DeFi
Despite being launched less than three months ago, Ethena, the protocol behind the digital dollar USDe, now holds over 5.5% of the global open interest (OI) in Ethereum perpetual futures contracts. Understanding Open Interest (OI) Open interest (OI) measures the total value of all outstanding or "unsettled"
DeFi
The streaming token protocol Superfluid has successfully raised $5.1 million in a strategic funding round. Led by Fabric Ventures, this funding round also saw participation from prominent names such as Multicoin Capital, Circle Ventures, Safe Foundation, and The LAO. CEO Francesco George Renzi stated that the round adheres to
DeFi
On the early morning of February 23rd, Optimism officially announced the deployment of the Delta upgrade onto the mainnet, aimed at significantly reducing operational costs for OP Chain networks. According to OP Labs' announcement on X platform, the Delta upgrade has successfully reduced fixed costs for OP Chains by
DeFi
On the evening of February 23, 2024, Uniswap Foundation made a surprising announcement regarding a new governance proposal aimed at changing the fee mechanism on the DEX platform, sharing revenue with holders of UNI tokens. Governance Proposal and Impact on UNI Token 🔈 New Governance Proposal Posted 🔈 UF Governance Lead @eek637
Big Cap
The crypto community was abuzz today with news of a potential attack on the Ronin sidechain developed by Sky Mavis. But what's the real story behind it? On the morning of February 23 (Vietnam time), web3 security firm Ancilia unexpectedly discovered a series of suspicious withdrawal transactions, fueling
Big Cap
StarkWare, the developer behind layer-2 solution Starknet, has decided to restructure its token vesting schedule following substantial community backlash. In an important update, StarkWare announced changes to the release schedule for early contributors and investors of STRK tokens, aiming to address community concerns and build trust. Originally, Starknet planned to
Big Cap
Worldcoin's token, WLD, has demonstrated exceptional growth by continuously breaking records and surpassing a $1 billion market cap. On February 22nd, the WLD token from the Worldcoin user identity project saw an impressive 40% surge, reaching a new price peak of $9. Over the monthly timeframe, the token
Big Cap
Following a promising financial report, shares of Block surged an additional 13% in after-hours trading. Jack Dorsey's digital payment company Block generated $66 million in gross profit from Bitcoin sales via Cash App in Q4/2023, marking a 90% increase from the same period last year. In its
NFT & GameFi
Team Liquid, a prominent organization in esports, has teamed up with Mysten Labs to launch an interactive fan platform on the Sui blockchain. The platform, as described by a representative from Mysten Labs to Decrypt, will allow fans to purchase NFT collections, customize mascot avatars, receive rewards, and have opportunities
NFT & GameFi
Yuga Labs co-founder Greg Solano, known as Garga, will take on the role of CEO. Yuga Labs co-founder "returns" as CEO According to a statement on February 21st by Greg Solano on X, he will return to assume the position of CEO of Yuga Labs, replacing Daniel Alegre
DeFi
On February 21st, 2024, John Morrow, co-founder of Gauntlet, announced the termination of their risk management collaboration with Aave. Gauntlet, specializing in DeFi risk management, has provided oversight of platform risk levels, offered frequent updates to the Aave community, and set borrowing and lending parameters since 2020. Aave DAO, known
DeFi
On the evening of February 22nd, a16z crypto, a prominent investment fund in the cryptocurrency industry, announced a $100 million investment in EigenLayer, currently the largest restaking project in the crypto market. EigenLayer revealed that their decision to partner with a16z stemmed from shared interests in research and contributions to
