By the end of June 2021, 2.91 million unique Ethereum addresses had interacted with at least one DeFi protocol, representing 65% growth from the previous quarter. “As community driven education, simple user interfaces, appealing yields, and general awareness around DeFi best practices increased throughout the quarter, so too did the number of new addresses,” the report read. … [Read more...] about DeFi attracts 2.91M Ethereum addresses, according to ConsenSys
Attracts
Layer 2 network Arbitrum ships guarded launch, attracts major DeFi protocols
In a landscape of so-called scaling solutions primarily composed of sidechains and EMV-enabled competitors, one widely anticipated “rollup” layer 2 sidechain for Ethereum has finally arrived. Offchain Labs announced the launch of Abritrum One with a blog post late last night. Arbitrum One is currently live on Ethereum in a beta state, though teams that wish to participate and … [Read more...] about Layer 2 network Arbitrum ships guarded launch, attracts major DeFi protocols
QuickSwap (QUICK) gains 420% as Polygon’s (MATIC) L2 network attracts new liquidity
As the Ethereum (ETH) network progresses along the slow and steady path toward Eth2 and the full transition to proof of stake, layer-2 solutions have arisen as the best solution to the current challenges associated with high gas fees and network congestion. One L2 solution that has emerged as a top choice for DeFi projects and traders is Polygon (MATIC), which over the past … [Read more...] about QuickSwap (QUICK) gains 420% as Polygon’s (MATIC) L2 network attracts new liquidity
Bitcoin on balance sheet attracts negative attention from anti-crypto banks
MicroStrategy’s continuous Bitcoin acquisition has drawn the ire of investment banking giant HSBC. Despite being one of the largest business intelligence firms in the world, HSBC has stated that MicroStrategy is now a “virtual currency product,” a designation akin to the pseudo-Bitcoin exchange-traded fund status attached to the company on account of its sizable Bitcoin (BTC) … [Read more...] about Bitcoin on balance sheet attracts negative attention from anti-crypto banks
Volatility derivatives project Volmex Finance attracts backing from VC giants
A number of venture capital giants have completed a financing round for Ethereum-based volatility and derivatives protocol Volmex Finance.According to a March 17 announcement from Volmex Labs, the financing round was contributed to by several leading decentralized finance venture capital firms including Alameda Research, Three Arrows Capital, Robot Ventures, CMS Holdings, IOSG … [Read more...] about Volatility derivatives project Volmex Finance attracts backing from VC giants