The decentralized finance (DeFi) revolution rages on even though the market has taken a slight breather. DeFi services are projected to explode in 2022 as decentralized platforms continue to offer traditional banking services in a decentralized and trusted manner. As investors watch how the market plays out,…
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Compound sinks more than $4 billion in total value locked (TVL) in the last week of May 2022. Current TVL was approximately $3.9 billion. The post Compound Plunges More Than $4 Billion in Total Value Locked (TVL) appeared first on BeInCrypto.
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Proof of Stake (PoS) consensus mechanism is a type of consensus mechanism for blockchains that work by choosing validators based on the amount of cryptocurrency they are holding. It requires you to stake coins to be chosen as a validator.  While Proof of Work (PoW) might be…
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Exciting news from the Astar ecosystem. The project AstridDAO being built on Astar has officially announced a partnership with Microsoft. This partnership has huge implications for the ecosystem as a whole. Microsoft, a powerhouse of innovation bringing its resources and technology to AstridDAO. Endorsing and coaching the…
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The Vancouver-based "omnichain" developer is seeking yet more funding just a few months after its last raise. The post LayerZero Labs seeks backing that would triple its valuation to $3 billion appeared first on The Block.
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Aave total value locked (TVL) sunk to new high lows in the last week of May following negative crypto market sentiment.  The post Aave Plunges $5 Billion in Total Value Locked (TVL) appeared first on BeInCrypto.
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The crypto market is suffering through unprecedented times right now as it is going through a major dip. With all coins down right now, investors are waiting to see the market rise again. Although it is likely to rise sometime soon, it is unknown exactly when to…
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Archway is on a mission to create perpetual funding for developers to build impactful dApps.Continue reading on Medium »
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When it comes to Decentralised Finance, DeFi for short, scalability has been the missing ingredient for global adoption. Ethereum may be winning the DeFi race, but it will never be a fully adopted and accepted financial infrastructure without a solution to its scalability issues. Ethereum's scalability problems,…
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What on earth is NFT? Is it a new kind of totem, or is it just an algorithmically generated .jpg? With ERC721 smart contracts deployed one after another, there seems to have built a new consensus. Searching through these month-old “conventions,” you may find that breaking conventions…
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