DeFi | ForkLog - Part 13

ForkLog 39 02.01.2025

Net deposits at DeFi protocol Aave surpass $34bn

Over the past 30 days, net deposits on Aave reached $34.35bn, a new record among lending protocols.

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ForkLog 36 31.12.2024

AI Leads Crypto Market Gains in 2024, Reports CoinGecko

In 2024, the most profitable narrative in the crypto industry was AI, with a return of 2940%. Memecoins and RWA followed with 2185% and 820%, respectively, according to CoinGecko. The most profitable crypto narratives in 2024 are AI, which recorded the highest average price gains of 2,940% YTD, followed by memecoins which saw returns of […]

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ForkLog 42 30.12.2024

Hyperliquid Introduces HYPE Staking

The developers of the decentralized exchange Hyperliquid have announced the launch of a staking mechanism for their native token, HYPE, on the mainnet. Staking is now live on mainnet. Staking is an important milestone for Hyperliquid because it allows the diverse community of HYPE stakers to collectively secure the network. Like other proof of stake […]

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ForkLog 18 30.12.2024

US Tax Authority Faces Lawsuit Over DeFi Broker Regulations

The Blockchain Association, Texas Blockchain Council, and DeFi Education Fund have petitioned the court to prevent the US Internal Revenue Service (IRS) from enforcing information disclosure rules on DeFi companies. 1/ Yesterday, @blockchainassn @fund_defi @texasblockchain_ filed a lawsuit against the IRS challenging yesterday’s finalization of the broker rule. The rule violates the Administrative Procedure Act […]

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ForkLog 55 27.12.2024

EVAA and TON Foundation Introduce Negative Interest Loans in USDT

The lending protocol EVAA Protocol and TON Foundation have launched a DeFi program offering rewards amounting to 100,000 TON (~$570,000), according to a press release. The program comprises two phases: Borrow rewards. Participants can take loans in USDT with negative interest rates, secured by TON, tsTON, and stTON; Supply rewards. As borrowing volumes increase, the […]

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ForkLog 34 24.12.2024

North Korean Cyber Threats Trigger $249 Million Outflow from Hyperliquid

On December 23, the TVL of the Hyperliquid platform decreased by $249 million to $2.08 billion, according to Dune Analytics. This followed activity by North Korean hackers on the platform and speculation about a potential breach. Data: Dune Analytics. The community speculated that the perpetrators might gain control over most validators, similar to the Axie […]

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ForkLog 11 23.12.2024

Concerns Arise Over Potential Hyperliquid Breach

Several users on X have noted that wallets linked to North Korean hackers are actively trading on the DEX Hyperliquid. Among those commenting was MetaMask wallet developer Taylor Monahan. DPRK’s trading career is…uh….going…..? tbh if i was the dude managing Hyperliquid’s 4 validators (or those fucking ghetto ass binaries on gh) I would be shitting […]

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ForkLog 12 17.12.2024

Hyperliquid Sees $1 Billion USDC Inflow Following Airdrop

Since the genesis airdrop of the native token HYPE on November 29, the Hyperliquid platform has experienced a net inflow of $1 billion in USDC. This was highlighted by Spot On Chain. ? #Hyperliquid is on fire! Since $HYPE‘s TGE on November 29, a massive $1B net inflow of $USDC has entered this chain. The […]

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ForkLog 17 10.12.2024

A customised future: collateralised indices as a foundational model for Web3 derivatives

Many still think of indices as nothing, but “market‑movement gauges”, often confusing them with indicators. In fact, Web 3.0 and Web3 enable remarkably intricate and interesting models. Web3 entrepreneur Vladimir Menaskop explains them for ForkLog readers. Why indices—and collateralised ones at that? The answer becomes clear if you study crises, especially that of 2008. One […]

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ForkLog 23 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 17 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 27 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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