📣 DeFi TVL surpasses $90b for the first time in 3 months

According to data provided by DeFi Llama, the total DeFi TVL is currently sitting at $90.23 billion with a trading volume of $7.13 billion. The surge comes as the leading five protocols register gains. Lido, the leading liquid staking platform, saw its TVL rise by 0.4% in the past 24 hours, reaching $25.8 billion. It generated a revenue of $6.74 million—with $67.4 million in fees—over the past month.

Source

@DeFi_ICO_Invest

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✖️ dYdX Cuts Workforce by 35% Amidst DeFi Struggles: CEO’s Vision for Revitalization

Decentralized exchange dYdX has undergone a major reorg this week, cutting 35% of the team. CEO Antonio Juliano, who just returned after a 6 month break, posted on X (formerly Twitter) with a reflective post titled “Letting Go”.

Source

@DeFi_ICO_Invest

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🏦 Kraken expands into DeFi with new blockchain set for 2025

Kraken, a prominent cryptocurrency exchange, is set to unveil its new blockchain platform, Ink, in early 2025. The initiative marks a strategic shift towards decentralised finance (DeFi), empowering users to trade, borrow, and lend assets without intermediaries, a departure from Kraken’s traditional centralised operations. Ink aims to streamline DeFi access, making it more user-friendly and cost-effective.

Source

@DeFi_ICO_Invest

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💰 1inch, Bruce Lee family launch ‘seriousLee’ DeFi campaign

1inch, a decentralized finance (DeFi) platform, has partnered with the Bruce Lee Family Company to promote DeFi adoption through the “Take crypto seriousLee” campaign. The collaboration aims to achieve improved adoption in DeFi through Bruce Lee’s legacy while highlighting the shared values between 1inch’s technology and Lee’s philosophy.

Source

@DeFi_ICO_Invest

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💰 Bitcoin Project BOB Maps Out How the Original Blockchain Could Take Over DeFi

The developers behind BOB, a build-on-Bitcoin project, released a new "vision paper" Thursday outlining a design for a "hybrid layer-2" network they say could help to position Bitcoin – the oldest and largest blockchain – as the new foundation for decentralized finance (DeFi).

Source

@DeFi_ICO_Invest

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📣 Winklevoss-backed DeFi platform launches after $6.9M investment round

Azura, a new all-in-one crypto application aggregation layer, has launched with support from some of the most notable crypto founders. Azura, which brands itself as an onchain interfacing layer, launched on Oct. 22, aims to lower the entry barrier for new investors and enable them to trade any asset via decentralized finance (DeFi) applications.

Source

@DeFi_ICO_Invest

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💰 Bitcoin Staking Protocol Solv Integrates Liquid BTC With Solana’s Defi Ecosystem

The Solv Protocol has announced the integration of Liquid Bitcoin (LST) into Solana’s decentralized finance (Defi) ecosystem through its new product, Solvbtc.JUP. This initiative allows Bitcoin holders to participate in yield generation by depositing BTC or Wrapped BTC to mint Solvbtc, which can then be converted into Solvbtc.JUP, representing staked Bitcoin that accrues yield over time. The integration leverages the Jupiter Exchange, a decentralized platform on Solana, enabling users to earn BTC-denominated returns without sacrificing liquidity.

Source

@DeFi_ICO_Invest

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🇺🇸 DeFi can complement centralized financial systems, says Federal Reserve's Christopher Waller

Decentralized finance can complement centralized financial sectors, but won't serve as a replacement, said Federal Reserve Governor Christopher Waller. Technological progress can "drive efficiency gains in finance," Waller said on Friday at the 19th Annual Vienna Macroeconomics Workshop in Vienna, Austria. DeFi won't replace centralized finance, in part because intermediation is still needed, Waller said.

Source

@DeFi_ICO_Invest

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🚨 DeFi Lending Platform Radiant Capital Suffers $50M Exploit

Radiant Capital was hacked on Wednesday, resulting in losses exceeding $50 million. Several blockchain security firms have reported that the exploit occurred due to an apparent cyberattack targeting the platform’s smart contracts on both the Binance and Arbitrum networks. The incident was first detected by blockchain security firm Ancilia Inc., which reported suspicious activity on a Radiant Capital smart contract on the BNB Chain at 1:35 PM ET in an X post.

Source

@DeFi_ICO_Invest

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