Major Phishing Scam Hits MakerDAO Delegate

A significant security breach has occurred in the DeFi space, where a MakerDAO delegate lost $11 million in tokens due to a phishing scam. The attacker used sophisticated phishing tactics, tricking the delegate into signing fake transactions, leading to the loss of various…

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ZkSync’s Gemholic Project Suspected of $3.5M Rug Pull

The DeFi community is currently investigating a potential rug pull involving the Gemholic project on ZkSync, with suspicions of $3.5 million being misappropriated. Efforts are underway to trace the project's contract creator's address, which appears to have b…

3. Cross-Chain Technology

High transaction fees and scalability issues on the Ethereum network have driven the development of cross-chain technology. This innovation allows transactions and smart contracts to move between different blockchains, making DeFi more scalable and efficient. Polkadot and Avalanche are lea…

1. Growth in Financial Products

DeFi continues to expand with a focus on financial products like insurance, derivatives, and collateralized lending. These products aim to bring more traditional financial instruments into the decentralized world, making DeFi more accessible and versatile for users.

2. Monetizing Bl…

DeFi Total Value Locked Reaches $192 Billion

According to DappRadar, the total value locked (TVL) in DeFi protocols has surged to $192 billion, marking the first time in 15 months it has reached this level. This increase is attributed to the appreciation of ETH and a rise in trading activity, reflecting growing con…

Ethereum Layer 2 Adoption Skyrockets with New Uniswap V2 Pools

Ethereum Layer 2 solutions are seeing a surge in adoption, particularly with the introduction of new Uniswap V2 pools. These developments are designed to improve scalability and reduce transaction costs on the Ethereum network, making DeFi applications …

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