Three Arrows Capital Wallet Removes Millions in ETH From DeFi Liquidity Pools

A wallet belonging to embattled hedge fund Three Arrows Capital has removed $33M in Staked ETH (stETH) from Curve Liquidity Farming Pool. According to Etherscan and Nansen, the embattled crypto hedge fund also removed 200 bitcoin (BTC), $4 million worth of Tether (USDT), and $4 million in wrapped ether (wETH) from Convex, another DeFi platform. … Read more

PancakeSwap Posts a Week with 1 Million Unique Wallets

Another week and another one million unique active wallets interacting with smart contracts on PancakeSwap. May was a huge month for PancakeSwap (CAKE), according to a recent market report from DappRadar. While Binance Smart Chain (BSC) led the charge for blockchains, with more than 417,000 unique active wallets at month’s end, PancakeSwap led the dApp … Read more

Polygon Saw 1,102% Growth in TVL, BSC TVL Recorded 50% Decrease in May

DappRadar’s latest report shines a light on a number of key areas of the decentralized finance (DeFi) sector, including the popularity spike of Polygon (MATIC) and the continued success of non-fungible tokens (NFTs).  A few general market numbers from the report include one million unique active wallets in the blockchain industry. Of those one million … Read more

BurgerSwap Experiences Flash Loan Attack, Loses $7 Million

Today, a decentralized finance (DeFi) protocol running on the Binance Smart Chain (BSC), BurgerSwap, lost a whopping sum of $7.2 million through a flash loan attack. This money was stolen in a series of fourteen transactions.  The total amount received by the attackers was 8,800 WBNB, a 493 WBNB swapped to 108,700 BURGER on BurgerSwap. … Read more