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DeFi applications use smart contracts to provide financial services, such as trading, lending, and borrowing, to users. Concerns loomed among traders and developers after the exploit. "If nobody backs it and the coins are truly gone then Wormhole ETH is worth 0," George Harrap, founder of Solana DeFi platform Step
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Phantom also revealed that it now has 2 million active users on its platform within six month.Developers of the Solana Web3 wallet app, Phantom, have announced that they raised $109 million in the second series of funding ed by Paradigm. This elevates the company into a unicorn status with a
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The past couple of months have not been kind to cryptocurrencies. The sector's aggregate market capitalization plunged 50% from a Nov. 10 peak at $2.87 trillion to the current $1.44 trillion. Solana's (SOL) downfall has been even more brutal, presently trading at $88 after a 66% correction since its $260
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Alfprotocol is, in fact, a group of protocols created to provide decentralized capital across and between investors and traders to maximize the provision of liquidity with leverage and without. The protocol will provide unleveraged products in the form of AlfMM (a decentralized exchange service) and AAlf (an overcollateralized borrowing service). On
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An Innovation Offered By Alfprotocol, Making Full Use Of Bonding Curves Alfprotocol is a Solana protocol for the capital deployment of liquidity provision and yield farming, with and without leverage. The protocol includes implementing an invariant-based Automated Market Maker protocol and a money market for short-term loans for exchange activities. The Solana
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The top cryptocurrencies by market capitalization keep changing over time as the industry matures. Solana (SOL) has seen its value skyrocket so far this year and has been consistently processing over 2,500 transactions per second.The cryptocurrency’s price, according to TradingView data, is up nearly 13,000% year-to-date as the year started
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Solana (SOL) price is meeting resistance near its all-time high again, but solid fundamentals and the impressive growth of its decentralized finance (DeFi) and non-fungible token (NFT) ecosystem are likely to drive the altcoin above $250 before year-end.SOL/USDT 1-day chart. Source: TradingViewInstitutional investor interest is likely a key factor behind
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The auto-approve feature, for example, instantly initiated crypto transactions between wallets and trusted web apps. It cut out seconds by eliminating prompts for Phantom’s 700,000 users. That could be critical in time-sensitive scenarios, like minting a non-fungible token (NFT) or executing a decentralized exchange (DEX) trade. Source
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