoms generated some USD 1.84bn in transactions in January 2022, more than tripling the value posted by rival game dapp Axie Infinity (AXS), according to dapp information provider DappRadar.
18.02 / 23:59
Adoption
defi
Funding
avalanche
Finance Redefined: Axelar becomes a unicorn, new ETH addresses hit 1.5M per month, Feb. 11–18
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.
18.02 / 13:47
defi
regulation
Decentralization
DAO
regulatory
DeFi may turn to DAO governance to reduce regulatory risks in 2022: Report
KuCoin Labs, the investment and research arm of crypto exchange KuCoin, has released its annual report, predictin that decentralized finance (DeFi) will still be a significant trend in the crypto industry in 2022 and governance will be run through decentralized autonomous organizations (DAOs).
17.02 / 17:11
Blockchain
Technology
Adoption
defi
Interchain Accounts is the biggest upgrade to Cosmos since Stargate
On Thursday, the Interchain Foundation, a nonprofit steward of the Cosmos ecosystem, announced the release of Interchain Accounts.
17.02 / 14:17
NFT
defi
Tokens
Scams
Fake alert! New projects pose as prominent brands to lure crypto investors
Creating a new crypto project is dangerously easy: One needs to generate a token, pick a ticker, market it to the crypto community through coin information websites such as CoinMarketCap or CoinGecko, and then get it listed on decentralized exchanges or the thousands of new centralized crypto exchanges that will do almost anything for money.
17.02 / 13:47
defi
avalanche
BSC
Cross-Chain
Avalanche growth sparks third-party cross-chain bridges
Avalanche (AVAX), a Layer-1 proof-of-stake (PoS) blockchain network, gets a new cross-chain bridge from Umbria Network to help traders transfer liquidity between Ethereum mainnet and the Avalanche blockchain.
16.02 / 20:43
Blockchain
Technology
defi
Chainlink Verifiable Random Function v2 goes live on mainnet
On Wednesday, blockchain oracle solution Chainlink (LINK) announced the release of Chainlink Verifiable Random Function, or VRF, v2. As told by its developers, the new, improved version of the random number generator can reduce transaction fees by 60% compared to v1. Randomness is a core component of making nonfungible tokens, or NFTs, and gaming applications fair and secure. On their own, blockchains and smart contracts cannot guarantee randomness, but rather require an oracle network to deliver such solutions on-chain.
16.02 / 20:23
Blockchain
Technology
defi
solana
Cross-Chain
Wormhole hack illustrates danger of DeFi cross-chain bridges
Solana has become one of the fastest-growing smart contract blockchain networks since it was first officially launched in March 2020.
16.02 / 07:59
Ethereum
defi
Polygon
transactions
network
18.36M Ethereum addresses joined the network in 2021
New data reveals that the Ethereum network gained 18.36 million addresses with a balance greater than zero in 2021. That works out to an astonishing growth rate of 1.53 million new addresses per month, but competition is becoming increasingly fierce for market share.
15.02 / 17:23
NFT
defi
Marketplace
LooksRare team cashes out $30M in WETH, faces community backlash
LooksRare, a nonfungible token (NFT) marketplace touted to be the OpenSea killer, became the talk of the NFT world after the team behind the project cashed out millions in Ether (ETH).
15.02 / 16:49
Blockchain
defi
DApp
Decentralization
Blockchain platform Axelar establishes unicorn status, mainnet launch impending
The Axelar Network has announced the completion of a $35 million Series B funding round, pushing its market value above $1 billion. Participants of the round include Dragonfly Capital, Polychain Capital and North Island Ventures, among others.
15.02 / 16:49
Blockchain
Binance
defi
Binance Coin
Binance Smart Chain becomes BNB Chain
Decentralized blockchain ecosystem Binance Smart Chain (BSC) today announced that it is taking a new name, BNB Chain, in a bid to reflect its connection with the native token of the ecosystem Binance Coin (BNB).
15.02 / 01:43
markets
Adoption
defi
Launch
rebrand
Gnosis (GNO) continues uptrend after vCOW airdrop and rebrand to CoW Protocol
Airdrops, going 'multi-chain' and massive multi-million dollar developer incentives were some of the key marketing and rebrand tactics blockchain projects used in 2021. This trend appears set to continue in 2022 and Gnosis (GNO) appears to be jumping on the bandwagon.
14.02 / 23:01
Blockchain
defi
FinTech
Cross-Chain
Cross-chain roaming enables users to benefit from the sum value of blockchain technology
When the first blockchain came to life, it shared a vision for an all-encompassing solution that would enable anyone to transact on a single chain regardless of what they were hoping to accomplish.
14.02 / 19:41
Blockchain
NFT
defi
Internet
New mainnet connects blockchain to the physical world to promote mass adoption
Looking back at the 1990s, we live in a vastly different era from the times of the internet being considered a “passing fad.” It was at this time that many were turning their back on the technology due to its high access fees, as critics shared their skepticism of the technology’s limitations.
14.02 / 14:03
Blockchain
defi
Platform
World’s first official Ju Jitsu and Muay Thai athletes made available on Sports NFT marketplace
NFTs (nonfungible tokens) have already proven their ability to improve businesses and communities; however, there is another major use case that should not be overlooked. That is, the entire sports world, including the lesser-known leagues and all the athletes that create it. As the current system is set up, only the players in well-known sports get the proper support from their fans and are compensated accordingly.
14.02 / 13:41
NFT
defi
Non-fungible tokens
Compound
Rare ‘Alien’ CryptoPunk NFT Sells for USD 23M Worth of Ethereum
An avid non-fungible token (NFT) collector and ethereum (ETH) holder has made history by spending a whopping USD 23 million worth of ETH on a CryptoPunk token – the highest fee ever forked out for an item in the so-called “OG” collection.
14.02 / 00:31
markets
Ethereum
defi
DEX
Cross-Chain
Injective Protocol
Support
Injective Protocol (INJ) rallies 100%+ after launching cross-chain support for Cosmos
Trading perpetual futures contracts in decentralized apps is a crypto sub-sector ripe for growth, especially as discussions of regulation, taxation and mandatory KYC at centralized exchanges continue to take place.
12.02 / 21:43
Blockchain
Adoption
defi
Funding
Finance Redefined: Alchemy raises $200M, Bunny goes DAO, Feb. 4–11
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.
12.02 / 06:59
Blockchain
Adoption
NFT
defi
The evolution of DAOs and why they are expected to take hold in 2022
In 2021, crypto has been one of the biggest trends shaping tech and finance, and according to mainstream news headlines, decentralized autonomous organizations (DAOs) are set to be a force to be reckoned with in crypto in 2022. Mark Cuban called them the “ultimate combination of capitalism and progressivism.” Yet, while DAOs are relatively easy to understand conceptually, they’re a segment of the crypto market in a state of rapid flux, with many innovative use cases emerging. However, setting up and running a DAO also comes with its own set of unique challenges, which are also changing and developing over time.
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