Uniswap Price Skyrockets After Foundation Proposes Long-Awaited Staking Rewards
Decrypt News » DeFi
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1d ago
Uniswap (UNI) has surged in price following a proposal by the Uniswap Foundation to overhaul the protocol's governance system. The 16th-largest cryptocurrency by market cap is up by just over 50% in 24 hours, according to CoinGecko. Its price now stands at $11.20. That jump makes it the best performing token today among the top 100 cryptocurrencies. The reason is due to a proposed "large-scale upgrade to Uniswap protocol governance to incentivize active, engaged, and thoughtful delegation," deve ..read more
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Solana Weekly DeFi Trading Sets All-Time High Above $11 Billion
Decrypt News » DeFi
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1d ago
Trading volume on Solana-based decentralized exchanges (DEXs) blew past an all-time record this week, cementing the Ethereum rival’s place among the top beneficiaries of the crypto market’s current, steadily escalating bull run.  Over the period of February 24 to March 2, more than $11.19 billion worth of digital assets were traded on Solana decentralized exchanges, according to data compiled by Defi Llama. That figure is up over 154% from the preceding seven-day period. Those figures far exceed ..read more
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Blast: 7 of the Hottest Projects and Airdrops on the Ethereum Scaler
Decrypt News » DeFi
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1d ago
Just two days after the launch of Blast, an Ethereum layer-2 network from the founder of dominant NFT marketplace Blur, hundreds of millions of dollars have flowed into newly created protocols living on the network—and buzz is growing about several other projects emerging in the ecosystem.  The network already boasts a total value locked (TVL) north of $2.4 billion, according to the Blast website. Many users have flocked to Blast in order to capitalize on future airdrops that may reward early us ..read more
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Jupiter Surges 35% as JUP Holders Stake $123 Million to Pick Next Solana Token Launch
Decrypt News » DeFi
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1d ago
The native token of Solana-based decentralized exchange (DEX) aggregator Jupiter surged Thursday, apparently aided in part by the platform's rollout of an incentivized voting mechanism for community members to choose which tokens will next debut via its launchpad.  JUP is up 35% in the last 24 hours to almost $0.78 at writing, according to CoinGecko. The pump has pushed the token’s market cap back over $1 billion after being below that mark across all of February. The jump, the steepest in the t ..read more
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Starknet Activity Falls Sharply Following Ethereum Airdrop Hype
Decrypt News » DeFi
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1w ago
After Starknet saw a surging number of active wallet addresses around last week's airdrop announcement, the number has fallen substantially in recent days as the actual drop approaches. The Starknet airdrop dominated the headlines last week, both for the ample size of the drop but also the frustration some community members felt once the finer details were revealed. Starknet is set to proceed with the airdrop tomorrow, February 20, and will distribute STRK tokens to almost 1.3 million eligible w ..read more
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NFT Lender Arcade Reveals Airdrop for Ethereum, Solana, and Bitcoin Collectors
Decrypt News » DeFi
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1w ago
Arcade, the Ethereum-based DeFi protocol for NFT lending, will launch the next airdrop of its native ARCD token next week, the company has announced.  On February 21, bundles of 750 ARCD tokens will be airdropped to 4,000 lucky holders of select NFT and Bitcoin Ordinals collections frequently used as loan collateral on Arcade. Some 2,000 wallets holding Ethereum-based NFTs Pudgy Penguins, Lil Pudgys, and Sappy Seals will be randomly selected for the airdrop’s allowlist.  Another 2,000 wallets ho ..read more
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Solana DeFi Tops $2 Billion in Value Locked for First Time Since June 2022
Decrypt News » DeFi
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1w ago
Interest in decentralized finance (DeFi) on Solana is surging—and the total value locked on the blockchain just passed the $2 billion mark again. Figures from DeFi Llama show that the amount of money being used on DeFi apps running on Solana is now $2.062 billion. The last time it was that high was back in June 2022. At the start of December, that figure stood below $1 billion. Still, the Solana DeFi space has a long way to go until it reaches the highs of the 2021 bull run, when total value loc ..read more
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People Are Making Absurd Crypto Bets on the Super Bowl and Taylor Swift
Decrypt News » DeFi
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3w ago
All eyes are on the Super Bowl this week—which means, invariably, copious amounts of degen speculation is also along for the ride. On crypto-backed prediction gambling site Polymarket, users have already staked hundreds of thousands of dollars worth of crypto on bets concerning America’s biggest sporting event, on matters ranging from the routine to the ridiculous.  Many of the bets center on the celebrity couple that’s dominated NFL coverage this season: Kansas City Chiefs tight end Travis Kelc ..read more
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Starkware CEO Dismisses Starknet Airdrop, Token Unlocks Controversy: 'We Build Different'
Decrypt News » DeFi
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3w ago
After announcing key details regarding its hotly anticipated STRK token airdrop this morning, Ethereum software firm Starkware found itself on the back foot after crypto users raised ethical questions about how quickly after the launch the network’s investors and contributors will be able to sell off massive STRK positions. But in an exclusive interview with Decrypt, Starkware’s CEO pushed back against detractors, doubled down on the Starknet airdrop roadmap, and explained why he believes it wil ..read more
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LFG: Jupiter Reveals Which Tokens It Could Launch Next on Solana
Decrypt News » DeFi
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3w ago
After launching a native token and an independent meme coin, Solana-based decentralized exchange (DEX) aggregator Jupiter announced Wednesday that it may launch at least three other tokens via its launchpad in the near future. In a characteristically extensive Twitter post, Jupiter’s pseudonymous founder Meow outlined three “OG” Solana projects that seek to launch their own tokens with the aid of Jupiter’s “LFG Launchpad.”  Those projects include Sanctum, a liquid staking service; Sharky, a plat ..read more
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