Track market-moving stories before they get noisy

The attacker moved 2,000 ETH through Tornado Cash and sold 1,422 ETH for $2.4M in DAI, with just 5 ETH left in their wallet.

The attacker behind the exploit of Ethereum MEV bot Jaredfromsubway has moved millions of dollars through Tornado Cash, despite a public offer to return half the stolen funds in exchange for a white-hat bounty.

The transfer suggests that the attacker may have little interest in negotiating, even with the bot’s operator offering rewards and claiming that they have had discussions with potential recovery groups.

How the Bot Got Beaten at Its Own Game The exploit, according to Peckshield, happened on June 20 and netted the attacker 1,474 WETH, 2.87 million USDC, and 2 million USDT, with apparently no code being broken.

Another blockchain security firm, Blockaid, explained that the person responsible built a number of fake wrapper tokens, including fWETH, fUSDC, and fUSDT, and paired them with fake liquidity pools that appeared to the bot’s automated scanning system as profitable MEV opportunities.

It then did exactly what it was designed to do: spot a supposedly juicy trade and grant token approvals to the attacker’s helper contracts. Per Blockaid’s analysis, during early test transactions, those approvals were consumed normally, meaning nothing flagged as suspicious. Later, the exploiter crafted routes where the bot kept granting approvals that were never revoked, building up spending rights over the bot’s holdings in the process while waiting for the right moment.

When that moment finally came, the attacker’s contract used those open approvals to pull WETH, USDC, and USDT directly from the Jaredfromsubway contract using standard transferFrom calls. Crypto researcher RaFi, who posted a detailed thread about the incident, described it as a “masterclass in social engineering on-chain.”

The bot’s operator’s response came in waves. They first offered a $1 million reward to the hacker to return the stolen money and another $50,000 for anyone that could help them find the attacker. Soon after, they offered a $3 million “time-sensitive” bounty for the funds, promising full confidentiality and no questions asked.

You may also like: BitMine, SharpLink, and Joe Lubin Back New Ethereum Nonprofit ETHLabs New Proposal Redirects 10% of Staking Rewards to Fund Ethereum Ecosystem The Revenue Divergence: Why Record-Breaking Ethereum Activity Isn’t Boosting ETH Price With no discernible response coming, the Jaredfromsubway operator decided to send an on-chain message saying that they would accept 2,150 ETH, which is about 50% of the haul, and gave the attacker 48 hours to respond, with plans to “pursue all available legal and law-enforcement remedies” if the deadline passed without a return.

But the attacker seems to have given a response of a kind, with Onchain Lens reporting that they recently moved 2,000 ETH, worth about $3.4 million, through Tornado Cash. They are also said to have sold 1,422 ETH for around $2.4 million in DAI, and had only 5 ETH remaining in their wallet.

White-Hat Contact As of the most recent update, the bot runner said that a self-described white-hat group had made contact and that negotiations were ongoing, although nothing had been confirmed.

Blockchain developers have been trying to find ways to reduce MEV activity, one such method being a proposal by Aptos to encrypt mempool systems so as to keep transactions private until they are executed.

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4 Token Unlocks to Watch Next Week

5 Token Unlocks to Watch Next Week

If traditional finance got a blockchain makeover, DeFi protocols would inevitably be the result. Here, decentralized apps (DApps) and smart contracts reign supreme, offering you control over your financial future. 

From staking your digital assets for crypto yield to conducting anonymous crypto swaps, this guide introduces you to the top DeFi protocols to keep an eye on in 2026.

In This Guide:

12 Top DeFi protocols in 2026 DeFi protocols comparedWhat are DeFi protocols?How do DeFi protocols work?Should you use DeFi protocols?Could DeFi replace traditional finance?Frequently asked questions12 Top DeFi protocols in 2026

1. dYdX

Best DeFi protocol for liquid staking

Token

dYdX

Token max supply

1,000,000,000 DYDX

Market cap

$1.499B

TVL

$401.81M

The dYdX protocol provides advanced financial instruments like perpetual and margin trading within the DeFi ecosystem. The leading exchange operates without KYC, allowing for anonymous, trustless trading. It supports perpetual and margin trading, alongside lending and borrowing, and offers competitive fee structures and gas-free trading experiences.

The platform provides lower collateralization levels compared to competitors, increasing accessibility. dYdX also utilizes StarkWare for increased efficiency and lower transaction fees and allows for community contributions and governance.

Notably, dYdX also transitioned to an independent blockchain within the Cosmos ecosystem, enhancing performance and furthering decentralization.

Pros

Advanced trading options No KYC required Low fees Layer-2 scalability Dynamic interest rates Interoperability with Cosmos Cons

Complex for beginners Dependent on Ethereum Limited spot trading New chain transition challenges Ecosystem adaptation required Trade features: Perpetual trading, margin trading, decentralized order book, layer-2 scalability, cross-margin capabilities.

Earning features: Lending, borrowing, dynamic interest rates, trading rewards.

Security features: Self-custodial security, third-party audits, secured by Ethereum protocol.

Platform and ecosystem features: No KYC, open-source code, integration with Cosmos ecosystem, decentralized governance, off-chain order matching.

2. PancakeSwap

Best DeFi protocol for cost-effective transactions

Token

CAKE

Token max supply

450,000,000 CAKE

Market cap

$974.4M

TVL

$2.224B

PancakeSwap is a top-tier DeFi protocol. It focuses on the Binance Smart Chain blockchain, but supports a total of eight networks, including Ethereum.

PancakeSwap’s native crypto is CAKE, which has a total supply of 450 million tokens. This decentralized exchange leverages an automated market maker (AMM) model, allowing for direct, wallet-to-wallet trades without intermediaries, enhancing user control and security.

Moreover, it offers a range of services beyond simple trades, such as yield farming, staking, and lotteries, enabling users to earn rewards in various ways. Its user-friendly interface makes it accessible for beginners, while its innovative features, like the zkBridge technology, ensure secure and efficient transactions across different blockchain networks.

PancakeSwap’s growth is underscored by its status as the first billion-dollar project on the Binance Smart Chain and its continual upgrades, such as the current PancakeSwap V3, demonstrating its commitment to improving functionality and user experience.

Pros

Intuitive interface High APY for liquidity providers (LPs) Supports staking and farming NFT marketplace Cons

No mobile app No native crypto wallet Trade features: Instant crypto trading, liquidity pools, asset bridging, perpetual trading, and cryptocurrency purchasing.

Earning features: Farming, pools, liquid staking, simple staking.

Game and NFT features: Gaming marketplace, prediction market, NFT marketplace for NFTs on BNB Chain.

DeFi and ecosystem engagement: Governance, initial farm offerings (IFOs), gauge voting and revenue sharing, and farm booster.

3. De.Fi

Best DeFi protocol for monitoring

Token

DEFI

Token max supply

1,000,000,000 DEFI

Market cap

n/a

TVL

n/a

De.Fi provides detailed smart contract analysis to detect potential vulnerabilities and assign security scores. It offers an extensive dashboard for monitoring wallet transactions and balances, alongside powerful investment tools for analyzing and controlling positions in DeFi protocols, NFT collections, and lending markets.

Additionally, De.Fi includes specialized security features like the De.Fi Shield and Scanner for thorough contract examination. It also comes with user-friendly transaction tools such as secure crypto sending and De.Fi Swap for easy cryptocurrency exchanges across various blockchains, making it a well-rounded solution for utilizing the DeFi space safely and effectively.

Pros

Advanced security scanning Comprehensive dashboard Real-time analytics User-friendly interface Multi-blockchain support Cons

Complexity for beginners Technical knowledge needed Frequent updates required Smart contract and security features: Vulnerability scanning, smart contract security scoring, De.Fi Shield, De.Fi Scanner.

Portfolio and transaction monitoring features: Comprehensive dashboard, address book, wallet balance tracking, deposited and loaned balances overview.

Investment and exploration features: Market analysis tools, NFT portfolio management, exploration of DeFi opportunities.

Security and protection tools: Asset security assessments, approval checks, risk highlights for tokens and NFTs, customizable security settings.

Transaction and exchange features: Secure cryptocurrency sending, De.Fi Swap, slippage tolerance settings.

4. Uniswap

Best DeFi protocol for community

Token

UNI

Token max supply

1,000,000,000 UNI

Market cap

$8.86B

TVL

$5.543B

Uniswap is another leading decentralized exchange. The native token is UNI, which has a total supply of 1 billion tokens.

Governed by its users through the UNI token, it offers a community-driven experience, unlike centralized platforms. Uniswap’s liquidity pools facilitate secure and direct token swaps, ensuring users maintain complete control over their funds. Originally built on Ethereum, it now supports other Ethereum-compatible networks like Polygon and Optimism, offering lower transaction costs.

Uniswap’s simplicity makes it accessible for beginners while providing advanced features for experienced users. This is rare when it comes to DEXs, which can often be tricky to use and less straightforward than their CEX counterparts. Uniswap also boasts broad token availability and deep liquidity, reducing price impact on large trades.

Additionally, the DEX has integrated NFT trading, enhancing its offerings. With nearly 5 million unique wallet addresses and surpassing $1 trillion in trading volume, its popularity and reliability are evident.

Finally, Uniswap’s swap fees are competitive, especially when compared to centralized exchanges, and users can choose cheaper networks to avoid high Ethereum gas fees.

Pros

Easy-to-use interface Low-cost trades Multiple blockchain networks supported Cons

No mobile app High fees when purchasing crypto (third-party services) Trade features: Instant crypto trading, liquidity pools, asset bridging, cryptocurrency purchasing.

Earning features: Funding liquidity pools, swap fee earnings.

Game and NFT features: NFT marketplace, prediction market.

DeFi and ecosystem engagement: Governance, concentrated liquidity, transaction fee structure.

5. Curve Finance

Best DeFi protocol for stablecoins

Token

CRV

Token max supply

2,091,644,627 CRV

Market cap

$730.32M

TVL

$2.486B

Curve Finance is a leading decentralized exchange (DEX) on the Ethereum blockchain, specializing in the efficient trading of stablecoins and wrapped tokens like wBTC, renBTC, and sBTC. Founded by Michael Egorov, it has quickly risen to prominence, and is particularly famed for its innovative use of liquidity pools and automated market maker (AMM) systems. These allow users to earn high annual interest rates — over 300% in some pools — on deposited cryptocurrency.

The platform distinguishes itself with its unique bonding curve. This is optimized for stablecoins to reduce slippage, allowing significant trades with minimal price impact. This has positioned Curve as a vital component in the DeFi space, especially for those interested in liquidity mining and yield farming.

Curve Finance operates as a decentralized autonomous organization (DAO), with its governance token CRV enabling holders to vote on changes and proposals. This shift to a DAO structure allows Curve to operate with enhanced transparency and community-driven development. Despite its complexity and the potential for impermanent loss, Curve Finance offers significant opportunities for liquidity providers and traders, underlined by security measures including multiple code audits and bug bounties to safeguard user assets.

Pros

Specializes in stablecoins Reduced slippage Governed by DAO Multiple security audits Bug bounties for added safety Cons

Complex for beginners Focused mainly on stablecoins and wrapped tokens Reliance on Ethereum blockchain, leading to potential high gas fees Trade features: Stablecoin specialization, efficient liquidity pools, unique bonding curve, minimal slippage in trades.

Earning features: High annual interest rates from liquidity pools, rewards in CRV tokens, participation in yield farming.

Security features: Multiple security audits, bug bounties, governed by decentralized autonomous organization (DAO).

DeFi and ecosystem engagement: Governance via CRV token, high total value locked (TVL), support for various wrapped tokens.

6. Balancer

Best DeFi protocol for multi-tokens pools

Token

BAL

Token max supply

62,244,253 BAL

Market cap

$268.21M

TVL

$1.242B

Balancer is a versatile and innovative DeFi platform that redefines the concept of decentralized exchanges (DEXs) by combining elements of automated market makers (AMMs) and index funds.

Unlike traditional DEXs — which typically focus on two-token liquidity pools — Balancer’s USP lies in its ability to maintain a balanced portfolio through automatic rebalancing, adjusting the pool’s asset allocations in response to market price changes.

Balancer supports three types of pools: public pools, where anyone can add liquidity and earn trading fees; private pools, where only the creator can contribute liquidity and set parameters; and smart pools, which are private pools with adjustable parameters controlled by a smart contract. This flexibility caters to a wide range of user preferences and risk tolerances.

Furthermore, Balancer’s architecture is designed to function on Ethereum and also on six additional blockchain networks, expanding its accessibility and interoperability within DeFi ecosystems. By providing a decentralized platform for multi-asset liquidity, Balancer contributes significantly to the efficiency of the cryptocurrency market.

Pros

Multi-token pools Automated rebalancing Interoperability Cons

Complex for beginners Limited on smaller chains Trade features: Multi-token pools, automated portfolio rebalancing, customizable pool types (public, private, smart), wide asset variety, minimal slippage through dynamic trading fees.

Earning features: Rewards in BAL tokens, high yield from liquidity provision, participation in liquidity mining, diversified income streams through various pool types.

Security features: Regular security audits, bug bounty programs, non-custodial asset management, transparent smart contract operations.

DeFi and ecosystem engagement: Governance via BAL token, significant total value locked (TVL), interoperability across multiple blockchains, support for a variety of digital assets and wrapped tokens.

7. Summer.fi

Best DeFi protocol for services

Token

Summer.fi

Token max supply

N/A

Market cap

N/A

TVL

$5.345b

Summer.fi, initially known as Oasis.app and one of the earliest MakerDAO projects from 2016, has evolved significantly beyond its original scope.

After Maker became fully decentralized, Summer.fi emerged as a standalone platform, dedicated to establishing a highly trusted application for DeFi capital deployment.

It now transcends being merely an interface for the Maker Protocol. It aims to be the most secure place for engaging with DeFi, providing users with advanced automation features like stop-loss, auto-buy, and auto-sell, as well as strategies such as Constant Multiples for optimizing Vault performance. If your Vault’s collateralization ratio hits your Sell Trigger, Constant Multiple will execute.

Summer.fi prioritizes user experience, offering clear insights into positions, returns, and associated risks, backed by a comprehensive knowledge base reflecting community feedback.

Pros

Comprehensive DeFi services Advanced automation features, (stop-loss, take-profit, auto-buy, etc.) User-friendly interface Integration with multiple protocols (Aave and Maker) Cons

Complex for new users Limited to ERC-20 tokens Borrowing features: Flexible repayment schedules, diverse collateral types, integrated with multiple protocols like Aave and Ajna, protection against market volatility through the Oracle Security Module and constant updates from Chainlink.

Multiplying features: Increase or decrease collateral exposure in one transaction, use borrowed funds to buy more collateral, integration with liquid platforms and the 1inch DEX aggregator for best execution prices, dedicated interface for managing positions.

Earning features: Self-custody solutions for yield earning, compatibility with Aave and Maker protocols, increase yield from StETH, participate in the Dai Savings Rate for passive income.

Automation features: Stop-loss to prevent liquidations, take-profit for efficient exits, auto-buy and auto-sell for Vault management, Constant Multiple to maintain predefined exposure levels.

Integration and partnerships: Support for various wallets like MetaMask and Ledger, integration with the 1inch Network for efficient token swaps, launched on Optimism layer-2 for reduced transaction costs, Ajna Protocol integration for curated borrowing and lending pools.

8. Aave

Best DeFi protocol for liquidity

Token

AAVE

Token max supply

16,000,000 AAVE

Market cap

$1.711B

TVL

$10.564B

Aave (AAVE) is a pioneering entity in the DeFi sector. The comprehensive lending platform boasts a significant Total Value Locked (TVL), which surpasses $10 billion in crypto collateral.

Aave enables users to lend and borrow a wide array of tokens across multiple ecosystems, ensuring a versatile and inclusive financial experience.

The platform’s latest iteration, Aave V3, expands its reach beyond Ethereum to include 10 different blockchain networks, further solidifying its position as a key player in DeFi by enhancing accessibility and providing a range of options for its diverse user base.

Pros

High TVL Wide range of tokens Multi-chain accessibility Flash loans availability Governance via AAVE token Cons

Complexity for beginners High gas fees on Ethereum Risk of liquidation Trade features: Flash loans, real-time interest accrual, stable and variable interest rates, Ethereum network integration, multi-asset collateral support.

Earning features: aTokens for deposit interest, decentralized lending and borrowing, yield optimization strategies, liquidity mining.

Security features: Over-collateralization of loans, smart contract audits, safety module for risk mitigation, bug bounties for platform integrity.

Platform and ecosystem features: Governance via AAVE tokens, layer-2 solutions for reduced fees, decentralized autonomous organization (DAO) structure, no KYC requirements, multi-chain accessibility.

9. MakerDAO

Best DeFi protocol for generating a stablecoin

Token

MKR

Token max supply

1,005,577 MKR

Market cap

$2.686B

TVL

$7B

MakerDAO is a pioneering DeFi platform that has revolutionized the way users engage with digital assets. The platform provides a decentralized borrowing and lending system with its stablecoin, DAI, at the core.

Built on the Ethereum blockchain, it allows users to leverage a variety of cryptocurrencies as collateral to generate DAI, maintaining stability through rigorous governance by MKR token holders.

The platform distinguishes itself with features like over-collateralization to ensure loan security, and a dual-rate model offering users the choice between stable and variable interest rates. However, users must navigate complexities such as liquidation risks and market volatility.

As MakerDAO evolves, it continues to solidify its status as a cornerstone of the DeFi landscape with the introduction of upgrades like V3 and the addition of the GHO stablecoin — balancing user empowerment with the intricate dynamics of decentralized finance.

Pros

Decentralized lending DAI stability Ethereum-based Governance by MKR Over-collateralization Variable interest rates Cons

Complexity High gas fees Liquidation risks Trade features: Flash loans, stable and variable interest rates, real-time aTokens, multi-currency collateral, governance-driven updates.

Earning features: Interest on deposits, participation in governance, yield farming opportunities, dynamic interest rates.

Security features: Over-collateralization, liquidation mechanisms, community governance for risk management, security modules for asset protection.

Platform and ecosystem features: Decentralized borrowing and lending, Ethereum-based, MKR token for governance, integration with multiple crypto assets, open-source development, Maker Vaults for asset management.

10. Compound Finance

Best DeFi protocol for staking

Token

COMP

Token max supply

10,000,000 COMP

Market cap

$487.27M

TVL

$2.668B

Compound Finance is a prominent decentralized lending platform operating on the Ethereum blockchain, known for pioneering the DeFi lending space.

Established by Robert Leshner and Geoffrey Hayes in 2018, Compound simplifies the process of borrowing and lending cryptocurrencies without intermediaries, allowing over $2 billion in assets to be locked on its platform.

Unique for its innovations, such as yield farming and governance through COMP tokens, the platform aims to provide financial inclusion, eliminating traditional transaction minimums and credit checks.

While offering competitive returns through real-time interest rates, users engaging with Compound and its governance token, COMP, must be cautious of market volatility and conduct in-depth research prior to investment.

Pros

Decentralized borrowing and lending No transaction minimums User-friendly interface Supports multiple ERC-20 assets Yield farming opportunities Cons

Market volatility risks Requires over-collateralization Complexity for new users High gas fees on Ethereum Trade features: Real-time interest rate adjustments, supports diverse ERC-20 tokens, and a user-centric lending and borrowing system.

Earning features: Yield farming with COMP tokens, competitive APR for lenders, dynamic interest rates based on market conditions.

Security features: Extensive security audits (Trail of Bits, OpenZeppelin), economic risk analysis by Gauntlet, transparent and verifiable contracts.

DeFi and ecosystem engagement: Decentralized governance with COMP tokens, financial inclusion without traditional verifications, continuous platform innovation and updates.

11. Lido

Best DeFi protocol for ETH staking

Token

LDO

Token max supply

1,000,000,000 LDO

Market cap

$2.215B

TVL

$34.445B

Lido Finance is a DeFi staking protocol offering user-friendly, semi-custodial staking services across multiple cryptocurrencies. Known for its simple interface and decentralized structure, Lido allows users to stake their assets and receive liquid staking tokens, such as stETH, which can be utilized in the broader DeFi ecosystem for yield farming.

Supported by major players in DeFi and endorsed for its reasonable fees and rewarding referral program, Lido maximizes decentralization through its governance token, LDO, allowing stakeholders to partake in decision-making. While Lido streamlines the staking process, users should consider the semi-custodial nature, the staking rewards fees, and potential tax implications associated with rewards.

Pros

User-friendly interface Liquid staking tokens Decentralized governance Supported by DeFi leaders Cons

Semi-custodial service Staking rewards fees Potential tax implications Staking features: Easy and unrestricted staking, maximized earning potential, liquid staking tokens for yield farming.

Earning features: Daily staking rewards, assets used as collateral for lending and yield farming, participation in governance for reward optimization.

Security features: Smart contracts audited by Quantstamp and Sigma Prime, semi-custodial nature maintains user control.

DeFi and ecosystem engagement: Governance via LDO tokens, broad DeFi integration, supports multiple blockchains including Ethereum.

DeFi protocols comparedProtocolTypeTVLTokenNo. of blockchains supportedPancakeSwapDEX$2.224BCAKE9UniswapDEX$5.543BUNI8CurveDEX$2.486BCRV14BalancerDEX$1.242BBAL8Summer.fiDEX$5.345bsummer.fi4AaveLending$10.564BAAVE12MakerDAOLending$7BMKR1CompoundLending$2.668BCOMP4dYdXDEX$401.81MdYdX1LidoStaking$34.445BLDO5De.FiTracker and walletn/aDEFI15What are DeFi protocols?DeFi protocols are sets of rules, procedures, and codes that govern decentralized finance (DeFi) systems, enabling users to engage in activities such as trading, lending, and staking tokens within blockchain ecosystems. 

DeFi represents a paradigm shift leveraging blockchain technology, primarily Ethereum, to cultivate an open, permissionless, and borderless financial ecosystem. Unlike traditional systems, developers write smart contracts to deploy DeFi protocols that enable peer-to-peer interactions without intermediaries. By adhering to the same set of rules, DeFi protocols ensure a standardized experience for all participants. 

An example of a DeFi protocol is MakerDAO. The popular DeFi lending platform allows users to borrow against their crypto assets by locking them in exchange for a stablecoin, DAI, thus offering more predictable repayment terms despite the volatility of crypto markets. 

Other protocols allow you to earn a passive income by generating yield from your staked assets. One popular example is the Lido protocol, which allows you to earn on stETH.  Platforms like Lido aim to offer the highest APY on crypto staking, allowing users to maximize returns on their staked assets within the Ethereum ecosystem.

The total value locked (TVL) is often used as a metric to gauge a protocol’s adoption and utility, with MakerDAO being one of the largest by TVL, highlighting its significant role in DeFi.

In 2026, new and more efficient technologies are being developed. For instance, some protocols incorporate asynchronous smart contracts, which allow transactions and agreements to be executed without needing all parties to be present or online simultaneously. This helps streamline operations within networks like Ethereum.

According to DeFiLlama, the top protocol categories are lending, DEXs, bridges, CDP (protocols that mint their own stablecoin using collateralized lending), and restaking. 

Protocol categories: DeFiLlamaWhy do you need DeFi protocols?DeFi allows decentralized apps (DApps) and platforms to provide services like crypto lending and crypto yield earning through staking. Users can participate in AMM (automated market maker) systems to improve liquidity. 

These features offer a fertile ground for startups to innovate beyond conventional financial products, fostering rapid experimentation and potential disruption. The global accessibility facilitated by DeFi platforms makes them a significant tool for financial inclusion, allowing startups to reach a worldwide audience. 

The interoperability among various DeFi protocols enhances this further, enabling seamless integration of services like web3 gaming and metaverse tokens, broadening the scope of what blockchain startups can achieve.

The total value locked (TVL) in DeFi platforms serves as a metric of trust and utility, indicating the number of cryptocurrencies staked, lent, or committed to liquidity pools, highlighting the ecosystem’s growth and stability.

By eliminating intermediaries, DeFi significantly lowers transaction costs, making it an attractive model for startups, especially in crypto lending and yield generation. Instead of being worried about your credit score, you can apply for a crypto loan with fewer restrictions than in TradFi. This reduction in costs, combined with the potential for high crypto yield through mechanisms like staking, positions DeFi as an increasingly popular option for both entrepreneurs and investors in the crypto market.

How do DeFi protocols work?DeFi protocols function by leveraging blockchain technology. While most of them are based on Ethereum, some may also support other networks. At the heart of these services are smart contracts, self-executing contracts with the terms of the agreement directly written into code, which facilitate, verify, and enforce the negotiation or performance of a contract.

DeFi, however, requires thorough research and understanding of several factors, including security, liquidity, and the platform’s governance structure. It’s important to assess the user experience, the degree of interoperability with other DApps and blockchain systems, and the level of community involvement in decision-making processes.

1. Decentralized apps (DApps)Users can engage with various DeFi platforms or DApps to access a wide range of financial services. 

One common way to participate is through crypto lending on platforms. Protocols such as Aave or Compound allow you to deposit cryptocurrencies to earn interest. The earnings are measured as Annual Percentage Yield (APY), which is a volatile percentage that corresponds to the market’s demands.

2. Liquidity miningAnother popular DeFi activity is liquidity mining. You can provide liquidity to decentralized exchanges (DEXs) by depositing your assets into liquidity pools. This deposit is usually made for a pair of assets, such as ETH-USDT, but it can be anything else.

In return, you earn rewards, often in the platform’s native tokens. This process is critical for ensuring there is enough market liquidity for trading and is facilitated by AMMs, algorithms used by DEXs to determine the price of tokens and facilitate trades.

3. Swaps (trading)Trading on DEXs is another key function of DeFi protocols. These platforms allow users to trade cryptocurrencies directly with others in a more private and accessible manner than on centralized exchanges. 

This not only supports the decentralized ethos of blockchain but also contributes to the Total Value Locked (TVL).

Should you use DeFi protocols?Pros  Earn money: You can make your crypto work for you. Put your assets in DeFi platforms to earn interest or rewards. Trade easily: Swap cryptocurrencies directly with others. No need for a middleman. More control: You’re in charge of your money. No bank or institution can block your transactions. Open to everyone: Anyone with an internet connection can join. It’s global and inclusive. Transparent: Everything is recorded on the blockchain. You can see all transactions. New opportunities: Explore new financial services like crypto lending or web3 gaming. Cons  Risky: Crypto values can change fast. Your investments can shrink quickly. Complicated: Some DeFi stuff is hard to understand. It’s not always beginner-friendly. Security issues: Hacks happen. If a DeFi platform gets attacked, you might lose your money. No customer support: If you have a problem, there’s no customer service to call. Research needed: You need to do your homework before investing. Not all platforms are safe. High fees: Sometimes, you’ll pay a lot to make transactions, especially when the network is busy. Could DeFi replace traditional finance?Decentralized finance has the potential to usurp traditional institutions, specifically TradFi. Decentralized finance enables users to transact securely, anonymously, and efficiently and is thus likely to gain popularity as web3 and crypto adoption grows. From crypto lending to staking to market makers, DeFi is exciting but also risky.

Do not interact with any DeFi protocols until you have developed a solid plan and are entirely comfortable with the mechanisms of the platform. Always be aware of the potential for losses, and never invest more than you can afford to lose.

Frequently asked questions What is the most popular DeFi protocol? The most popular DeFi protocol is often considered to be MakerDAO. It frequently leads in terms of Total Value Locked (TVL) and has a wide usage across the DeFi ecosystem. MakerDAO’s platform revolves around the generation of DAI, a stablecoin pegged to the U.S. dollar, and enables decentralized borrowing and saving. Its popularity stems from its innovative approach to maintaining currency stability and providing a decentralized credit service.

What are the top five DeFi tokens? The top five DeFi tokens typically include Maker (MKR), Aave (AAVE), Compound (COMP), Uniswap (UNI), and PancakeSwap (CAKE), based on their market capitalization and impact on the DeFi space. These tokens facilitate governance of their respective platforms, offering holders voting rights on decisions and upgrades. They are integral to the operations of these platforms, from lending and borrowing to providing liquidity and facilitating decentralized trading.

What is TVL in DeFi protocols? Total Value Locked (TVL) in DeFi protocols refers to the total amount of assets currently being staked, lent, or deposited within a DeFi protocol’s smart contracts. It serves as a metric to gauge the overall health and growth of the DeFi market, indicating how much money is actively used in these decentralized financial services. A higher TVL suggests greater user trust and utility of the DeFi ecosystem.

How many DeFi protocols are there? The number of DeFi protocols is constantly growing as the space evolves and new projects are launched. There are hundreds of DeFi protocols across various blockchains, catering to different aspects of decentralized finance such as lending, borrowing, trading, and liquidity provision. The exact number can vary daily due to the dynamic nature of the crypto and DeFi industries.

How many DeFi protocols are there? The number of DeFi protocols is constantly growing as the space evolves and new projects are launched. There are hundreds of DeFi protocols across various blockchains, catering to different aspects of decentralized finance such as lending, borrowing, trading, and liquidity provision. The exact number can vary daily due to the dynamic nature of the crypto and DeFi industries.

Is TVL a good metric? TVL is a good metric for understanding the scale and usage of a DeFi protocol, as it reflects the total capital committed by users. However, it should not be the sole metric for assessing a protocol’s value or success, as it does not account for risks, decentralization level, or liquidity. It’s best used in combination with other factors like user growth, transaction volume, and protocol governance for a comprehensive evaluation.

What is a good FDV TVL ratio? A good FDV (Fully Diluted Valuation) to TVL (Total Value Locked) ratio for a DeFi project is typically below one, indicating that the project’s market valuation is not excessively higher than the value of assets locked in the protocol. Lower FDV/TVL ratios suggest that the protocol is undervalued or efficiently using its capital, which can be attractive to investors. However, this ratio should be considered alongside other metrics and project fundamentals for a complete analysis.

What is the TVL formula? The TVL formula in DeFi protocols calculates the total value of all assets deposited in the protocol’s smart contracts, which can include cryptocurrencies, stablecoins, and other tokens. It aggregates the value of these assets, often converting them to a common currency like USD for a standardized measure. The formula is the sum of the value of each type of asset multiplied by its current market price.

How to calculate FDV? The Fully Diluted Valuation (FDV) is calculated by taking the total supply of a token (both circulating and non-circulating) and multiplying it by the current price of the token. This gives an idea of what the market cap would be if all tokens were in circulation and trading at the current price. It’s an important metric for understanding the potential market size and investment risk of a cryptocurrency or DeFi project.

Real-World Asset Tokenization: The $25 Billion Market Most Crypto Investors Are Ignoring

Ethernity, an NFT-focused blockchain platform, has announced its new Ethernity Chain network to the public, leading to a 16% surge in the ERN token price. This enormous price leap came soon after the introduction of an innovative Layer 2 solution on the Ethereum blockchain, with strong security measures powered by AI.

The Layer 2 network is entertainment brand focused, and the new improvements make Ethernity Chain the leading platform for brands to move into the Web3 environment on a global scale.

Introducing Ethernity Chain, an ETH Layer 2 with enhanced AI-driven security, setting new standards for on-chain entertainment. All powered by $ERN

Welcome to the Future of Entertainment

A thread 🧵[1/8] pic.twitter.com/ezlWYQVUCA

— ETHERNITY (@EthernityChain) May 7, 2024

Ethernity’s AI-Powered Security and Plug-and-Play Toolkit The Ethernity Chain’s development centers on its emphasis on advanced AI security functions. The chain’s AI functionalities include integrated Digital Rights Management (DRM) controls that help preserve intellectual property (IP) and address counterfeit asset trading. This type of security model provides a safe environment for global brands and their customers, protecting proprietary data.

Additionally, Ethernity Chain offers a plug-and-play toolkit that intends to reduce the barrier of entry for global entertainment brands that want to operate on the blockchain.

Using no-code tools, companies can seamlessly integrate their IP and grow tokens, digital collectibles, and other Web3 applications such as marketplaces and games.

Lower Gas Fees and Seamless EVM Compatibility The Ethernity Chain network is designed to be an eco-friendly place for development and utilization purposes, helping to reduce gas fees, promote sustainability, and lower costs. This method is in line with the growing need for eco-friendly solutions in the blockchain, and the initiative’s objective is to attract developers by minimizing economic limitations.

Ethernity Chain is also 100% Ethereum Virtual Machine (EVM) compatible, seamlessly integrating into current standards such as tokens, NFTs, and decentralized finance (DeFi) smart contracts. Such compatibility allows the current developers of Web3 to migrate their projects seamlessly into Layer 2 without much alteration.

ERN Price Surge Following the announcement of the Layer 2 network, the ERN token surged by 16%, with a live price of $5.19 at the time of writing. The 24-hour trading volume reached over $41 million after rising by 260.76%, reflecting growing investor interest, while the market cap exceeded $106 million with a 15% rally.

ERN/USD 24-hour price chart (source: CoinMarketCap)

At the same time, several new projects will be launched on the Ethernity Chain, along with FanableApp, the marketplace for Real-World Assets (RWAs), and Exorians, a next-gen sci-fi game. All these projects and applications from the key industry teams will exploit the full functionalities of Ethernity Chain and its support.

Ethernity is already known for its collaborations with world-renowned names like Lionel Messi and Shaquille O’Neal, and it plans to develop its ecosystem further with bigger entertainment companies.

Co-CEO Nick Rose Ntertsas pointed out that transforming the platform into a Layer 2 solution will “transform how entertainment brands interact with their audience using Web3 technologies.”

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Giko Cat, Sudeng and inSure DeFi emerged as the top gainers in the last 24 hours with a double-digit surge.

CoinGecko data shows that while top coins like Ethereum (ETH) and Solana (SOL) are recovering with a 1-3% surge after the recent dump, some meme coins pulled off double-digit gains.

Cat-themed meme coin Giko Cat (GIKO) is up by 52% in the last 24 hours. It is the largest gainer as per CoinGecko’s top gainers list during this period.

The coin has a market cap of $63 million. GIKO’s surge can be attributed to the popularity of cat-inspired meme coins, which is led by Popcat (POPCAT).

GIKO is up by over 280% in the last seven days and up 2,100% in the last 30 days. This notable surge happened amidst the highly volatile market conditions.

Source: CoinGecko InSure DeFi pumps 40% InSure DeFi (SURE) is second on the list as the top gainer with its 40% surge. Trading at $0.003166, the coin has surged from its seven-day low of $0.00203.

Even though its 24-hour pump is commendable, the meme coin is down by over 35% in the last 30 days.

Source: CoinGecko Unlike GIKO, InSure DeFi is not a meme coin and is part of a crypto and RWA portfolio insurance ecosystem.

However, the exact reason for the surge of InSure is not clear as there haven’t been any notable development announcements in the last 24 hours.

Sudeng bags the third position Sudeng (HIPPO) is another spin-off token inspired by the Moo Deng hippopotamus. According to CoinGecko, HIPPO is the third-largest gainer in the last 24 hours.

Source: CoinGecko Amid the not-so-bullish market conditions, this meme coin has managed to surge by over 36%. HIPPO has gained investor attention as analysts are shilling the coin all over X.

With the meme coin now standing at a $169 million market cap, analysts speculate that $200 million could be next.

https://twitter.com/Overdose_AI/status/1842933642986963106

However, the meme coins can quickly reverse course and wipe off all the gains in just a day.

Moo Deng (MOODENG) is a prime example, as the meme coin lost over 40% in the last seven days after a notable surge.

As blockchain networks grow and serve more users, their scale—measured by the volume of transactions and participants—can both solve and create challenges.

Blockchains running programs that automate agreements, like smart contracts, often face significant challenges, especially those with large, active user bases. Too many users are trying to do things simultaneously, and the Ethereum Virtual Machine (EVM) at its center simply can’t do all the transactions the ecosystem wants in quick succession, one after another. Limited space on the blockchain can also increase competition for inclusion in blocks, driving up transaction fees during times of heavy use.

If there’s one thing that stops a growing platform from keeping its users happy, it’s slow and expensive transactions on its applications. Web3 distribution platform Galxe, one of the crypto world’s busiest platforms with over 31 million users, sought to address these common issues when designing its own tailor-made blockchain, Gravity.

In August 2024, Gravity introduced its Layer 1 Blockchain with the launch of its alpha mainnet: a proof-of-stake (PoS) blockchain and smart contract platform, built specifically to cater to the needs of the Galxe community’s 31 million-strong user base.

What is Grevm 1.0?Grevm 1.0 is an open-source, parallel Ethereum Virtual Machine (EVM) runtime that is “the technological core” of Gravity, facilitating almost 800,000 daily transactions running on Galxe’s ecosystem. It’s based on revm, an EVM written in the programming language Rust.

What makes Parallel EVMs different from conventional EVMs is that they provide a way to run multiple transactions or smart contract operations simultaneously, rather than sequentially, which can help avoid performance bottlenecks during periods of very high demand.

How does Grevm work?Grevm uses an algorithm inspired by BlockSTM, a type of parallel execution engine, to run its smart contracts. BlockSTM was put together by a team of researchers from Aptos, Mystem Labs, UCL, Chainlink Labs and MIT in 2022. BlockSTM is inspired by an academic approach in computer science known as Software Transactional Memory (STM).

Galxe’s team enhanced BlockSTM using data derived from its simulation results. Grevm also uses Asynchronous I/O in its algorithm, a design feature that enables programs to do other tasks while waiting for input or output tasks to finish, instead of pausing and waiting.

According to Galxe, incorporating Asynchronous I/O, a feature not present in the vanilla version of BlockSTM, allows it to perform better in many circumstances, such as when high latency is present.

What's so special about Grevm?Galxe’s benchmark testing indicates that Grevm is the fastest current open-source parallel EVM implementation to date.

For transactions that are fully parallelizable, Galxe claims that Grevm can be 4.13× faster than sequential execution, running at up to 26.50 gigagas/s. When Galxe simulated a high latency environment of 100 μs, it was found to run 50.84x faster than sequential execution, with 6.80 gigagas/s throughput.

This leap in performance is attributed to both the use of parallelized execution and the integration of asynchronous I/O operations—enabled by parallelism—which further amplifies the speedup by efficiently overlapping I/O operations.

In practice, Galxe explained that Grevm’s ability to handle computations in parallel will “elevate” DeFi protocols and dapps running on Gravity’s network, by allowing them to execute multiple transactions in parallel, minimize latency, and boost throughput.

Who's building on Grevm and Gravity? Galxe Quest is a platform for building and engaging Web3 communities. Using a no-code solution, it allows numerous projects to create reward-based loyalty programs. Optimism, Arbitrum, Base and over 6,500 other Web3 projects use it to provide users with freebies like loyalty points and complementary NFTs. Galxe Passport is a digital identity product that allows users to securely store their identity information and use it across hundreds of supported applications. Galxe Score evaluates users based on their on-chain activities, project participation, and overall engagement in the Web3 community, providing a comprehensive view of their presence and reputation. Symbiosis is a cross-chain automated market maker (AMM) and decentralized exchange has integrated Gravity into its platform, which allows users to bridge assets between Gravity and over 35 blockchain networks. What is Gravity’s G token?The Gravity blockchain uses G as its native utility token, following a token migration from GAL in July. G is used to pay for gas fees on the network and to make payments on apps like Galxe Quest, Galxe Passport, and Galxe Score. G also grants users a variety of opportunities to participate in deciding the future of the Gravity network.

Users can stake their tokens to secure the network and participate in future governance decisions, deciding the future of the blockchain.

Where can you buy Gravity's G token?G can be purchased via major exchanges such as Binance, OKX, Upbit, and KuCoin. It’s also traded on decentralized exchanges (DEXs) such as Uniswap.

On Binance, you can buy G directly using USD; other exchanges offer trading pairs with Tether (USDT), USD Coin (USDC), Wrapped BNB (WBNB), or Wrapped Ethereum (WETH).

What does the future hold for Grevm?Grevm’s successor, Grevm 2.0, is pegged for release in early Q1 2025. The second iteration of Grevm will focus on refining parallel transaction processing to increase efficiency and precision. With continued testing and enhancements, Galxe expects that Grevm 2.0 will enable faster, more scalable solutions within Gravity’s ecosystem.

Grevm 2.0 will introduce fully Asynchronous I/O as well as “finer-grained” transaction-level concurrency, allowing related transactions to run in parallel once their dependencies are resolved.

Discover Grevm 1.0 here, or explore how Gravity is empowering projects to build scalable decentralized solutions with its $50 million initiative here.

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Cysic open‑sources its Venus zkVM engine, recasting proof generation as a global computation graph and positioning ZisK inside Ethereum’s emerging EIP‑8025 proof market.

Summary

Venus replaces a traditional hardware abstraction layer with a graph‑based view of the entire proving pipeline, enabling global compute optimization and better GPU utilization. Cysic reports over 9% end‑to‑end proof‑time gains versus ZisK 0.16.1 by cutting CPU‑GPU synchronization overhead rather than relying on new hardware. ZisK is already live on Ethproofs and cited in EIP‑8025 discussions, with the team claiming 7.4‑second Ethereum block proofs on 24 GPUs and real‑time proving on a single RTX 4090. Cysic has released Venus, a new open‑source zkVM compute engine that restructures proof generation around a global computation graph rather than a traditional hardware abstraction layer, positioning the company’s ZisK stack squarely inside Ethereum’s emerging L1 proof‑market debate. Announcing the move on X, Cysic described Venus as “built on top of ZisK” and said the system “abandons the traditional HAL model” in favor of a graph‑based representation of the entire proof pipeline. “This paradigm shift yields three core advantages: global compute optimization, reduced ineffective data movement, and markedly improved GPU utilization,” the team wrote.

Graph‑first zkVM design Instead of treating hardware backends as a sequence of isolated function calls, Venus encodes zero‑knowledge proof generation as an explicit computation graph that can be scheduled end‑to‑end across GPUs, FPGAs and future ASICs. Cysic says this allows the compiler to “reorder instructions and fuse memory operations across kernel boundaries,” cutting down on memory thrash between CPU and accelerator and better matching the massively parallel character of MSM and NTT operations. In internal tests, the Venus engine delivered “over 9% end‑to‑end proof‑time improvement compared to ZisK 0.16.1,” primarily by trimming CPU‑GPU synchronization overhead rather than relying on raw hardware gains.

Direct line into Ethereum’s proof track The Venus announcement lands as Ethereum’s EIP‑8025 proposal, dubbed “Optional Execution Proofs,” formalizes a multi‑prover model for L1 block validation using zkVMs. In its explainer, Cysic notes that ZisK is “one of the five zkVMs explicitly named as candidates in official community discussions,” alongside systems such as RISC Zero and openVM, and says the team can already “complete proof generation for an Ethereum block in 7.4 seconds using 24 GPUs,” meeting real‑time targets. The project is “already live on Ethproofs, submitting real‑time proofs for Ethereum blocks using a single RTX 4090,” and is listed as an Ethproofs integration partner as the ecosystem moves toward an L1 proof market.eips.

Full‑stack ZK infrastructure play Cysic frames Venus as the software acceleration core inside a larger stack that includes the ZisK zkVM at the protocol entry point, custom ASIC hardware as the computational base and a ComputeFi network for scheduling jobs across provers. “The real problem is not insufficient raw compute but a fundamental architectural mismatch,” the team argues, contending that a tightly integrated zkVM, hardware and scheduling stack is needed to hyperscale Ethereum’s planned zkEVM roadmap.university.

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Over the past few days, Bitcoin and crypto market has been enjoying traces of bullish appearances. Most crypto assets have been in the green, with some reclaims in their values. But the northward climb has just died out as of yesterday.

EthereumPoW (ETHW) value crumbled by a whopping 11%. The Altcoins are not left in the new bearish trend. Most have taken to the south as they push the crypto market into the red. Despite several attempts, Bitcoin has again failed to hit its critical level of $20,000.

Drastic Crumbling For ETHW And LUNC Over the last few days, there’s been a sudden cut in the latest uptrend within the crypto market. Most of the crypto assets are losing the previous reclaimed values.

Before the bearish trend, Ethereum reclaimed up to 5% in its value shooting the price of ETH to nearly $1,350. However, the past day’s price decline has brought ETH to $1,288.

EthereumPoW (ETHW) has suffered one of the worse losses of about 11%. Also, Terra Classic (LUNC) declined by about 7.5%.

Crypto assets with minor gains include Uniswap, Tron, and Leo. Losers from the large-cap altcoins include Ripple and Cardano, with over a 3% drop. Others are Solana, Polygon, Polkadot, Binance Coin, Shiba Inu, and Dogecoin.

Bitcoin Stalls Before The $20K level Last week, Bitcoin was on a price swing with little or no control over its movement. The primary crypto asset even went down to the $18K region after several attempts to anchor its price on $20K. The release of the US job report created an impact taking BTC to $18,200

However, changes started to occur with increasing volatility in the crypto market. The leading cryptocurrency made more surges from the start of this week. The token movement stalled relatively in the early hour of Monday but later picked the same. As a result, the price of Bitcoin rose again to the $19,000 region and gradually maintained its hold on the level.

BTC later hit $19,700 this week. Also, kept looking for a more bullish push that could take it to the coveted $20K. However, the situation in the entire crypto market has suddenly twisted in a downward direction. As a result, Bitcoin couldn’t push through with a further move to the $20K level.

At the time of press, BTC is trading at around $19,092, indicating a drop over the past 24 hours. Also, its market cap is currently at $366.91 billion, and its dominance over altcoins sits at 39.88%.

Bitcoin price keeps trending low l BTCUSDT on Tradingview.com Based on data from the on-chain analysis, there have been several suggestions for further pain in the future for BTC. The belief is that Bitcoin displays a similar trading trend to the 2018 bear market.

Featured Image From Pixabay, Charts From Tradingview

The Journey of Chandler Guo: From Bitcoin Miner to Blockchain Investor

Tue 07 Apr 2026 ▪ 4 min read ▪ by Luc Jose A.

Summarize this article with:

Institutional flows depict the real balance of power in the crypto market, and this shortened week provides an important illustration. While bitcoin manages to attract capital, Ethereum and other altcoins face persistent pressure, revealing a subtle but real shift in investment strategies. Behind these movements, a trend emerges: investors sort, arbitrate, and reduce their commitments. Crypto ETFs thus become a key barometer of a market in search of direction.

In brief Bitcoin resists despite an unstable market, with limited but sufficient inflows to stay in the green. A fragile dynamic confirms itself, marked by irregular flows and a lack of investor conviction. Ethereum faces continuous pressure, recording significant outflows on several major ETFs. Altcoins also fall, with negative flows on Solana and XRP amid declining interest. Bitcoin maintains inflows in a hesitant market Over the week, spot Bitcoin ETFs record $22.34 million in net inflows, in an environment marked by strong fluctuations. The flow sequence illustrates an unstable but instructive dynamic :

The first days are driven by ARKB (Ark & 21Shares) and FBTC (Fidelity) ; The BlackRock IBIT fund strengthens the trend with significant inflows ; Midweek, a sharp reversal: IBIT and FBTC record outflows ; GBTC (Grayscale) and BITB (Bitwise) accentuate this selling movement ; Occasional inflows on the Grayscale Bitcoin Mini Trust and VanEck HODL limit the correction. This succession of contradictory movements leads to a clear conclusion: “bitcoin ends the week in the green, but without real conviction”. The weekly performance relies more on relative resistance than on solid momentum.

In this context, the bitcoin market presents the image of a fragile balance. Flows remain present, but their instability reflects persistent hesitation from investors. The lack of continuity in inflows prevents a firm trend, leaving the market in an observation phase.

Ethereum and other altcoins under pressure amid increased investor selection Conversely, Ethereum ETFs continue a clearly negative trend with $42.15 million in net outflows. BlackRock’s ETHA fund accounts for a large part of these withdrawals, accompanied by FETH and ETHE.

The pressure is sustained and contrasts with the volatility seen in bitcoin. Some products nonetheless resist, notably those including staking such as ETHB, which continue to attract targeted flows. This situation reveals a transformation in investor behavior: “this divergence highlights that investors are not completely abandoning ether, but are becoming much more selective”.

The movement also extends to altcoins. Solana ETFs show $5.2 million in outflows, mainly related to the BSOL product, while XRP ETFs decline by $3.56 million in a context of limited activity.

The entire segment suffers from a lack of sustained commitment, marked by irregular flows. This evolution reflects a general trend: “capital remains in motion, but it concentrates: investors favor fewer products, react more quickly, and engage with more restraint”.

This concentration of capital could redefine short-term balances. Bitcoin maintains a dominant position, while other assets now need to justify their attractiveness more selectively. This phase of increased selection reveals a more demanding market, where differentiation becomes a key factor to capture institutional flows.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

PANews reported on November 4th that StakeWise tweeted that its DAO emergency multisignature team has recovered 5,041 osETH (approximately $19 million) and all 13,495 osGNO (approximately $1.7 million), totaling approximately $20.7 million, representing 73.5% of the osETH stolen in the Balancer V2 vulnerability. The remaining osETH could not be recovered because the attacker quickly converted it into ETH. The recovered assets will be returned to users according to their pre-incident holdings. A full review report will be released soon.

The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.

According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.

6 minutes ago

Danske Bank: Federal Reserve may raise interest rates at least twice

Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10

6 minutes ago

SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.

According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.

6 minutes ago

The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.

According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.

6 minutes ago

South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.

According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.

6 minutes ago

Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.

According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.

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Aave DAO Votes On Redeploying $3 Million In Ether To wstETH And rETH For Higher Yield

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There have been several 51 percent attacks on the proof-of-work (PoW) consensus protocol since it was first proposed a decade ago. Although the Bitcoin blockchain has never been hijacked due to the astronomical power of all computers within the network, the PoW used on other blockchain-based projects like Bitcoin Gold, Litecoin Cash, ZenCash, Verge, or Ethereum Classic, and others haven’t managed to stand the test of time.

Infamous 51% attacks on the PoW consensus algorithm

A 51 percent attack can happen when a miner, or a group of miners, gets in control of over 50 percent of the mining power within a network, known as hash power or hash rate. On the Bitcoin blockchain, the hashing uses the SHA-256 algorithm whereas Ethereum uses ‘Ethash’ and Litecoin uses the ‘scrypt’. One of last year’s most infamous attacks on a PoW-based blockchain was Bitcoin Gold.  Using superior computation power, hackers falsified the ledger of the currency, stealing almost $18 million.

ZenCash, a cryptocurrency based on a PoW Equihash mining algorithm, also experienced a 51 percent attack. The attacker reorganized the blockchain, managing to reverse 38 blocks and enabling double spending on two major transactions totaling $550,000.

A PoW consensus that can stand a 51% attack

Amid a series of attacks on the PoW consensus throughout 2018, the ILCOIN project launched an improved version of PoW, deemed as a command chain protocol (C2P). C2P implements bulletproof rules and regulations in the source code to either permit or restrict different activities. Due to the centralized nature of the ILCOIN blockchain, which uses the SHA-256 technology of Bitcoin, the development team at ILCOIN can fully control any corruption attempts on the network, including double spendings and rollbacks.

C2P incorporates three security layers that altogether create an improved environment for end users. According to mentions in the whitepaper, “C2P is the actual next step of security in the cryptocurrency world, in order to turn down the page for all the non-ethical hackers who always try to take advantage on some back doors for some faulty codes, or lack of hashing power, for example, and in the same moment hurt a specific cryptocurrency and the trust of still cutting-edge technology.”

A better Bitcoin with bulletproof technology against hacks

Committed to building and developing a digital currency-based ecosystem for its growing community, ILCOIN aims to become a better Bitcoin; a high-quality cryptocurrency that can stand a 51 percent attack successfully. To perfect the security of its blockchain, ILCOIN made it quantum resistant.

First, the team analyzed former attacks against different chains. After concluding that no existing protocol is secure enough to withstand a 51 percent attack, they developed new rules and completely changed their blockchain. So-called “admiral” nodes within the CPA protocol sign every block, and if the block isn’t signed by the Master Node, it instantly becomes invalid. Regardless of the hash rate, it would be impossible to forge a block and initiate an attack on the network because the Admiral Node will not sign the block. The unique blocking mechanism prevents hackers from stealing ILC coins, as well as spending in case users lose their wallets.

Armed with a sustainable tech stack and a forward-thinking development team, ILCOIN lays ambitious plans for 2019 – to become the first project to implement smart contracts within its C2P; and potentially, be the first cryptocurrency using the SHA-256 consensus algorithm to achieve its mission of increasing security without compromising blockchain speed.

Bitcoin on its way back to $10,500 as the market records mixed signals

The past several days have been somewhat turbulent in the cryptocurrency space. Bitcoin, for instance, plunged to $9,400 on Monday, traded around $9,600 yesterday, and gained about $700 in the past 24 hours alone, before settling at $10,150 where it currently stands.

BTCUSD 1h. Source: TradingView On its way down, the significant support level of $9,400 stopped BTC. If Bitcoin is to fall again, $9,770 should be the first considerable obstacle now.

Alternatively, the $10,400-$10,500 resistance level continues to be a major thorn for bulls. The largest cryptocurrency attempted to break it on several occasions in the last few weeks but to no avail.

Most alternative coins are in the green against the dollar as well. Among the top 10 by market capitalization, Tezos is the most impressive gainer. XTZ’s positive movement is with over 11% to $3.65.

Ethereum and Litecoin are next; the former rises with 5% to $279, and the latter is up with 3.27% to $76.5. EOS and Binance Coin are increasing its value with approximately 2.3% to $4,56 and $24, respectively.

Contrary, BitcoinSV stands as the only currency in red among the top 15 by market capitalization. BSV drops with over 4% against the dollar to $302.

Cryptocurrency Overview. Source: coin360.com Total Market Capitalization: $294B | Bitcoin Market Capitalization: $184B | Bitcoin Dominance: 62.6%

You may also like: Bitcoin Price Crashes Below $60K as Strategy’s MSTR Plunges 10% Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Bitcoin’s Network Is Booming Even as Prices Remain Below Record Highs Major Crypto Headlines US Presidential Candidate Bloomberg Suggests Cryptocurrency Regulation To Help Prevent Another Financial Crisis. The 2020 presidential candidate, Michael Bloomberg, and his team recently published a financial reform plan that includes cryptocurrencies. It says that digital assets can help prevent another financial crisis, but they require a “clear regulatory framework.”

Almost $1 Million Of ETH Compromised Following Two Attacks On DeFi Protocol bZx. The popular DeFi protocol went through two consecutive attacks on February 15th and 18th. By manipulating the network, the perpetrator ultimately managed to extract a total net profit of over $900,000 worth of Ethereum.

Boerse Stuttgart Subsidiary Launching Institutional Crypto Custody Services. Blocknox, a subsidiary of second-largest German stock exchange Boerse Stuttgart, is set to expand its cryptocurrency services. Along with providing custody for digital assets on an “escrow basis,” it will now serve institutional investors, as well.

Significant Daily Gainers and Losers ABBC Coin (28.15%) ABBC is the most significant gainer among the top 100 coins by market cap. It rises with over 28% against the dollar to $0.127. It also sees gains of almost 25% against Bitcoin and trades at 1268 SAT.

A few hours ago, the popular cryptocurrency exchange Bittrex added ABBC. So far, it provides one trading pair – ABBC/BTC.

DxChain Token (15.70%) DX is next with increases of 15.70% and 12.30% against USD and Bitcoin, respectively. Naturally, its market capitalization also notes a surge and is currently at $78.5 million.

In a recent blog post, DX was named as one of the top 10 best performing digital assets for 2019. It’s impressive run continues in 2020. DX Started the year at $0.000888, and it trades now at $0.0016, meaning an increase of over 75%.

MonaCoin (-10.14%) MONA pumped to $2.71 yesterday, and it seems to be retracing heavily today to $2.31. MonaCoin remains in the top 50 coins in terms of market capitalization, even though its own dropped below $152 million.

The situation against the largest cryptocurrency is similar. A 13% decrease and MONA/BTC trades at 22941 SAT.

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The American State of Missouri is set to implement a crypto tax rule that will positively impact Bitcoin (BTC), Ethereum (ETH), XRP, and other top-risk assets. This unique move will also impact stocks as the State seeks to become one of the most friendly places for crypto firms to do business. Notably, it comes when many states consider holding Bitcoin as a strategic reserve asset.

Crypto Tax: Missouri Sets New Pace for Bitcoin As reported by Fortune, it is worth noting that the State’s lawmakers have passed the Bill to enshrine this exemption. It has now been sent to Governor Mike Kehoe for final approval. This Bitcoin tax Bill secured only Republican support despite 10 Democrats voting “Present” at plenary this past Wednesday.

If signed into law, an estimated $430 million will be cut from State revenue as the law takes effect this year. The primary concern for Democrats is the shortfall in State funding, which will affect the budget. On the positive side, investors will benefit from the crypto tax allowance as they can hold their assets for much longer.

Many States in America are exploring ways to gain the upper hand in adopting digital currencies. Earlier this week, New Hampshire adopted BTC as a reserve asset after Governor Ayotte signed Bill HB 302 into law.

Under this provision, 5% of the State’s treasury funds can be invested in Bitcoin. Notably, any asset with a market capitalization above $500 billion may also benefit.

Crypto Gaining Traction In the US The digital currency ecosystem is gaining significant traction, fueling the favorable consideration of Bitcoin and crypto tax laws. While states are championing new Bills to drive Bitcoin and crypto adoption, the focus is on regulation in DC.

Despite announcing a strategic crypto reserve, much has not been said in this regard. What is visible to the industry is the pivot by national regulatory agencies toward the nascent asset class. Although the Internal Revenue Service (IRS) has not given new guidance on Bitcoin and crypto tax, the OCC and Federal Reserve have withdrawn guidance restricting banks from engaging in digital currency activities. 

This makes the Missouri Bitcoin tax move a strategic one. While the exemption might benefit investors in the short term, it may also attract new crypto companies to the state. This will ultimately position the State to benefit in other key areas in the long term.

With this pioneering move, other States may follow Missouri in the quest to become a Bitcoin tax haven.

Historic Stock Market Crash Patterns Are Back – Will Bitcoin React? | US Crypto News

PANews reported on March 4th that the Angle Protocol community passed proposal AIP-112, agreeing to orderly shut down the EURA and USDA stablecoins during a one-year transition period. Users can transfer their EURA and USDA from various blockchains back to Ethereum via the Angle App before March 1, 2027, and exchange them for EURC and USDC at a 1:1 ratio. VaultManager positions can be closed and collateral can be retrieved. After the transition period, the protocol will cease operation, and EURA and USDA may become de-pegged. Remaining reserves will be recovered by multisignature and airdropped proportionally to unredeemed holders already on Ethereum via Merkl. Users will have a one-year window to claim the airdrop after it goes live.