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Weekly Defi Swaps Tap $17 Billion While Dex Aggregators Now Share 22% of the Trade Volume

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Over the last seven days, decentralized exchange (dex) trade volume has tapped $17 billion across the 21 Ethereum dex platforms. Pancakeswap has seen between $400K to $860K every 24 hours during the last week as well. Meanwhile, dex aggregators are eating away at dex trade volumes, becoming more popular by the day. Uniswap Commands Top … Read more

Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying ‘It Could Have Been a Billion’

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On August 10, the decentralized finance (defi) project Poly Network suffered a loss of over $600 million according to various reports. The hack follows a recent Ciphertrace report on how defi-related hacks and fraud in 2021 have already surpassed 2020. The Poly Network hack on Tuesday is well above the entire year’s worth of defi … Read more

Tokenized Bitcoin on Ethereum Crosses $11 Billion Notional, WBTC Commands 76% of Circulating Supply

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According to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects, the Wrapped Bitcoin protocol has 194,023 bitcoin-pegged ERC20 tokens in circulation. Over 250K Tokenized Bitcoin In Circulation Split Between 7 Ethereum Projects, Binance Smart Chain’s … Read more

There’s 30 Doge-Like Tokens Today — New Daddy Doge Jumps 57% This Week, Promises To Be First in Space

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Following the hype surrounding dogecoin, shiba inu, and then baby doge, another token called daddy doge (DADDYDOGE) has been gathering steam. The coin saw some interest after Elon Musk said the words “daddy doge” in a video of Tesla’s CEO being escorted to a car. Furthermore, the developers of the Daddy Doge project claim the … Read more

Binance Smart Chain Creates a $10 Million Bug Bounty Fund to Tighten Protocol Security

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The Binance Smart Chain has launched a $10 million bug bounty fund for projects building on top of the protocol, called “Priority One.” The initiative aims to keep the blockchain network secure by encouraging bug bounty hunters and ethical hackers. Binance Smart Chain Reveals $10 Million Bug Bounty Fund ‘Priority One’ Security experts and bug … Read more

A Deeper Look Into The Pirate Bay’s Mysterious ‘Piratetoken’ Soft Launch

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In mid-May, the popular and perhaps the largest torrent tracker on the internet, The Pirate Bay, mysteriously revealed a new cryptocurrency called piratetoken (TPB). The token has seen a 20% gain in 30 days and following the quiet launch, the torrent tracker’s website explained that the new piratetoken is a soft launch for a myriad … Read more