In a significant blow to the decentralized finance (DeFi) sector, the Sushi DeFi protocol has fallen victim to its second exploit this year. The protocol’s Chief Technology Officer (CTO), Matthew Lilley, has issued a stark warning to users, advising them to refrain from using any decentralized applications (dApps) until further notice. Sushi And Zapper Frontends…
The Sui (SUI) Foundation has announced its latest initiative to strengthen its decentralized finance (DeFi) ecosystem, reclaiming 117 million SUI tokens worth $51.3 million from external market makers. The tokens will be redirected into various channels to support the growth of the Sui Network. This Layer 1 blockchain has gained recognition for its scalability since its mainnet…
Algorand (ALGO) has recovered from the bearish trend seen at the end of February 2023. From February 21 till May 8, ALGO recorded a loss of 45.13%, dropping to a low of $1.592. Despite the crash, buyers still pushed up the price of ALGO by more than 6% in the past few days. Traders are optimistic…
According to a tweet by TRON (TRX) on January 10, the network has displayed an impressive performance as it is currently ranked second in terms of total value locked (TVL) in the entire crypto space. TRON’s TVL has reached $9.2 billion by end of 2022, TRON DAO disclosed. TRON chief executive to extend help to…
According to a tweet by TRON (TRX) on January 10, the network has displayed an impressive performance as it is currently ranked second in terms of total value locked (TVL) in the entire crypto space. TRON’s TVL has reached $9.2 billion by end of 2022, TRON DAO disclosed. TRON chief executive to extend help to…
The Ethereum Merge remains one of the most anticipated events in the crypto space. The upgrade was scheduled to happen on September 15, 2022. It was a long-awaited blockchain transition as it moved from PoW to PoS. The change will merge the Beacon Chain and the Ethereum mainnet to become a single blockchain. As an…
While the crypto market remains in its winter, some other sectors in the industry are experiencing a steady rise, one of the prominent examples of these sectors is the operational teams in the Polygon network. As of March this year, its total monthly active teams were around 8,000. However, recent data shows that the current…
The price of Cardano (ADA) surged and plunged on the same day, starting with the excitement around the launch of its first decentralized exchange, the DEX SundaeSwap, then following the downtrend of Bitcoin. SundaeSwap’s Wins And Failures ADA’s price had been up around 10% in the last week tied to the launch of Cardano’s beta…
Activity on the Matic Network has gone into overdrive of late. The project recently finalized Phase 1 of its mainnet launch by adding third-party staking validators into the mix. The list of external validators available so far includes Infosys, Chain Guardians, Biconomy, and Torus. Current available staking validators. (Source: wallet.matic.staking) The firm recently tweeted that…
TRON CEO, Justin Sun took to Twitter to pitch the release of TRON 4.0, dubbed the era of the Great Voyage. It will take place at the Global Release Online Conference on July 7th, 2020.5 days countdown of Great Voyage: #TRON 4.0 Global Release Online Conference on July, 7, 2020 13:00(UTC)Platforms:🟡DLive:https://t.co/Y1eqltI8f5🔵Periscope:https://t.co/Dc7BFx4O4C🔴YouTube:https://t.co/wmSNWffxMu (Justin Sun)https://t.co/B9npITjFyw(TRON Foundation)#TRONZ pic.twitter.com/KbVm0ZxveH—…