DeFi
Abracadabra Finance’s MIM stablecoin falls from peg after $6.5M hack
The total value of assets locked on Abracadabra has tanked by more than $10 million following the incident.
Oluwapelumi Adejumo 2 min read
DeFi News
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dYdX native token surpasses $3 as it becomes top DEX by daily volume
The DEX volume surpassed that of notable rivals like Uniswap.
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CFTC says DeFi poses ‘serious risks’ due to lack of accountability
According to the report, the lack of accountability and transparency in DeFi protocols pose substantial threats to consumer and investor protection, financial stability, and market integrity.
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Arbitrum DEXs daily transaction volume eclipse Ethereum, Solana
Uniswap's daily volume crossed a billion for the first time on a layer2 network via the transactions on Arbitrum.
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Osmosis hits $1 billion in monthly volume as interest in Cosmos surges
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PancakeSwap community passes proposal to reduce token supply by 300M
The proposal, which closed on Dec. 29, garnered an overwhelming 97.88% approval rate from the voting community.
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PancakeSwap’s CAKE token jumps 10% as proposal gains traction to practically half the max token supply
PancakeSwap's team explained that the token reduction will help the project gain market share.
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KyberSwap cuts staff by 50% after $54M exploit
KyberSwap has responded to a major security breach with deep cuts, halting KyberAI development and liquidity initiatives.
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Solana DEXs momentarily outpace Ethereum amid surge in memecoin, stablecoin activity
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