Tether Deploys USDT Stablecoin on Tezos Blockchain

Tether has deployed the USDT stablecoin on Tezos, becoming the 12th blockchain on which the popular stablecoin is available. Sponsored Sponsored The deployment of Tether onto several blockchains has helped USDT reach a staggering market cap of $72.5 billion. The second-largest stablecoin by market cap, USDC, has only $53.9 billion. The stablecoin was most recently … Read more

Ethereum Miner Revenue Soars to a Single Day All-Time High of 95K ETH

Ethereum miner revenue has soared to a single-day all-time high of 95,000 ETH helped by a recent surge in decentralized finance (DeFi) activity. Sponsored Sponsored The income of miners has spiked noticeably in the past few days. Data shows that the manual income of miners reached 95,182 ETH this month. Handling fees accounted for 85.9% … Read more

44 DeFi Hacks in 2021 Were Due to Centralization Issues – CertiK Report

44 DeFi hacks in 2021 were a result of centralization issues, according to a report by blockchain security firm CertiK. The report noted that security was becoming a priority task as DeFi gained even more steam. Sponsored Sponsored Blockchain security firm CertiK, in a report published on Jan. 8, said that a sizable number of … Read more

$100B of DeFi Locked Value Comes From

The 2021 Electric Capital Developer Report shows that the resources poured into Web3 are increasing rapidly. Among the most interesting insights from the report is the fact that over $100 billion of smart contract value comes from less than 1,000 full-time developers. Sponsored Sponsored The 2021 Electric Capital Developer Report, released on Jan 5, covered … Read more

Ethereum DeFi Users Reach New Highs Over 4M, Growing Roughly 8x in a Year

Data from Dune Analytics reveals that the number of decentralized finance (DeFi) users on Ethereum has hit a new all-time high of over four million. The number of users has been growing strong since the start of the year, which is a similar story in regard to other metrics. Sponsored Sponsored The total number of … Read more

DeFi Deep Dive — DeversiFi: A DEX With All the CEX Upsides

Decentralized Exchanges (DEX) rise in prominence, but centralized exchanges still outrank them when it comes to users. DeversiFi aims to change that. Sponsored Sponsored Considering that cryptocurrencies rely on decentralized blockchain to power them, it doesn’t make sense that much of the crypt space relies on a few specific points of failure — centralized crypto … Read more

DeFi Deep Dive — CowSwap, Building New Market Mechanisms for DeFi

Decentralized Finance (DeFi) focuses on righting the wrongs found in traditional finance. CowSwap, aka Gnosis Protocol v2 is one of these trustless DeFi vanguards, delivering a comprehensive approach to Finance 2.0. Sponsored Sponsored In this DeFi Deep Dive, we will delve into the details to explain CowSwap, and how it is contributing to this new … Read more

DeFi Deep Dive — Covalent, Blockchain Data Unifier

One of the problems facing Web 3.0 is the unification of scattered decentralized networks. Covalent is addressing this issue. It gives developers access to smart contract data to survey the entire blockchain ecosystem. Sponsored Sponsored Covalent makes it easier for investors to glean insights and performance of digital assets. This is done through its unified … Read more

DeFi Deep Dive — Gnosis, Building New Market Mechanisms for DeFi

Decentralized Finance (DeFi) focuses on righting the wrongs found in traditional finance. Gnosis is one of these trustless DeFi vanguards, delivering a comprehensive approach to Finance 2.0. Sponsored Sponsored In this DeFi Deep Dive, we will delve into the details to explain Gnosis, its various projects, and how it is contributing to this new financial landscape. What … Read more

DeFi Deep Dive — UMA, Cutting Middlemen Out of Derivatives Markets

Introducing the cost of lawyers and financial advisors has always represented a high barrier to entry to financial markets. With the help of smart contracts and oracles, the UMA project aims to bring that barrier down. Sponsored Sponsored Unlike meme coins that are created for the sole purpose of riding the whimsical waves of social … Read more