DEFI
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
PwC Report Shows that Crypto Hedge Funds Have Increasing Appetite for DeFi
A study shows that the assets under management (AuM) managed by cryptocurrency hedge funds have increased from $2 billion in 2019 to nearly $3.8 billion in 2020, showing that an increasing preference for decentralized finance (DeFi).
Ethereum Gas Fees Surge to a Monthly High, Supply on Exchanges Continues to Decline
Ethereum's total fees has hit a monthly high of 746.026 ETH.
Yearn.finance’s YFI Token Pumps to a New Record High of $95K
Yearn.finance's governance token YFI set a new record high of $95,000 today.
1INCH Hits a New All-Time High
1inch, a decentralized exchange (DEX) aggregator, today announced that 1inch Network aggregated liquidity of MDEX on Binance Smart Chain (BSC).
Hedging, Staking and Saving - The Signs that Point to a Maturing DeFi Market
DeFi is currently on a maturity curve comparable to the same one that the cryptocurrency markets have undergone over recent years.
Five Reasons Behind Ethereum's Rally to Top $3000
Ethereum broke the $3,000 mark after a rocky April. Its market capitalization now surpasses that of the Bank of America.
Everything You Need to Know about 1inch
1inch is a Decentralized Exchange (DEX) aggregator built on Ethereum. It is a type of liquidity protocol specialized in providing customers with the most favourable and most convenient transaction route by automatically aggregating offers from other decentralized exchanges.
QuickSwap Breaches $1,000 for the First Time amid Increasing Adoption of Polygon
QuickSwap is a decentralized trading platform leveraging Polygon's Layer 2 network. Its native token QUICK achieved a new record-high today, breaching $1,000.
1inch Launches Wallet on Apple iOS App Store
1inch, a decentralized exchange aggregator operating on both Ethereum and Binance Smart Chain, launched its wallets on Apple iOS this Tuesday.
Polygon Surges by 2600% on a Year-to-Date Basis as Adoption of Layer 2 Accelerates
Polygon's rate of return is very impressive, rising by more than 2600%, from $0.0178 to $0.468 since the beginning of 2021.
DODO DeFi Token: Everything You Need to Know
DODO is a decentralized exchange based on Ethereum and Binance Smart Chain by using Proactive Market Maker to provide users with a single token market-making to earn transaction fees.
Crypto Is The "Best Kept Secret in the World," Says Former NYSE President
Former NYSE President Thomas Farley says that crypto is the best-kept secret in the world.
Maker Hits a New All-Time High Close to the $5,000 Mark
Maker has grown nearly eight-fold since the beginning of this year. It hit a record high of $4,995 today, breaking the $4,500 mark in one clean swoop.
KeyFi Announces Native Token Listing on ApeSwap DEX
KeyFi, an AI-Powered DeFi aggregator platform backed by SelfKey Credentials, is listing its native token, KEYFI, on decentralized exchange ApeSwap.Finance.
DeFi and Exchange Tokens Participate in Crypto Bull Run
As the broader market sees a continuous run in price and valuation, DeFi and exchange tokens are also catching up on the growth.