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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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