Publicly Traded Korean Firm Neowiz To Build Games on Avalanche Network
Intella X, Neowiz’s Web3 arm, has joined Avalanche Arcad3 to build blockchain games in the crazed market.
DeFi
DeFi Protocol Synapse Responds to Selling Pressure With 17% Bounce
The native token of Synapse, a decentralized finance (DeFi) protocol designed to transfer data to cross-chain bridges, has bounced by more than 17% from a low of $0.30 after a liquidity provider sold its SYN tokens on Monday.
Aerodrome Fanatics Deposit $150M to Base Blockchain on First Day
Its creators hope to emulate the apparent success of Velodrome, one of Optimism network’s most used platforms which holds over $288 million in locked value.
Traders Are Paying 2,000% to Buy CYBER as Social Network’s Tokens Soar
The price of the tokens has more than doubled on some exchanges in the past week in an otherwise little-changed market.
PancakeSwap Version 3 Goes Live on Ethereum Layer 2 Linea Mainnet
PancakeSwap v3 introduces advanced Swap and Liquidity Provision functionalities, enabling users to trade tokens seamlessly and maximize capital efficiency.
DeFi Shrinks to Multiyear Low as the Crypto-Fueled Future of Finance Falters
The supposed future of finance is going backward. The amount of money stashed in decentralized finance, or DeFi, protocols has dwindled to the lowest level since February 2021, according to data compiled by DefiLlama. Specifically, total value locked, or TVL, has slumped to $37.5 billion, slipping below the previous post–bull market nadir of $38 billion … Read more
Balancer Depositors Pull Nearly $100M in Crypto After Vulnerability Warning
One of Ethereum’s top decentralized crypto trading projects, Balancer, is urging some of its customers to withdraw their tokens after the discovery of a critical vulnerability that could place tens of millions of dollars in crypto at risk. They’re listening in a big way: “People are withdrawing fast,” said Xeonus, a pseudonymous contributor. The protocol’s … Read more
Social Platform Friend.tech Gains 100K Users in Days Even in Depths of a Bear Market
Social platform Friend.tech, which lets holders buy “shares” of people who hold an account on X, formerly known as Twitter, and grants the buyers certain privileges, has surged to more than 100,000 addresses since its Aug. 10 launch according to a database created by Yearn Finance developer @Bantg. The database, listed briefly on GitHub and … Read more
The Protocol: Blockchains Keep Launching, From Sei to Shibarium
Past eras of crypto development were marked by a rapid proliferation in protocols for decentralized finance (DeFi) or other purposes, built atop big blockchains like Ethereum. Recently, however, there’s been a mini-explosion in new blockchains, including so-called layer-2 networks built atop Ethereum. The trend is encapsulated in this week’s launch of the Sei network – … Read more
Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth
Shibarium hopes to lure users to a low-fee ecosystem focused mainly on financial services and gaming. The Ethereum layer-2 network will utilize BONE, TREAT, SHIB and LEASH tokens for applications built on the blockchain, which could lift the prices of these tokens as demand increases. Shiba Inu developers on Wednesday were set to push live … Read more