DeFi | ForkLog

ForkLog 65 30.05.2025

Base Rivals Solana with Nearly 1000 Transactions Per Second

Supported by Coinbase, the Layer 2 network Base reached a peak of 959 TPS against a theoretical limit of 1429 TPS. By comparison, Solana averages 931.2 TPS, with a peak of 2909 TPS, according to Chainspect. Data: Chainspect. At the time of writing, Base records 142.1 TPS. The spikes in network activity are driven by […]

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ForkLog 75 28.05.2025

Hacker Extracts $12 Million from Cork Protocol

A hacker exploited a vulnerability in the smart contracts of the DeFi protocol Cork Protocol, stealing $12 million in cryptocurrency, according to Cyvers Alerts specialists. ?ALERT?Our system has identified a $12M smart contract exploit, with @CorkProtocol potentially the victims. A malicious contract was deployed on May 28, 2025 at 11:23:19 UTC by an address funded […]

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ForkLog 38 27.05.2025

Bitlayer Partners with Major Mining Pools to Advance BTCFi

Bitlayer, a project developing a Layer 2 solution for Bitcoin, has partnered with leading mining pools Antpool, F2Pool, and SpiderPool to advance the BTCFi segment.

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ForkLog 90 27.05.2025

Alpaca Finance to Cease Operations by 2025

Alpaca Finance, once a leading protocol within the BNB Chain ecosystem, has announced it will completely cease operations by December 2025. After extensive internal deliberation and a thorough evaluation of possible paths forward, we have made the incredibly difficult decision to begin sunsetting Alpaca Finance and all of its products. This choice wasn’t made lightly, […]

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ForkLog 9 26.05.2025

Synthetix and Derive Call Off $27 Million Merger

The DeFi platform for synthetic assets, Synthetix, and the decentralized options protocol, Derive (formerly Lyra), have abandoned their $27 million merger deal. The SIP-415 and DIP proposals to merge Synthetix and Derive have been mutually withdrawn following thoughtful discussion and community feedback. This moment reaffirms our independent path and the community’s belief in it. Derive […]

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ForkLog 41 23.05.2025

Jupiter Team Launches Jupiter Lend Lending Protocol

The developers of the Solana-based DEX aggregator, Jupiter, have unveiled a lending platform named Jupiter Lend, according to The Block. This initiative is part of a partnership with colleagues from Fluid within the Ethereum ecosystem. The team has begun forming a waiting list. The “lending protocol” Jupiter Lend will enable “one-click” deposits, while the “vault […]

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ForkLog 328 21.05.2025

edgeX Launches Ecosystem Focusing on Non-Custodial and Private Trading

DeFi project edgeX has unveiled an ecosystem for tokenized assets and margin trading, according to a press release. The edgeX team has not allocated project tokens to external funds. The only way to acquire them is through the edgeX Points program, which rewards active users and community members. The project offers a comprehensive solution based […]

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ForkLog 56 21.05.2025

Bancor Team Sues Uniswap Over AMM Patent Use

The developers of the decentralized exchange (DEX) Bancor have filed a lawsuit against competitor Uniswap, seeking damages for the alleged infringement of its patent. According to the lawsuit, the defendant used the automated market maker (AMM) without permission and profited significantly from it. Bancor patented the technology developed in 2016 in January 2017. Uniswap employed […]

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ForkLog 73 14.05.2025

Synthetix to Reintegrate Derive Options Protocol in $27 Million Deal

The team behind the DeFi platform for synthetic assets, Synthetix, has proposed the acquisition of a former ecosystem project—the decentralized options protocol Derive (formerly Lyra). As part of our full-force drive towards Synthetix v4 on Ethereum mainnet, a new proposal has just dropped: Synthetix to acquire @derivexyz Perps & options Exchange https://t.co/wC7jRyCJqR… Let’s break it […]

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ForkLog 57 13.05.2025

Curve Finance Confirms DNS Server Compromise

On the evening of May 12, attackers breached the interface of the DeFi platform Curve Finance, redirecting the domain to a malicious IP address of a phishing site equipped with a drainer capable of emptying wallets. Late last night, the curve [.] fi domain was compromised at the DNS level. This exploit redirected traffic to […]

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ForkLog 61 12.05.2025

DeFi Lending Protocols Surpass DEX in Volume

The volume of funds in lending DeFi protocols has reached record levels in the current market cycle, while decentralised exchanges (DEX) have continued to lose ground. Aave leads among protocols. Data: DeFi Llama. The total TVL of such projects amounts to $53.3 billion—43% of the overall $124.6 billion in the industry. Aave leads with $24 […]

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ForkLog 90 12.05.2025

Uniswap Surpasses $3 Trillion in Cumulative Trading Volume

Uniswap has become the first decentralized exchange (DEX) to achieve a cumulative trading volume of $3 trillion. Uniswap is the first DEX to $3T volume ? Bet its the first to 10 Grateful to everyone who swapped along the way as we decentralize the global finance system ? pic.twitter.com/945Ab0Jpsl — Hayden Adams ? (@haydenzadams) May […]

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