DeFi | ForkLog - Part 12

ForkLog 10 04.12.2024

HYPE Token from Hyperliquid Triples in Value Within Five Days Post-TGE

On December 4, the price of HYPE, the token of the decentralized trading platform (DEX) Hyperliquid, surpassed $12. Over the past five days since the TGE, the asset has tripled in value. HYPE is essential for staking within the HyperBFT PoS consensus mechanism and serves as a fee for processing transactions in the HyperEVM execution […]

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ForkLog 16 03.12.2024

Bitcoin free banking: from utopia to reality

In Galaxy’s November report on Bitcoin layer-2 (L2) solutions, the firm weighed DeFi’s prospects on Bitcoin. Analysts estimate the segment’s TVL at $50 billion by 2030 (2.3% of the annual supply of digital gold at today’s price). Who will supply liquidity to Bitcoin-based L2s in the coming years, and how? Oleg Cash Coin investigates. Bitcoin […]

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ForkLog 16 03.12.2024

Hyperliquid Joins Top 10 DeFi Platforms by Locked Value

Four days after its genesis airdrop, the decentralized trading platform Hyperliquid, featuring three protocols within its ecosystem, achieved a TVL of $1.353 billion. This placed the project in 10th position, according to DeFi Llama. Hyperliquid surpassed Aptos ($1.239 billion) and Polygon ($1.153 billion). Source: DeFi Llama. During the airdrop, the team distributed 274,153,917.65 HYPE among […]

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ForkLog 5 29.11.2024

Matrixport Foresees a DeFi Renaissance with Trump’s Return

As Donald Trump assembles a pro-cryptocurrency administration, the United States may be on the brink of a potential revolution in the DeFi sector, according to Matrixport. #MatrixOnTarget Report? — Nov 29: #Trump’s Advocates: The Three MenShaping A New #Financial (Crypto) Era#Matrixport #Crypto #cryptomarket #MarketWatch #CryptoInvestors #BTC #ETF pic.twitter.com/wHqKPWsF89 — Matrixport Official (@Matrixport_EN) November 29, 2024 […]

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ForkLog 15 25.11.2024

DeSci Compared to 2019’s DeFi Market by Expert

Protocols in the DeSci space are experiencing a phase akin to the DeFi sector in 2019, according to Andrew Kang, founder of venture firm Mechanism Capital. The DeSci space right now feels like the early 2019 DeFi days. Everything is still raw, experimental, but there’s an underlying understanding from this involved that there is massive […]

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ForkLog 9 20.11.2024

Study Reveals Lack of Decentralization in DeFi Market

Liquidity on decentralized exchanges is concentrated in the hands of a few major providers, diminishing the democratization of access to the DeFi market. These findings were shared by analysts from the BIS in a report. Researchers examined the 250 largest liquidity pools on Uniswap V3 and concluded that a small group of players holds about […]

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ForkLog 55 18.11.2024

Hacker Returns $25.5 Million to Thala in Exchange for $300,000 Reward

On November 15, developers of the DeFi protocol Thala on Aptos recovered $25.5 million in stolen digital assets after reaching an agreement with the hacker. Important Announcement On November 15th 2024, Thala suffered a security breach as a result of an isolated vulnerability in the latest update to v1 farming contracts, allowing the exploiter to […]

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ForkLog 59 15.11.2024

“Our task is to help people extract more from this bull run.” An interview with GoMining CEO Mark Zalan

In mid-September the developers of the GoMining app launched Miner Wars, a mode that gamifies Bitcoin mining. Since then, about 25,000 users have joined, making in-game purchases of more than $500,000 using the GOMINING utility token. We spoke with GoMining CEO Mark Zalan about democratising mining through NFTs and the growing interest in Bitcoin-based DeFi. […]

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ForkLog 39 14.11.2024

BlackRock Expands BUIDL Integration to Multiple Blockchains

BlackRock has integrated its tokenized money market fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), with Aptos, Arbitrum, Avalanche, Optimism, and Polygon, as reported by The Block. Initially launched with Securitize, the structure was originally available on Ethereum. The initiative aims to enhance the potential of the BUIDL ecosystem. “Each blockchain opens its applications […]

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ForkLog 23 11.11.2024

DeltaPrime Suffers $4.8 Million Theft in ARB and AVAX Tokens

On November 11, the DeFi liquidity protocol DeltaPrime fell victim to a hack, resulting in the loss of Arbitrum (ARB) and Avalanche (AVAX) tokens valued at $4.75 million. Users have been advised to revoke permissions for active smart contracts. According to analysts at PeckShield, the exploit occurred due to a lack of input validation when […]

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ForkLog 9 08.11.2024

US Elections Trigger Surge in High-Risk Crypto Lending

The volume of outstanding high-risk loans in DeFi has surpassed $5 million, recovering after the threat of a complete liquidation of Curve founder Mikhail Egorov’s position, which exceeded $100 million. High-risk DeFi loans are surging as market sentiment drives demand for leverage. However, with the U.S. elections just concluded, heightened volatility remains a concern. Large […]

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ForkLog 10 07.11.2024

Solana’s TVL Surpasses $6.6 Billion, Marking a 360% Increase This Year

The total TVL of decentralized applications within the Solana ecosystem has more than tripled since the beginning of the year, nearing the figures of Tron.

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