DefiLlama: investors pulled nearly $14B from the DeFi space after North Korea-tied hackers stole $290M from Aave in April, weeks after stealing $280M from Drift
DeFi was once touted as the future of finance but traders have grown concerned over the security of these projects
Chainalysis CEO Jonathan Levin says DeFi platforms' rapid growth leaves their users' assets at risk of attack; DefiLlama says $140B+ is held on DeFi protocols
Nikou Asgari / Financial Times :
DefiLlama: monthly DeFi fees have risen to $577M from an April low of $366M, with major protocols generating $275M through automated market-making services
- Major protocols like PancakeSwap have emerged as fee-generating leaders, accumulating $275 million in fees through …
DefiLlama: Bybit experienced a “bank run” of over $4B after the ~$1.5B hack, leading to a ~$5.5B total outflow; CEO says “about 50%” of funds were withdrawn
Major cryptocurrency exchange Bybit has seen total outflows of over $5.5 billion after it suffered …
RTFKT, the digital wearables NFT startup Nike acquired in 2021, is shutting down by the end of January 2025; DefiLlama: RTFKT brought in nearly $50M in earnings
an early Web3 fashion success story — is folding Jason Newey / NFT News Today : Nike-Owned RTFKT to Shut Down Operations by January 2025 Brayden Lindrea / Cointelegraph : Nike-owned NFT wearables RTFK...
DefiLlama: stablecoins' total market cap has grown 46% in 2024 so far to a record ~$190B, regaining the ground lost after TerraUSD's infamous collapse in 2022
Sidhartha Shukla / Bloomberg :
DefiLlama: Coinbase's Layer 2 Ethereum network Base stands at $2.08B in total value locked, up 370% from ~$430M at the start of 2024, second only to Arbitrum
- Base has surpassed a total value locked of $2 billion for the first time — a 370% increase year-to-date.
DefiLlama and Wintermute: the aggregate market cap of stablecoins crossed $164B for the first time since the collapse of Terra in May 2022; USDT is at $114.26B
Omkar Godbole / CoinDesk :
DefiLlama: the value of assets locked on the TON blockchain, which is used by Telegram, surged 1,400% this year to briefly top $1B
Sidhartha Shukla / Bloomberg :
DefiLlama: the value of assets locked on the TON blockchain, which is used by Telegram, surged 1,400% this year to briefly top $1B
- TON Blockchain's assets topped $1 billion after a resurgence — Telegram's previous crypto efforts drew the wrath of the SEC