DeFi

Toncoin, of the TON network, has captured the attention of the cryptocurrency community as its Total Value Locked (TVL) surpasses a staggering $148 million, marking a historic milestone. This meteoric rise, reported by DefiLlama, showcases an almost threefold increase in just one month and a jaw-dropping tenfold surge over the course of a year. As of the latest update, TON’s TVL stands firm at slightly over $146 million, underscoring its growing prominence in the decentralized finance (DeFi) landscape. Unprecedented Growth…

XRPL DeFi boom as its AMM pool records an impressive growth from 277 to 316, pushing the locked XRP tokens from 1.8 million to 2.15 million.  Analyst predicts that XRP could replicate its 942% run in 2021 to stage a bullish reversal to $5 after the Bitcoin halving.  The Decentralized Finance (DeFi) industry has recorded significant growth in the past few years with the market size estimated to be $46.61 billion in 2024. According to a report, the size is…

In a recent report published by QuickNode, the first quarter of 2024 showed the dominance of decentralized finance (DeFi) and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector in key metrics, indicating investor preference and market sentiment during this period.  Hopes For Second ‘DeFi Summer’  Per the report, DeFi experienced a significant resurgence in Q1’24, fueled by a surge in developer and user activity, particularly on chains like Solana (SOL) and Base.  This…

The post Millions Lost! Base Network Hack Exposes DeFi Security Gaps appeared first on Coinpedia Fintech News The recent breach at Grand Base, resulting in a loss of over $2 million, highlights the vulnerabilities in networks like Base. In the fast-paced world of decentralized finance (DeFi), where innovation meets risk, understanding such breaches is crucial. Grand Base, known for its ability to transfer assets across different chains, fell victim to a complex cyberattack, revealing a major flaw in the Base…

Octoblock’s ICO holders are all smiles as USDC stablecoins drip into their wallet addresses through the high APY ICO staking process. Octo ICO staking yields an APY of 185.5%, an impressive return, higher than Ethereum staking yields of 4%. Currently running an exciting ICO, Octoblock’s rich package of offerings is attracting mass adoption to the DeFi space.  Octoblock Explained Octoblock is a comprehensively packaged DeFi platform on the Binance Smart Chain. Its strive for accessibility and inclusivity in the DeFi…

The post Crypto Pumps Or DeFi Investor Chumps, This Is Your Guide To Smog, Kelexo and New Scorpion Casino Listing appeared first on Coinpedia Fintech News While navigating the uncharted territory of new projects carries inherent risk, there’s undeniable potential for outsized returns. Research firm Messari reported that in 2023, the average return for early-stage venture capital investments in blockchain was a staggering 287%, significantly higher than traditional venture capital returns. This statistic underscores the potential rewards for identifying promising…

The Solana crypto recently went into a frenzy, as it climbed by 776.4% year-to-date (YTD). This engaged an optimistic outlook for the broader crypto market. As many began to see the positive uptrend for the overall market, traders and investors began to diversify their holdings.  Out of the many DeFi coins available however, 5 gained significant attention both due to their recent price uptrend, alongside their technologies and overall innovations. Today, we will explore KangaMoon (KANG), Lido DAO (LDO), Aave…

[PRESS RELEASE – Bankstown, Australia, April 15th, 2024] Xuirin Finance has recently presented its DeFi card, an innovative solution designed to merge the functionalities of traditional debit and credit cards with the decentralized financial services provided by DeFi. The introduction of this card aims to facilitate daily transactions using cryptocurrencies, enhancing their integration into the global payment ecosystem. Overview of Xuirin Finance’s DeFi Card The DeFi card from Xuirin Finance allows users to engage in a variety of financial transactions,…

The post Ethereum Staking Only Gives 4%, Octoblock DeFi Hit 180% Staking During ICO appeared first on Coinpedia Fintech News Octoblock’s high ICO staking rewards attract a huge investor base as its 185.5% APY beats Ethereum’s 4%. Ethereum The second-largest cryptocurrency and largest altcoin is in the limelight and attracts significant attention to the possibility of an Ethereum exchange-traded fund (ETF) approval. This comes following Bitcoin’s ETF approval of 11 spot applications in January. ETH expects to enjoy mass adoption…