What is DeFi? Why are DeFi news important, and why should you follow them?
DeFi, which stands for Decentralized Finance, can be defined as an ecosystem of financial applications that operate on the blockchain. The promise of cryptocurrencies is to make money and payments universal and democratically accessible to anyone, regardless of where they are in the world. The DeFi or Open Finance movement aims to take this concept one step further. Imagine a global and open infrastructure accessible to anyone worldwide with a smartphone and an internet connection, providing access to all the traditional financial services you use today (deposits, loans, trading, insurance, and much more).
DeFi is not actually a new concept; it emerged as a result of individuals and institutions analyzing traditional financial systems for years, identifying problems within those systems, and subsequently taking steps towards solutions. Over the past 2-3 years, Decentralized Finance has become one of the fastest-growing areas in the blockchain and cryptocurrency world, both in terms of the number of users and the value of assets invested. The majority of this growth has been built on the Ethereum blockchain.
As this industry has grown, developments within the sector have also accelerated. Different projects on different blockchains are working on Decentralized Finance (DeFi), and many people interested in this sector find it challenging to keep up with the latest developments.
While there are many opportunities in the industry, malicious actors are also creating their own opportunities in this emerging field. Therefore, caution is necessary, and it’s crucial to gather information from reliable sources about DeFi. Since this field is still in its early stages, even well-intentioned projects may have vulnerabilities. We strive to provide you with the most accurate updates and information about DeFi. You will find DeFi news and what you need to know on this page.
What is DeFi? Why are DeFi news important, and why should you follow them?
DeFi, which stands for Decentralized Finance, can be defined as an ecosystem of financial applications that operate on the blockchain. The promise of cryptocurrencies is to make money and payments universal and democratically accessible to anyone, regardless of where they are in the world. The DeFi or Open Finance movement aims to take this concept one step further. Imagine a global and open infrastructure accessible to anyone worldwide with a smartphone and an internet connection, providing access to all the traditional financial services you use today (deposits, loans, trading, insurance, and much more).
DeFi is not actually a new concept; it emerged as a result of individuals and institutions analyzing traditional financial systems for years, identifying problems within those systems, and subsequently taking steps towards solutions. Over the past 2-3 years, Decentralized Finance has become one of the fastest-growing areas in the blockchain and cryptocurrency world, both in terms of the number of users and the value of assets invested. The majority of this growth has been built on the Ethereum blockchain.
As this industry has grown, developments within the sector have also accelerated. Different projects on different blockchains are working on Decentralized Finance (DeFi), and many people interested in this sector find it challenging to keep up with the latest developments.
While there are many opportunities in the industry, malicious actors are also creating their own opportunities in this emerging field. Therefore, caution is necessary, and it’s crucial to gather information from reliable sources about DeFi. Since this field is still in its early stages, even well-intentioned projects may have vulnerabilities. We strive to provide you with the most accurate updates and information about DeFi. You will find DeFi news and what you need to know on this page.
The X account of EigenLayer, the re-staking protocol EigenLayer, which reached billions of dollars of TVL, especially with the interest it received in the last period of 2023, was hacked. In the fraudulent posts, airdrop was promised with trapped links.
The details of Donald Trump’s crypto project World Liberty Financial (WLF), one of the US presidential candidates, were announced with the Space broadcast at night. The broadcast, in which Donald Trump once again announced his support for the crypto world, lasted more than 2 hours. According to the details given, the project token will be WLFI. 63% of the tokens will be allocated to the general audience, 17% to user rewards and 20% to the project team and consultants.
EigenLayer, which made a big noise especially with its first token and airdrop announcement in April, announced its second airdrop programme. Within the programme, 86 million tokens will be distributed. Those who qualify will be able to claim their tokens on September 17.
After a whale yesterday sold all of the tokens he bought in 2021 at a serious loss, AAVE founder Stani Kulechov added new ones to his sales for months in the early morning. After these sales, 2 whales made AAVE purchases of $2.2 million.
While altcoins that could not keep up with Bitcoin’s rise in 2024 continued to lose value in yesterday’s market declines, an AAVE whale sold at a loss after 3.5 years of waiting. The whale lost his entire investment of $4 million.
Cryptocurrency whales are seen buying Aethir (ATH), a DePin coin. A whale bought a total of $2 million from 3 exchanges, and the famous entrepreneur Arthur Hayes bought $800 thousand Aethir from an exchange.
Decentralised blockchain and artificial intelligence platform Sahara Labs has received a total investment of $37 million from a group of institutions, including major companies. Pantera Capital and Polychain Capital led the funding round, while Binance Labs and Samsung Next also took part in the round. The company, which combines artificial intelligence and crypto, raised $6 million in a seed investment round 5 months ago.
While the Fed’s keeping interest rates constant once again and the developments in the Middle East caused Bitcoin to drop to $63,500 in the night hours, the purchases made by whales in the last 48 hours have not escaped the eyes. It is seen that Bitcoin and 2 altcoins come to the fore in purchases.
Whales’ interest in the tokens of the Ethereum ecosystem continues as time is running out for Ether spot ETFs, whose 19b-4 files were approved by the SEC in May but have not yet been opened for trading despite more than 1 month. Two whales made a huge purchase of 7 altcoins on the Binance exchange.
Mina, one of the cryptocurrency projects that uses Zero-Knowledge Proof, in other words, zero-knowledge proof technology, will launch an update tomorrow, which it describes as a “game-changer”. With this update, Mina will enable the verification of information from different blockchains and systems through a “universal proof layer”.