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Balancer is the Fastest-Growing DeFi Platform since June 1

7 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Head of cryptocurrency investment fund DTCC Capital Spencer Noon posted a tweet on July 7 that underscores the growth that the defi market has experienced in June, with numerous protocols displaying tremendous growth since June 1. The data can also b...

Market Surprises as There is Now More DAI in Compound than Its Total Supply

6 Jul 2020 1 minute read 3 comments Abhimanyu Krishnan

The amount of DAI on-chain has been eclipsed by the amount of DAI locked in the Compound Finance (COMP) protocol. Dan Yanev, COO of the DeversiFi exchange, pointed out the interesting development on Twitter on July 3, which can be confirmed by taking...

Uniswap with Most Defi Users, ConsenSys Report Shows

3 Jul 2020 1 minute read 13 comments Abhimanyu Krishnan

A new report published by blockchain software company ConsenSys shows that the Uniswap protocol continues to have the largest number of users, followed by the Kyber Network (KNC) protocol. The two protocols also had the greatest number of shared user...

Crypto.com Sees Roughly 50% Growth in Users in the Past Two Months

3 Jul 2020 1 minute read 4 comments Abhimanyu Krishnan

Cryptocurrency payments platform and card issuer Crypto.com (CRO) has seen its userbase increase to over 3 million, according to CEO Kris Marszalek. Marszalek revealed the change in response to questions posed by CoinDesk, as a part of its First Move...

Huobi Wallet Becomes Chainlink Node

3 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

Huobi Wallet will run a Chainlink Node, after the exchange announced on June 3 that it would undertake a “two-part integration” with Chainlink (LINK).  First, Huobi will make its exchange price data with Chainlink’s oracles. As a result, developers...

bZx Offers Details on BZRX Governance Token Model

2 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

The bZx team has unveiled the details on the new economic model of its BZRX governance token, in a blog post published on June 28.  Saying that the token had involved from its early vision as both a governance token and medium of exchange to strictl...

MakerDAO Partners with Italy's Young Platform for Defi Adoption

2 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Italian cryptocurrency platform Young Platform has revealed a partnership with MakerDAO on June 29. The partnership will focus on “comprehension and mass adoption of Defi”, with Young Platform educating the Italian market on the DAI stablecoin throug...

Synthetix Introduces Binary Options Trading With Acrux Upgrade

2 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Synthetic asset platform Synthetix (SNX) recently upgraded its protocol with two improvement proposals, according to a post published on June 30. The release, called ‘Acrux’, sees SIP-53 and SIP-48 bring changes to binary options and stale rates resp...

Defi Startup The Graph Completes $5M Token Sale Involving Coinbase Ventures, DCG and Others

1 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

On June 30, defi startup The Graph announced that it had completed a $5 Million token sale that involved Coinbase Ventures, the Digital Currency Group, Framework Ventures, Multicoin Capital, DTC Capital and others. The Graph had also raised $2.5 mill...

0x Officially Launches DEX Matcha

1 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

The 0x (ZRX) development team has officially launched its decentralized exchange (DEX) Matcha on June 30, according to a blog post. The 0x protocol, which offers tools for developers they can use at their own decentralized exchanges, has largely exis...