📣 DeFi Lens builds advanced Generative AI for Technical Analysis

DeFi Lens – an innovative AI platform combining generative AI and Web3 trustworthy proofs to equip traders, especially those using technical analysis (TA) strategies, and crypto enthusiasts with better market signals and insights. DeFi Lens transforms how traders or crypto users search for alphas, exchange signals & data, and analyze trading strategies. The project is incubated by Oraichain Labs.

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📣 Paystand acquires Teampay to be DeFi version of ‘Venmo for B2B payments’

Paystand has acquired spend management software startup Teampay to create what the companies describe as a “no-fee B2B digital payment and spend powerhouse.” The combined company services over 1 million businesses running on a commercial blockchain to more than 1 million participants. It processed more than $10 billion in transactions to date, which it touts is nearly 2% of annual U.S. business-to-business payments.

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💰 Polygon leads in EVM efficiency as DeFi users favor low transaction costs

Layer-1 blockchains are foundational networks supporting various applications directly on their protocol, while Layer-2 blockchains operate atop these foundational layers, enhancing scalability and efficiency. Comparing the usage and efficiency of EVM-compatible L1 and L2 blockchains and side chains helps us better understand the market values and where most of the DeFi activity comes from.

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📣 AI-powered DeFi platform secures $10M investment with upcoming DAO

NFA Labs recently partnered with Quantix Capital, receiving a $10 million capital commitment to be used to grow the ecosystem. The latest rally in crypto has not gone by without bad actors intensifying their illicit efforts. The first two months of 2024 witnessed a 15.4% increase in stolen funds, with more than $200 million lost to hacks and rug pulls, while decentralized finance (DeFi) remains the biggest target for culprits.

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📣 DeFi DAO introduces permissionless listings with AI enhancement

Ooki, a decentralized finance DAO, innovates by combining artificial intelligence and permissionless listings. The decentralized finance (DeFi) space is crowded with thousands of tokens with varying use cases, while coins with new utilities emerge occasionally. While enriching the DeFi ecosystem with diverse investment options, this proliferation of tokens also introduces a significant challenge for users.

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💰 ShibaSwap’s Shibarium Migration Signals DeFi Evolution

Decentralized exchange ShibaSwap has completed its transition to the Shibarium blockchain, departing from its original Ethereum foundation. Shibarium operates as an Ethereum layer-2 network, utilizing SHIB tokens for transaction fees. ShibaSwap has historically incorporated canine-themed applications for intricate DeFi functions, which has sometimes perplexed new users.

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💰 Solana-based DePIN io.net CEO claims network was attacked in detailed postmortem

Ahmad Shadid, the CEO of decentralized compute provider io.net, has responded to critics who had questioned the number of GPUs truly available on the platform with a detailed post-mortem claiming the network had been attacked by users attempting to spoof GPU availability in return for future rewards.

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💰 Lido Finance hits 1M validators, fueling the growth of DeFi

Liquid staking protocols like Lido Finance make staking more accessible for retail users with limited capital, who would otherwise need 32 Ether (ETH $3,181) to run their own validator nodes on Ethereum. Lido Finance accounts for the majority (28.5%) of staked Ether, while 13.6% is staked through the Coinbase exchange, according to Dune data. Over 27% of all the Ether supply is currently being staked.

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🔵 Jellyverse Joins Sei Network to Bring DeFi 3.0 to Mainstream

Decentralized finance (DeFi) promises to revolutionize traditional finance by eliminating intermediaries and providing greater financial inclusion. However, it still faces challenges such as scalability and integration of real-world assets. This collaboration marks a milestone as Jellyverse becomes one of the first decentralized exchanges (DEXes) to utilize the Sei Network, specifically as the official fork of the well-known Balancer protocol.

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📣 dWallet Network Integrates Native Multi-Chain DeFi with Monad

Monad ecosystem developers will be use dWallet Network to create natively multi-chain DeFi applications. According to the official press release shared with CryptoPotato, within the Monad ecosystem, dWallet Network plans to enable developers to leverage decentralized building blocks for creating DeFi applications across multiple chains without collusion and with high decentralization.

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🪙 Uniswap enables crypto purchases via Robinhood Connect

Uniswap users can now use Robinhood Connect to buy cryptocurrencies using funds from Robinhood, a debit card or via bank transfer. Robinhood Connect became available this week to users on the Uniswap mobile app, the decentralized exchange (DEX) said Monday in a statement. The service is one of three providers enabling crypto purchases on Uniswap, joining Coinbase Pay and Moonpay, according to the protocol.

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📣 Cross Finance Announces DeFi Conferences in Vietnam to Showcase Innovative Products

Cross Finance, a next-generation digital ecosystem of cutting-edge payment solutions, is excited to announce two DeFi conferences «CrossFi changes everything» coming to Hanoi and Ho Chi Minh in May. The conferences aim to present Vietnamese users and partners to CrossFi APP, Cross Finance's non-custodial web3 banking app, as well as demonstrate the full range of CrossFi products and services. About 3,000 people will attend the conferences.

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2024/05/02 04:38:11
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