Discover the Latest DeFi Crypto News

Ethereum Locked in DeFi Hits New All-Time High of 3.5M ETH

John P. Njui·July 17, 2020

Ethereum Locked in DeFi Hits New All-Time High of 3.5M ETH 12

Quick take: The amount of Ethereum locked in DeFi continues to rise. Approximately 3.5 million ETH is locked in DeFi. Majority of the Ethereum is locked up in the DeFi apps of Maker and Compound Finance. ...

ChainLink (LINK) Ranked the Top DeFi Project on Coinmarketcap

John P. Njui·July 24, 2020

ChainLink (LINK) Ranked the Top DeFi Project on Coinmarketcap 14

In summary: The team at Coinmarketcap has continued to add new features on the site since the acquisition by Binance. The latest is a DeFi ranking that has ChainLink ranked first in DeFi projects. The team...

DeFi & ETH 2.0 Take Centre Stage as Ethereum (ETH) Turns 5

John P. Njui·July 30, 2020

In brief: The initial release of Ethereum was 5 years ago on July 30th. To date, Ethereum is the most popular smart contract platform. DeFi and ETH2.0 occupy center stage on Ethereum’s fifth anniversary. The popular...

Tron (TRX) Partners with WAVES to Enhance DeFi in Both Ecosystems

John P. Njui·August 13, 2020

Tron (TRX) Partners with WAVES to Enhance DeFi in Both Ecosystems 15

Quick take: The Tron (TRX) and Waves projects have announced a strategic partnership. The partnership will enhance inter-chain communication between the two networks. Key to the partnership is the use of Gravity, an Oracles and Cross-Chain...

TRON’s JustSwap Will Revolutionize DeFi on the TRX Network

John P. Njui·August 16, 2020

TRON's JustSwap Will Revolutionize DeFi on the TRX Network 16

Quick take: The Tron foundation will be launching JustSwap on the 18th of August. JustSwap will be the first decentralized token exchange protocol on Tron (TRX). It will allow users to exchange TRC20 tokens as well...

History Repeats itself as Tron (TRX) Dips Before JustSwap Launch

John P. Njui·August 18, 2020

History Repeats itself as Tron (TRX) Dips Before JustSwap Launch 17

In brief: Tron’s JustSwap will be launched today at 22:00 UTC + 8. Justin Sun will be hosting a Livestream event to introduce JustSwap. Tron (TRX) has had an impressive rally from the 13th of August,...

High ETH Fees is Turning DeFi into a Game for Whales – Coinmetrics

John P. Njui·August 19, 2020

High ETH Fees is Turning DeFi into a Game for Whales - Coinmetrics 18

Quick take: The DeFi boom has led to high ETH fees on the Ethereum network. The team at CoinMetrics has concluded retail users are being locked out of DeFi by these high ETH fees. Whales are...

Binance Smart Chain Integrates Band (BAND) Protocol’s Oracle Network

John P. Njui·August 19, 2020

Binance Smart Chain Integrates Band (BAND) Protocol's Oracle Network 19

In summary: The team at Binance has announced a partnership with the Band (BAND) Protocol. Binance Smart Chain has integrated BandChain’s decentralized Oracle Network. The oracle network connects real-world data and APIs to smart contracts. This...

Binance Launches BNB DeFi Staking with Up to 25% APR

John P. Njui·August 20, 2020

Binance Launches BNB DeFi Staking with Up to 25% APR 20

In brief: Binance has launched the long-awaited staking of BNB on the trading platform. The DeFi staking of BNB will commence today, August 20th, at 1 pm (UTC). 7-day and 30-day products will be available and...

There is no DeFi Without ChainLink (LINK) – Weiss

John P. Njui·August 21, 2020

There is no DeFi Without ChainLink (LINK) - Weiss 21

In summary: The team at Weiss Ratings has concluded that ChainLink is an integral part of the DeFi revolution. Decentralized Finance is one way of bringing digital assets to the mainstream. ChainLink’s oracle network powers a...

Yearn Finance (YFI) Continues to Outshine Bitcoin, Hits ATH of $16,700

John P. Njui·August 21, 2020

Yearn Finance (YFI) Continues to Outshine Bitcoin, Hits ATH of $16,700 22

In summary: Yearn Finance (YFI) has eclipsed Bitcoin’s value and posted a new all-time high of $16,700. The popularity of DeFi is one reason YFI is gaining in the market. YFI has a very low circulating...

Tron’s JustSwap Hits New Milestone of Over $20M in Total Trade Volume

John P. Njui·August 22, 2020

Tron's JustSwap Hits New Milestone of Over $20M in Total Trade Volume 24

In summary: Tron’s JustSwap was launched on the 18th of August. The majority of JustSwap’s trade volume was in the first 24hrs by handling 33,169 transactions. However, the JustSwap team discovered fake tokens on the platform...

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Ethereum coders reached consensus on Shanghai update

FTX Hacker Becomes 35th Largest Holder Of Ethereum After Panic Purchasing Approx. $50M of $ETH

Ethereum Daily Trading Volume On Uniswap Up 80% Amid FTX Contagion

Coinbase Custody confirmed Grayscale product breakdown, wallet addresses remain undisclosed as GBTC discount reached 50%

Bitcoin Could Have Found Its Bottom At $20,000 Level: Glassnode Report

Bitcoin’s Whitepaper Anniversary: 14 Years To Transform the Exchange of Value

Tether ($USDT) Hits Back At Bloomberg For Report Over Renewed Fraud Probe

SushiSwap Votes In Favor Of Landmark Restructuring Proposal

Celsius Investment Funds And Customers To Fight Over Who Gets To Cash In On Company’s Assets

Luxury Watchmaker Rolex Files Applications for Metaverse, NFT Trademarks

BREAKING: SOL Price Skyrockets 16% As Google Cloud Announces A New Block Producing Solana Validator To Participate In Network’s Validation Process

DappRadar Notes An 18% Monthly Increase In Unique NFT Traders: Is Crypto Winter Finally Warming Up to NFTs?

Amazon Taps The Russo Brothers For TV Series About The FTX Saga

Ethereum coders reached consensus on Shanghai update

Ethereum developer ConsenSys said Infura stores IP addresses from MetaMask users

XPLUS Announces DEX Listing & Public Beta Launch of First SocialFi App

Ripple ($XRP) Achieves Huge Milestone With Deployment of Ethereum-based Smart Contracts for XRPL Sidechain

Blockchain.com Investors Remain Undeterred Despite Ruthless Crypto Winter

Decentralized Finance (DeFi)