Network Effect at Risk? Why 50% of DAI Locked in Compound Is a Concern
New data shows more than 50% of DAI is locked in Compound and this raises concerns about DAI’s long term prospects. Go to Source Powered by WPeMatico
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Lumi Wallet Web Widget: Cryptocurrency Exchange on Your Website
Good news for those who want to upgrade their website with functional tools and features – on August 5st, Lumi Wallet Technologies launched its app web widget. Now everyone can easily embed a “mini digital wallet” into the body of their website. The Lumi Wallet Widget is a useful and interesting tool for a website. … Read more
Dai Supply Hits New Highs as Efforts to Restore Peg See Limited Success
The total supply for DAI tripled since June as the community keeps raising the supply limits to bring the peg down to $1. Go to Source Powered by WPeMatico
Coinbase Offers DAI Holders 2% Interest
Coinbase is offering crypto customers 2% interest for their Dai holdings. Go to Source Powered by WPeMatico
Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value
The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows that tether’s daily transaction value is set to eclipse bitcoin’s … Read more
Ethereum’s 2020 Defi Boom Doubles Active Ether Addresses, But Fees Skyrocket
The number of active Ethereum addresses has grown aggressively in 2020 because of the decentralized finance (defi) boom. Active Ethereum addresses doubled in size leaving networks like Tron, Cardano, and EOS in the dust. There’s a lot happening in the world of decentralized finance (defi) with things like synthetic bitcoin (WBTC), stablecoins, yield farming, decentralized … Read more
DeFi Tokens Outperformed Bitcoin in Q2 but Will the Rally Continue?
DeFi tokens strongly outperformed Bitcoin price in Q2 but can the triple-digit rallies continue? Go to Source Powered by WPeMatico
DeFi Earnings Fell 42% in Q2 Even as Token Prices Surged
DeFi earnings fell in Q2 as MakerDAO dropped the savings rate and Synthetix began reporting its actual earnings. Go to Source Powered by WPeMatico
Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation
A number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while the web portal daistats.com shows there’s only 160 … Read more
Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active Installs
A couple of months ago, a new WordPress (WP) plugin launched that allows anyone to host a digital currency trading platform. With the application, WP website owners can earn fees from various crypto asset trades. The developer of the plugin called “Wpcryptoexchange” tweeted on June 19, that there are now 300 active installs of his … Read more
