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 Offers Opportunities But Needs Better Compliance, Says SEC Commissioner

DeFi Offers Opportunities, but needs better compliance, says SEC Commissioner Sponsored Sponsored SEC Commissioner Caroline Crenshaw believes DeFi has potential, but needs to address transparency and pseudonymity. In a recent article for the inaugural issue of “The International Journal of Blockchain Law,” Crenshaw laid out her perspective about decentralized finance (DeFi). While “DeFi presents a … Read more

India’s 13-Year-Old Coder Raises $300,000 for New DeFi Project

Indian teenager Gajesh Naik made headlines earlier this year when he built Gaj Finance, a multichain decentralized finance (defi) protocol, which currently manages some $1.2 million in crypto of user funds. Sponsored Sponsored Now the 13-year-old high school student has raised $300,000 in pre-seed funding for his latest DeFi project called Taksh. Built on Avalanche, … Read more

Synthetify DeFi Platform Halts Activity, Says Funds Are Safe

The new Synthetify DeFi Platform halted all activity shortly after its public debut because of faulty price data.  Sponsored Sponsored Solana-based asset exchange Synthetify announced via Twitter a platform wide halt on activities. The platform cited misinformation on TWAP price data, which it sources from the Pyth Network. Moreover, the company confirmed the safe storage … Read more

Andre Cronje Announced New NFT Marketplace

Coder and DeFi developer Andre Cronje launched a beta version of a new NFT marketplace on the Fantom network.  Sponsored Sponsored The decentralized network Fantom welcomed its newest ecosystem addition. In a blog post on September 24th, the network announced the beta version of its new NFT marketplace, Artion. According to the post, Artion touts … Read more

Celsius to Undergo Hearing in Texas Due to Unregulated Securities

Celsius has been brought to book for allegedly offering unregistered securities to residents of the state of Texas, and is expected to offer reasons why it should be allowed to continue offering its products in the state. Sponsored Sponsored Celsius securities debacle Celsius, crypto lender and major player in the DeFi space, has come under … 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

Kava Teams up With Simplex Enabling Fiat-to-DeFi Transactions

Fiat-to-crypto provider Simplex is teaming up with decentralized finance (DeFi) platform Kava to provide the first “Fiat-to-DeFi” ramp. Sponsored Sponsored An EU-licensed financial institution, Simplex provides a fiat infrastructure for digital currencies globally. This enables users to nearly instantly exchange their funds from debit and credit cards into crypto. Simplex already provides this service for … Read more