Cryptocurrency Analysis and News Portal
On Tuesday morning, Ardana, a stablecoin and lending hub on Cardano, announced an agreement with NEAR protocol, a layer 1 Ethereum alternative. Per a press release provided to CoinDesk, Ardana received a grant from NEAR to build a crosschain bridge between Cardano and NEAR. Original Source
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C3 Protocol, a cryptocurrency trading project linked to the Algorand blockchain, has raised $3.6 million led by Arrington Capital and Jump Capital.C3′s ambitious plan to allow decentralized finance (DeFi) liquidity to flow across blockchains was also backed by Golden Tree Asset Management, Cumberland, ParaFi Capital, Mechanism Capital, Borderless Capital, Node
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Growth Ecosystem, a primary DeFi cross-chain farming protocol, has finally launched on Avalanche, one of the world’s fastest-growing blockchain ecosystems. The Growth Ecosystem launched on November 13, with a revolutionary new hybrid bridge system for its incentives token, $WHEAT, as well as a self-repaying loan feature for its overcollateralized stable
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The crypto industry is experiencing a massive upswing. With assets like Bitcoin and Ethereum hitting new all-time highs, and other cryptos following in their wake, it seems like a matter of time before mass adoption is imminent. However, the industry needs some technological improvements before it can be broadly accepted by
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Decentralized finance (defi) protocols continue to shine as the total value locked in defi is over $260 billion. While Ethereum started the defi trend and holds the lion’s share of TVL in defi, a great number of decentralized applications (dapps) are supporting a slew of alternative blockchains. Today’s Most Popular Dapps
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On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest dominance of TVL in defi, a number of alternative blockchains are seeing significant increases every week. Moreover, the TVL in
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Wormhole, a communication bridge between Solana and other top decentralized finance (DeFi) networks, has added user interface support for the Terra network.The move allows users to port digital assets between Terra, Solana (SOL), Ethereum (ETH), and Binance Smart Chain (BSC) via a single unified interface without the need to double
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XDEFI offers access to chains such as THORChain and Terra and aims to allow users to move between protocols easily and automatically add new chains. Support for the Arbitum, Avalanche and Solana blockchains will be added in due course, XDEFI said Tuesday. Original Source
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Cross-chain decentralized exchange (DEX) THORSwap appears to be on the path to recovery after the THORChain network was taken offline following major exploits just three months after entering its guarded launch.The Cosmos-powered network aims to support decentralized trades executed across different blockchain networks such as Bitcoin (BTC) and Ethereum (ETH).
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The decentralized finance (DeFi) ecosystem has grown exponentially during the past few years. Beginning with the launch of Ethereum (ETH) in mid-2015, application developers across the globe began to write smart contracts to support a wide range of decentralized applications (dApps). A few years later, other platforms such as EOS
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