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NFT & DEFI
This Network Had as Many Users as Ethereum in 2023: Flipside Data
Polygon, a layer-2 scaling network, nearly matched Ethereum’s user base in 2023, as reported by blockchain analytics firm Flipside.
Polygon acquired 15.24 million users that year, coming close to Ethereum’s 15.4 million,…
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More Platforms Targeted, Less Loot in 2023
In recent years, there has been an increase in cyber attacks linked to North Korea, with groups like Kimsuky and Lazarus Group employing various malicious strategies to obtain significant amounts of crypto assets.
Last…
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Binance Labs Thrives Amidst Market Challenges with 25 New Investments in 2023
Despite a challenging market and waning trust in centralized crypto entities, Binance Labs disclosed 25 new investments in 2023.
In the latest report, Binance Labs primarily focused on decentralized finance (DeFi), Web3…
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Crypto Loans Surpass RWA as Main Revenue Drivers for MakerDAO
The crypto sentiment seems to have flipped bullish after last year’s gains, and one MakerDAO data point may suggest that optimistic leveraged bets are making a comeback.
The data point in question is MakerDAO’s revenue…
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dYdX Overtakes Uniswap in Daily Transaction Volumes
Decentralized exchange (DEX) dYdX has made headlines by surpassing Uniswap, a long-standing leader in the sector, to become the platform with the largest 24-hour trading volume.
This achievement is particularly…
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Fantom Cuts Staking Requirements By 90% in a Bid to Bolster Security
Back in June of 2023, the Fantom Foundation held a vote to determine whether the network should maintain its minimum staked token requirement at 500k FTM tokens or slash it by 90% in a bid to increase the spread of the…
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Web3 Apps Surged 124% in 2023, According to DappRadar
The dApp industry experienced unprecedented growth, with DappRadar’s 2023 Industry Report revealing a 124% year-over-year increase in Unique Active Wallets (UAW).
The report provides an overview of the dynamic landscape,…
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Wintermute OTC Trading Volume Records 400% Growth in 2023: Report
Wintermute – the popular market maker and liquidity provider – witnessed continued growth in all business verticals in 2023 despite the market downturn.
In a new report, the platform said that its over-the-counter (OTC)…
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CFTC Report Reveals DeFi’s Achilles’ Heel: Lack of Accountability
In its recent report, the Commodity Futures Trading Commission (CFTC) underscored a fundamental issue within DeFi systems, pointing to the absence of clear lines of responsibility and accountability intentionally…
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Privacy Token Liquidity Hits Record Low of $5 Million Amid Market Volatility, Report
A new report by Kaiko reveals that the liquidity for privacy tokens has plummeted to an all-time low of just $5 million.
This drop follows the delisting of several trading pairs by OKX for not meeting certain criteria.…
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