Tag: DeFi

Sui Revealed as Top Destination for DeFi Inflows Over the Last 30 Days – Blockchain News, Opinion, TV and Jobs

Grand Cayman, Cayman Islands, February 15th, 2024, Chainwire Wormhole data shows nearly $310 million in assets bridged from Ethereum to Sui over the last month — more than all other blockchains combined. Sui, a Layer 1 blockchain that has experienced explosive growth since its inception nine months ago, is seeing a substantial migration of funds from Ethereum to the Sui ecosystem, with nearly $310 million worth of assets flowing through the Wormhole Portal in the past 30 days. The data is issued by wormholescan.io, which tracks the flow of funds…

DeFi Shouldn’t Have to Worry About the SEC’s Expanded Broker Rule

Traditionally, there has been a distinction between investors, who make directional trades (i.e. betting some stock will go up or down) and dealers, typically large institutions that buy both sides of the market to provide liquidity for those traders. The old definition of a broker included any company “engaged in buying and selling securities … as a part of a regular business,” with “regular business” essentially referring to the service of market making. Source

Solana Price Eyes $120 as SOL DeFi Volumes Beats ETH, ARB

Solana price moved above the $100 milestone on Jan. 30; rising defi volumes and positive sentiment surrounding the upcoming Jupiter airdrop could propel it further. On Jan. 30, Solana’s price briefly broke the $100 barrier for the first time in 2024. However, barely 48 hours later, on Feb. 1, crypto prices dipped after Fed Chief Jerome Powell made a statement hinting at postponing rate cuts beyond March 2024 as widely predicted.  Solana price fell 12.5% on Fed Chief Jerome Powell’s statements In the aftermath of the Federal Open Market Committee…

Crypto Startup Velar Plans Perpetual Swaps Exchange for Bitcoin DeFi After Raising $3.5M

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DEFI Token Hits Seven Major Exchanges – A Milestone Achievement

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January 30, 2024 – Dubai, United Arab Emirates DEFI token secures listings on the seven most popular crypto exchanges, including ByBit, KuCoin, Gate, MEXC, Bitget and Bitmart. Trading will start on January 31, 2024. De.Fi, the largest Web 3.0 super-app, excelled with the most prominent public sale in 2023, raising a staggering $17 million. Today, the team unveiled the thrilling news to their dedicated community. The highly anticipated DEFI token is set to make its debut on seven top-tier exchanges, including ByBit, KuCoin, Gate, MEXC, Bitget and Bitmart. The listing event…

Sui Becomes a Top 10 DeFi Blockchain as TVL Tops $430M

The total value locked (TVL) has jumped by more than 1,000% in four months, catapulting the blockchain above more established incumbents such as Bitcoin and Cardano, as well as Coinbase’s layer-2, Base. The dollar value of cryptocurrencies deposited in its decentralized finance (DeFi) protocols topped $430 million, making it the 10th-largest blockchain by TVL, Sui said. As of writing, it had slipped to No. 11, behind PulseChina, DeFi Llama data show. Source

Sui Blasts into DeFi Top 10 as TVL Surges Above $430M – Blockchain News, Opinion, TV and Jobs

GRAND CAYMAN, Cayman Islands, January 30th, 2024, Chainwire In the past four months, Sui TVL has jumped by more than 1000%, vaulting the network past Base, Cardano, and Bitcoin in its meteoric DeFi rise Sui, a leading Layer 1 blockchain that was created by the team that led Meta’s Diem crypto project, continued its blistering DeFi growth, surpassing $430M in Total Value Locked (TVL) and moving into the top 10 blockchains by that metric. Alongside this torrid ascent of TVL, on-chain activity has exploded as well. Weekly DeFi volume is…

What Are The Top 8 DeFi And Web3 Wallets To Use In Crypto?

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In this article, we will explore the finest Web3 and DeFi wallets that offer substantial advantages to crypto users. While Web3 wallets and DeFi wallets share a strong connection, it’s important to understand their distinctions. By highlighting the top wallets in both categories, we aim to provide users with valuable insights into the wallets that can enhance their Web3 and DeFi experiences. Web3 wallets are specifically crafted to engage with decentralized applications (DApps) on blockchain networks, empowering users with the essential tools to securely oversee their digital assets and participate…