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There have been two back-to-back flash loan attacks in a short period of time stemming from two unique Binance Smart Chain decentralized finance (defi) projects. Last Wednesday, the yield-farming platform Pancakebunny lost close to $3 million in a flash loan attack according to reports. The following Sunday, Bogged Finance saw $3 million exploited from a … Read more
PancakeBunny is the latest Binance Smart Chain-native DeFi protocol to suffer a vicious exploit, with more than $200 million being drained from the platform. Go to Source Powered by WPeMatico
While crypto markets, in general, have been dropping significantly in value, the decentralized finance (defi) economy has shaved more than $21 billion during the last week. Statistics show that the total-value locked (TVL) in defi touched $87 billion on May 11, and since then the aggregate total has slid to $66 billion in value. Weekly … Read more
For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or the Binance Smart Chain. Layer 2 and Sidechain Competitors Command $251 Million in Bitcoin Value … Read more
Uranium Finance joins the growing list of hacked projects on the Binance Smart Chain network. Go to Source Powered by WPeMatico
On Tuesday, the founder of the decentralized exchange (dex) Uniswap tweeted about the trading platform passing $10 billion in weekly trade volume for the first time. Decentralized trading volumes have grown massively, as dex platforms built on Ethereum have seen more than $18 billion in volume during the last week. Meanwhile, the dex Pancakeswap, an … Read more
With Binance Chain’s 11 validators hand-selecting Binance Smart Chain’s validators daily, analysts are warning of the protocol’s centralization. Go to Source Powered by WPeMatico
Multiple teams, protocols and chains mean 1inch is growing fast Go to Source Powered by WPeMatico
Despite many leading Ethereum-powered DeFi protocols posting a weekly loss, the success of Binance Smart Chain is pushing the TVL of decentralized finance into new highs. Go to Source Powered by WPeMatico
The team behind Turtledex protocol, a Binance Smart Chain (BSC) project has reportedly rug pulled its investors shortly after raising 9,000 Binance tokens worth $2.5 million. Immediately following the confirmation of the theft, the value of the protocol’s native token TTDX, reportedly plunged to near zero. At the time of writing, the social media accounts … Read more
