Study finds 90% of leading DeFi tokens held in 500 wallets.
90% of the available supply of DeFi tokens is concentrated in 500 wallets, according to the study by CryptoLab Digital Assets Investments head Simone Conti.
Study finds 90% of leading DeFi tokens held in 500 wallets.
90% of the available supply of DeFi tokens is concentrated in 500 wallets, according to the study by CryptoLab Digital Assets Investments head Simone Conti.
DApps Bulletin: DeFi Frenzy and Risks on the Horizon
For ForkLog, DappRadar analyst Ilya Abugov outlined the most significant events in the decentralized applications sector over the past month.
Opinion: Ethereum spam transactions linked to algorithmic trading
An architectural quirk of the leading Ethereum client, Geth, has led, over the past six months, to a widespread practice of flooding the network with spam transactions aimed at protecting traders' profits. This was stated by Hendrik Hofstadt, co-founder of Certus One, in a comment to CoinDesk.
Genesis Capital Doubles Crypto Loan Portfolio in a Quarter
Lender Genesis Global Capital, oriented to institutional investors, released a fresh quarterly report. For April–June, crypto loans issuance hit a record $2.2 billion, lifting the outstanding balance to $1.4 billion by early July. Yield farming was the driver.
SEC to expand monitoring of the cryptocurrency market in DeFi
US Securities and Exchange Commission (SEC) plans to analyse the properties of functioning smart contracts underpinning the decentralized finance (DeFi) space. The tender for the purchase of the relevant analytics tool is posted on the US government contracts portal.
DeFi platform Opyn loses $371,000 in hack
Hackers siphoned about $371,000 of user funds from the DeFi platform Opyn, exploiting the vulnerability in the project’s internal token, oTokens.
Huobi Invests Tens of Millions of Dollars in the DeFi Sector
The operator of the Huobi cryptocurrency exchange has established a fund to invest in the DeFi sector. According to CoinDesk, the fund's assets total tens of millions of dollars.
The yEarn Finance clone token has devalued, failing to attract the original’s hype
The yffi finance (YFFI) token lost 99% of its value in two days. Another 'copy', yfii finance (YFII), fell 87.6% from the peak set three days ago. The original yEarn Finance (YFI) remains stable amid the collapse of imitators.
Over five years, Ethereum transactions total $1 trillion
Since Ethereum's inception in July 2015, the cumulative value transferred through its network has reached $986 billion. The Block reports this, citing data from analytics firm CoinMetrics.
Total assets in DeFi protocols exceed $4 billion
The total value locked in DeFi services has surpassed $4 billion. The most popular asset remains Maker, whose dominance index is over 30%.
Study Finds DeFi Aggregators Likely to Keep Rising in Popularity
According to Messari researchers, roughly 20% of the total trading volume on non-custodial Ethereum exchanges is generated by so-called DeFi aggregators.
Media: Polychain and Three Arrows Invest Seven-Figure Sum in DeFi Project KeeperDAO
KeeperDAO, the DeFi-sector liquidity provider, attracted more than $1 million in seed funding. The funding round was led by Polychain Capital and Three Arrows Capital. The Block reported, citing co-founder Tian-tian Kullander.
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