DeFi | ForkLog

ForkLog 10 07.04.2025

Mantra Team Launches $108 Million Fund to Support RWA and DeFi

The developers of the L1 network Mantra have launched the Mantra Ecosystem Fund (MEF) with $108.9 million to foster projects in the realms of real-world asset tokenization (RWA) and decentralized finance (DeFi). Today, we’re announcing the launch of the MEF — a $108,888,888 million investment initiative designed to propel real world asset innovation, adoption and […]

AI translated

ForkLog 30 07.04.2025

Market Correction Triggers $106 Million Ethereum Whale Liquidation

A major Ethereum holder faced a forced position closure of 67,570 ETH ($106 million) on the DeFi platform Sky after the collateral ratio fell below the liquidation threshold. As $ETH plummeted, the 67,570 $ETH($106M) held by this whale on #Maker was liquidated!https://t.co/kXSkKh1H0P pic.twitter.com/IDjzbQ8P3z — Lookonchain (@lookonchain) April 7, 2025 The catalyst was a 12.5% drop […]

AI translated

ForkLog 148 04.04.2025

DeFi TVL and NFT trading slump in Q1, says DappRadar

The number of active users of decentralised applications fell by just 3% in Q1. DeFi protocols’ TVL plunged 27%, while NFT market trading volumes dropped 24%. The dapps ecosystem lost more than $2bn to hacks and scams. In the first quarter of 2025, TVL in DeFi protocols fell by 27%, NFT trading volume declined by […]

AI translated

ForkLog 63 31.03.2025

Cunning Attack on SIR.trading Protocol Wipes Out TVL

On March 30, the DeFi protocol SIR.trading on the Ethereum network, also known as Synthetics Implemented Right, lost $355,000 of its TVL due to a hack. Analysts from TenArmorAlert and Decurity were the first to notice the incident. The latter reported that the target of the “cunning attack” was a function of the “vulnerable contract […]

AI translated

ForkLog 152 31.03.2025

Experts Unveil Details of Oracle Manipulation Attack on Venus Protocol

Vulnerabilities in vaults have led to losses for DeFi protocols due to oracle manipulation. Chaos Labs presented an analysis of the attack on Venus Protocol, which resulted in losses of approximately $716,000. On February 27, an attacker executed a donation attack based on a flash loan, borrowing about $4 million from Aave. The attacker used […]

AI translated

ForkLog 31 28.03.2025

Dolomite DeFi Protocol Expands into Bitcoin Ecosystem

The decentralized lending platform Dolomite is launching within the Bitcoin ecosystem through the integration of the EVM-compatible Layer 2 solution Spiderchain from Botanix Labs. We’re excited to announce that Dolomite is expanding to @BotanixLabs! ?️ The first decentralized EVM L2 on Bitcoin will be the newest home for our next-gen money market protocol, bringing DeFi-native […]

AI translated

ForkLog 40 27.03.2025

Linear Finance to Cease Operations Amid Financial Struggles

The DeFi project Linear Finance has announced its closure due to financial difficulties. Notice of Closure After careful consideration, Linear Finance has made the difficult decision to cease operations. Despite our ongoing efforts to innovate and build throughout the years, the project has struggled to generate sustainable returns. Outside of a brief period of… — […]

AI translated

ForkLog 13 27.03.2025

US Senate Backs Repeal of Data Collection Mandates for DeFi Platforms

The US Senate voted to repeal a cryptocurrency taxation rule that required DeFi platforms to collect and provide user data. A resolution introduced by Congressman Mike Carey and Senator Ted Cruz concerning the IRS regulation on “gross income reporting by brokers regularly providing services for the sale of digital assets” was endorsed by the House […]

AI translated

ForkLog 27 25.03.2025

Abracadabra Finance Protocol Suffers $13 Million Hack

Hackers have stolen 6260 ETH (approximately $13 million) from the pools of the DeFi project Abracadabra Finance, according to analysts at PeckShield. .@GMX_IO @MIM_Spell related contracts have been hacked for ~6,260 ETH (worth ~$13M) pic.twitter.com/LZzMADWB3n — PeckShield Inc. (@peckshield) March 25, 2025 The hackers targeted lending markets where GM tokens from the decentralized exchange GMX […]

AI translated

ForkLog 81 24.03.2025

Will BTCFi fuel bitcoin’s next leg up?

Decentralised finance on bitcoin (BTCFi) no longer looks like an enthusiasts’ fantasy — it is a fast-developing, promising segment. Over the past year the segment’s TVL has surged by roughly 2,400%, from $0.3bn to a peak of $7.47bn (December 2024), putting the nascent ecosystem in the top five on DeFi Llama rankings. BTCFi signals a […]

AI translated

ForkLog 75 20.03.2025

DeFi + AI equals DeFAI: the market’s new equation

Decentralised finance lacks simplicity. For people outside Web3, engaging with DeFi protocols—and grappling with liquidity, staking yields and complex trading strategies—remains difficult. To ease newcomers in and enhance the experience for crypto financiers, developers have turned to AI. Thus the DeFAI narrative emerged. ForkLog explores the symbiosis of today’s AI and DeFi trends, unpacks new […]

AI translated

ForkLog 31 18.03.2025

Ethena Labs and Securitize Launch New EVM Blockchain Converge

The issuer of the stablecoin USDe, Ethena Labs, and the RWA platform Securitize have announced the launch of the Converge blockchain, designed to support and promote DeFi and tokenized assets. Introducing @convergeonchain: The settlement network for traditional finance and digital dollars, powered by @ethena_labs and @Securitize Our vision is to provide the first purpose built […]

AI translated

#DeFi