Decentralized finance (DeFi) was the talk of the town in early 2021, but it has since taken a back seat to more appealing sectors like nonfungible tokens (NFTs), memecoins and blockchain gaming. Now that cross-chain bridges and interoperability have allowed for the easier migration of assets to competing chains, a new class of DeFi protocols is arising to challenge those left from 2021. Here’s a look at three DeFi projects that have launched on some of the up-and-coming layer-1 blockchain networks, catching the eye of the crypto community. VVS Finance VVS Finance is the largest DeFi protocol on the Cronos …

The decentralized exchange aggreagator 1inch Network introduced peer-to-peer, or P2P, order functionality within the 1inch decentralized application, or dApp. This feature allows users to specify the person or wallet that will fill the other side of the trade, as opposed to over-the-counter, or OTC payments where 1inch matches the order with a taker. 1/ It’s time to broaden the scope of DeFi services available to our users! #1inch is happy to introduce a #P2P feature, which facilitates ️ secure #crypto swaps between individual users. Read more ⤵️https://t.co/CoH2YhvC69 — 1inch Network (@1inch) March 3, 2022 According to the company website, this …

As reported by local news outlet tass.ru, the Central Bank of Russia once again suspended trading on the nation's leading Moscow Stock Exchange (MOEX) on Wednesday, and will not open the exchange on Thursday. Trading on the MOEX has been halted since Feb. 25, after Russia launched its ongoing military occupation of Ukraine. On a monthly basis, the exchange's index has lost over 34% of its value (not adjusted for inflation), as Western leaders imposed crippling sanctions on Russia in response to the conflict. In addition, MOEX's main website has been knocked offline since Monday, with Ukraine's IT Army allegedly …

Bonfida, a multifunctional infrastructure built around Solana blockchain, has announced that their Solana Name Service, or SNS, will be integrated into cryptocurrency exchange FTX, in a bid to expand the former's digital footprint and adoption rate. Alongside the SNS, Bonfida are recognized within the industry their for deployment of the inaugural decentralized exchange, or DEX, on Serum in September 2020, as well as presently serving as an API on-chain data analytics service to the Solana ecosystem, in addition to orchestrating governance mechanisms through their native FIDA token, among other functions. The Solana-centric SNS platform has enabled in excess of 150,000 …

Decentralized finance (DeFi) has the opportunity to democratize access to financial markets that have typically only been open to the rich and powerful. But, DeFi will only survive and continue to grow if we take steps to ensure things are safe, private and fair for both retail and institutional investors. When faced with predatory market behaviors such as miner extractable value (MEV) and front-running attacks it opens up old wounds to a “Flash Boys” era of traditional finance. DeFi can and should do better by not allowing the failures of the past to come creeping back into the future. Fortunately, …

The decentralized finance (DeFi) industry continues to reach unprecedented highs, with daily volume of transactions increasing on a regular basis. Unfortunately, in spite of the billions of funds currently being crossed back and forth, decentralized exchanges (DEXs) are filled with apparent and invisible costs that are a hindrance to market activity. Consequently, the future of DeFi requires eliminating the high transaction costs and limited functionality often associated with traditional DEXs. Among them is slippage, the price difference between a cryptocurrency’s quote price and the trader’s actual paid price. This is in addition to limited liquidity, expensive gas costs, lack of …

Just between July 2020 and June 2021, ransomware activity soared by a whopping 1,070%, according to a recent Fortinet report, with other researchers confirming the proliferation of this mode of extortion. Mimicking the prevalent business model of the legitimate tech world, ransomware-as-a-service portals popped up in the darker corners of the web, institutionalizing the shadow industry and slashing the skill ceiling for wannabe-criminals. The trend should be ringing a warning bell through the crypto ecosystem, particularly since ransomware attackers do have a knack for payments in crypto. That said, the industry that was once a Wild Wild West is now …

Part of what makes trading cryptocurrency so complex is the sheer number of blockchains and exchanges at play. For example, users who want to transfer a Binance (BNB) token that exists on Binance Smart Chain (BEP-20) may have to go through several steps to achieve their end result of LUNA tokens on the Terra network. Especially when considering new users, this process may require significant time searching and comparing decentralized finance (DeFi) tools. Even advanced users must consider how they will track wrapped tokens blockchain fees and learn the ropes of multiple UIs. In fact, a quick look on Twitter …

Trading perpetual futures contracts in decentralized apps is a crypto sub-sector ripe for growth, especially as discussions of regulation, taxation and mandatory KYC at centralized exchanges continue to take place. One DEX platform that has begun to gain traction is Injective (INJ), an interoperable layer-one protocol designed to facilitate the creation of cross-chain Web3 decentralized finance (DeFi) applications. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $3.91 on Feb. 3, the price of INJ has rallied 157.8% to a daily high of $10.08 on Feb. 11 amidst a 1,756% spike in its 24-hour trading …

Centralized exchanges continue to be among the most used tools for investors to buy, sell and exchange cryptocurrencies, a reality often likened to the level of security and monitoring the third party can provide to the end-user. Consider that thousands or even hundreds of thousands of dollars can be lost without a centralized exchange if the investor forgets their key. While many see the benefits of centralized exchanges, the concept is misleading when compared to the decentralized assets that investors use in their transactions. Along with centralization has come several hacks, fraud, market manipulation and artificially inflated trading volume. For …

When analyzing Ether's (ETH) price chart, one could conclude that the 3-month long bearish trend has been broken for a few reasons. The current $3,100 price range represents a 43% recovery in 15 days and, more importantly, the descending channel resistance was ruptured on Feb. 7. Should Ether bulls start celebrating and calling for $4,000 and higher? That largely depends on how retail traders are positioned, along with the Ethereum network's on-chain metrics. For instance, is the $30-plus transaction fee impacting the use of decentralized applications (dApps), or are there any other factors that will prohibit Ether's price growth? Since …

There are a number of challenges for the development of blockchains in their current state. Data sources are limited, economic models have not been verified, prediction scenarios are restricted by the performance of the blockchain, and the interactions between the information itself are not communicated effectively. Plug Chain is a high-performance public chain that aims to solve these challenges and critically improve intercommunication between public chain contracts using cross-chain technology. Cointelegraph talked to a founder of PlugLink Funds, Joey Huang, or as he prefers to be called, Mr. Joey, about the Plug Chain objectives, solutions it can provide, and how …