Acala DeFi Hub Wins First Polkadot Parachain Slot

The inaugural Polkadot parachain auction has come to a close. The race was close but Acala DeFi Hub is the winner of this first slot. Sponsored Sponsored Acala has taken the first Polkadot parachain slot, edging out Moonbeam which came in as a close runner-up. The auction ended on November 18. Acala took the prize … Read more

DeFi Total Value Locked Reaches Milestone High of $200B

The total value locked (TVL) across all decentralized finance (DeFi) platforms has tapped a record high this week as crypto markets continue to build on previous gains. The total amount of collateral locked in DeFi has tapped $200 billion according to analytics platform DeFi Llama. Sponsored Sponsored The milestone was also noted by Chinese blockchain … Read more

Vitalik Buterin: Ethereum Needs to Grow Beyond DeFi for Degens

Ethereum co-founder Vitalik Buterin has stated that the network needs to expand beyond its current state, urging the community to help it grow. Sponsored Sponsored Speaking at the EthCC conference in Paris, the lead developer stated that the network needs to grow and innovate beyond decentralized finance (DeFi). Buterin outlined his vision for the future … Read more

Beta Finance to Launch DeFi Asset Shorting Platform

The latest new idea to come out of the decentralized finance (DeFi) sector is a platform that makes it easier to short crypto assets. Sponsored Sponsored Beta Finance claims that the extreme price volatility for cryptocurrencies triggers instability, and harms the long-term adoption of DeFi by both retail and institutional users. In a blog post … Read more

Elrond to Launch Gold and Silver Backed DeFi

High-throughput blockchain platform Elrond is delving deeper into decentralized finance with its latest offering which will tokenize precious metals. Sponsored Sponsored Elrond has gone into partnership with U.K. fintech firm Aurus that facilitates the tokenization of precious metals and commodities. Three tokens for gold, silver, and platinum — AWG, AWS, and AWP — will be issued … Read more