Hype cycles can work wonders for token prices and social media statistics, but they also bring increased pressure on developers to launch a functioning product that validates its rising market cap. As nonfungible tokens took center stage over the past six weeks the decentralized finance (DeFi) sector took a break from the spotlight as developers refined their protocols and sought out interoperable, Ethereum network alternatives. Data from CoinGecko shows that the total value locked (TVL) on all DeFi platforms has steadily grown since the market pullback at the end of February, with the TVL for the entire DeFi sector now …

The crypto market continues to search for scaling solutions as decentralized finance (DeFi) applications struggle with surging fees, but some alternative solutions are piquing investors' interest. For example, Nervos Network has enticed investors' appetites with a 341% rally in a month. The project also carries the Chinese government's stamp of approval, further increasing the odds for this project's future relevance. Nervos Network is a blockchain project based in China that supports layer-two scaling solutions. Since its inception, the project has sought to target decentralized finance (DeFi) and asset tokenization. The Nervos Common Knowledge Base (CKB) network provides a Turing-complete virtual …

Finance Redefined is Cointelegraph's DeFi-centric newsletter contextualizing major events in the previous week. Subscribers receive a copy every Wednesday. Editor's Note This is one of those weeks where it’s hard to find a central topic for this newsletter. There weren’t any big scandals or releases, more like a slow grind with a few projects launching new features, others announcing their fancy investment round, while every celebrity and their mother keeps dropping nonfungible tokens, or NFTs. Snoop Dogg is the latest, I believe? I suppose a fair question to ask is, “Why NFTs and not decentralized finance?” The answer is money. …

Delta Exchange, a cryptocurrency derivatives platform, has successfully concluded a $5 million private sale of its native Delta Exchange Token (DETO), setting the stage for wider adoption of its retail derivatives marketplace. Some well-known names in decentralized finance, or DeFi, participated in the private sale, including Aave Ventures. Kyber Network. Sino Global, LuneX Ventures, BR Capital and others also participated in the sale. At the time of writing, the total market capitalization of DeFi projects was $88.2 billion, marking an increase of 12.5% on the day. In addition to the token launch, Delta announced Tuesday that it has activated its …

Yield farming has grown in popularity over the past year alongside the rise of decentralized finance, but recently the ability to earn a good return has been limited by the high transaction costs on the Ethereum (ETH) network. As a result, yield farmers have begun exploring options outside the Ethereum network for more accessible opportunities in a low fee environment. One option that has shown steady growth in liquidity since launching is Flamingo Finance (FLM), a DeFi platform based on the Neo (NEO) blockchain and the Poly Network interoperability protocol. Flamingo aims to become a full-service DeFi platform and the …

The world’s top decentralized exchange, Uniswap, is currently beating out Bitcoin’s daily fee generation by more than 50%. According to the data tracking website, CryptoFees, the leading Ethereum-powered decentralized exchange Uniswap has generated more than $4.8 million worth of fees over the past 24 hours. This has propelled the automated market maker into second place above Bitcoin — which has generated just $3.1 million. The top network by daily fees is Ethereum with $16.5 million — which beats out the other 30 other networks tracked by CryptoFees combined. It appears Uniswap’s dominance over Bitcoin may be short-lived, with Bitcoin beating …

Decentralized finance has taken a back seat to nonfungible tokens over the past month but this hasn’t stopped the top DeFi projects from developing and strategizing how to grow their ecosystems and market share. One project that has outperformed the field as of late is PancakeSwap (CAKE), the Binance Smart Chain-based automated market maker (AMM) that allows users to exchange tokens and earn a portion of fees through yield farming. According to a recent report from Delphi Digital, several factors have played a significant role in helping the PancakeSwap ecosystem grow in recent months and analysts predict that the protocol …

As the decentralized finance (DeFi) industry grows, new exchanges and liquidity pools constantly emerge. For the average investor, keeping track of all of them and finding the best yield opportunities has become increasingly complicated. The situation becomes even worse as centralized exchanges also offer staking opportunities. Therefore, the need for a liquidity aggregator that connects to several decentralized and centralized exchanges has become quite clear. Orion Protocol aims to provide access from a single platform for users to trade and swap pools. Instead of competing with exchanges, the service aggregates order books and liquidity into one decentralized platform. When in …

Decentralized exchange SushiSwap has announced the "rolling release" of Kashi, a specialized lending platform specifically designed for margin trading on the exchange, and BentoBox, a dual-purpose yield vault. Kashi aims to let traders borrow assets for creating leveraged long and short positions, similarly to other lending platforms like Compound or Aave, and BentoBox will enable users to earn interest from farming liquidity pools while simultaneously using the same tokens to contribute to lending pools. According to SushiSwap CTO Joseph Delong, SushiSwap’s Kashi aims to be more specialized than other lending protocols, allowing a wider selection of assets available for borrowing. …

Finance Redefined is Cointelegraph's weekly DeFi-centric newsletter, delivered to subscribers every Wednesday. Uniswap V3 was publicly announced yesterday and I didn’t really get a chance to write about it, so I wanted to dedicate this newsletter to a review of V3 and the AMM space in general. My initial reaction to Uniswap V3 in one, brutally honest word, was “meh.” But it got better when I read further into it, so let’s unpack what’s happening here. Uniswap V3 is a solid upgrade and it’s clear that a lot of work went into it. But it under-delivers compared to the hyped …

The amount of collateral on decentralized exchanges, or DEXs, is nearing a milestone high of $10 billion, with Uniswap still sitting at the top of the heap. Volumes and liquidity on decentralized exchanges have surged in 2021, with collateral approaching a milestone high of $10 billion, according to research by Messari. Researcher Rahul Rai noted that DEX volumes for February soared to a record $72 billion. DappRadar reports that Uniswap has over half of the total liquidity locked up in DEXs, with a total value locked of $5.4 billion. Rai added that despite their success, automated market makers face their …

It really doesn’t seem like the decentralized finance sector is planning to slow down its development in 2020. Interest in the sector is still growing despite high Ethereum transaction fees, and the total value locked in the space continues to break all-time highs, recently reaching $51 billion. 1inch is a decentralized exchange, or DEX, aggregator that came onto the DeFi scene in the later part of 2020. The platform’s algorithm searches for the cheapest exchange rates among the DEXes that are integrated into its ecosystem. 1inch also runs the Mooniswap automated market maker. According to data, January was the biggest …