Renzo Raises $17 Million to Expand Restaking Services and ERC-20 Support
TL;DR Renzo has successfully raised $17 million in funds led by Galaxy Ventures and Brevan Howard Digital Nova Fund. The funds will be used to...
Tag : DeFi
Solana Witnesses Surge in Restaking Activity Amid Growing Confidence in Validators
TL;DR Solana is experiencing a significant increase in restaking activity, with over 2.239 million $SOL tokens reinvested in validator v1.18.15. Validators play a crucial role...
DeFi Technologies Expands into Core Chain with Validator Node and Bitcoin Staking
tl;dr DeFi Technologies announces the creation of a validator node on Core Chain, a Bitcoin-powered blockchain compatible with EVM. The company will actively participate in...
UwU Lend Falls Victim to $19.3 Million Hack: Security Flaws Exposed
TL;DR UwU Lend, a DeFi protocol founded by Michael “Sifu” Patryn, has suffered a hack resulting in the loss of $19.3 million, according to reports...
Coinbase’s Base Ascends to New Heights in Layer-2 Arena
by jose
TL;DR Coinbase’s Base has hit a new record with its Total Value Locked (TVL) reaching $1.784 billion, surpassing its older counterpart, Optimism, and marking a significant milestone...
Nocturne Privacy Protocol Announces Gradual Shutdown: Vitalik Buterin’s Investment in Focus
by jose
TL;DR Shutdown Announcement: Nocturne Privacy Protocol, supported by Ethereum’s Vitalik Buterin, is shutting down gradually. Operations have been active since last year, and users can...
USDe Grows Rapidly and Seeks to Contest Leadership in the Stablecoin Market
TL;DR Ethena Labs’ USDe stablecoin has reached a $3 billion supply in just four months, thanks to its innovative arbitrage mechanics and yield-generating trading. Since...
Alex Labs Announces Recovery Plan and Enhanced Security Measures
TL;DR The Alex Labs platform announces a recovery plan and enhanced security measures after experiencing an exploit. The Foundation has outlined its roadmap to restore...
Uniswap and Across Protocol Propose ERC-7683: A Universal Cross-Chain Trading Standard
by jose
TL;DR Innovative Standard: Uniswap and Across Protocol propose ERC-7683, a new API standard designed to unify cross-chain trading and address liquidity fragmentation across Layer 1 and...
Metis (METIS) – A Formidable Contender in Layer 2 Solutions
by jose
TL;DR Market Growth & Competition: METIS has experienced a significant price rally, highlighting its growing presence in the Layer 2 market, where it competes with...