Aave’s Lens Protocol, aspiring to decentralize the social media landscape, has successfully secured $15 million in funding to bolster its mission of democratizing internet usage and offering users greater control over their data. Lens Protocol, a web3 platform developed by the technology firm...
AngelBlock, a web3 fundraising platform for cryptocurrency, has announced SOLA-X as its inaugural fundraising project. Qualified investors may participate in the token sale, which is scheduled to commence by the end of this month. SOLA-X is building a cross-chain decentralized finance (DeFi) hub that...
Jimbo, a decentralized finance (DeFi) protocol allowing users to earn interest on their digital assets, is the latest to suffer an attack resulting in the loss of 4,090 ethereum (ETH), worth $7.5 million, a Peckshield update on May 28 shows. The protocol deployed...
Blur’s peer-to-peer perpetual non-fungible lending protocol Blend, focused on NFTs, has seen massive growth since inception, with the protocol’s loan volume hitting close to 170,000 in under 30 days. Blend controls 82% of NFT lending share According to DappRadar, Blend’s total loan volume...
A proposal to combine the world’s largest decentralized autonomous organization, BitDAO, with the Ethereum-based layer-2 scaling protocol, Mantle, has been approved. The approval on May 19 sets the stage for BitDAO’s existing products, ecosystem, and native token, BIT, to change its branding to...
Lightning Labs, a leading Lightning Network infrastructure firm, has unveiled an enhanced edition of the Taproot Assets Protocol, offering users a potentially more efficient method for minting new assets on the blockchain. The protocol addresses the current inefficiencies and network congestion associated with...
MakerDAO, a leading decentralized autonomous organization (DAO) on the Ethereum blockchain, announced the launch of its Spark Protocol on May 9. The lending platform aims to enhance the liquidity and yield-bearing capabilities of its DAI stablecoin. In a Twitter thread on May 8,...
Blur has launched Blend, the expiry-less peer-to-peer perpetual lending protocol for NFTs, to increase liquidity for NFT holders. Blend – a solution to post-purchase NFT liquidity Blur, the self-proclaimed NFT Marketplace for pro traders, has rolled out a peer-to-peer perpetual ending protocol for...
The total value locked (TVL) in Liqwid Finance is up 80% in April, an update on April 30 shows. Liqwid Finance is a non-custodial money market allowing users to borrow and lend digital assets without an intermediary. Liqwid Finance’s TVL rises 80% in...
As the cryptocurrency market continues to evolve, new projects are emerging, capturing the attention of investors and enthusiasts alike. One such project is DigiToads that’s behind the TOADS token. This deflationary utility meme coin offers features such as a play-to-earn (P2E) game, non-fungible...