Discover the Latest DeFi Crypto News

Uniswap Edges out Tether (USDT) in ETH Gas Consumption

John P. Njui·August 23, 2020

Uniswap Edges out Tether (USDT) in ETH Gas Consumption 11

In brief: Uniswap has edged out Tether (USDT) in terms of ETH gas consumption. In the last 30 days, traders on Uniswap V2 have paid $6.99M in ETH fees. The popularity of DeFi is one reason...

ChainLink Rebounds After Dave Portnoy Reveals He Sold His LINK Bag

John P. Njui·August 22, 2020

ChainLink Rebounds After Dave Portnoy Reveals He Sold His LINK Bag 13

In summary: Friday, August 21st, saw LINK trade as low as $12.85 – Binance rate. This was a 36% drop from its all-time high value of $20.30. On the same day, Barstool Sports’ Dave Portnoy revealed...

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 15

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...

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 16

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...

There is no DeFi Without ChainLink (LINK) – Weiss

John P. Njui·August 21, 2020

There is no DeFi Without ChainLink (LINK) - Weiss 18

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...

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 19

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...

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 20

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...

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 21

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...

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 22

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,...

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 23

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...

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 24

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...

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...

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Bitcoin Breaks Above $24,000 As U.S. Inflation Dips To 8.5%

Circle (USDC) Will Support Ethereum’s PoS Merge Chain Only

Ethereum Is The Most Prospective Blockchain For Web3, Hard Forks Not Necessary – DeBank

Bitcoin Breaks Above $24,000 As U.S. Inflation Dips To 8.5%

Bitcoin and Ethereum”Incredibly Oversold” States Bloomberg Analyst: Forbes

Elon Musk Fires Back At Twitter with a Counter Lawsuit

Virginia Pension Fund Aims To Boost Its Returns Using Yield Farming

Axie Infinity CEO Transferred AXS Worth $3M to Binance Before the Team Revealed Hack – Report

Harmony Proposes Hard Fork, Minting of Billions of ONE to Make Hack Victims Whole

Magic Eden Proposes to Build “ApeCoinDAO,” An NFT Marketplace Catering To ApeCoin Holders

Meta Launches Instagram NFTs And Coinbase Integration In Over 100 Countries

OpenSea’s Rival NFT Marketplace Magic Eden Announces Support For Ethereum NFTs

Crypto Exchange Hotbit Suspends Transactions As Authorities Investigate Its Former Employee

Ripple is Interested in Acquiring Bankrupt Crypto Lender Celsius Assets: Reuters Report

SEC To Require Crypto Exposure Report From Hedge Funds – WallStreetJournal

Nomiswap.io DEX launches $50,000 giveaway for a video review of the platform

Logium, The first DEX on Ethereum That Allows You To Bet On the Price Of Every Token On Uniswap

Bexplus Announcing $5,000 Rewards For New Users: Profiting With 2 Benefits & 3 Tools On Bexplus

Decentralized Finance (DeFi)