While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $ 1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens has suffered a great deal. Statistics show that the total value locked in defi has dropped 7.96% since May 18, to roughly $ 104 billion, and the combined value of all the smart contract … [Read more...]
Value Locked in Defi Drops Below $200 Billion, April’s Dex Trade Volume Drops 21% Lower Than March
While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $ 200 billion range to $ 196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $ 592 billion in smart contract protocol tokens dropped in value by 3.5% over the last 24 hours. Defi TVL Slips Below $ 200 Billion, … [Read more...]
Report: $1.3 Billion in Crypto Stolen in Q1 2022, 97% Stemmed From Defi Exploits
According to a research report, $ 1.3 billion in digital currencies have been stolen during the first quarter of 2022. The study, published by cryptomonday.de researchers, further highlights that 97% of the stolen funds derived from decentralized finance (defi) protocol exploits. Defi Exploits Account for Lion’s Share of Stolen Crypto This Year 2022 is already breaking records … [Read more...]
Makerdao Dev Insists Defi Protocol Should Leverage Real World Assets to Scale
On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good, but “the time is passing” and he believes Makerdao needs “to take the next step and begin … [Read more...]
Fantom Surpasses Binance Smart Chain as the Third-Largest Defi Blockchain
The total value locked (TVL) in decentralized finance (defi) protocols has lost 6.8% during the last 24 hours as crypto markets have experienced more losses. However, the Fantom blockchain has seen a TVL increase, jumping 46.62% over the last week. Fantom has managed to knock Binance Smart Chain (BSC) down a notch, as it now holds the third-largest share in the world of defi. … [Read more...]
