Chainlink and Aave, two major DeFi-related cryptocurrencies, are surging strongly in tandem with Bitcoin. Aave surpassed $200 for the first time in history, solidifying its position as the fourth-largest DeFi token behind Uniswap (UNI). Chainlink keeps its position as the biggest DeFi token by market capitalization, valued at around $9 billion....
The decentralized finance (DeFi) space has seen extreme growth this year, as evidenced by the $15 billion worth of capital now sitting in this space's contracts. Further, tokens pertaining to the DeFi space have seen extremely strong performances this past year. Early venture investors in decentralized API protocol The Graph (GRT) are...
All eyes have been on Bitcoin over the past few weeks. Just last week, the coin set a new all-time high on most top exchanges, reaching $19,950 on spot platforms and even surmounting $20,000 in the CME's Bitcoin futures market. Further, the coin has seen an influx of institutional support from some of Wall Street's biggest names....
Leading decentralized finance protocol Aave has just rolled out its biggest update yet: v2, or version 2.0. This update has been hyped for a long time, as many expect it to begin turbocharging the growth of the protocol. Through Aave, Ethereum DeFi users can easily lend and borrow top digital assets like ETH and stablecoins. The protocol currently has a total locked value...
If you've been following Ethereum Twitter over the past few days, you've likely seen the term "blue chip" mentioned time and time again in reference to certain DeFi projects. In traditional finance, a blue-chip company is one that is seen as reputable and steady, with the ability to perform well in any market conditions. The same goes for crypto. The reason why so...
As the short-term future of decentralized finance (DeFi) coins has become uncertain over recent days, analysts and investors in the space have weighed in on what they think comes next. Many assert that the fundamentals of this space are better than ever. Case in point: the total value locked in DeFi contracts recently hit an all-time high above $12 billion despite the...
The past seven days have actually been quite mediocre for top coins in the decentralized finance (DeFi) space. Compared to Bitcoin and Ethereum, which both have gained around 15 percent in the past seven days, many DeFi coins have oscillated around a zero percent weekly performance....
Just recently, top Ethereum decentralized finance project Aave began transitioning its native token LEND to a new token called AAVE. LEND had become outdated as it was named after the project's predecessor, ETHLend, and lacked certain technical and economic functionalities. While this...
News