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Sam Kazemian, the founder of Frax Finance, has announced that their Layer-2 solution, Fraxtal, is set to launch in February 2024. He expects it to attract hundreds of millions of USD in deposits upon release. In an interview with CoinDesk, Sam Kazemian, founder of the DeFi project Frax Finance, revealed
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On the evening of January 16, 2024, Chainlink, the leading oracle project in the cryptocurrency industry, announced that its cross-chain support protocol, Chainlink CCIP, has integrated with Circle's Cross-chain Transfer Protocol (CCTP) to provide users with a secure and reliable way to move the stablecoin USDC across different
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Socket, the developer behind the Bungee bridge, has confirmed that their cross-chain solution was hacked, resulting in a $3.3 million loss. Update on January 23: In a recent announcement on the afternoon of January 23, Socket revealed that they have recovered 1,032 ETH (valued at $2.3 million)
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Manta Pacific, the layer-2 blockchain developed by Manta Network, has officially surpassed Base, the layer-2 solution by Coinbase, becoming the fourth largest Ethereum scaling solution by Total Value Locked (TVL). Manta Pacific, the layer-2 blockchain of Manta Network, has reached a TVL peak of $850 million. TVL Trends of Manta
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On-chain data has recently surfaced, accusing the Polygon Foundation of lacking transparency in their token allocation process. Data tracking entity ChainArgos has highlighted discrepancies in the token allocation to the Staking Contract as per the initial plan. Specifically, instead of the staking contract balance growing from 400 million tokens to
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The Lido Finance community has recently seen a proposal to launch a dedicated blockchain for Liquid Staking operations, aiming to increase the value accumulated for the project's native token. The proposal, named "The L1do Blockchain," was introduced on Lido's forum, outlining a plan to
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A new proposal could provide an opportunity to capture a share of the Solana DeFi market, grow the user community, and increase TVL and protocol revenue for Aave if approved. The Neon Foundation and the Aave-Chan Initiative are considering a proposal to deploy a Minimum Viable Product (MVP) version of
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The restaking project EigenLayer will continue to raise the token deposit cap for Liquid Staking Tokens (LSTs) on its platform while announcing three new supported assets. EigenLayer has expanded its support to include three new Liquid Staking Tokens (LSTs): sfrxETH (from Frax Finance), mETH (from Mantle), and LsETH (from Liquid
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In a recent discussion on Reddit, Vitalik Buterin made new proposals regarding the gas limit on Ethereum. The Ethereum founder suggested increasing the maximum gas limit per block by 33%. Based on current figures, this proposal would raise the limit from 30 million gas to 40 million gas. @VitalikButerin just
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The Starknet community has overwhelmingly approved a proposal to use the STRK token for transaction fees. Starknet Approves Use of STRK Token for Transaction Fees In a vote concluded on January 8, the Starknet community passed a proposal to allow the use of the STRK token for transaction fees on
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Leading Ethereum lending protocol Aave is seeking community input on supporting PayPal's PYUSD stablecoin. Since its launch in August 2023, PYUSD, the stablecoin issued by global digital payments giant PayPal, has struggled to find its footing in the cryptocurrency sector. Consequently, its issuer Paxos has been working on
defi
The U.S. Commodity Futures Trading Commission (CFTC) has published a report on DeFi, urging authorities to thoroughly study how to regulate the DeFi industry. In a comprehensive 79-page report on DeFi, the CFTC detailed the challenges facing DeFi and proposed solutions for policymakers to begin their research. CFTC Commissioner