DeFi
FixedFloat exchange has recently fallen victim to hackers, incurring total estimated losses of $26.1 million. After detecting a series of suspicious transactions, the exchange was forced to switch to maintenance mode and has yet to resume operations. On the Bitcoin network, 409 BTC (equivalent to $21.17 million) were
DeFi
Layer-2 solution Linea has recently announced the launch of its updated Alpha V2 version, featuring significant changes in operational costs and user experience. With Alpha V2, the cost of sending verification proofs to Layer-1 has been reduced by 90% compared to Alpha V1. These cost reductions have been achieved through
DeFi
The Uniswap Foundation has announced that the launch of Uniswap v4 is expected in Q3 2024. According to an announcement on X, Uniswap is currently in the initial development phase of its fourth version of the decentralized exchange (DEX). This phase includes finalizing the core code, testing, optimizing gas fees,
DeFi
Sushi has announced plans to launch a derivatives exchange named Susa on Layer N, a blockchain set to deploy its mainnet this month. Sushi revealed on the evening of February 13 that it will soon introduce a decentralized derivatives platform called Susa on Layer N, an Ethereum layer-2 solution designed
DeFi
Polygon has recently introduced the "Prover Type 1" mechanism, a technology that enables EVM chains to easily integrate Zero-Knowledge Proof (ZK Proof) verification. The Prover Type 1 mechanism is scheduled to be deployed this year and will be integrated directly into Polygon's CDK toolkit. Brendan Farmer,
DeFi
Following in the footsteps of many recent projects, the cross-chain protocol Wormhole is the latest to announce an airdrop. Wormhole (W) Announces Airdrop and 4-Year Tokenomics Plan According to an announcement late on February 7, the cross-chain solution Wormhole will use the "W" token, with a maximum supply
DeFi
The renowned DeFi project on Ethereum, Frax Finance, has launched the mainnet of its layer-2 solution, Fraxtal, for select partners and shared details about its FXTL reward points program. Fraxtal is a layer-2 solution developed by Frax Finance on Ethereum since mid-2023, utilizing Optimism's OP Stack and being
DeFi
Pyth Network has recently announced token rewards for 167 decentralized applications (DApps) utilizing its Oracle services. Specifically, 100 million PYTH tokens will be allocated to eligible projects, based on criteria such as transaction volume and the total value of assets attracted. The Pyth Retrospective Airdrop was not just for DeFi
DeFi
Shortly after launching its mainnet, Dymension encountered issues with network validation. The problem was shared by the Twitter community on the evening of February 6. Specifically, the network, which had just been initialized, experienced validation issues due to a significant proportion of tokens (up to 35%) being delegated to a
DeFi
Following a partnership announcement on the morning of February 3, projects using the Arbitrum Orbit toolkit will soon benefit from EigenDA's Data Availability service. EigenDA announced this collaboration on its official X account on the evening of February 2. Big news... 🥁 EigenDA now works with @arbitrum Orbit! 🛰️ Thanks
DeFi
Delegate has recently partnered with LayerZero to launch a blockchain domain solution called Clusters. Web3 domain solutions, such as ENS, are well-known to users, typically storing data exclusively on the Ethereum blockchain and using it as the sole verification pointer. However, Delegate's new solution, Clusters, aims to extend
DeFi
Puffer Finance, a project recently announced to have received investment from Binance Labs, has quickly risen to become the fourth-largest liquid restaking platform by Total Value Locked (TVL) within just 24 hours of its launch. As the "liquid staking" market becomes increasingly dominated by major players, the industry