Koreans Love Crypto but DeFi Not so Much, Claims Researcher
South Korea is known for its love of cryptocurrency, contributing to 20% of all Bitcoin trades in 2017 and becoming the largest market for Ethereum. However, the country's interest in decentralized finance (DeFi) is not as strong. This is due to factors such as trust in traditional financial systems, user experience barriers, educational gaps, and regulatory hurdles. Despite this, there is a push to make DeFi more accessible to Koreans through translation, collaboration, and education.
Ethereum's Revenue Decline in Q2 2023: A Deep Dive and Future Prospects
Ethereum, a major player in the DeFi space, experienced a significant decline in network revenue and daily active addresses during Q2 2023, according to a Bankless report. The network's revenue dropped by 33.3% YoY, from $1.27 billion to $847 million, due to a decrease in transaction fees.
Binance Report Shows Resilience of Global Crypto Industry in First Half of 2023
Binance's 120-page report on the first half of 2023 highlights the crypto industry's resilience after the crypto winter. Bitcoin, stablecoins, DeFi, and NFTs have all experienced growth, with DeFi seeing a 43% year-to-date increase and NFT volume rising compared to the second half of 2022. The top 10 funds raised $3.6 billion in fundraising, and USDT increased its market share by 26%.
Liquid Staking Overtakes Decentralized Exchanges as Biggest DeFi Sector, Says Binance Report
Liquid staking, a subsector of decentralized finance (DeFi), has surpassed decentralized exchanges (DEXs) as the top-ranking DeFi category by total value locked (TVL), according to Binance's Half-Year Report 2023. Liquid staking allows users to earn yield by staking their tokens without losing liquidity.
Reiterate the fact: FilFi is a 100% smart contract managed storage node co-construction solution for the Filecoin ecosystem
Reiterate the fact: FilFi is a 100% smart contract managed storage node co-construction solution for the Filecoin ecosystem
Meta Defender: can DeFi insurance effectively address structured risk in the DeFi market?
Meta Defender is a decentralized insurance protocol built on the blockchain. It is compatible with the most popular EVM and Substrate frameworks and is designed to insure users' transactional and non-transactional assets on the blockchain.
Avalanche sees growth in user activity and revenue despite declines in DeFi and NFT verticals
A report by Messari has revealed that Avalanche witnessed growth in user activity and revenue during Q2, but its DeFi and NFT verticals experienced declines. The report analyzed the network's different chains, including the P-Chain, X-Chain, and C-Chain. While the C-Chain saw a significant increase in daily transactions, transactions across subnets declined, primarily due to a decrease in transactions on the DFK subnet.
CMC Report: Cryptocurrency Market Analysis for the First Half of 2023
According to CMC's crypto market analysis report, the global cryptocurrency market capitalization will reach $1.17 trillion in the first half of 2023, an increase of 48%. While there was a lack of breakthroughs in the second quarter, areas such as VR/AR and artificial intelligence performed well. Memes and DeFi are the most-watched sectors, with Bitcoin remaining the most popular cryptocurrency. Decentralized public infrastructure networks, real asset transactions, liquid collateralized derivatives, zkSync, and modular blockchains are also hot topics. In addition, there have been some developments in the FTX collapse, and the approval of the Bitcoin ETF is expected to trigger increased demand from institutional investors.
Sei Network: can DeFi's native public chain kill it in the L1 market?
Sei Network is the first L1 blockchain project based on an order book, using Cosmos SDK and Tendermint Core technology with a built-in Central Limit Order (CLOB) module.
