Benqi’s $QI Token Hits New Highs Amidst Bullish Momentum

Amidst a mixed day for cryptocurrencies, $QI (BENQI) has emerged as a standout performer, marking new post-breakout highs and showcasing a remarkable 12% gain. This surge in price brings $QI closer to its target of $0.24365, with a substantial upside potential of over 612%. One key factor driving the positive sentiment surrounding $QI is the … Read more

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday

According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin Bridged … Read more

More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols

In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to … Read more

BENQI and Avalanche Launch $3M Liquidity Mining Initiative to Accelerate DeFi Growth

PRESS RELEASE. BENQI, an algorithmic liquidity market protocol, and the Avalanche Foundation are collaborating on a joint liquidity mining program to celebrate the launch of the BENQI protocol on the 19th of August and the next phase of growth within Avalanche’s DeFi ecosystem. $3MM of AVAX will be allocated as liquidity incentives for BENQI users, … Read more

Funding Roundup: Derivatives and Defi Draw a Fresh Influx of VC Firms and Private Investors

As blockchain technology disrupts traditional industry standards, the list of progressive investors willing to stake their money has increased significantly. Leveraging this ongoing investment trend, both upcoming and ongoing projects are attracting millions of dollars from private investors, shaping a new era of decentralization. Globe DX Successfully Closes Fresh $18 Million Funding Round A new … Read more

BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche

PRESS RELEASE. BENQI, a liquidity market operating on the Avalanche network, has completed a private funding round. A total of $6 million was raised in a round led by Ascensive Assets. A number of leading investors on blockchain and the emerging Avalanche ecosystem also participated. These include Mechanism Capital, Dragonfly Capital, Arrington XRP Capital and … Read more