The total value secured by the Chainlink network has officially surpassed $75 billion, marking a new milestone for the decentralized oracle solution that has become synonymous with price data services for the rapidly growing DeFi sector. With the milestone, Chainlink has become “one of the most value securing forms of decentralized consensus on the planet,” according to … [Read more...] about Chainlink’s total value secured surpasses $75B as DeFi continues to surge
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Total crypto market cap back above $2 trillion, FUD now a distant memory
The total crypto market cap edged above $2 trillion yesterday, making a 12 week high in the process. This comes as the market leader, Bitcoin, targets $50,000, a level not seen since the FUD kicked off just before the summer season.That period was fraught with concern over the return of “crypto winter.” But strong performances over the past few weeks have set aside those … [Read more...] about Total crypto market cap back above $2 trillion, FUD now a distant memory
Possible Yearn rival Convex Finance passes $1 billion in total value locked
While much of the market reels from a devastating pullback that has dragged DeFi’s closely-watched total value locked (TVL) figure down from all time highs, one protocol is shrugging off the macro weight and surging up the TVL leaderboard. Ethereum-based Convex Finance ($CVX) cracked a billion dollars in TVL earlier today, rising as high as $1.14 billion and briefly cracking … [Read more...] about Possible Yearn rival Convex Finance passes $1 billion in total value locked
Total crypto market cap gains $400B as DeFi tokens lead the recovery
Altcoins and DeFi sprang back to life on May 24 after a handful of decentralized finance tokens saw their prices increase by more than 60% as Bitcoin bulls pushed BTC price to the $38,000 level. Some analysts are describing the move as a 'dead cat bounce' but despite those concerns, the bounce in prices seen across the market is likely a welcome sight for cryptocurrency … [Read more...] about Total crypto market cap gains $400B as DeFi tokens lead the recovery
DeFi hacks and exploits total $285M since 2019, Messari reports
Decentralized finan’s rising popularity since 2019 has seen the emerging market segment become a target for hackers and opportunistic profiteers.According to a report by crypto research company Messari, DeFi protocols have lost about $284.9 million to hacks and other exploit attacks since 2019. This figure is about 0.65% of the adjusted total value locked of the Ethereum-based … [Read more...] about DeFi hacks and exploits total $285M since 2019, Messari reports