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Binance DEFI (DEFI) News



Yearn Finance token

Yearn.finance's steps to joining Coinbase.pro

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On September 14 YFI, the governance token of Yearn.finance will be listed on Coinbase Pro. The token is pretty popular and now is trading at $34,271. Its market cap is $1 billion. All this success was recorded despite Andre Cronje's introduction that the token has no value. There is no need to buy...

DeFi

DeFi blocked funds exceeded $6 billion

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According to the analytical resource DeFi Pulse, $ 6 billion worth of cryptoassets is currently blocked in decentralized finance (DeFi) smart contracts. Back on Friday, August 14, this figure was $ 5 billion. The leading projects are Maker, Aave, and Curve Finance, with a total amount of blocked...

Ethereum

Ethereum fees decline amid DeFi collapse Of Yam Finance

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Ethereum transaction fees recently hit a new high. However, the collapse of the Yam Finance crypto project, deployed in the DeFi ecosystem, caused the cost of operations to fall. According to the ETH Gas Station service, Ethereum commissions are now about 60% lower than they were in the middle of...

Huobi

Huobi announces launch of DeFi investment fund

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Huobi Group, the owner of the Huobi cryptocurrency exchange, is launching a new fund for investments in the Decentralized Finance (DeFi) market. Charlene Wu, who previously worked in the investment department of China Merchant Bank International (CMBI), a subsidiary of one of the largest Chinese...

DeFi sector funds

The volume of assets in DeFi-protocols exceeded $4 billion

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The total amount of funds frozen in the services of the decentralized finance (DeFi) sector exceeded $4 billion. The most popular asset remains Maker, whose dominance index is over 30%. According to the latest data, Maker accounts for $1.23 billion of all funds held in smart contracts, protocols,...

MakerDAO blocked funds

Funds blocked in Maker reached $1 billion

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The volume of funds blocked in the MakerDAO DeFi protocol reached $1 billion for the first time, strengthening the project's leading position in the decentralized finance market. This is evidenced by data from the DeFi Pulse. Over the past day, this figure has increased by 6.7%. Blocked funds have...

yEarn Finance price YFI

The yEarn Finance project token has grown to $4500 in a week

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Amid growing hype around the decentralized finance (DeFi) industry, yEarn Finance, a lucrative farming project, has attracted increased attention in recent days. In just a week since the launch, the YFI token soared from $34 to $4500, after which it rapidly went down, having lost almost a third of...

ERC-20 capitalization Ethereum

ERC-20 token capitalization exceeded Ethereum's cap

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The growing popularity of decentralized finance (DeFi) services has led to the fact that the total capitalization of tokens on the Ethereum blockchain exceeded the ETH cryptocurrency itself. The Defiant new editor-in-chief Camila Russo shared this observation. Taking the data from the Etherscan...

Ethereum accounts

The number of Ethereum addresses exceeded 100 million

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According to Etherscan, the number of addresses of the second cryptocurrency reached 100 million. The figure, ten times the number of Internet users in 1995, indicates the promising prospects of the DeFi sector, said Defiant project founder Camila Russo. Ethereum has 100M addresses 5 yrs after its...