$1.5 Billion Inflows Into Cardano in a Day
Decentralized finance (DeFi) asset Cardano (ADA) continues to record increased buying pressure while appearing to decouple from the general crypto market with a price explosion.
DeFi-Type Projects Received the Highest Number of Attacks in 2022: Report
It’s no secret that in 2022 the world of Web3 and decentralized finance (DeFi) experienced a slew of major exploits and attacks. From the Ronin bridge attack to the Nomad hack, the top 10 exploits alone saw over $2 billion lost.
Cardano DeFi Taps Two Month High as ADA Price Surges
Crypto markets are in the green today, and Cardano (ADA) is outperforming its brethren. Decentralized finance (DeFi) on the network is also making a comeback.
Why DeFi Should Expect More Hacks This Year: Blockchain Security Execs
Decentralized finance (DeFi) investors should buckle themselves up for another big year of exploits and attacks as new projects enter the market and hackers become more sophisticated. Executives from blockchain security and auditing firms HashEx, Beosin and Apostro were interviewed for Drofa’s An Overview of DeFi Security In 2022 report shared exclusively with Cointelegraph. Tommy Deng, managing director of blockchain security firm Beosin, said while DeFi protocols will continue to strengthen and improve security, he also admitted that “there is no absolute security,” stating: “As long as there is interest in the crypto market, the number of hackers will not decrease.” (Cointelegraph)
What Are Governance Tokens & How Do They Work?
Governance tokens are often used in decentralized finance (DeFi) protocols, which are decentralized networks that allow users to access financial services such as lending, borrowing, and trading.
Ethereum’s Shanghai Upgrade Could Supercharge Liquid Staking Derivatives — Here’s How
The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and Uniswap turned Ether (ETH) and Bitcoin (BTC) into yield-bearing assets via yield farming and liquidity mining rewards. The price of Ether nearly doubled to $490 as the total liquidity across DeFi protocols quickly surged to $10 billion.
10 Highlights From Messari’s Prodigious ‘Crypto Theses 2023’
Below the most intriguing points I found in each of the 10 awesome chapters of the epic report.
ConsenSys: Cross-Chain Interoperability Is the Future of DeFi
Cross-chain interoperability gives users the freedom to choose how they want to interact with DeFi, without being constrained by any one blockchain network.
DeFi Security Loses Rose 47.4% in 2022 to Hit $3.64B
DeFi exploits across blockchains worldwide totaled $3.64 billion in 2022. This represented a rise of 47.4% compared to the loss of $2.44 billion in 2021. The incidents increased in quantity despite a steep 80% loss in DeFi total value locked during the year.
Assessing the Current Status of MakerDAO for Long-Term MKR Holders
MakerDAO [MKR], the protocol which was reigning atop the DeFi space in terms of TVL, lost its spot to Lido on 3 January. However, the protocol remained undeterred and continued to build and invest funds to grow the DAO.
